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Bilyonaryo - Business

Back from the grave: APL rockets 33% after Vittorio Lim’s replacement bares first ore shipment in Q1 2023

  • December 21, 2022
  • Bilyonaryo.com

Apollo Global Capital (APL) has bounced back from a long and deep slump after its new management announced plans to make its first shipment next year.

APL posted a chart-topping 33 percent gain to 3.6 centavos on December 21 with P128 million in total trade.

The stock plunged to its lowest at 2.5 centavos just two days ago since hitting a peak of 43 centavos in January 2021 when the stock dazzled investors with its promise of making its first ore shipment from its offshore prospect in Cagayan.

The stock’s resurgence came just 18 days after self-styled backdoor king Vittorio Paolo P. Lim resigned as president.

Bonner Dytoc, newly elected president of APL, disclosed on December 20 that the company would make its first commercial shipment of iron ore by the first quarter of 2023.

APL is expected generate up to $36 million from the projected 12 shipments of iron ore extracted by its mining vessel MB Siphon

ALSO READ:

Back on track: APL raring to make first shipment by Q1 2023

Vivian Yuchengco’s nephew quits former mining stock darling due to ‘professional differences’

  • Related News Tags: Apollo Global Capital (APL), iron ore, mining, shipment, Vittorio Paolo P. Lim
PrevPreviousHo ho ho! SMC waives toll fees for Christmas and New Year
NextPLDT to take staggering P55B hit from capex spending scandal; to borrow up to P40B to maintain dividends, appease investorsNext

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MVP Group bets big on renewable energy with 16% purchase of SPNEC

Mega-conglomerate Metro Pacific Investments Corp. (MPIC) is set to acquire a 16 percent stake in SP New Energy Corp. (SPNEC), the renewable energy firm owned by tech visionary Leandro Leviste, for P2 billion.

ABS-CBN and India’s OTT market leader join forces to expand reach among global audiences

Lopez-led media giant ABS-CBN has partnered with OTT market leader MX Player to enhance its presence and expand its viewership among international audiences.

NLEX Connector’s first section now open, set to ease traffic in Metro Manila and boost economic development

Bilyonaryo Manny V. Pangilinan-led NLEX Corp. has officially opened the first five-kilometer elevated expressway of the P23 billion NLEX Connector, which is expected to alleviate traffic congestion and improve mobility in Metro Manila.

Laglagan na! Investa claims it has nothing to do with co-founder JM Lapiña’s ‘ventures’ amid alleged investment scandal

Investagrams (Investa), a popular local app for stock market enthusiasts, is distancing itself away from one of its founding fathers who is facing mounting complaints from disgruntled clients of his investment fund.

A new era for Philippine ports: PPA opens largest passenger terminal in Oriental Mindoro

The Philippine Ports Authority (PPA) has inaugurated the largest passenger terminal building in the country at the Port of Calapan in Oriental Mindoro.

MVP Group bets big on renewable energy with 16% purchase of SPNEC

ABS-CBN and India’s OTT market leader join forces to expand reach among global audiences

NLEX Connector’s first section now open, set to ease traffic in Metro Manila and boost economic development

Laglagan na! Investa claims it has nothing to do with co-founder JM Lapiña’s ‘ventures’ amid alleged investment scandal

A new era for Philippine ports: PPA opens largest passenger terminal in Oriental Mindoro

BIR enhances taxpayer experience with anywhere AITR filing and payment

CFO Brian Go buys P110 million JG Summit shares

Buyers, sellers, and CPAs beware: BIR launches offensive against ghost receipts

FNI expects to sustain growth in 2023 on higher nickel prices, China’s reopening

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Investors rejoice! Semirara’s record-breaking performance yields double dividend payout in 2022

Semirara Mining and Power Corp., which is led by the Consunji family, has approved a significant cash dividend of P3.50 per share, resulting in a sizable payout of P14.88 billion.

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China says US firm under investigation for ‘illegal operations’

China is investigating a US due diligence firm for “illegal” activities, a government spokesperson said Monday, after the company accused authorities of detaining five local employees and shutting down its Beijing office.

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ABS-CBN and India’s OTT market leader join forces to expand reach among global audiences

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New York’s famous Flatiron Building sells at auction

New York’s iconic Flatiron Building — famous for its thin, triangular shape — has sold at auction for $190 million following a court order.

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MVP Group bets big on renewable energy with 16% purchase of SPNEC

Mega-conglomerate Metro Pacific Investments Corp. (MPIC) is set to acquire a 16 percent stake in SP New Energy Corp. (SPNEC), the renewable energy firm owned by tech visionary Leandro Leviste, for P2 billion.

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Blue, German blood: the Windsors’ continental roots

The history of the British royal family is inextricably entwined with Germany, a heritage that will have pride of place during King Charles III’s first state visit to the country beginning Wednesday.

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First Citizens to acquire collapsed Silicon Valley Bank

First Citizens Bank will acquire significant holdings of fallen lender Silicon Valley Bank, a US banking agency announced late Sunday, as regulators seek to contain an industry crisis.

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China says US firm under investigation for ‘illegal operations’

China is investigating a US due diligence firm for “illegal” activities, a government spokesperson said Monday, after the company accused authorities of detaining five local employees and shutting down its Beijing office.

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Billionaire Jack Ma makes rare public appearance in China

Jack Ma, the founder of tech giant Alibaba, made a rare public appearance in China on Monday after his fall from grace during a government crackdown over two years ago.

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Exclusive!

Who’s Who at ART SG

January 12, 2023

Art SG kicked off today with art world legends and collectors showing up with extra vigor after a two-year delay due to the pandemic.

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Laglagan na! Investa claims it has nothing to do with co-founder JM Lapiña’s ‘ventures’ amid alleged investment scandal

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NLEX Connector’s first section now open, set to ease traffic in Metro Manila and boost economic development

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Business News

• Laglagan na! Investa claims it has nothing to do with co-founder JM Lapiña’s ‘ventures’ amid alleged investment scandal

• ABS-CBN and India’s OTT market leader join forces to expand reach among global audiences

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• Sandro Marcos pays tribute to dad Bongbong’s devoted supporter

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• Investors rejoice! Semirara’s record-breaking performance yields double dividend payout in 2022

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• Andrew Tan’s MREIT boosts asset portfolio with P5.3 billion acquisition of four PEZA-accredited buildings

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Lifestyle News

• Stephanie Kienle Gonzalez embraces Filipino roots through interior design

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Food & Nature News

• Manny Villar’s Coffee Project dubbed among most Instagrammable cafes in the world

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