PSE Round-Up: January 22, 2013

PSE Market Summary:

The Philippine Stocks Market declined by 66.80 or 1.08% to close at 6,104.90. Total trades reached 27,347 with 58 stocks advances, 113 declines and 43 stocks unchanged.

CHIPS Profit Rises 11%

Cirtek Holdings Philippines Corp (PSE:CHIPS) posted an 11% year-on-year growth in net profits and 9% in net sales, respectively, for the full year 2012. The increase was driven by higher customer and application-specific packages comprising 65% of its output. Meanwhile, CHIPS also sets its 2013 sales forecast to grow by 25%.

JFC to Allot P5.5B For New Stores

Jollibee Foods Corporation (PSE:JFC) will spend P5.5 billion this year to expand further its existing stores to 30 more across all its brand her and abroad. JFC expects better returns for this year in anticipation of the incoming local elections.

PSE Stock of the Week: CHIPS Catching Up With the Uptrend

Cirtek Holdings Philippines Corporation (PSE:CHIPS) has finally caught up with the upward trend. In the past two weeks, the stock has jumped by 44.41% from P11.98 on November 26 to P17.30 on December 7. 

Before the upsurge, the stock was trading sideways for the last three months. Even with the release of positive earnings outcome CHIPS did not really take off as would normally happen. Other than their reported income its stock dividend declaration may have also affected the sudden surge in the stock. 

We like CHIPS as it caters to a rare industry that continue to rapidly develop, but recent market actions may already have made the stock overbought. For a more significant upside, we suggest to wait for a major pullback at around P14-15 per share. 

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Disclaimer: This article is solely the opinion of the author based on personal research. Any statement made is not a conclusion of absolute fact and is not intended to impose or persuade anyone's judgement.

PSE Round-Up: December 7, 2012

PSE Market Summary:

The Philippine Stocks Market was up by 30.56 to close at 5,794.20. PSEi is up by 241.86 or 4.36% for the week. Total trades reached 26,180 with 74 stocks advances, 89 declines and 47 remaining unchanged.

TFC Declares Cash Dividend

Philippine Tobaco Flue-Curing and Redrying Corporation (PSE:TFC) declared cash dividend as follows:

cash                        =               P.50 per share

ex-date                   =               Dec. 18, 2012

record date            =               Dec 21, 2012

payment date         =              Not later than Jan 16, 2013

CHIPS Declares Stocks Dividend

Cirtek Holdings Philippines Corporation (PSE:CHIPS) declared cash dividend as follows:

stock                        =               P.50 per share
ex-date                   =               Dec. 18, 2012
record date            =               Dec 21, 2012
payment date         =              Not later than Jan 10, 2013

PSE Round-Up: October 15, 2012

PSE Market Summary:

The Philippine Stocks Market was up two consecutive days, increasing by 13.50 points or .25% to close at 5,383.22 Monday. Stocks advancer edged decliners, 94 to 70, while 43 stocks remained unchanged. Total trades reached 25,666.

CHIPS Partner with Sony LSI

Semiconductor manufacturer Cirtek Holdings Philippines, Corp. (PSE:CHIPS) and Sony LSI Design, Inc. have finalized business plans for the marketing, sales, distribution and manufacturing of high-end test boards used in various electronic gadgets. The potential partnership was previously reported here. CHIPS had also sets its forecast sales at $22 million for full yer 2013.

SGI Declares Cash Dividend

Solid Group, Inc. (PSE:SGI) declared cash dividend from its unrestricted retained earning with below details:

                             cash                              =                P.06 per share

                             ex-date                         =                Oct. 25, 2012

                             record date                  =                Oct. 31, 2012

                             payment date              =                On or before Nov. 28  

MER Expects Higher Income For 3Q

Manila Electric, Co. (PSE:MER) expects to exceed its P11.6 billion core income recorded at the end of nine months last year. Reports say that electricity sales volume grew 7.6% against same period last year.

RFM-Century Deal "As Good As Done"

RFM Corp. (PSE:RFM) is nearing completion on its negotiation talks with Century Canning Corp to sell its meat processing business. RFM CEO Joey Concepcion III said in an interview that the deal was "as good as done." The news of possibly selling its meat operations segment was earlier reported last week.

FMIC to Delist in PSE

First Metro Investment Corporation (PSE:FMIC) plans to delist its shares from the exchange. FMIC board of directors decided in a recent company meeting that the company plans will continue to operate as a non-listed entity.

PSE Round-Up: September 24, 2012

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%

ex-date                 Nov. 20, 2012                 
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.  

PSE Round-Up: September 17, 2012

PSE Market Summary:

The Philippine Stocks Market is up by 28.43 or .53% to close at 5,350.90. All sectors were up, led by Property (1.19%) and Industrial (.25%).

CHIPS Unveil Joint Project with Sony LSI; Declares Stocks Dividend

Cirtek Holdings Philippine Corporation (CHIPS) reports it has entered into an agreement to take on the manufacturing, maintenance and sales of test boards while Sony LSI Design, Inc. shall be responsible for marketing, sales support, R&D and cost cutting measures for Sony LSI products. Any profit shall be shared by both parties. CHIPS also declared a 20% stocks dividends, with further details to be announced.

GREEN and HC Reach Agreement on Hydropower Project

Greenergy Holdings, Incorporated (GREEN) entered into agreement to develop, manage, and operate multiple hydropower projects with Hydroring Capital BV.  HC is a Dutch company specializing in hydropower and turbine innovations.  

ALI to Withdraw Negros Project

Property developer Ayala Land, Inc. (ALI) will no longer pursue its P 6 billion Negros project it won on a government bid due to legalities beyond ALI's control. As of today, the deed of Sale and contract of lease has not been executed pending Commission on Audit's approval.  

VLL Declares Cash Dividend

Property developer Vista Land & Landscapes, Inc. (VLL) announced cash dividend declaration as follows:

cash = P .0839 per share

ex-date = Sept. 17, 2012

record date = Oct. 2, 2012

payment date = Oct. 26, 2012

BC Declares Cash Dividend

Mining company Benguetcorp Nickel Mines, Inc. (BC) cash dividend at P .12 per share. relevant dates to be announced soon.

AEV to Raise Funds Through Debt-Financing

Aboitiz Power Corporation (AEV) will seek financing agreements with banks for one of its power plant projects.The projects is expected infuse additional capacity of 1,300 MW.