BUSINESS

ICTSI’s P2-T capitalization lifts bar for Philippine market

Maria Bernadette Romero · Jul 15, 2026, 5:41 PM

AIIB is lending $300 million to International Container Terminal Services Inc. to expand and modernize key Philippine ports, including Manila International Container Terminal, South Luzon Container Terminal and Mindanao Container Terminal, boosting container capacity, productivity and sustainable, low-emission operations. — Photo courtesy of ICTSI

International Container Terminal Services, Inc. (ICTSI) has set a new benchmark for the local stock market after becoming the first company on the Philippine Stock Exchange (PSE) to close with a market capitalization above P2 trillion.

ICTSI closed with a market capitalization of P2.01 trillion on Tuesday, which extended today as its market value rose to P2.02 trillion after its shares ended at a record P999 apiece.

The stock also hit an all-time intraday high of P1,020.

PSE President and Chief Executive Officer Ramon S. Monzon said the company’s ascent reflects investors’ confidence in the market despite external headwinds.

“Doubling its market cap less than 10 months after breaching the P1 trillion market capitalization is nothing short of extraordinary.

This performance speaks of confidence in the leadership of ICT Chairman and President, Mr. Enrique K. Razon, Jr., and in the strategic direction of the company as it continues to expand its global port and logistics operations,” Monzon said.

ICTSI first breached the P1-trillion market capitalization mark on 17 September 2025.

Before closing above P2 trillion, the company had twice reached the milestone on an intraday basis—on 16 June, when its shares climbed to P995, and on 13 July, when they touched P1,000.

Operating 33 terminals in 19 countries, the company has been expanding in Latin America, Africa, and Southeast Asia, where it has greater control over pricing, capacity, and investments.