Malaya Business Insight
Philippine Rating Services Corp. (PhilRatings) assigned an issuer credit rating of PRS A (corp.), with a stable outlook, for Cirtek Holdings Philippines Corp. (CHPC).
This is in relation to the company’s three-year shelf registration for commercial papers (CPs) of up to P2 billion.
A company rated PRS A (corp.) has an above average capacity to meet its financial commitments relative to that of other Philippine corporates.
The rating and outlook were assigned given the following key considerations: manageable liquidity and capitalization levels; the Cirtek Group’s established track record in the industry, supported by a strong and experienced management team that has navigated the Group through economic cycles, crises, and industry challenges; CHPC’s strong customer base of well-established and global companies, diversified in terms of region and industries; improved profit margins despite lower revenues, attributable to the company’s cost management efforts; and highly competitive and cyclical industry that is susceptible to adverse changes in various economies and characterized by the presence of larger international players.
Jan 12, 2021
CIRTEK ELECTRONICS Corp. aims to raise local production by 20% when it works with global consumers to provide consumer electronic components and electrical charger products.
Read moreJan 14, 2025
Published by Manila Standard
Analog Devices Inc. (ADI), an American multinational semiconductor company specializing in data conversion, signal processing and power management technology, recognized Cirtek Advanced Technologies and Solutions Inc. (CATSI) as the No. 1 contract manufacturer worldwide for the evaluation boards product line (EBPL) for the fourth quarter of 2024.
CATSI previously held the No. 3 position in the first quarter and second quarter of the year while inching up to No. 2 at the end of third quarter 2024.
The EBPL is an essential business unit of ADI that allows the company...
Read moreAug 16, 2021
Published by Business Mirror
Cirtek Holdings Philippines Corp. on Monday listed on the Philippine Stock Exchange (PSE) 249.44 million in common shares that carry a detachable warrant, which the company sold via a stock rights offering (SRO).
The said shares were sold at P5.50 per share, or a total of P1.37 billion.
Cirtek shares were last traded at P4.60 apiece.
In his welcome message, PSE president and CEO Ramon S. Monzon cited the competitive environment of the technology solutions space given the rapid advancement in this field and expressed optimism over Cirtek’s plans for its subsidiaries...
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