PSE Round-Up: November 13, 2012

PSE Market Summary:

The Philippine stocks market ended its 3-day rally to close lower by P14.78 at P5,455.92. Total trades were down to 22,669 with 69 stocks advances, 91 declines and 52 stocks remaining unchanged.

 

PGOLD Posts 67.2% Increase in Net Income

Puregold Price Club, Inc. (PSE:PGOLD) reported net income of P1.802 billion for the nine months of 2012, up 67.2% compared to P1.078 billion same period last year. The growth was mainly due to increased sales turnover and acquisition of S&R Warehouse Club. PGOLD shares increase by P.05 to close at P29.75.

AC Profits Rise 19%

Ayala Corporation (PSE:AC) reported consolidated net income of P8.7 billion for the first nine months of 2012, 19% higher than last year. The strong earnings was mainly due to robust income from its core and non-core businesses in property, banking and water sectors. AC stocks decreased by P7 to close at P443 per share.

AGI Earnings Up 48%

Alliance Global Group, Inc. (PSE:AGI) announced its core net income to P13.46 billion in the first nine months, up 48% from P9.12 billion in the same period last year. AGI stocks closed P15 per share, up P.02 for the day.

SMB Declares Cash Dividend

San Miguel Brewery (PSE:SMB) declared cash dividend as follow:

cash                               =                      P.14 per share

ex-date                          =                      Nov. 22, 2012

record date                   =                      Nov. 27, 2012

payment date                =                      Dec. 5, 2012

ACR Revenues Up 9%

Alsons Consolidated Resources, Inc. (PSE:ACR) reported a 9% increase in the past nine months of 2012 to P2.27 billion from P2.08 billion same period last year. ACR stocks increased by P.01 to lcose at P1.40.

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.