{"id":332247,"date":"2025-04-21T22:35:07","date_gmt":"2025-04-21T14:35:07","guid":{"rendered":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/?p=332247"},"modified":"2025-04-21T22:35:09","modified_gmt":"2025-04-21T14:35:09","slug":"trade-the-news-mer-sees-slight-growth-in-q1-sales","status":"publish","type":"post","link":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/trade-the-news-mer-sees-slight-growth-in-q1-sales\/","title":{"rendered":"Trade the News: MER sees slight growth in Q1 sales"},"content":{"rendered":"\n
Potential Impact of this News<\/strong><\/td>POSITIVE on the stock price<\/strong><\/td><\/tr>
Company<\/strong><\/td>Manila Electric Co. – Meralco<\/td><\/tr>
Stock Code<\/strong><\/td>MER<\/td><\/tr>
Long-term Recommendation on the Stock<\/strong><\/td>Hold<\/td><\/tr>
1-Year Target Price<\/strong><\/td>PHP 527.70<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n
<\/div>\n\n\n\n

Manila Electric Co. (MER) saw its energy sales volume increase by 1.5% in the first quarter (Q1), driven by the uptick in residential and commercial sectors.<\/p>\n\n\n\n

Energy sales volume increased to 12,493 gigawatt-hours (GWh) from 12,307 GWh in the same quarter last year, Ferdinand O. Geluz, senior vice-president and chief revenue officer of Meralco, said in a Viber message last week.<\/p>\n\n\n\n

For the first three months, residential sales volume rose by 3% to 4,257 GWh from 4,144 GWh, driven by \u201csustained momentum from energization efforts and observed high heat index in the franchise area.\u201d<\/p>\n\n\n\n

\u201cCommercial sales posted a 1% increase to 4,744 GWh in Q1, up from 4,679 GWh in Q1 2024, buoyed by robust demand from consumer-facing establishments amid a slowdown in real estate,\u201d Mr. Geluz said.<\/p>\n\n\n\n

On the other hand, energy sales volume in the industrial sector slightly climbed by 0.2% to 3,455 GWh from 3,448 GWh as gains from non-metallic, semiconductor, and plastics sectors were muted by downturn in food and beverage and steel sectors.<\/p>\n\n\n\n

Mr. Geluz said that Meralco is optimistic that energy sales will pick up in the second quarter, all the way to reach its full-year target of 4.5%.<\/p>\n\n\n\n

This is on the back of expected boost from \u201chigher consumer spending during midterm elections, better economy from lower inflation and interest rates,\u201d and \u201canticipated recovery in occupancy in real estate,\u201d he added.<\/p>\n\n\n\n

In 2024, Meralco\u2019s energy sales volume rose by 6.4% to 54,325 GWh from 51,044 GWh in the previous year, driven by warmer temperatures due to El Ni\u00f1o and sustained customer energizations.<\/p>\n\n\n\n

This surpassed the company\u2019s target of 53,473 GWh for the year.<\/p>\n\n\n\n

The power distributor\u2019s distribution utility business accounted for 62% or P28.1 billion of the company\u2019s total core net income last year, which increased by 22% to P45.1 billion.<\/p>\n\n\n\n

(News Source: Business World<\/a>)<\/em><\/p>\n\n\n\n

<\/div>\n\n\n\n

This report is prepared by PinoyInvestor\u2019s partner broker below. Find out more about our partner brokers<\/a> and sign up to avail their complete trading brokerage services.<\/em><\/em><\/em><\/p>\n\n\n\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

Take advantage of the price opportunity that might arise when the news hits. Trade the news!<\/p>\n","protected":false},"author":11,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1371],"tags":[],"class_list":["post-332247","post","type-post","status-publish","format-standard","hentry","category-trade-the-news","generate-columns","tablet-grid-50","mobile-grid-100","grid-parent","grid-33"],"_links":{"self":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts\/332247","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/users\/11"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/comments?post=332247"}],"version-history":[{"count":1,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts\/332247\/revisions"}],"predecessor-version":[{"id":332249,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts\/332247\/revisions\/332249"}],"wp:attachment":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/media?parent=332247"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/categories?post=332247"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/tags?post=332247"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}