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4-Traders Homepage  >  Equities  >  PHILIPPINE STOCK EXCHANGE, INC.  >  Ayala Corporation    AC   PHY0486V1154

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Integrated Micro Electronics : Plans EUR30 Million Factory In Serbia

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12/01/2016 | 06:59am CET
   By Cris Larano 
 

MANILA--Integrated Micro-Electronics Inc. (>> Integrated Micro-Electronics, Inc.) said it plans to build a factory in Serbia to service the growing market for automotive components in Europe.

IMI, a unit of Philippine conglomerate Ayala Corp. (>> Ayala Corporation), already operates a manufacturing facility in Bulgaria and the Czech Republic.

IMI told the stock exchange it expects to start construction on the Serbian factory next year. The factory is expected to cost EUR30 million and start producing electronic automotive components in 2018.

The factory is expected to employ more than 1,200 people over a 10-year period.

Write to Cris Larano at cris.larano@wsj.com

Stocks mentioned in the article : Integrated Micro-Electronics, Inc., Ayala Corporation
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Latest news on AYALA CORPORATION
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Financials ( PHP)
Sales 2016 204 051 M
EBIT 2016 39 208 M
Net income 2016 24 566 M
Debt 2016 216 406 M
Yield 2016 0,74%
P/E ratio 2016 18,45
P/E ratio 2017 16,79
EV / Sales 2016 3,22x
EV / Sales 2017 2,89x
Capitalization 440 343 M
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Income Statement Evolution
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Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 11
Average target price 893  PHP
Spread / Average Target 26%
Consensus details
EPS Revisions
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Managers
NameTitle
Jaime Augusto Zobel de Ayala Executive Chairman & Chief Executive Officer
Fernando Zobel de Ayala Vice Chairman, President & Chief Operating Officer
Jose Teodoro K. Limcaoco CFO, Chief Risk Officer, Group Head-Finance & MD
Delfin Lapus Lazaro Non-Executive Director
Xavier Pardo de Tavera Loinaz Independent Director
More about the company
Sector and Competitors
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