PSE Round-Up: February 15, 2013

PSE Market Summary:

The Philippine Stocks Market is up by 8.23 or .13%. Total trades recorded were 35,189 with 90 stocks advances, 84 declines and 39 stocks unchanged. PSEi is up by 62.97 or .97% for the week.

MPI-DMC Reduces Interest With Maynilad

Japanese company Marubeni Corp will own 20% of Maynilad Water after Metro Pacific Investments (PSE:MPI) and DM Consunji Holdings (PSE:DMC) agreed to sell some of its shares. MPI will reduce its shares by 4% while DMC will absorb the remaining 20%, but the two companies will still remain the majority owners, holding 52.8% and 25.24% after the transation for MPI and DMC respectively.

URC Posts 12% Sales Growth

Universal Robina Corporation (PSE:URC) posted sales growth of 11.8% for the first quarter of its fiscal year Oct 2011 to Dec 2012. Net sales increased to P20.098 billion from PP17.98 billion same period last year.

SCC Panian Pit Operations Meets Tragedy

Semirara Mining Corporation reported that the west wall of its Panian Pit collapsed last Feb 13 and has order to stop mining activities. At least 13 personnel are affected and 3 were confirmed dead. 

PSE Round-Up: December 28, 2012

PSE Market Summary:

The Philippine Stocks Market was up by 17.84 or .31% to close the year. PSEi is slightly down by 11.21 from 5,823.94 last week. 

ICT Pulls Out of Syria

International Container Terminal Services, Inc. (PSE:ICT) through its wholly-owned subsidiary in Syria filed a notice of termination with Tartous Port General Company (TPGC). The issuance of notice was prompted by TPGCs refusal to negotiate in good faith for relief from the clear imbalance of the parties' economic relationship, constituting a breach of contract agreement. TPGC represents .6% and .4% of ICT's consolidated volume and revenues.

Marubeni Buys 20% Stake in Maynilad

Japanese trading giant Marubeni Corp. is buying a 20% stake in Maynilad Water Services, Inc. DMCI Holdings (PSE:DMC) will reportedly sell 16% of its shares while Metro Pacific Investments (PSE:MPI) will contribute to the remaining 4%.

PSE Round-Up: December 5, 2012

PSE Market Summary:

The Philippine Stocks Market slid down by 18.56 to close at 5,687.72. Total trades reached 27,339 with 70 stocks advances, 74 declines and 55 remaining unchanged. 

DMC Units Eyes more Nickel Power Mines

The mining unit of DMCI Holdings, Inc. (PSE:DMC) is looking to acquire more nickel mines. DMC currently owns 17% of Toledo Mining Corp and is looking to purchase another 17% more.

SMC to Enter Energy Sector

San Miguel Corporation (PSE:SMC) is looking to expand its business into energy as it participates in a bidding for a $5 billion acquisition of a gas business. The move underscores a push to surpass previous financial performances.

"SB is Philippines' Bank of the Year" - The Banker

Security Bank (PSE:SB) was hailed as the country's bank of the year by The Banker, a well respected banking magazine. The award is given as an annual event to promote industry-wide excellence in global financial institutions.  SB has consistently improved its ROE for the last three years with earnings of P6.7 billion in 2011.

LTG to Partner with Spanish Dairy Producer

LT Group (PSE:LTG) will partner with Grupo Leche Pascual, a spanish company in dairy produce business for the sale of yogurt in the Philippines. The products will be marketed by LTG under ABI Pascual Foods.

STI Issues Cash Dividend

STI Education Systems Holdings, Inc (PSE:STI) declared cash dividend as follows:

cash                                 =                   P.01 per share

ex-date                            =                   Dec. 14, 2012

record date                     =                   Dec. 19, 2012

payment date                  =                   On or before Dec. 28, 2012

PSE Round-Up: October 25, 2012

PSE Market Summary:

The Philippine Stocks Market is slightly up by 6.47 to close the four-day week at 5,405.16. Total trades were down to 25,456 with 78 advances, 88 declines and 47 stocks unchanged. PSEi is down 27.2 points or .50% for the week.

DMC Acquires 17% of Toledo

DMCI Mining Corporation, a wholly-owned subsidiary of DMCI Holdings, Inc. (PSE:DMC) has acquired 8,480,250 shares, equivalents to 17% shareholdings of Daintree Resources Limited in Toledo Mining Corporation Plc at GBP.40 per share. DMC has other transactions involving Toledo Mining.

BEL Reach Agreement with Melco

Belle Corporation (PSE:BEL) implemented a trading halt from 9:00 AM to 10:00 AM today following the announcement that it has reached an agreement with Melco Crown Entertainment Limited (MCE) to jointly develop an integrated resort complex in BEL's property along Diosdado Macapagal Avenue, Paranaque. MCE is a listed company in the Hong Kong Stocks Exchange which operates gaming facilities in Macau markets. Both companies are expected to make equal investments to the project.

ANI to stop supplying Fresh Harvests to SM

Agrinurture, Inc. (PSE:ANI) formally gave notice that it will stop supplying SM Supermarkets and SM Hypermarkets fresh fruits and vegetables and will pull-out all its inventories by Oct. 31, 2012. ANI expects to free up approximately P60 million of working capital tied up in credit lines from the supermarket chains and will focus instead on distribution channels that generate better returns.

CAT Denies Negotiations with First Pacific

Central Azucarera de Tarlac (PSE:CAT) denies in a recent disclosure that it is currently in talks to sell their company to First Pacific Group, a Hong Kong based company led by Manny V. Pangilinan. CAT is owned by the Cojuangco family that produces raw and refined sugar, alcohol, liquid carbon dioxide and yeast. 

PSE Round-Up: October 23, 2012

PSE Market Summary:

The Philippine Stocks Market ended its three-day losing skid by increasing 7.53 points to close at 5,432.32. Total trades reached 28,075 with 80 stocks advances, 78 declines and 48 remaining unchanged. 

Four Groups Pre-qualify for LRT Cavite Extension Project

San Miguel Corp. (PSE:SMC), Metro Pacific Investments-Ayala Corp joint venture (PSE:MPI & PSE:AC), DMCI Holdings, Inc. (PSE:DMC) and MTDC-Samsung consortium completed the submission of the required documents to prequalify for a public-private partnership project bid. The project will cover the extension of LRT line extension going to Cavite.

MBT Agree to Sell 30% of Toyota

The Metropolitan Bank & Trust Company (PSE:MBT) has agreed to sell on principle its 30% ownership of Toyota Motor Philippines to GT Capital Holdings (PSE:GTCAP) amounting to P9 billion. Upon execution, GTCAP will increase its stake to Toyota to 51%, while MBT will serve to strengthen its balance sheet and capital position in preparation for the Basel III implementation.

SC 51 Farmors Enter Drilling Agreement

Listed companies Trans-Asia Oil and Energy Development Corporation (PSE:TA), Petro-Energy Resources Corporation (PSE:PERC) and Alcorn Gold Resources Corporation (PSE:APM) entered into agreement with Frontier Oil Corporation for Service Contract No. 51 area (the south block). Under the agreement, Frontier has the option to acquire 8% of the farmors' combined stake bu undertaking to drill the offshore Argao-1 exploratory well at its sole cost and risk. TA, PERC and APM hold 33.34%, 20.06% and 9.32% participating interests, respectively. 

CIP Declares Cash Dividend

Chemical Industries of the Philippines, Inc. (PSE:CIP) declared cash dividend as follows:

cash                    =                      P2.42 per share

ex-date               =                      Nov. 6, 2012

record date        =                      Nov. 9, 2012

payment date    =                       Nov. 26, 2012

DMC Acquires 31% Stake in NRHI

DMC Mining Corporation, a subsidiary of DMCI Holdings, Inc. (PSE:DMC) will acquire Toledo Mining Corporation's shares in Nickeline Resources Holdings, Inc. DMC will pay $6.552 million in exchange for 31% of NRHI shares.

VUL Raises its Capital to P4B

Vulcan Industrial and Mining Corporation (PSE:VUL) announced the increase in its authorized capital stock from P600 million to P4 billion. The increase will allow its major stockholder, National Book Store Group, to increase its holdings to up to P2.9 billion and will convert its P500 million advances into equity.

PSE Round-Up: September 6, 2012

Market Summary:

The Philippines Stocks Exchange is down by .70 or .01% to close at 5,150.11. Most sectors were up, led by Industrial (.27%). Decliners were Services (.45%) and Property (.26%). The Market is now down for three consecutive days.

DMCI Acquires ENK PLC

Conglomerate DMCI Holdings Inc. (PSE:DMC) made a joint offer together with D&A Income Ltd. to acquire share capital of ENK PLC. The joint offerors already has 34.2% shares with valid acceptance. The latest offer give them a controlling interest of approximately 60.7% of the existing share capital. ENK PLC is a UK-based company that focuses on exploration and production of nickel deposits.

EDC Issues Cash Dividend

Energy Development Corporation (PSE:EDC) declared a special cash dividend with below details:

cash = P .04 per common share

ex-date = Sept. 17, 2012

record date = Sept. 20, 2012

payment date = on or before Oct. 16, 2012

FLI Launches New Mid-Rise Project

Property developer Filinvest Land, Inc. (PSE:FLI) launched its latest Mid-Rise Building Project located in Amang Rodriguez, Pasig. One Spatial Pasig is the first of a series of mid rise projects under the "Spatial" product, which offers "more space more value" affordable units to everyone.

PSE Round-Up: August 23, 2012

The Philippine Stocks Exchange Index rise by 50.69 points or .98% to close at 5,202.84. All subindices closed higher led by financials (1.49%) and mining & oil (1.09%).

DMCI Still Keen on More Acquisitions

Conglomerate DMCI Holdings, Inc. continue to look for opportunities to expand as the company remain optimistic. This include potential acquisition of nickel mines in Palawan, Davao and Zamboanga, as confirmed in PSE disclosure issued today.

Atlas Allots More Fund for Facility Ugrade

Atlas Consolidated Mining and Development Corp. will allocate as much as $105 million for the expansion of its Toledo Complex, operated by subsidiary Carmen Copper Corp. Initial estimates include $50m upgrade for milling facility, $30m for optimization and $25m for additional fleet and mining equipment.

Omico Directors Charged with Estafa

The directors of Omico corporation received a subpoena issued by Mandaluyong prosecutor's office a joint complaint of syndicated estafa filed by Domingo S. Guevara and Reynaldo S. Guevara.