PSE Market Summary:
The Philippine Stocks Market increased by 33.54 to close at 5,325.60. All sectors were up except Services which slightly fell by .06%. Strong intraday trades near the closing bell drove the market up.
AEV Continue to Accumulate on UBP Shares
Aboitiz Equity Ventures, Inc. (PSE:AEV) bought additional 1,430,000 shares of Union Bank of the Philippines (PSE:UBP) at P 106 and P 106.50 divided equally. The accumulation of shares was reported several times here.
PNX Get High Debt Rating
Phoenix Petroleum Philippines, Inc. (PSE:PNX) received a favorable PRS Aa minus rating from Philippine Ratings Services Corporation (PHilRatings) in anticipation of a possible issuance of up to P 3 billion corporate notes. The rating means a high quality obligation and low credit risk for the holders.
REG Issues Cash Dividends
Republig Glass Holdings Corporation (PSE:REG) issued regular and special dividends as follow:
Regular Special
Cash P .015 per share P .15 per share
ex-date Oct. 22, 2012 Oct. 22, 2012
record date Oct. 25, 2012 Oct. 25, 2012
payment date Nov. 22, 2012 Nov. 22, 2012
CHIPS Release Date for Stocks Dividend Declared
Cirtek Holdings Philippines Corporation has agreed on the dates of issuance of its stocks dividends after it was announced last Sept. 17.
stock 20%
record date Nov. 23, 2012
payment date Dec. 14, 2012
FOOD Pushes for Singapore Listing
Alliance Select Foods International, Inc. (PSE:FOOD) can be the first Philippines company to be listed in Philippine and Singapore exchanges once its planned listing pushes through. The additional listing will help FOOD raise more funds for expansion and other projects.
TDY Gets Approval to Change Corporate Name
The board of directors of Tanduay Holdings, Inc. (PSE:TDY) approved today the change of its corporate name to LT Group, Inc. This is in line with the company owner Lucio Tan's plan to consolidate his holdings into one vehicle.