We are a full-service investment bank, focused on capital raising (equity and debt), debt restructuring, financial advisory, mergers and acquisitions, and direct equity investments. Despite increases in both dividend income and a gain on sale of equity securities, a dearth in investment banking activities due global economic concerns brought down advisory and underwriting fees. There were no Initial Public Offerings (IPOs) in 2009 due to unfavorable market conditions. Revenues decreased slightly year-on-year by 4%. However, a 42% decrease in total expenses and market recovery (which brought asset prices back up) resulted in a 303% increase year-on-year. In 2008, the company had to realize significant impairment and unrealized losses on its Available For Sale (AFS) Securities and financial assets at FVPL due to the unfortunate global financial crisis.

 

 

 

 

We provide sales, research and execution capabilities to foreign and domestic investors. In 2009, ATR KimEng Securities ranked No. 1 in terms of value turnover, making it the Philippine Stock Exchange's top stock broker for the year. It recorded a total turnover value of PhP 379 billion for 2009, accounting for a market share of 19.04% with its closest competitors a far second and third with market shares of 8.05% and 7.89%, respectively.

 

 

 

 

We manage some of the country’s best-performing mutual funds, offering both individual and institutional investors the means to access high yielding investments that might otherwise be beyond their reach. Lower income, primarily from lower Net Asset Value (NAV) of funds under management in 2009, coupled with slightly higher expenses led to a challenging year in 2009 for ATR KimEng Asset Management (formerly the Mutual Fund Management Company of the Philippines). ATR KimEng has reorganized its Asset Management group and has tapped the expertise of Michael V. Ferrer, a 20-year veteran of the asset management industry and former Regional General Manager for ING Investment Management in Hong Kong. ATR KimEng Capital Partners has also invested in DWS Deutsche Philippine Equity Fund, Inc. and DWS Deutsche Philippine Fixed Income Fund, Inc. and signed a Transition of Management Agreement that would eventually transfer management and administration of the two funds, later renamed ATR KimEng Asia Plus Recovery Fund, Inc. and ATR KimEng Total Return Bond Fund, Inc., respectively, to ATR KimEng Asset Management.

 

 

 

 

We arrange a wide range of foreign exchange, fixed income and off balance sheet products, providing market bid and offer prices for our various products to our clients. Despite a very challenging year in 2009, Tullet Prebon (Philippines, Inc.) ranked as No.1 spot broker for the year.