PSE Round-Up: November 12, 2012

PSE Market Summary:

The Philippine Stocks Market closed is up for the third straight trade, slightly increasing by 1.19 points to P5,470.70. Total trades reached 23,004 with 75 stocks advances 83 declines and 52 stocks unchanged.

PCOR Reports P932M Income for Nine Months

Petron Corporation (PSE:PCOR) realized consolidated net income of P932 million for the first nine months of 2012 despite volatile global oil markets. 3Q income reached P500 million to reverse the recorded loss posted on 2Q. PCOR stocks increased by P.04 to close at P10.78.

RFM Net Income Increase 47%

RFM Corporation (PSE:RFM) posted P440 million net income for the first nine months of 2012, up by 47% from last year. The company also accounted a 13% sales growth. RFM shares closed lower by P.04 at P4.13.

JFC Declares Cash Dividend

Jollibee Foods Corporation (PSE:JFC) issued regular and special cash dividends as follow:

regular:

cash                                       =                    P.62 per share

ex-date                                  =                    Nov. 27, 2012

record date                           =                    Dec. 3, 2012

payment date                        =                    Dec. 19, 2012                     

special:

cash                                       =                    P1 per share

ex-date                                  =                    Nov. 27, 2012

record date                           =                    Dec. 3, 2012

payment date                        =                    Dec. 19, 2012                     

CPG Reports 95% Growth

Century Properties Group, Inc. (PSE:CPG) reported 95% increase in net income to P1.4 billion for the first nine months of 2012 backed y stronger sales. CPG stocks closed at P1.43 inceasing by P.03 per share. 

RCB Net Income UP 17%

RCBC (PSE:RCB) net income for the first nine months of 2012 reached P4.8 billion or 17% higher than last period. The growth was mainly due to higher net interest income. RCB shares closed at P46.95 up by P.10 for the day.

PIP Posts 208% Growth

Pepsi-Cola Products Philippines (PSE:PIP) posted a record 208% increase in profits for the first nine-months of 2012. PIP stocks closed at P5.55. lower by .P05 for the day.

SMC Nears Deal to Sell Bank of Commerce

San Miguel Corp. (PSE:SMC) moved a step closer to finalize a deal to sell its majority stake in Bank of Commerce. It has confirmed it is currently in talks with Malaysian investors to push through with the transaction. SMC shares were unchanged to close at P109 per share.

ALI to Invest in FamilyMArt

Ayala Land, Inc. (PSE:ALI will spend P80 million to establish 30 FamilyMart stores in 2013. This will help them build their retail portfolio taking advantage of partnering with established brands/. ALI shares inched higher by P.35 to close at P23.25 per share.

PSE Stock of the Week: PIP Unveils Coconut Drink

Pepsi-Cola Products Philippines, Inc. (PSE:PIP) unveiled its latest product, Tropicana Coco Quench which it plans to sell locally and in abroad. The new drink is 100% fresh and made from real coconut, locally produced with an eight-month shelf life. The product comes in 330 ml and 1 liter tetra pak packaging and initially priced at P 30 and P 80, respectively. 

The effect of the announcement has not had a significant impact on the stocks price so far as PIP shares are only up by 1.25% from last week (stocks price closed at P 4.04), although it has significantly increased since the results of the first half earnings were released. PIP posted P577 million net income for six months, four times higher than same period last year.

PIP stocks price - 3 months

The new product release offers a good opportunity for PIP to increase its sales as the demand for fresh coconut health drink is still high specially overseas. It would give them a strong advantage over their competition on brand recall alone. The key to this product's success is how close it tastes to a real coconut juice. It may not capture the same experience in sipping the juice straight from the shell, but the taste should not differ much. According to PIP, no preservatives or added flavors were mixed into the drink. If the company can prove what it claims the product offers, then it will only be a matter of time until the stock prices of PIP start to surge.

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Disclaimer: This article is solely the opinion of the blogger 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.