PSE Round-Up: January 11, 2013

PSE Market Summary:

The Philippine Stocks Market was up by 33.18 or .55% to close at 6,051.75. Total trades reached 27,142 with 116 stocks advances, 52 declines and 42 unchanged. PSEi is up by 80.3 or 1.34% week-on-week.

JGS to Issue Fixed Rate Notes

JG Summit Holdings, Inc. (PSE:JGS) will issue US denominated fixed rate notes subject to favorable market conditions. The extent of participation is yet to be determined.

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 13, 2012

PSE Market Summary

The Philippine Stocks Exchange increased by 33.40 or .64% to close at 5,240.50. All sectors were up, except for Property which declined by .45%. Mining & Oil (2.29%) and Financials (1.11%) led the advancers.

PX Can Face Fine Up to P 1 Billion

The Department of Environment and Natural Resources (DENR) is reportedly set to impose double or triple the P325 million fine initially computed for the leaks on its tailing ponds plus a P 200,000 per day penalty starting when the leak occurred on August 1. In all, PX could end up paying P 975 million plus P 8.5 million for the daily fine. The company declined to comment on the assessment until they received the formal communication from DENR.

IPO Declares Cash Dividend

iPeople Inc. (IPO) declared cash dividend today with below details:

Cash = P .6 per common share

Ex-date = Oct. 8, 2012

Record date = Oct. 11, 2012

Payment date = Oct. 26, 2012

JGS Keeps Aaa Rating on P9 Billion Bonds

Conglomerate JG Summit Holdings, Inc. (JGS) managed to keep its credit of Aaa from PhilRatings Services for its P9 billion fixed retail bonds due in 2014. The rating is the highest assigned by the credit agency which exemplifies sound capitalization, strong liquidity, good management and solid market position of its business.

GTCAP Declares Cash Dividend

GTCapital Holdings, Inc. (GTCAP) declared cash dividend today with below details:

Cash = P 3.17 per share
Ex-date = Sept. 25, 2012
Record date = Sept. 28, 2012
Payment date = Oct. 22, 2012

PSE Round-Up: September 5, 2012

Market Summary:

The Philippine stocks exchange index was lower by 25.06 or .48% from the previous day to close at 5,150.81. All sub-indices closed lower, led by Property (.75%) and Holding Firms (.62%).

JG Summit Listed in Forbes' Fab 50

Conglomerate JG Summit Holdings, Inc. (PSE:JGS) made Forbes magazine's annual listing of the best publicly traded firms in Asia for the second straight year. Forbes recognized the companies included in the list to "have managed to thrive amid decelerating growth in Asia and all but nonexistent growth in their US and European markets." JGS is the holding company of the prominent Gokongwei family which includes Universal Robina Corporation (PSE:URC), Cebu Pacific, Air (PSE:CEB) and Robinsons Land Corp (PSE:RLC).