Trader's Logbook

MANILA, Philippines – The Securities and Exchange Commission has approved a plan by Vantage Equities Inc. to list its unit, Internet search portal Yehey!, by way of introduction. Listing by introduction means a company can have its shares traded on the exchange without undertaking an initial public offering or IPO. Based on its registration statement, [...]

Good news for GLO holders. The company’s revenues up 13% More good news because holders will be given another cash dividend (http://www.pse.com.ph/resource/disclosures/2012/pdf/dc2012-5845_GLO.pdf) Globe broadband revenues up 13% MANILA, Philippines – Globe Telecom Inc., a joint venture between diversified conglomerate Ayala Corp. and Singapore Telecom, said revenues from its broadband services posted a double digit growth [...]

MANILA, Philippines – Metropolitan Bank & Trust Co. (Metrobank) posted a net income of P7.4 billion in the first half of 2012, up 21 percent from P6.1 billion in the same period last year, the bank told the Philippine Stock Exchange (PSE) yesterday. Metrobank attributed the improvement in income to healthy growth in its core [...]

Is this the reason why ALI is going up for a few days now? ALI raises 2012 budget by P10 billion MANILA, Philippines – Property giant Ayala Land Inc. (ALI) is setting aside an additional P10 billion on top of the original 2012 budget of P37 billion, according to a top company official. ALI president [...]

Rockwell Land in P26.3-B expansion binge MANILA, Philippines – Rockwell Land Corp. is on an aggressive expansion mode with around P26.3 billion earmarked for the development of a new mixed-use complex on the site once occupied by Colgate-Palmolive Philippines as well as a townhouse project in Quezon City and two condominium projects in Pasig and [...]

MANILA, Philippines – The Philippine Gaming and Amusement Corp. (Pagcor) will withhold the casino franchise of Japanese billionaire investor Kazuo Okada until he complies with the Philippine Constitution. “We will not issue him his license if there is a finding that there is a violation of our Constitution. He will not be allowed to start [...]

MANILA, Philippines – In a sign of friendship and goodwill, Philippine defense and military officials shared the same stage together with officials from the Chinese Embassy in Manila, with both sides expressing confidence that the ongoing territorial dispute will be resolved peacefully. Philippine Defense Secretary Voltaire Gazmin and Armed Forces of the Philippines Chief of [...]

MANILA, Philippines – Shopping mall giant SM Prime Holdings Inc. reported better-than-expected financial results in the second quarter with net earnings rising 16 percent to P2.49 billion. This brings SM Prime’s six-month net income to P4.92 billion or 15 percent higher than the P4.27 billion recorded the previous period. Revenues also climbed 15 percent to [...]

MANILA – Century Properties Group Inc. is venturing into the affordable segment of the market with the development of a mid-rise community project in Quezon City. In a statement, Century Properties said it expects to book sales of P10 billion from the eight-tower project called The Residences at Commonwealth by Century. Located along Commonwealth Avenue [...]

Stock market rises to unprecedented heights Manila, Philippines – The Philippine stock market is making its mark as one of the hottest emerging markets in the world, having outperformed many of its regional rivals this year on the back of rosier macroeconomic fundamentals, a resilient corporate sector as well as government’s resolve in stamping out [...]

Manila, Philippines – Food and beverage company RFM Corp. reported a 42 percent jump in net earnings during the first half of the year to P302 million, on the back of a 16 percent rise in sales. In a disclosure to the Philippine Stock Exchange, RFM said sales reached P5.3 billion as most of its [...]

Good news we might see some light at the end of the tunnel we are in right now. With some current positive outlook from EU, as long as this will hold, we will see some local stocks awaken from its long slumber. With some of our blue chip companies’ prices now at bottom or near [...]

Do you think this news will pump up the price again? Yesterday we haven’t seen SEVN doing some movement as it only have 5.8K volume which is very insignificant figure. Let us see how this news will attract traders today. MANILA, Philippines – Philippine Seven Corp. is raising its capitalization to P600 million from P400 [...]

MANILA, Philippines – Philex Petroleum, a wholly-owned subsidiary of Philex Mining Corp., posted a net loss of P80.49 million in the first half of the year, due to the temporary suspension of production at the Galoc oil field. Philex Petroleum swung to a loss this year compared to a profit of P523.09 million during the [...]

SAN FRANCISCO (MarketWatch) — Apple Inc. posted a sharp gain in earnings for its third fiscal quarter on Tuesday afternoon, but the company missed Wall Street’s targets as sales of the iPhone fell 26% from the previous period. http://www.marketwatch.com/story/apple-misses-estimates-as-iphone-sales-fall-2012-07-24?dist=tbeforebell               Is PSE going to be affected with DOW’s drop? [...]

MANILA, Philippines – Coal Asia Holdings, which holds the country’s second-largest coal reserves, said its initial public offering (IPO) will list 800 million shares on the Philippine Stock Exchange‘s (PSE) first board by the fourth quarter of 2012. In a statement, Coal Asia chairman Harald Tomintz said the IPO will be priced at par value, [...]

Stock Markets Performance around the World (YTD as of July 20, 2012) Rank Country Stock Market Index YTD % Return 1 Venezuela Caracas Stock Exchange IBVC 110.58% 2 Pakistan Karachi Stock Exchange KSE100 28.35% 3 Turkey Istanbul Stock Exchange XU100 21.86% 4 Philippines Philippine Stock Exchange PSEi 20.89% 5 Estonia Tallinn Stock Exchange NASDAQ OMX [...]

PHNOM PENH—Southeast Asian nations on Friday vowed to work towards a “code of conduct” in the disputed West Philippine Sea (South China Sea) as it committed to respect international laws in settling disputes. Current chair Cambodia announced that the Association of Southeast Asian Nations had agreed on six principles on the sea, where tensions have [...]

ALPHA nears completion of P3B grade-A office bldg., expects to earn P4.4B in over 8 years. CAL is raising authorized capital stock from P845.4M to about P2B to facilitate the issuance of shares to potential investors. To offset debt, purchased all issued and outstanding shares of Agri Phil Corp. and real estate properties offered by [...]

DFNN has been in a downtrend for quite some time now with a very few volume per day. Will this news awaken this stock? DFNN clears way for future fund-raising amid gaming push MANILA – DFNN Inc. is widening its equity base to support future fund-raising plans as it capitalizes on the booming gaming industry. [...]