PSE Round-Up: February 15, 2013

PSE Market Summary:

The Philippine Stocks Market is up by 8.23 or .13%. Total trades recorded were 35,189 with 90 stocks advances, 84 declines and 39 stocks unchanged. PSEi is up by 62.97 or .97% for the week.

MPI-DMC Reduces Interest With Maynilad

Japanese company Marubeni Corp will own 20% of Maynilad Water after Metro Pacific Investments (PSE:MPI) and DM Consunji Holdings (PSE:DMC) agreed to sell some of its shares. MPI will reduce its shares by 4% while DMC will absorb the remaining 20%, but the two companies will still remain the majority owners, holding 52.8% and 25.24% after the transation for MPI and DMC respectively.

URC Posts 12% Sales Growth

Universal Robina Corporation (PSE:URC) posted sales growth of 11.8% for the first quarter of its fiscal year Oct 2011 to Dec 2012. Net sales increased to P20.098 billion from PP17.98 billion same period last year.

SCC Panian Pit Operations Meets Tragedy

Semirara Mining Corporation reported that the west wall of its Panian Pit collapsed last Feb 13 and has order to stop mining activities. At least 13 personnel are affected and 3 were confirmed dead. 

PSE Round-Up: September 21, 2012

PSE Market Summary:

The Philippine Stocks Market end the week on a 4-day slide closing at 5,292.06. PSEi started the week at 5,322.47.

MWC to Adjust Water Rates

The Manila Water Company (PSE:MWC) advises its customers that there will be a .08 per cubic meter upward adjustment due to foreign currency differential adustment (FCDA). The FCDA is a tariff mechanism to account for foreign exchange gains and losses arising from concession loans. The change has no impact on projected net income of MWC.

SCC Receives CoR from Bobog Project

Semirara Mining Corporation (PSE:SCC) received the certificate of registration for its Bobog Mine project. Said project shall function as new producer of coal on a non-pioneer status.

PLDT Issues Fixed Rate Notes

The Philippine Long Distance Telephone Co. (PSE:TEL) issued its P 8.8 billion fixed rate corporate notes to a group of institutional lenders. The securities are composed of 7-year and 10-year notes with yield of 5.6038 percent and 5.6423 percent respectively.