PSE Round-Up: November 6, 2012

PSE Market Summary:

The Philippine Stocks Market was up for the 2nd straight day from 5,457.82 to 5,473.61. Total trades were up to 28,910 with 96 stocks advances, 78 declines and 35 remaining unchanged. 

LOTO Net Income Up 58%

Pacific Online Systems Corporation (PSE:LOTO) announced their net income reached P281.2 million in the first nine months, up by 58% from P178 million same period last year. The increase was mostly driven by roll-out of new terminals and higher lotto sales. LOTO shares went down by P.04 to close at P14 per share.

TDY to Defer Airline Acquisition

Newly restructured holding company LT Group Inc. (PSE:TDY), formerly Tanduay Holdings, Inc. decided that it will defer acquiring 100% ownership in Philippine Airlines (PSE:PAL) and Air Philippines Corporation in light of recent strategic meetings. The group will pursue with the acquisition within three years when a more stable and strong performance is obtained by the airlines. All the businesses are owned by Billion tycoon Lucion Tan. TDY and PAL shares closed at P11.72 (up P.22) and P5.10 (up P.15) per share.

TEL Core Net Income Down 8%

Philippine Long Distance Telephone Company (PSE:TEL) reported core net income of P28 billion in the first nine months of 2012, down 8% from P30.6 billion same period last year. The decrease was mainly due to higher selling an promo expenses in response to more competitive environment. TEL shares were up 1.15% to P2,650 per share.

FLI Lots Price Reach New High

Lots prices at Filinvest Land, Inc. have soared in recent months, particularly in the Alabang area, attributed to the completion of Skyway extension from Sucat to Alabang. A total of 2.6 hectares have been sold to FLI buyers in 2012. FLI stocks closed at P1.63 per share, up P.09 or 5.84%.

NIKL Net Income Down 31%

Nickel Asia Corporation (PSE:NIKL) reported its net income for nine months at P2.24 billion, down 31% from P3.26 billion same period last year. The decline was mainly due to lower prices of nickel ore. NIKL shares were up by P.04 to close at P17.20.

PSE Round-Up: October 12, 2012

PSE Market Summary:

The Philippine Stocks Market was up by 16.25 points to close at 5,369.72. The PSEi was down by 1.29% from 5,439.84 for the week. 89 stocks advanced and 74 closed lower, with 34 stocks remaining unchanged. Total trades reached 22,799.

TEL Acquires IP Converge

Philippine Long Distance Telephone Company (PSE:TEL) announced that its subsidiary ePLDT, Inc. has acquired 100% outstanding capital stocks of IP Converge Data Services, Inc. IP Converge operates as an internet data center and cater to managing data and cloud services.

AC to Increase Stake in BPI

Ayala Corporation (PSE:AC) will acquire an additional 10.4% ownership interest in the Bank of the Philippine Islands (PSE:BPI) from DBS Bank, Ltd. Both companies are owned by the Zobel de Ayala clan. 

NIKL Shipment Volume Up 16%

Nickel Asia (PSE:NIKL) sold an Aggregate of 9.56 wet metric tons of nickel ore as of Sept. 30, 2012, up by  16% from same period last year. The estimate value of the sale declined to P9.24 billion from P 9.83 billion due to lower nickel prices.