FINANCEASIA, a financial publication in the Asean region, has named plastics and food ingredients firm D&L Industries Inc. as the “best-managed mid-cap company in the Philippines,” followed by low-cost housing builder 8990 Holdings Inc.
Based on a survey conducted by the magazine among investors and analysts, D&L’s CFO Alvin Lao was also named the second-best chief finance officer.
Ayala Land Inc.’s Jaime Ysmael was first, while Ayala Corp.’s Delfin Gonzalez Jr. was third. “It’s an honor to have been selected, as FinanceAsia is one of the most reputable publications in the industry. The credit really goes to the people we have at D&L who work tirelessly toward continuously making D&L a better company,” Lao said.
D&L was also ranked third best-managed mid-cap company in 2014, and this year, it was ranked ninth among firms in the Philippines with the best investor relations.
It was tied with SM Prime Holdings and Universal Robina Corp.
FinanceAsia recently published a report of its 15th edition of Asia’s Best Companies that ranked companies and senior executives, as well as policies on dividend payments and other matters.
8990 President and CEO Januario Jesus Atencio said the award to the company is a clear signal from the foreign equity funds and analysts that the company is meeting their expectations.
“The award inspires us to work harder to continuously grow our company and, by doing so, help build a more decent and inclusive Philippine society,” he said.
FinanceAsia received responses from over 250 portfolio managers and buy-side analysts from around the world, running mandates that included, or were dedicated to, Asian-listed companies.
D&L got a score of 17 in its category, followed by 8990 that got a score of 15.
ABS-CBN Corp. of the Lopez family and Security Bank Corp., were tied in third place in the best mid-cap category, with an identical score of 12.