San Miguel Corporation
San Miguel Corporation (SMC) is a Philippines-based food, beverage and packaging company with operations in Southeast Asia. Its product portfolio includes beer, hard liquor, carbonated and non-carbonated, non-alcoholic beverages, processed and packaged food products, meat, poultry, dairy products and a number of packaging products. It owns a range of beverage brands and products that extends from beer to hard liquor, bottled water, powdered juice and juice drinks. San Miguel Brewery Inc. (SMB) has five breweries in the Philippines located in Luzon, Visayas and Mindanao. Its food operations includes the production and marketing of fresh, ready-to-cook and processed chicken, pork and beef, milk, butter, cheese, margarine, ice cream, flour, pancake mix, snack foods, coffee, cooking oil, coconut oil, and animal and aquatic feeds. In February 2007, the partners The Coca-Cola Company (TCCC) and SMC completed the sale of the latter's 65% shareholding in Coca-Cola Bottlers Philippines, In
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Asian shares were lifted on Tuesday after strong U.S. manufacturing data. Japan's Nikkei index ended 1.63 percent higher, after Toyota's plans to fix millions of vehicles equipped with faulty accelerators in North America and Europe. Australian shares climbed as metals prices rose, but Australian dollar was pulled down by RBA's unexpected decision to keep interest rate unchanged.
All the key markets in Asia were hurt by the debt problem of Dubai today. Japan's key Nikkei stock index opened nearly 2 percent lower Friday while Hong Kong's Hang Seng Index declined about 3 per cent at opening with banks which are exposed to overseas assets tumbled massively.
Philippines' food and beverage giant San Miguel Corp. (PSE:SMC) said its second-quarter net profit rose sixfold from a year earlier, largely due to the asset sale to Japanese brewer Kirin Holdings (TYO:2503).
Asian shares ended mixed Thursday. The Shanghai Composite index was up 1.0%, but in Hong Kong's Hang Seng Index fell 1.0%. South Korea's Kospi lost 0.1%, reversing early gains, and Japan's Nikkei 225 Average ended up 2.0%.
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