PSE Round-Up: February 5, 2013

PSE Market Summary:

The Philippine Stocks Market was up for the third straight trade, moving up by 34.51 or .54% to close at 6,470. Total trades reached 35,154 with 87 stocks advances, 84 declines and 48 stocks unchanged. 

SECB Posts P7.5B Net Income

Security Bank (PSE:SECB) reported an all time high of P7.5 billion net income. The positive result was mainly due to customers loans growing by 30% and deposits increasing by 19%.

TEL to Sell its BPO to CVC

Philippine Long Distance Company (PSE:TEL) entered into an agreement to sell its business process outsourcing unit SPi Global Holdings, Inc to CVC Capital Partners. The transaction is expected to be complete by March with TEL retaining 20% ownership.

PSE Round-Up: November 14, 2012

PSE Market Summary:

The Philippine Stocks Market was down for the second day, closing slightly lower at 5,451.09. Total trades were down to 21,826 with 81 stocks advances, 67 declines and 51 stocks unchanged.

SMC Confirms talks with Cayman Airways

San Miguel Corporation (PSE:SMC) confirmed they are in talks with the Government of Cayman Islands to pursue a possible investment in Cayman Airways. SMC is said to have offered $25 million which will give them 49% controlling interest should the negotiations push through.

JFC Profits Up 19%

Jollibee Foods Corporation (PSE:JFC) reported net income of P881.7 million for the third quarter of 2012, up by 18.9% from same period last year. Main drivers were sales growth in businesses overseas. JFC shares closed at P105.7 per share, up by P.70 for the day.

RFM Declares Cash Dividend

RFM Corporation (PSE:RFM) declared cash dividend as follow:

cash                          =          P.02434 per share

ex-date                     =          Nov. 23, 2012

record date              =          Nov. 28, 2012

payment date           =         Dec. 26, 2012

FLI Net Income Increase 18%

Filinvest Land, Inc. (PSE:FLI) announced its net income for the first nine months of 2012 roseby 18% to P1.967 billion, up from P1.661 billion generated same period last year. The growth was fueled by increase in real estate sales. FLI stocks were down P.1 to 1.58 per share.

SECB Net Income Up 55%

Security Bank Corporation (PSE:SECB) reported an increase in third quarter results to P6.2 billion, up by 55% from same period last year. The result was mainly driven by growth in loans portfolio and deposits. SECB shares closed at P161.90, down by P.10 for the day.

PNX Posts 19% Growth

Phoenix Petroleum Philippines, Inc. (PSE:PNX) posted a 19% growth in revenue to P24.90 billion in the first nine months from P20.90 billion last year. PNX stocks were up P.07 to P8.55 per share.

PSE Round-Up: October 3, 2012

PSE Market Summary:

The Philippine Stocks Market is up for the second straight day, increasing by 26.84 or .50% to close at 5,375.52. A total of 22,786 trades were recorded, with 68 advancers, 84 decliners, and 55 stocks remaining unchanged.

PAL to Buy 10 Additional Planes

PAL Holdings Inc (PSE:PAL) plans to buy 10 wide-bodied planes as part of its Fleet modernization and refleeting program. PAL is estimated to spend $2.5 billion for the future acquisition.

SECB Declares Cash Dividend

Security Bank Corporation (PSE:SECB) declared regular and special cash dividends as follows:

Regular:

cash                   P.50 per share

ex-date              Oct. 12, 2012

record date       Oct. 17, 2012

payment date    Nov. 14, 2012

Special:
cash                   P.50 per share
ex-date              Oct. 12, 2012
record date       Oct. 17, 2012
payment date    Nov. 14, 2012

SM to Issues USD Bonds

SM Investments Corporation (PSE:SM) announced it the planned issuance of seven and ten-year USD bonds. The offer aims to lengthen the company's debt profile and take advantage of favorable interest environment.

BHI Behind Schedule on Puerto Gallera Project

Boulevard Holdings Inc. (PSE:BHI) reported that Friday's Puerto Gallera Inc. hotel construction is behind on schedule by four weeks due to heavy rains and flooding. The projects turnover is move from January 2013 to February 2013.

GTCAP Continue Expansion in Visayas

Global Business Power Corporation, a subsidiary of GT Capital Holdings, Inc. (PSE:GTCAP) exercised its option to construct third 82 MW of clean power plant in La Paz, Iloilo. The company proceeded with the expansion in anticipation of power demand in the area.