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 31, 2012

PSE Market Summary:

The Philippine Stocks Market slightly declined by 2.16 to close at 5,424.51. Total trades were only 22,854 with 87 stocks advances, 75 declines and 48 stocks unchanged.

PX Core Net Income Down 43%

Philex Mining Corporation (PSE:PX) announced its core net income for the nine months of 2012 amounted to P2.26 billion, lower by 43% from P3.975 billion same period last year. The decline was due to the voluntary suspension of its Padcal mine in Benguet caused by heavy rains. PX shares were up by P.04 to close at P15 today. 

TDY Completes 100% Acquisition of Lucio Tan's Properties; Issues First Consolidated Report

Lucio Tan Group of Companies, Formerly Tanduay Rhum, Inc. (PSE:TDY) completed 100% acquisition of Tycoon Lucio Tan's equity interests in FortueTobacco Corp; Asia Brewery Inc.; Paramount Land Equities Inc; and Saturn Holdings Inc. TDY also issued its first consolidated report, posting P5.7 billion in net income for the nine months of 2012. TDY closed higher by P.10 to P11.50 today.

SMC Pursues Talks to Acquire Solar

San Miguel Corporation confirmed reports of discussion for possibly acquiring media company Solar Entertainment Corp. No definite agreements have been set as of this date. 

ALI Issues P1B Fixed Rate Bonds

Ayala Land, Inc. issued P1 billion worth of its fixed-rate "homestarter bonds". This represents the aggregate P3 billion registered and approved for sale to the public. The bond will carry a coupon rate of 5% per annum with 3 years maturity. ALI stocks closed higher by P.05 to P23.55 today.

PSE Round-Up: October 10, 2012

PSE Market Summary:

The Philippine Stocks Market was down by four consecutive trades to close at 5,369.60. Total trades were only 23,508 with 66 stocks advances, 84 declines and 56 remaining unchanged.

TDY Gets Approval on Capital Stock Increase

Tanduay Holdings, Inc. (PSE:TDY) received confirmation on the approval of its authorize capital stock from P 5 billion divided into 5 billion shares to P 25 billion into 25 billion shares. This effectively increases TDY's equity.

AEV Purchase Additional UBP Shares

Aboitiz Equity Ventures (PSE:AEV) bought a total of 1,337,750 shares of Union Bank of the Philippines (PSE:UBP) at an average price of P 105.5 to P 106.40 per share.

PHC Plans to Develop Resort

Philcomsat Holdings Corporation plans to develop the Montemar Beach Club located in Bataan. It's mother company, Philippine Communications Satellite Corp (Philcomsat) is currently looking for funding to pursue with the plans.

PSE Round-Up: October 2, 2012

PSE Market Summary:

The Philippine Stocks Market advanced by .76% or 40.16 to close at 5,3448.68. All sectors were up, led by holding firms and property. 

MWC Signs Loan Agreement With Landbank

Manila Water Company, Inc. (PSE:MWC) agreed to sign a 25-year term loan with the Land Bank of the Philippines. The loan amounting to $ 137.5 million shall be used to partially finance the north and south Pasig sewerage system project of MWC.

ALI Acquires Interests with Raffles Project

Ayala Land Hotels & Resorts Corporation (AHRC), a wholly owned subsidiary of Ayala Land, Inc. (PSE:ALI) acquired the interests of Kingdom Hotel investments (KHI) in the Fairmont Hotel and Raffles residences project in Makati. KHI agreed to sell interest and outstanding shares it holds in exchange for $ 24.11 million paid by AHRC. 

TDY Acquires Fortune Tobacco Corporation

Tanduay Holdings, Inc. (PSE:TDY) acquired 82.32% interest of Fortune Tobacco Corporation via subscription of shares. TDY subscribed to 1.3 billion common shares fully paid in cash.

DENR Releases Adverse Findings to PX

The Environmental Management Bureau of the DENR has released an adverse opinion relating to the tailing ponds leak. Based on the findings, PX violated the environmental clearance certificate policy whih states that: "pond effluent discharges shall conform with the standards set under the Clean Water Act of the Philippines.

PSE Round-Up: September 25, 2012

PSE Market Summary:

The Philippine Stocks Market was slightly down by .01 to close at 5,325.17. Intraday trading were down by noon but recovered before market closed.

GLO Signs P 2B Loan Facility

Globe Telecom (PSE:GLO) signed a P 2 billion term loan facility with Philippine American  Life and General lnsurance Company, The Insular Life Assurance Company, Ltd. and Sunlife of Canada (Philippines), Inc. Loan proceeds will be used to refinance company debts and fund capital expenditure requirements. The move takes advantage of prevailing low interest rates.

WEB Declares Cash Dividend

Philweb Corporation (PSE:WEB) announced the declaration of dividends as follows:

Cash                        P .10 per share

ex-date                    Oct. 3, 2012

record date             Oct 8, 2012

payment date          Oct. 15, 2012

PHES in Final Stage for Potential ALI Tie-Up

Philippine Estates Corp. (PSE:PHES) confirms that it is in the final stage of negotiations in  possible tie-up with Ayala Land, Inc. (PSE:ALI) to develop Metrotech Industrial Park located in Valenzuela. ALI has been active in growing its land bank for further developments.

MWC Declares Cash Dividend

Manila Water Company, Inc. (PSE:MWC) announced the declaration of dividends as follows:

Cash                        P .298 per outstanding common share
ex-date                    Oct. 4, 2012
record date             Oct 9, 2012
payment date          Nov. 16, 2012


BDO to Raise Funds with LTNCDs

BDO Unibank, Inc. (PSE:BDO) plan to issue up to P 5 billion worth of long term negotiable certificates of deposit to support its medium term objectives. The LTNCDs will carry a maturity of seven years. 


SMC and TDY in Talks for Possible Joint Venture

San Miguel Corp (PSE:SMC) and Lucio Tan's LT Group (PSE:TDY) is in talks for a possible oint venture in building an airport akin to Ninoy Aquino International Airport. This shall address the requirements of Philippine Airlines, Inc. and Air Philippines Corp. 

PSE Round-Up: September 24, 2012

PSE Market Summary:

The Philippine Stocks Market increased by 33.54 to close at 5,325.60. All sectors were up except Services which slightly fell by .06%. Strong intraday trades near the closing bell drove the market up.

AEV Continue to Accumulate on UBP Shares

Aboitiz Equity Ventures, Inc. (PSE:AEV) bought additional 1,430,000 shares of Union Bank of the Philippines (PSE:UBP) at P 106 and P 106.50 divided equally. The accumulation of shares was reported several times here.

PNX Get High Debt Rating

Phoenix Petroleum Philippines, Inc. (PSE:PNX) received a favorable PRS Aa minus rating from Philippine Ratings Services Corporation (PHilRatings) in anticipation of a possible issuance of up to P 3 billion corporate notes. The rating means a high quality obligation and low credit risk for the holders.

REG Issues Cash Dividends

Republig Glass Holdings Corporation (PSE:REG) issued regular and special dividends as follow:

                              Regular                            Special

Cash                     P .015 per share            P .15 per share

ex-date                 Oct. 22, 2012                  Oct. 22, 2012

record date          Oct. 25, 2012                  Oct. 25, 2012

payment date       Nov. 22, 2012                 Nov. 22, 2012

CHIPS Release Date for Stocks Dividend Declared

Cirtek Holdings Philippines Corporation has agreed on the dates of issuance of its stocks dividends after it was announced last Sept. 17. 

stock                     20%

ex-date                 Nov. 20, 2012                 
record date          Nov. 23, 2012                 
payment date       Dec. 14, 2012


FOOD Pushes for Singapore Listing

Alliance Select Foods International, Inc. (PSE:FOOD) can be the first Philippines company to be listed in Philippine and Singapore exchanges once its planned listing pushes through. The additional listing will help FOOD raise more funds for expansion and other projects. 


TDY Gets Approval to Change Corporate Name

The board of directors of Tanduay Holdings, Inc. (PSE:TDY) approved today the change of its corporate name to LT Group, Inc. This is in line with the company owner Lucio Tan's plan to consolidate his holdings into one vehicle.  

STOCK OF THE WEEK: TDY Shares Price Jump 164% in 3 Weeks

In a disclosure to PSE dated July 31, 2012 Tanduay Holdings, Inc. announced that it would be the consolidation vehicle of Lucio Tan's other business interests. TDY will be renamed LT Group, Inc. and will hold controlling interests in:

a. Asia Brewery, Inc.

b. Fortune Tobacco Corporation 

c. Eton Properties Philippines, Inc.

d. Philippine Airlines, Inc.

e. Air Philippines Corporation

The restructured company would also have investments in:

a. Philippine National Bank

b. Allied Bank

A day before the announcement, TDY stock price was trading at P 5.10 per share. A day after it resumed from a voluntary trading halt the shares jumped at 7.65, the increase hampered only by the 50% limit set by the stock exchange. The next day, the stock continued to surge and close at the set limit, P11.46 per share. It reached an all time high at P 12.98 last Wednesday.

TDY share price - 1 month

From July 24 when the stock was at P 4.50 to its close yesterday, Aug. 10 at P 11.90 the stock price has increased by 164%. The extraordinary stock movement is a prime example of how investors look at their investments through its perceived value. While it is still difficult to quantify if the increase is reasonable because of uncertainty of how much interests the company will hold, the hype is fairly explainable. Lucio Tan is the second richest Filipino per Forbes' list and having a chance to invest in his holdings offer diversification to different sectors. 

I personally suggest to take some profit while the stock is still hot. Keep yourself updated because a lot of things happen in a day. For investors, it is important to take more caution specially when emotions trump actual data. In the end only time will tell if LT Group can live up to the hype. 

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.

PSE Round-Up: August 9, 2012

Trading of TDY Shares Temporarily Suspended

Tanduay Holdings, Inc. (PSE: TDY) disclosed the changes in the corporation's board of directors and equity placement by selling up to 3 Billion shares to institutional investors. Tycoon Lucio C. Tan was elected Chairman for the executive committee. The company will implement a trading halt from 9:00 - 10:00 AM tomorrow, August 10 to give the public sufficient time to digest the information disclosed.

PCOR Issues Preferred Cash Dividend

Petron Corporation declared cash dividend for its preferred shareholders with below details:

4Q2012:

Cash = P2.382 per preferred share

Ex-date  Nov. 13, 2012

Record Date Nov. 16, 2012

Payment Date Dec. 5, 2012

1Q2013:

Cash = P2.382 per preferred share

Ex-date  Feb.15, 2013

Record Date Feb 20, 2013

Payment Date Mar. 5, 2013

MPI Core Net Income Up 30%; Cash Dividend Declared

Metro Pacific Investments Corporation reported P3.46 Billion core net income up 30% from P2.66 Billion previous period last year. The increase was mainly due to higher profit contributions from investment holdings in Meralco, Maynilad and Metro tollways. The company also issued cash dividend with details below in line with its financial results.

Cash = P .012 per common share

Ex-date  Aug. 22, 2012

Record Date Aug. 28, 2012

Payment Date Sep. 21, 2012

SMB Declares Cash Dividend

San Miguel Brewery Inc. Declares cash dividend as follow:

Cash = P .14 per common share

Ex-date  Aug. 23, 2012

Record Date Aug. 29, 2012

Payment Date Sep. 10, 2012

Phoenix Petroleum 1st Half Revenue Up 21%

Phoenix Petroleum Philippines, Inc. announced revenues of P17 Billion in 1H2012, up 21% from P14 Billion reported same period last year. The higher income was driven by increase in sales volume of refined petroleum products and higher fuel charges. Full report can be viewed here.

MBTC Posts 21% Growth

Metrobank and Trust Company (PSE:MBTC) reported P7.4 Billion consolidated income, up 21% from P6.1 Billion same period last year. Increase in the core revenues and reduction of costs were the main drivers for the strong performance. Full report can be found here.

Philex' Padcal Mine Remains Suspended

Philex Mining Corporation's Padcal Mine in Benguet Province will remain suspended until further inspection and safety is assured. It was previously reported that PX stopped its operations in the said plant due to sediment leaks caused by rain but were later contained after 48 hours.