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: December 19, 2012

PSE Market Summary:

The Philippine Stocks Market was up for the second day, gaining 115.80 or 2.05% to close at 5,752.39. Total trades were down to 19,758 with 110 stocks advances, 46 declines and 59 stocks unchanged.

FEU Declares Cash Dividend

Far Eastern University (PSE:FEU) declared cash dividend as follows:

cash                      =           P12 per share

ex-date                 =           Jan. 3, 2013

record date          =           Jan 8. 2013

payment date       =           Jan. 23, 2013

TEL to Sell 80% of a Subsidiary

Philippine Long Distance Telephone Co. (PSE:TEL) is finalizing a deal to sell 80% of its BPO subsidiary, SPI Global Holdings. The transaction is expected to be finalized around January 2013.

ICT Increases Holdings in PICT

International Container Terminal Services, Inc. (PSE:ICT) purchased an additional 6,820,893 shares of Pakistan Container Terminal Ltd. The transaction will push ICT's holdings to 47.88%.  

PSE Round-Up: November 22, 2012

PSE Market Summary:

The Philippine Stocks Market ended its four-day rally to pull back by 20.81 to P5,513.37. Trades were lowered to 25,265, with 47 stocks advances, 10 declines and 59 stocks remaining unchanged.

RLT to Launch North Skyline Project

Philippine Realty & Holdings Corporation will launch the second tower of the Andrea North Skyline, a P2 billion 32-storey high-end residential tower in New Manila, Quezon City. The tower will offer 278 units with sizes ranging from 50 sqm to 180 sqm.

NTC Reaches Decision on Alleged Telco Overcharges

The National Telecommunications Commission has issued an order to telephone operators Globe (PSE:GLO) and PLDT-Smart (PSE:TEL) to:

1. reduce its regular SMS retail price to other networks from P1 to P.80

2. refund its subscribers the excess charge

3. pay a fine of P200 per day beginnning Dec. 1, 2011 until date of compliance

4. immediately submit within 15 days records of compliance and mode of refund

The telephone companies are still studying legal options in relation to the decision.

AC to invest in Vietnam

Ayala Corporation (PSE:AC) have entered into an agreement with a Vietnam corporation to invest in infrastructure projects in Vietnam. AC will hold at controlling interest at 51% from the joint venture.

CHI and CPV Declares Cash Dividend

Cebu Holdings Inc. (PSE:CHI) and Cebu Property Ventures (PSE:CPV) declared cash dividend as follow:

cash                              =                     P.10 per share; P.12 per share

ex-date                         =                     Dec. 4, 2012

record date                  =                     Dec. 7, 2012

payment date              =                      Dec. 21, 2012

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.

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 30, 2012

PSE Market Summary:

The Philippine Stocks Market rallied toward the end of day to close higher by 29.25 at 5,426.67 points. Total trades recorded were only 24,600 with 84 stocks advances, 78 declines and 43 stocks unchanged.

BPI Posts 37% Increase

Bank of the Philippine Islands (PSE:BPI) reported a net income of P13.2 billion for the first nine months, up 37% same period last year. The strong performance was mainly due to the increase in interest income, up by 17%. BPI stocks closed at P83.30, up by P.20 for the day.

FMIC Net Inome up 47%

First Metro Investment Corporation (PSE:FMIC) reported consolidated net income of P2.6 billion as of end of third quarter from P1.8 billion or 47% higher than last year. The increase was mainly due to higher interest income from fixed securities, trading gains, distribution fee income and brokerage fees.

TEL Receives Moody's Upgrade to Baa2

The Philippine Long Distance Telephone Company (PSE:TEL) received credit rating upgrade from Moody's from Baa3 to Baa2. The rating upgrade signifies a stable outlook and PLDT's dominant market position, strong financial metrics, and excellent liquidity". TEL shares were up by P22 to close at P2,656 today.

ALI Launches Redeveloped Glorietta

Ayala Land, Inc. (PSE:ALI) announced the launnch of the redeveloped Glorietta mall including the surrounding residential, hotel and office projects in Ayala Center. The redevelopment is estimated to cost around P3.1 billion which will open by December. ALI stocks was down P.15 to P23.50 to close the day.

LR Acquires 50% of Midas Hotel Operator

Leisure and Resorts World Corporation (PSE:LR) signed a preliminary agreement to acquire 50% of Hotel Enterprises of the Philippines, Inc. which owns and operates the Midas Hotel and Casino in Roxas Boulevard. LR stocks were up P.48 to P9.68 to close the day, after a one-hour voluntary trading halt.  

PRC Declares Cash Dividend

Philippine Racing Club declared dividend as follows:

cash                         =                      P.05 per share

ex-date                    =                      Nov. 23, 2012

record date             =                      Nov. 28,2012

Payment date         =                      Dec. 21, 2012

PSE Round-Up: October 18, 2012

PSE Market Summary:

The Philippine Stocks Market ended its four-day rally to close at 5,435.94, lower by 2.44 or .04%. Total trades reached 29,840 with 70 advances, 90 declines and 42 stocks remaining unchanged.

RLC In Talks with Japanese Tycoon for a Project

Robinsons Land Corp. (PSE:RLC) the property arm of billionaire John Gokongwei, confirmed that it is currently in talks with Japanese Tycoon Kazuo Okada for a joint development project that may consist of casino, hotel and retail properties. RLC hopes to infuse a significant investment although no definite agreements have been made.

MWC Acquires PT Pam

Manila Water Company, Inc. (PSE:MWC) has acquired 51% of PT Pam Lyonnaise Jaya through a share purchase agreement with Suez Environment, current owner of the shares. PT Pam operates water concessions in Jakarta since 1997 under a contract agreement with the government. The acquisition is still subject for government and regulatory approvals in Indonesia.

EDC to Study Potential Chile Project

Energy Development Corp. (PSE:EDC) will fund as many as six South American projects being developed by Alterra Power Corp. Under the agreement between EDC and Alterra, EDC will have the exclusive right to conduct exploration and has the sole option to advance the projects to a joint venture stage should they find it viable.

TEL Issues 150M Voting Shares

Philippine Long Distance Telephone Company (PSE:TEL) issued 150 million voting preferred shares to BTF Holdings, Inc. BTF is a wholly owned company created for the account of the Beneficial Trust Fund pursuant to TEL's benefit plan.

BMM Declares Cash Dividend

Bogo-Medellin Milling Co. (PSE:BMM) declared cash dividend with details as follows:

cash                            =                 P2.50 per share

ex-date                       =                 Oct. 29, 2012

record date                =                 Nov. 5, 2012

payment date            =                 Nov. 26, 2012 

PSE Round-Up: October 12, 2012

PSE Market Summary:

The Philippine Stocks Market was up by 16.25 points to close at 5,369.72. The PSEi was down by 1.29% from 5,439.84 for the week. 89 stocks advanced and 74 closed lower, with 34 stocks remaining unchanged. Total trades reached 22,799.

TEL Acquires IP Converge

Philippine Long Distance Telephone Company (PSE:TEL) announced that its subsidiary ePLDT, Inc. has acquired 100% outstanding capital stocks of IP Converge Data Services, Inc. IP Converge operates as an internet data center and cater to managing data and cloud services.

AC to Increase Stake in BPI

Ayala Corporation (PSE:AC) will acquire an additional 10.4% ownership interest in the Bank of the Philippine Islands (PSE:BPI) from DBS Bank, Ltd. Both companies are owned by the Zobel de Ayala clan. 

NIKL Shipment Volume Up 16%

Nickel Asia (PSE:NIKL) sold an Aggregate of 9.56 wet metric tons of nickel ore as of Sept. 30, 2012, up by  16% from same period last year. The estimate value of the sale declined to P9.24 billion from P 9.83 billion due to lower nickel prices.

PSE Stock of the Week: GMA7 Falls 11.8% in 3 Days as Acquisition Talks End

It was disclosed last Thursday that GMA Network, Inc. (PSE:GMA7) and the PLDT Group (PSE:TEL) have terminated talks of possible acquisition as both parties could not reach for   mutually acceptable terms. GMA7 stocks fell from P 9.03 on October 2 to P 8.20 or 11.8% on October 5 to close the week. In contrast, PLDT shares went from P 2,760 to P 2,752 of the same period, a mere .29% decline. Media company rival ABS-CBN (PSE:ABS) gained .77%.

1 year stocks comparison                                                              GMA7                TEL                   ABS

GMA7 stocks traded at 6.67 on January 18, 2012 prior to news of a potential takeover broke out. There have been back and forth communication ever since then and rumors continued to spread that progress were being made. The stock had performed well throughout this year, gaining 50% from 6.6 to 9.9 by the end of September. Obviously the investing public viewed the potential buyout positively for GMA7, giving them an opportunity to earn high returns. But any high return investments also involve high risk. Nobody but the executives of both parties can decide if the plan was going to push through and GMA7 stocks were driven mostly by speculation. Most of the investors who took the risk paid the price of being wrong, although some also made significant profits if they pulled their investments on time. The key is getting updated on stocks market news and making the right decisions. Although it will never totally remove the risk, being informed is a big help in avoiding huge losses and making significant profits in the future.

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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.

PSE Round-Up: October 4, 2012

PSE Market Summary:

The Philippine Stocks Market is up third consecutive days to close at 5,443.74. All sectors were up led by Holding Firms (2.38%) and Industrial (.99%). There were 24,257 trades with 103 advancers, 63 decliners and 37 stocks remaining unchanged.

GMA7 and TEL End Discussions on Acquisition

GMA Network, Inc. (PSE:GMA7) and MediaQuest Holdings, Inc., an affiliate within PLDT Group (PSE:TEL), reported that both parties were unable to reach at a mutually acceptable terms on a possible acquisition. Both groups announced the termination of further discussions. Talks of possible acquisition have been reported a few weeks back.

BDO to Redeem Series 1 Notes

BDO Unibank, Inc. (PSE:BDO) announced that it will exercise its right to redeem all series 1 notes November 21, 2012, the designated optional redemption date. Redemption will be made in cash priced at face value plus accrued interest.

CEB Eyes Zest Air Acquisition

Cebu Air, Inc. (PSE:CEB) is one of three major parties eyeing possible acquisition of low cost carrier Zest Air, along with Philippine Airlines (PSE:PAL) and Hainan Air. CEB clarified that they have yet to assess for due dilligence check and any interest shown is non-binding at present.

ANS Declares Cash Dividend

A. Soriano Corporation (PSE:ANS) declared cash dividend as follows:

Cash                    P .25 per share

ex-date                Oct 15, 2012

record date         Oct. 18, 2012

payment date      Nov. 12, 2012

MWIDE Enters on a JV With Citicore

Megawide Construction Corporation (PSE:MWIDE) established a joint venture with Citicore Holdings Investment named Citicore-Megawide Consortium, Inc (JVC). The JVC will be formed to undertake the construction, leasing and maintenance of school buildings under the Public-Private Partnership project of the government.

FGEN Subsidiary Refinances Debt Obligation

FGP Corp, a subsidiary of First Gen Corporation (PSE:FGEN), signed a $420 million 10-year term loan facility with seven major bank lenders. The proceeds will be used to repay existing debt obligation of FGP and a portion of FGEN's debts.

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.  

PSE Round-Up: September 12, 2012

PSE Market Summary:

The Philippine Stocks Exchange was up by 21.05 or .41% to close at 5,207.10. All subsectors were up, except Mining & Oil which closed lower by 2.97%. Services (.81%) and Property (.65%) led the advancers. 

SEVN Trades Heavy on New Investor Buys

Operator of 7-Eleven convenience stores Philippine Seven Corp. (PSE: SEVN) confirmed extraordinary trades on Monday were due to Ivy League investors buying around 41 million shares. This represents around 12% of the outstanding shares and were bought at about P 2.9 billion. 

PLDT Expects to Hit Full Year Target

Telecom Company Philippine Long Distance Telephone Co. (PSE:TEL) expect to reach P9 billion for its 3rd quarter net income. This is in line with their full year target of P 37 billion, as TEL has already generated P18.7 billion for the first half of the year.

IMI Preferred Supplier Status Renewed

Leading global supplier Robert Bosch GmbH has renewed the preferred supplier status of Integrated Micro-Electronics, Inc. (PSE:IMI) for its "superior competence and performance." 

AEV Continue to Accumulate on UBP Shares

Aboitiz Equity Ventures, Inc. bought a total of 1,351,130 of Union Bank of the Philippines' shares today at a price range of P 102 and P 104 today. AEV has previously bought UBP shares on various dates as well.