PSE Round-Up: December 21, 2012

PSE Market Summary:

The Philippine Stocks Market is up for the fourth straight trade, gaining 26.20 or .45% to close at 5,823.94. Total trades reached 21,399 with 84 stocks advances, 73 declines and 50 stocks unchanged. PSEi is up by 116.83 or 2.05% week-on-week. 

FEU Secures P1T Loan

Far Eastern University (PSE:FEU) obtained a loan from BPI amounting to P1 trillion with 3.7895% interest per annum. The proceeds will be used to purchase land in Alabang for its expansion plans.

CMT Issues Cash and Property Dividends

Southeast Asia Cement Holdings Inc. declared cash and property dividends as follow:

cash                       =            P.38 per common share

ex-date                  =            Jan. 4, 2013

record date           =            Jan. 9, 2013

payment date        =            Jan. 23, 2013

property dividend  =            CMT treasury shares

ratio                        =            1 CMT treasury for every 5.93 outstanding common shares

ex-date                  =            Jan. 4, 2013
record date           =            Jan. 9, 2013
payment date        =            Jan. 23, 2013

PSE Round-Up: December 19, 2012

PSE Market Summary:

The Philippine Stocks Market was up for the second day, gaining 115.80 or 2.05% to close at 5,752.39. Total trades were down to 19,758 with 110 stocks advances, 46 declines and 59 stocks unchanged.

FEU Declares Cash Dividend

Far Eastern University (PSE:FEU) declared cash dividend as follows:

cash                      =           P12 per share

ex-date                 =           Jan. 3, 2013

record date          =           Jan 8. 2013

payment date       =           Jan. 23, 2013

TEL to Sell 80% of a Subsidiary

Philippine Long Distance Telephone Co. (PSE:TEL) is finalizing a deal to sell 80% of its BPO subsidiary, SPI Global Holdings. The transaction is expected to be finalized around January 2013.

ICT Increases Holdings in PICT

International Container Terminal Services, Inc. (PSE:ICT) purchased an additional 6,820,893 shares of Pakistan Container Terminal Ltd. The transaction will push ICT's holdings to 47.88%.