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: January 31, 2013

PSE Market Summary:

The Philippine Stocks Market snapped its five-day rally to close lower by 28.49 or .45% to 6,242.74. Total trades reached 33,693 with 62 stocks advances 106 declines and 44 stocks unchanged. 

WEB Posts 20% Growth

Philweb Corp (PSE:WEB) disclosed that its net income for 2012 increased to P1.1billion or 20% higher than the previous year. Their Asia pacific subsidiary mainly contributed to the positive earnings.

PSE Round-Up: November 5, 2012

PSE Market Summary:

The Philippine Stocks Market increased by 33.31 points or .61% to close at 5,457.82. A total of 27,177 trades were recorded with 93 stocks advances, 71 declines and 43 remaining unchanged.

MBT Reports 15.2% Increase in Net Income

Metropolitan Bank & Trust Company (PSE:MBT) disclosed its consolidated net income at P10.2 billion for the first nine months of 2012, up from P8.9 billion or 15.2% higher than last year. The increase was supported by 11.7% increase in fee-based non-interest income. MBT shares went up P3 to close at P98 in today's trade.

GLO Eyes Bayan Telecom

Officials of Globe Telecom, Inc. (PSE:GLO) confirmed talks with Lopez-owned Bayan Telecommunications for a possible acquisition. The move if pushed through will enable both companies to be more competitive in the industry, although no definite agreement is reached. GLO stocks went from 1,14 to 1,144 to close today's trade.

PF Intends to Remain Listed

San Miguel Pure Foods Co., Inc. (PSE:PF) hope to raise as much as $400 million from overseas equity offering to maintain its listed status in PSE. The stocks exchange require all entities to retain a 10% minimum public ownership to remain listed. PF shares were down 22.22% from P900 to P700 per share.

JGS Plan to Loan for Expansion

JG Summit Holdings, Inc. (PSE:JGS) plan to apply for a $250 million five-year term loan. The amount will be used to expand its food manufacturing, property and airline business outside the country. JGS shares were down P.30 to close at P32.70.

WEB Net Income Up 24%

Philweb Corp (PSE:WEB) Net income for the first nine months amounted to P681 million, higher by 24% from same period last year. The positive result was attributed to its scratch card business in Cambodia, Timor Leste and Guam.

BDO Nine-Month Profit Up 38%

BDO Unibank, Inc. (PSE:BDO) reported net income for the first nine months at P10.5 billion, up 38% from P7.6 billion same period last year. The increase was due to expanded loans and improved net interest income. BDO shares closed P64.35, up .55% for the day.  

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.