Toyota Motor Philippines to Grow At A Faster Clip

GT Capital Holdings Inc. (PSE: GTCAP) expects Toyota Motor Philippines (TMP) to grow at a faster clip and contribute more to its profits.

GTCAP President Carmelo Maria Luza Bautista said they are looking at a sustained fast growth from the auto sector and a net income breakdown of “30 percent share for Toyota.”

GT Capital Holdings Inc. is the listed holding firm of business tycoon George Ty, with interests in banking (Metrobank), real estate (Federal Land Inc.), power (Global Business Power Corp.), automotive (Toyota Motor Philippines), insurance (Philippine AXA Life Insurance Corp.), and non-life insurance (Charter Ping An Insurance Corp.).