Capital Notes January-March 2013
First Metro Investment posts 2.3 billion income in the first quarter of 2013
First Metro Annual Stockholders' Meeting
GT Capital's P21.567 billion IPO wins Deal of the Year
First Metro dominates PDS awards 2012
Team UP-Cebu leads collegiate stock market challenge
FirstMetroSec brings Philippine companies to the DBSVickers Pulse of Asia Conference in Singapore
First Metro Investment posts P3.3 billion income in 2012
Roubini speaks at the Philippine Investment Summit 2013
First Metro wins fourth consecutive Best Bond House award
Philippines on the Rise
Capital Notes October-December 2012
RP lists USD500 million Onshore Dollar Bonds
First Metro brings Nouriel Roubini at the PH Investment Summit
Rockwell Land Php 10.0 Billion Corporate Notes
First Metro Investment wins fourth consecutive Best Bond House Award
First Metro Investment Capital Markets forum
First Metro, Puregold sign P5-B Notes Facility Agreement
First Metro Investment ends the 3rd quarter with a P2.6 billion income
FirstMetroSec, DBS Vickers sign research collaboration
Stock X Challenge 3 kicks off
First Metro intends to delist
FirstMetroSec, DBS Vickers sign research collaboration
First Metro Bigay Liwanag 2012
Capital Notes July-September 2012
First Metro wins PIFA awards anew
Metrobank, First Metro arrange CIRTEK Corporate Notes
First Metro Investment cited as Best Equity House
First Metro Investment lists P7 billion Fixed Rate Corporate Bonds on PDEx
First Metro wins nine PIFA awards
First Metro Investment posts P1.9 billion income at the end of 1H 2012
First Metro Bigay Liwanag 2012
First Metro steps-up nationwide capital markets awareness campaign
First Metro Investment cited as Best Equity House in the Philippines
Regional schools barge into Stock X Challenge Top 10
Stock X Challenge winner
Philippines upgrades says First Metro Investment
First Metro Investment wins corporate governance award anew
First Metro President recognized by Chiang Kai Shek College
First Metro Investment’s income up 127% in the first quarter of 2012
P323.4 billion Domestic Debt Consolidation Program deal managed by First Metro won The Banker’s Deal of the Year
First Metro Investment Corporation Annual Stockholders Meeting
First Metro bags PDS Group awards
GT Capital Holdings, Inc. Initial Public Offering
UP dominates Stock X Challenge
Capital Notes January-March 2012
The Asset awards First Metro Investment as Best Domestic Bond House in the country
Stock X Challenge: Winning Techniques
First Metro-managed funds continue strong performance
First Metro, Metrobank lead the signing of the Meralco Notes Facility Agreement
Economic outlook briefing
Philippines upgrades says First Metro Investment
First Metro Inspires, Cares
Capital Notes October-December 2011
First Metro kicks-off “Stock X Challenge”
First Metro Investment is Best Bond House anew
FirstMetroSec V2.0 launched with iPAD application
First Metro Lists at PDEx
First Metro Investment Corporation lists P5-B Fixed Rate Corporate Bonds on PDEx
First Metro Investors Center in Cebu
First Metro-PSE-CEAP Stock X Challenge Portfolio Management Seminar
First Metro P5-B Corporate Bonds
First Metro inaugurates Investors Center in Cebu City
First Metro Investment posts P1.8 billion income at the end of Q3 2011
First Metro Investment Summit
Metrobank, First Metro arrange PH investment summit
Metrobank, First Metro Arranged Pancake House Corporate Notes
First Metro 'Bigay Liwanag' in Makati
First Metro, Mitsui MOA for Toyota Dealership
First Metro Investment signs MOA with Mitsui for nationwide Toyota dealership
Best Bond House in the Philippines
First Metro brings back collegiate stock trading competition
Bigger, more exciting Stock X Challenge expected
First Metro Save & Learn Funds take home nine PIFA awards
First Metro wins corporate governance award
First Metro Investment is Best Bond House in the Philippines
Beacon Electric Asset Holdings P11-B Corporate Notes
First Metro sees return to robust growth in the second half of 2011
Davao online trading with First Metro Securities
First Metro Investors Center
First Metro inaugurates Investors Center
First Metro Investment posts P431.4 million profit in the 1st quarter of 2011
FMSBC’s Online Trading Facility launched in Cebu
Rockwell Land raises P4.0 billion from corporate notes issue
FMIC Annual Report 2010:
Creating Opportunities
Executing Possibilities
First Metro Annual Stockholders' Meeting
Manila Water P10-B Corporate Notes
SM Prime raises P5.0 billion from 5-year floating rate notes
Intercollegiate Stock X Challenge winner
FMIC economic and investment briefing
Federal Land, Inc. raises P6.6 billion from its Maiden Notes Issuance
Renewable energy partnership
First Metro, Global Power collaborate to develop renewable energy
Pro-Friends issues P1.5-B Corporate Notes
First Metro Investment Awarded by the PDS Group
Stock X Challenge Series 1 Evaluation Seminar
First Metro Investment’s profits up by 68%
First Metro Investment is 'Best Domestic Bond House' anew
'BIGAY LIWANAG' for Magat Salamat Students
First Metro Investment launches new website
FMIC says prospects in 2011 still rosy but sees rising oil as biggest threat
First Metro Economic Briefing in Cebu
FMIC-PSE-CEAP Stock X Challenge Commences
Bureau of the Treasury Debt Consolidation Program
GT Capital Holdings raises P5-B from maiden notes issue
Stock X Challenge Portfolio Management Seminar
FAMI Speaks on Common Sense Investing
First Metro-PSE-CEAP Stock X Challenge Registration Period Extended
FAMI Celebrates Fifth Year Anniversary
First Metro Investment 9-month Profits Up by 63%
First Metro Securities Unveils On-line Trading Facility
Stock Trading Competion For College Students
First Metro Investment Completes Its New Treasury and Risk Management Software with IP Converge Data Center (IP-C) and Credence Analytics (CA)
Photo Release: First Metro Investment Corp. (FMIC) Conducts ‘Bigay Liwanag’ On Its Third Year.
Photo Release: KsK Coop Formalized Accreditation of FAMI’s Save and Learn Mutual Funds
FAMI Save & Learn Mutual Funds win in the ICAP Awards
FMIC 1H10 Profits Jumps by 60%
FMIC Bullish on the Philippine Economy in 2010
First Metro Investment’s Profits Up by 65%
Photo Release: 12TH Retail Treasury Bond Offering
Photo Release: Retail Treasury Bond Roadshow
First Metro Investment’s Profits Surged 158%
Renewable energy sector needs funding support, says First Metro Investment
PSALM Plans to Issue P20 Billion in Retail Bonds
Top Fixed-Income Dealing Participant
Top Depository Brokering Participant
Metro Pacific and Piltel JV Inks P18.0 Billion Debt Facility with Nine Financial Institutions
FAMI Launches its Monthly Investment Program for Catholic Schools’ Employees
Panay Energy Development Signs P14.0 Billion Financing Package
First Metro Investment is Best Domestic Bond House in the Philippines Twice in A Row
First Metro Investment Corporation Holds Briefing on 2010 Economic and Financial Markets Outlook
6/29/2011
In a press briefing, First Metro Investment Corporation, the investment banking arm of the Metrobank Group, says Philippine economy will return to robust growth in the second half of 2011. The country’s GDP growth is projected at 6% driven by higher government spending merited by the national government’s budget surplus, improving revenue collection and robust investment activities as reflected in the 37% rise in gross domestic capital formation (GDCF) in the first quarter.
First Metro president Roberto Juanchito Dispo expresses optimism for the remaining six months of 2011. “We are confident the country is up for a strong growth given the country’s solid macroeconomic performance; strong corporate earnings and domestic spending will accelerate in the latter part of the year.”
Senior executives of the investment bank also made the following forecast: Inflation is projected to remain under control at 4.6%; oil price remains to be the biggest threat to the country’s growth. Remittance is expected to decline to 5% compared to the beginning of the year projection of 8% due to external uncertainties. Peso-dollar rates will range between 42 and 44 in the remaining part of the year. Exports are likely to slow down at 8-12% while import will remain at 18-20%. On interest rates, First Metro said the Philippines has the steepest yield curve in the region which suggests prospect of stronger economic growth. Interest rates will be slightly higher than the beginning of the year forecast, but yield curve is expected to flatten in the second semester.”
Philippine Stock Exchange Index (PSEI) will challenge the 5,000 level and price earnings ratio at 15.2X given strong corporate earnings’ increasing prospect of an upgrade in 2012 and market liquidity. Sectors that will outperform the index include power, industrial conglomerates, property and infrastructure. Growth opportunities will come from the power sector, infrastructure, property development and business process outsourcing.
First Metro chairman Francisco Sebastian also conveyed a positive outlook. “We forecast a solid economic growth in the months to come driven by vigorous investments as a result of the government’s aggressive stance for increased public-private partnership projects,” Sebastian said.
In addition, Dispo cited the new Philippines’ sovereign rating as another indicator for economic growth and stability, “The country’s credit upgrade will spur active investments in the local market as it further reinforces current strong economic fundamentals,” Dispo said.

