PSE Market Summary:
The Philippine Stocks Market was down for the second straight day to close at 5,787.95. Total trades recorded were 27,006 with 80 stocks advances, 78 declines and 48 remaining unchanged.
RHI Reports P667M Net Income
Roxas Holdings, Inc. (PSE:ROX) reported net income after tax of P667 million, its highest ever recorded thus far. The positive results were mainly due to improving sugar sales margin.
RLC to Partner with Okada
Robinsons Land Corporation (PSE:RLC) signed an agreement with Kazuo Okada's Universal Entertainment Group to purchase a majority stake in a 30-hectare property. The land is provided a license to be developed as an integrated mixed-use resort gaming and development.
SM Prime to Open Fifth Mall in China
SM Prime Holdings (PE:SMPH) is scheduled to open SM City Chongqing, its fifth shopping mall located in China. The property has a gross floor area of 149,080 sqm, 85% of which are already under lease.
PNOC Declares Cash Dividend
PNOC Exploration Corporation (PSE:PNOC) declared cash dividend as follows:
cash = P.25 per share
record date = Jan. 2, 2013
payment date = Jan. 15, 2013