APO was founded as Anglo Philippine Oil Corp., an oil and mineral exploration business, but later altered its main purpose to that of an investment holding corporation focusing on natural resources, property development, and infrastructure operations, and changed its corporate name to the current one. In addition, the corporation maintains smaller interests in a variety of pioneer initiatives.
Vulcan Materials Corporation (VMC), which is engaged in the discovery and development of mineral and aggregate resources, was bought entirely by the corporation. They also bought 97.59 percent of Tipo Valley Realty, Inc. (TRVI), a property development firm. In addition, in 2016, the corporation established Anglo Philippine Power Corporation to lead its push into the power producing market.
Aside from VMC, TVRI, and APPC, the Company also has investments in natural resources, property development, and others through United Paragon Mining Corporation; Atlas Consolidated Mining & Development Corp.; The Philodrill Corporation; North Triangle Depot Commercial Corporation; MRT Development Corp.; MRT Holdings, Inc.; Brightnote Asset Corporation; and Filipinas Energy Corporation.”
- APO recorded a net gain of P113.9 million in the first quarter of 2021, reversing a net loss of P20.9 million in the same time the previous year.
- The Department of Energy has confirmed that the company’s Service Contracts 6A, 14, and 53 are valid, and that it has no ongoing violations with the agency after its most recent annual verification on March 3, 2021.
- APO recorded a net loss of P172.1 million for the fiscal year 2020, which is about 22% more than the previous year’s deficit.
- Following the departure of the company’s other partners, the company’s participation in the consortium that owns Service Contract 53 (the onshore Mindoro Natural Gas Exploration Project) has climbed to 18.52 percent.
- APO is currently up 60% from its major support of P0.68
- It recently broke above its 8-day, 20-day, 50-day, and 100-day moving averages.
- The stock trades between P1-5 million per day but traded more than P79 million yesterday.
- APO may pull back after yesterday’s performance. Avoid chasing the price and wait until it gets closer to its support level before buying in.
Material in this article is obtained from sources we believe to be reliable, but its reliability or precision cannot be guaranteed. This is for the sole purpose of providing details and does not provide an offer from us to buy or sell securities mentioned in this document.