PSE Round-Up: February 20, 2013

PSE Market Summary:

The Philippine Stocks Market is up by 27.85 or .42% to close at 6,648.57. Total trades recorded were 42,561 with 72 stocks advances, 102 declines and 51 stocks unchanged.

ALI Declares Cash Dividend

Ayala Land Inc. (PSE:ALI) declared cash dividend of .147878 per share with payment date on March 19, 2013. Ex-date and Record date is Feb. 28 and Mar. 5 respectively.

WEB Declares Cash Dividend

PhilWeb Corporation (PSE:WEB) declared cash dividend of P.10 per share with payment date on March 15, 2013. Ex-date and Record date is Feb. 28 and Mar. 5 respectively. 

SMDC Net Income Up by 17.5%

SM Development Corporation (PSE:SMDC) reported consolidated net income of P4.9 billion, up by 17.5%. Revenues from real estate rose by 33%.

PSE Round-Up: November 7, 2012

PSE Market Summary:

The Philippine Stocks Market ended its two-day rally to P5,437.29, lower by 36.32 points. A total of 28,377 trades were recorded with 51 stocks advances, 114 declines and 47 remaining unchanged.

GMA7 Report P10.612 billion Net Income

GMA Network, Inc. (PSE:GMA7) posted net income of P10.612 billion for the first nine months of 2012, slightly higher thn P10.109 billion reported same period last year. GMA7 stocks closed at P8.50 for the day.

SMDC Net Income Increase by 5.7%

SM Development Corporation (PSE:SMDC) reported its net income from January to September 2012 P3.3 billion, up by 5.7% year on year. The increase was mainly due to expanded asset base and better real estate sales. SMDC shares closed at P6.30, higher by P.02 from yesterday.

TEL to Issue P5-6B Corporate Notes

Philippine Long Distance Telephone Company (PSE:TEL) intends to issue P5 to 6 billion corporate notes to refinance its existing debt. No further details have been finalized yet.

SMDC Net Income 38% Higher

SM Development Corporation (PSE:SMDC) posted a 38% increase in consolidated net income for the first half of 2012. Units sold rose sharply by 72% on stronger market demand for housing. The company presently has a total of 16 projects under construction mostly located in Metro Manila.