Razon-led port operator becomes the first Philippine-listed firm to surpass a ₱2 trillion market capitalization after doubling its value in less than 10 months.
A new milestone has been set on the Philippine stock market as International Container Terminal Services Inc. (ICTSI) became the country’s first listed company to surpass a ₱2 trillion market value.
ICTSI reached a market capitalization of ₱2.02 trillion after its shares closed at a record ₱999 on July 15. The stock also climbed to an all-time intraday high of ₱1,020, underscoring strong investor demand for the port operator.
The Philippine Stock Exchange described the feat as “extraordinary,” saying it underscores investor confidence in ICT Chairman and President Enrique K. Razon Jr. and the company’s continued expansion of its global port and logistics business. PSE President Ramon Monzon noted that ICTSI doubled its market value in less than 10 months after becoming the country’s first ₱1 trillion company in September 2025.
The milestone also highlights how a Philippine-listed company can build a business with global scale while attracting sustained investor interest. Strong performances from companies like ICTSI help raise the profile of the local stock market and give investors another example of how long-term business growth can translate into substantial value creation.
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