Asiamoney picks EEI 'Best Managed Company' in small-cap category
EEI Corporation, a member of the Yuchengco Group of Companies was cited by the Asiamoney,
a monthly financial publication, as the best-managed small-cap company in the Philippines for 2009.
EEI posted more than 200% surge in share prices in the last 12 months compared to the gain of the Philippine Stock Exchange index benchmark of 57% over the same period.
This feat was one of the bases Asiamoney cited for giving the award to EEI.
Asiamoney is a monthly financial publication that provides reporting and analysis of the ins-and-outs of financial and investment markets.
A company falls under the small-cap category if its market capitalization is US$800 million or less.
"A clear business strategy, well-communicated business goals and opportunism were some of the traits possessed by Asia's most successful companies during 2009," according to the report in the December 2009/January 2010 issue of Asiamoney.
EEI's eagerness to grow and its aggressiveness to expand outside the country are what led to a successful year for the company. Bagging a US$192 million petrochemical project in Saudi Arabia and a US$12 million electromechanical project in Qatar are a few of the fruits of the company's efforts in growing its overseas operations. Despite the economic downturns of the year, the diversified revenue of the company was achieved by its ability to capitalize on the opportunities abroad, especially in the Middle East - and in the oil and gas sector.
EEI posted more than 200% surge in share prices in the last 12 months compared to the gain of the Philippine Stock Exchange index benchmark of 57% over the same period.
This feat was one of the bases Asiamoney cited for giving the award to EEI.
Asiamoney is a monthly financial publication that provides reporting and analysis of the ins-and-outs of financial and investment markets.
A company falls under the small-cap category if its market capitalization is US$800 million or less.
"A clear business strategy, well-communicated business goals and opportunism were some of the traits possessed by Asia's most successful companies during 2009," according to the report in the December 2009/January 2010 issue of Asiamoney.
EEI's eagerness to grow and its aggressiveness to expand outside the country are what led to a successful year for the company. Bagging a US$192 million petrochemical project in Saudi Arabia and a US$12 million electromechanical project in Qatar are a few of the fruits of the company's efforts in growing its overseas operations. Despite the economic downturns of the year, the diversified revenue of the company was achieved by its ability to capitalize on the opportunities abroad, especially in the Middle East - and in the oil and gas sector.