PSE Round-Up: January 29, 2013

PSE Market Summary:

The Philippine Stocks Market was up for the fourth straight trade, inching higer by 42.31 or .68% to close at 6,234.73. Total trades reached 29,907 with 109 stocks advances, 67 declines and 40 stocks unchanged.

PNX Posts 26% Growth

Phoenix Petroleum Philippines, Inc. (PSE:PNX) posted a 26% growth in revenue to P34.7 billion in 2012 compared to P27.5 billion recorded in 2011. The increase was mainly due to the 26% higher fuel sales volume. PNX's market share also grew from 5.4% to around 6% for 2012.

MEG Sets P35B Capex

Megaworld Corporation (PSE:MEG) sets its 2013 capital expenditure to P35 billion, doubling last year's growth in sales. This was the highest capex allocation for MEG thus far.

PSE Round-Up: January 14, 2013

PSE Market Summary:

The Philippine Stocks Market was up by 42.15 or .70% to close at 6,093.90. Total trades reached 28,471 with 94 stocks advances, 71 declines and 44 stocks unchanged.

MEG Allots P25B in Iloilo

Megaworld (PSE:MEG) allots P25 billion for the entire development of the Iloilo Business Park. Outside of Metro Manila, Iloilo stands at the center of real estate expansion of MEG.

PGOLD Acquires 15 Foodmarts 

Puregold Price Club, Inc. (PSE:PGOLD) announced the acquisition of 4 foodmarts and 15 Grocer E Supermarts from Company E Corporation. The acquisition shall be via purchase of all its outstanding shares.

PSE Round-Up: September 20, 2012

PSE Market Summary:

The Philippine Stocks Market is down on a third day to close at 5,294.97.

AGI Expects P 10B Core Net Income

Holding firm Alliance Global, Inc. (PSE:AGI) expects its core net income for the year to grow to approximately P 10B. AGI expects share of income from its subsidiary Megaworld Corporation (PSE:MEG) to be around P 4.9 billion, Emperador Distillers contributing P 4 billion, leisure property Global Estates Resorts Inc. to reach P 250 million and Mcdonald's franchisee Golden Arches Development Corporation to be P 650 million. 

CPG to invest P 34B for Metro Manila Projects

Property developer Century Properties Group, Inc. (PSE:CPG) plans to sustain it strong growth in the real estate market. It is currently constructing master-planned developments within Metro Manila with projected cost of around P 34 billion.

BRN Signed Agreement to Build Iloilo Power Plant

A Brown Company, Inc. (PSE:BRN) signed an agreement with AC Energy Holdings, Inc., wholly owned subsidiary of Ayala Corp., to build a power plant in Iloilo. The power plant expects to break ground by 4th quarter this year.

PSE Round-Up: September 19, 2012

PSE Market Summary:

The Philippine Stocks Market was down for a 2nd day to close at 5,317.03. 

FLI's BPO Office Nears Completion

Property developer Filinvest Land, Inc. (FLI) reports that its latest office building in Northgate Cyberzone is expected to be fully completed by the end of the year. The new building is part of FLI's goal to double its gross leasable area by 2015.

MEG to Raise P 23.1B for New Projects 

Property developer Megaworld Corporation (MEG) expects to raise at least P 23.1 billion in sales from new condo projects located in key cities in Metro Manila and Cebu. MEG has at least 6 new condominium projects lined up.

JTH Enter in Swap Agreement with STI

JTH Davis Holdings, Inc. (JTH) executed  share swap agreement with STI Education Services Group. The agreement is based on a ratio of 6.5 shares of JTH for every 1 share of STI.

PSE Round-Up: August 14, 2012

JFC Net Income Up 33%

Philippines' largest food service company Jollibee Foods Corporation (PSE:JFC) reported Net Income Attributable to Parent Company of P921 Million for 2Q2012, up 33% from P693 Million same period last year. The increase was attributed to foreign business growth most notably in US and Asia. Full report can be viewed here.

GMA Gross Revenues Up 1%

Media company GMA Network, Inc. (PSE:GMA) registered 6.79 Billion consolidated gross revenues for 2Q2012, up by P64 Million or 1% from last year. Net income after tax is P1.014 Billion, on rack to its full year target of P2 Billion. Full report can be viewed here.

MEG 1st Half Net Income Up 15%

Property developer Megaworld Corporation reported core net income of P3.69 Billion for the 1st half of 2012, up 15% from P3.21 Billion from previous year. The growth was due to continued strength in its residential sales and BPO office rentals. Full report can be viewed here.

FLI Net Income Up 19%; No Longer Bidding for FTI

Property developer Filinvest Land, Inc. (PSE:FLI) announced net income of P1.525 Billion, up 19% from P1.282 Billion generated same period last year. The growth was mainly due to the 28% increase in real estate sales. 

In a separate disclosure, the company announced in will no longer participate in the bidding for the 74-hectare FTI Property in Taguig. Management stated that acquiring said property at this time did not fit wtih its land banking strategy. 

SM Posts 13% Growth 1st Half

Conglomerate company SM Investments Corporation reported P10.9 Billion net income from P9.6 Billion same period last year, equivalent to 13% growth. The increase was driven by strong earnings in residential segment, banks and mall operations. Full report can be viewed here.

Atlas Core Income Reach P1.66 Billion

Atlas Consolidated Mining & Development Corporation reported core income of P1.66 Billion, 72% higher than last year. The improvement is attributed to rise in copper production and higher throughput.

Megaworld to Increase Stake in Bonifacio Project

Leading Philippine residential condominium developer Megaworld (PSE:MEG) plans to increase its investment in a 15-hectare integrated township development located in Bonifacio Global City. The project figures to have a strong outlook due to demand for the location for being touted as the newest business district.