PSE Round-Up: February 6, 2013

PSE Market Summary:

The Philippine Stocks Market was down by 39.14 or .60% to close at 6,431.35. Total trades reached 39,567 with 85 stocks advances, 91 declines and 43 stocks unchanged. 

GLO Posts P10.3B Gain; Declares Dividend

Globe Telecom, In. (PSE:GLO) reported a full year core net income of P10.3billion, up by 2% from P10 billion in 2012. Consolidated revenues were up by 6% to P82.7 billion, but marketing and subsidy expenses went up by 13%. GLO also declared cash dividend of P33.50 per share wih ex-date on Feb. 14, 2013 and payable on Mar. 12, 2013.

PSE Round-Up: November 22, 2012

PSE Market Summary:

The Philippine Stocks Market ended its four-day rally to pull back by 20.81 to P5,513.37. Trades were lowered to 25,265, with 47 stocks advances, 10 declines and 59 stocks remaining unchanged.

RLT to Launch North Skyline Project

Philippine Realty & Holdings Corporation will launch the second tower of the Andrea North Skyline, a P2 billion 32-storey high-end residential tower in New Manila, Quezon City. The tower will offer 278 units with sizes ranging from 50 sqm to 180 sqm.

NTC Reaches Decision on Alleged Telco Overcharges

The National Telecommunications Commission has issued an order to telephone operators Globe (PSE:GLO) and PLDT-Smart (PSE:TEL) to:

1. reduce its regular SMS retail price to other networks from P1 to P.80

2. refund its subscribers the excess charge

3. pay a fine of P200 per day beginnning Dec. 1, 2011 until date of compliance

4. immediately submit within 15 days records of compliance and mode of refund

The telephone companies are still studying legal options in relation to the decision.

AC to invest in Vietnam

Ayala Corporation (PSE:AC) have entered into an agreement with a Vietnam corporation to invest in infrastructure projects in Vietnam. AC will hold at controlling interest at 51% from the joint venture.

CHI and CPV Declares Cash Dividend

Cebu Holdings Inc. (PSE:CHI) and Cebu Property Ventures (PSE:CPV) declared cash dividend as follow:

cash                              =                     P.10 per share; P.12 per share

ex-date                         =                     Dec. 4, 2012

record date                  =                     Dec. 7, 2012

payment date              =                      Dec. 21, 2012

PSE Round-Up: November 9, 2012

PSE Market Summary:

The Philippine Stocks Market was up for the second straight trade. PSEi increased by 44.38 points or .82% for the week. Total trades reached 26,090 with 79 stocks advances, 79 declines  and 56 stocks unchanged. 

GLO Core Net Income Up 7%

Globe Telecom, Inc. (PSE:GLO) reported core net income of P8.8 billion in the first nine months of 2012, up 7% from P8.2 billion the previous year. The improvement was mainly due to gains in mobile and fixed line broadband segments. GLO shares declined by P2 to P1,143.

MFC Report $227M Loss, Issues Dividend

Manulife Financial (PSE:MFC) absorbed a $1 billion charge related to actual review of actuarial assumptions. This resulted to a net loss of $227 million for the third quarter. MFC shares closed higher by 2% at P460. Dividend declaration was also made with below details:

cash                                 =                           C$.13 per common share

ex-date                            =                           Nov. 15, 2012

record date                     =                           Nov. 20, 2012

payment date                 =                           On or after Dec 19, 2012

SLF Net Income Reach $383 million 

Sun Life Financial (PSE:SLF) reported its net income to reach $383 million for 3Q2012 from a reported loss of $621 million. The positive growth was mainly due to increased premium and deposits. SLF shares closed at P955. 

cash                                 =                           C$.36 per common share
ex-date                            =                           Nov. 23, 2012
record date                     =                           Nov. 28, 2012
payment date                 =                           Dec 31, 2012


MWC Core Net Income Increase by 26%

Manila Water Corporation announced its core net income is up by 26%. MWC shares closed at P29.55, unchanged from previous trade.

PSE Round-Up: November 5, 2012

PSE Market Summary:

The Philippine Stocks Market increased by 33.31 points or .61% to close at 5,457.82. A total of 27,177 trades were recorded with 93 stocks advances, 71 declines and 43 remaining unchanged.

MBT Reports 15.2% Increase in Net Income

Metropolitan Bank & Trust Company (PSE:MBT) disclosed its consolidated net income at P10.2 billion for the first nine months of 2012, up from P8.9 billion or 15.2% higher than last year. The increase was supported by 11.7% increase in fee-based non-interest income. MBT shares went up P3 to close at P98 in today's trade.

GLO Eyes Bayan Telecom

Officials of Globe Telecom, Inc. (PSE:GLO) confirmed talks with Lopez-owned Bayan Telecommunications for a possible acquisition. The move if pushed through will enable both companies to be more competitive in the industry, although no definite agreement is reached. GLO stocks went from 1,14 to 1,144 to close today's trade.

PF Intends to Remain Listed

San Miguel Pure Foods Co., Inc. (PSE:PF) hope to raise as much as $400 million from overseas equity offering to maintain its listed status in PSE. The stocks exchange require all entities to retain a 10% minimum public ownership to remain listed. PF shares were down 22.22% from P900 to P700 per share.

JGS Plan to Loan for Expansion

JG Summit Holdings, Inc. (PSE:JGS) plan to apply for a $250 million five-year term loan. The amount will be used to expand its food manufacturing, property and airline business outside the country. JGS shares were down P.30 to close at P32.70.

WEB Net Income Up 24%

Philweb Corp (PSE:WEB) Net income for the first nine months amounted to P681 million, higher by 24% from same period last year. The positive result was attributed to its scratch card business in Cambodia, Timor Leste and Guam.

BDO Nine-Month Profit Up 38%

BDO Unibank, Inc. (PSE:BDO) reported net income for the first nine months at P10.5 billion, up 38% from P7.6 billion same period last year. The increase was due to expanded loans and improved net interest income. BDO shares closed P64.35, up .55% for the day.  

PSE Round-Up: September 25, 2012

PSE Market Summary:

The Philippine Stocks Market was slightly down by .01 to close at 5,325.17. Intraday trading were down by noon but recovered before market closed.

GLO Signs P 2B Loan Facility

Globe Telecom (PSE:GLO) signed a P 2 billion term loan facility with Philippine American  Life and General lnsurance Company, The Insular Life Assurance Company, Ltd. and Sunlife of Canada (Philippines), Inc. Loan proceeds will be used to refinance company debts and fund capital expenditure requirements. The move takes advantage of prevailing low interest rates.

WEB Declares Cash Dividend

Philweb Corporation (PSE:WEB) announced the declaration of dividends as follows:

Cash                        P .10 per share

ex-date                    Oct. 3, 2012

record date             Oct 8, 2012

payment date          Oct. 15, 2012

PHES in Final Stage for Potential ALI Tie-Up

Philippine Estates Corp. (PSE:PHES) confirms that it is in the final stage of negotiations in  possible tie-up with Ayala Land, Inc. (PSE:ALI) to develop Metrotech Industrial Park located in Valenzuela. ALI has been active in growing its land bank for further developments.

MWC Declares Cash Dividend

Manila Water Company, Inc. (PSE:MWC) announced the declaration of dividends as follows:

Cash                        P .298 per outstanding common share
ex-date                    Oct. 4, 2012
record date             Oct 9, 2012
payment date          Nov. 16, 2012


BDO to Raise Funds with LTNCDs

BDO Unibank, Inc. (PSE:BDO) plan to issue up to P 5 billion worth of long term negotiable certificates of deposit to support its medium term objectives. The LTNCDs will carry a maturity of seven years. 


SMC and TDY in Talks for Possible Joint Venture

San Miguel Corp (PSE:SMC) and Lucio Tan's LT Group (PSE:TDY) is in talks for a possible oint venture in building an airport akin to Ninoy Aquino International Airport. This shall address the requirements of Philippine Airlines, Inc. and Air Philippines Corp. 

PSE Round-Up: August 28, 2012

Market Summary:

The Philiipine Stocks Exchange closed at 5,175.62 higher by 32.27 points or .63% from friday's close. Most sub-indices closed in the green, led by Property (2.45%) and Holding firms (1.02%). ETON led the advancers surging by 28.90% to close at 4.55 per share. 

FGEN and MER in Talks for Possible Partnership

Meralco PowerGen Corp. and First Gen Corp. confirmed initial talks for a possible partnership to build a Batangas gas project. The natural gas-fired power in San Gabriel is estimated to generate up to 500 megawatt.

ALI Issues Bonds, Declares Dividends

Property developer Ayala Land Corporation approved in its board meeting today the issuance of up to P3 billion bonds with 3-year maturity. The proceeds could be used to fund its FTI acquisition. The company also declared cash dividend with below details:

Cash = P .10385223 per common share

ex-date = Sept. 12, 2012

record date = Sept. 17, 2012

payment date  = Oct. 8, 2012

ANI to Allocate Resources for Expansion

Agribusiness firm Agrinurture Inc. confirmed reports to allocate around P1 billion to help augment rice output in the Philippines. Meanwhile, its Big Chill fruit shake business look to expand overseas eyeing Hong Kong as a prime location to open several stores.

PNOC and DOE agree for Sub-Phase Extension

The Department of Energy has approved the 12-month extension request of PNOC Exploration Corporation to complete its Sub-Phase 2 (SP2) project. This will give the company more time to secure a rig and prepare the drilling of the Apribada project.

Series 2 SMC Prefererred Shares Selling Period Extended

San Miguel Corporation announced that it will extend the selling of its Series 2 preferred shares  until Sept. 4. HSBC is the sole issue manger for the offering.

GLO Allocates $ 400 million Capex

Communications company Globe Telecom, Inc. confirmed it will set aside $ 400 million for capital expenditure (capex) in 2013. The budget will help finance its bankroll telco operations and and completion of its network modernization program.

LRI to Expand Cement Production Capacity

Cement and constrution company Lafarge Republic, Inc. target to supply around 1,000 kilo tons  

of cement per year by adding production capacity. . This will to help boost strong demand and lessen the backlog as construction projects continue to grow.

PGOLD Target 71% Increase in Net Profit

Retailer Puregold Price Club, Inc. remain optimistic as it expects 71% year-on-year increase in net profit. The calculations were based on revised guideline on forecast and strong reception from customers.

Globe Posts 6% Increase in Income

Globe Telecom, Inc. (PSE:GLO) reported P40.8 Billion consolidated revenues, 6% higher than P38.4 Billion posted last year. Its mobile business continue to sustain growth with revenues of P33.3 Billion. Broadband revenue was up 13% year-on-year to P4.1 Billion. 

The company issued Cash Dividend in line with its profits.

Globe Issues Cash Dividend

The Board of Directors of Globe Telecom, Inc (PSE:GLO) announced the declaration of cash dividend with details below:

Cash = P 32.50 per common share

Ex-date  Aug. 22, 2012

Record Date Aug. 28, 2012

Payment Date Sept. 18, 2012