PSE Round-Up: January 7, 2013

PSE Market Summary:

The Philippine Stocks Market was up by 73.46 or 1.23% to open the week. Total trades reached 30,491 with 107 stocks advances, 71 declines and 39 unchanged. 

RLC Sets P20B Capex in 2 Years

Robinsons Land Corporation (PSE:RLC) has set its capital expenditure program of P20 billion over two years to expand its mall portfolio and build residential projects. RLC plans to open four new malls this year and another three in 2014.  

ACR Expects 24% Income Increase

Alsons Consolidated Resources (PSE:ACR) is expected to hit P567.2 million in net income for 2012, 24% higher than the P455.9 million posted in 2011. The increase is attributed to other income earned on pipeline projects.

PSE Round-Up: December 26, 2012

PSE Market Summary:

The Philippine Stocks Market was up for the fifth straight trade, gaining 8.89 or .15% to 5,832.83. Total trades were down to 14,254 with 92 stocks advances, 60 declines and 51 stocks unchanged.

RLC, ALI Eyes Bonifacio South

Robinsons Land Corporation (PSE:RLC) and Ayala Land, Inc. (PSE:ALI) expressed interest in the bidding of the P13.3 billion Bonifacio South property in Taguig City. The 33.1 hectare land, currently occupied by the Army Support Command and Special Services Unit of the Philippine Army is scheduled for bid out in February. 

PSE Round-Up: December 13, 2012

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

PSE Round-Up: October 18, 2012

PSE Market Summary:

The Philippine Stocks Market ended its four-day rally to close at 5,435.94, lower by 2.44 or .04%. Total trades reached 29,840 with 70 advances, 90 declines and 42 stocks remaining unchanged.

RLC In Talks with Japanese Tycoon for a Project

Robinsons Land Corp. (PSE:RLC) the property arm of billionaire John Gokongwei, confirmed that it is currently in talks with Japanese Tycoon Kazuo Okada for a joint development project that may consist of casino, hotel and retail properties. RLC hopes to infuse a significant investment although no definite agreements have been made.

MWC Acquires PT Pam

Manila Water Company, Inc. (PSE:MWC) has acquired 51% of PT Pam Lyonnaise Jaya through a share purchase agreement with Suez Environment, current owner of the shares. PT Pam operates water concessions in Jakarta since 1997 under a contract agreement with the government. The acquisition is still subject for government and regulatory approvals in Indonesia.

EDC to Study Potential Chile Project

Energy Development Corp. (PSE:EDC) will fund as many as six South American projects being developed by Alterra Power Corp. Under the agreement between EDC and Alterra, EDC will have the exclusive right to conduct exploration and has the sole option to advance the projects to a joint venture stage should they find it viable.

TEL Issues 150M Voting Shares

Philippine Long Distance Telephone Company (PSE:TEL) issued 150 million voting preferred shares to BTF Holdings, Inc. BTF is a wholly owned company created for the account of the Beneficial Trust Fund pursuant to TEL's benefit plan.

BMM Declares Cash Dividend

Bogo-Medellin Milling Co. (PSE:BMM) declared cash dividend with details as follows:

cash                            =                 P2.50 per share

ex-date                       =                 Oct. 29, 2012

record date                =                 Nov. 5, 2012

payment date            =                 Nov. 26, 2012