Monthly Archives: November 2014

ECONOMIC UPDATE: 3Q14 National Accounts

3Q14 National Accounts 3Q14 GDP growth slows to 5.3% from 7.0% Growth rate drops in 3Q14 as consumer spending slows; gov’t investment shrinks on DAP budget controversy. 9M14 average GDP growth down to 5.8%, needs a massive 4Q push to … Continue reading

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Market Daily for Tuesday, 25 November 2014

November 25, 2014 HIGHLIGHTS: CPG and ALHI to build hotels with Accor S.A. of France MAX has set a maximum indicative price of PhP21.75/share for follow-on offering MWIDE to be contractor for two of HOUSE’s new projects SMC has higher … Continue reading

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Market Daily for Monday, 24 November 2014

November 24, 2014 HIGHLIGHTS: Real estate loans rose 6% q-o-q in 2Q14; bad loans at 2.6% of total Confidence index in 4Q14 increased on holiday season outlook PF buys La Pacita biscuit brand for undisclosed price IMI follow-on offer price … Continue reading

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Market Daily for Friday, 21 November 2014

November 21, 2014 HIGHLIGHTS: CAB to start talks for more open skies with Australia and Taiwan CEB to get five more new Airbus aircraft early 2015 AC completes PhP12.4bn top-up placement at PhP660 per share BLOOM to open Sky Tower … Continue reading

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Market Daily for Thursday, 20 November 2014

November 20, 2014 HIGHLIGHTS: Banks’ bad loans increase slightly in August as loan levels rise Remittances growth climb for fifth straight month in September STI September quarter net income falls 49% DMC 9M14 core net income dips 6% to PhP7.5bn … Continue reading

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Market Daily for Friday, 14 November 2014

November 14, 2014 HIGHLIGHTS: Foreign portfolio investments dip in October but year-long trend remains positive ICT 3Q14 net income drops 26% y-o-y on start up costs JFC 3Q14 net income gains 15% y-o-y despite store closures AGI 9M14 net income … Continue reading

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Market Daily for Thursday, 13 November 2014

November 13, 2014 HIGHLIGHTS: AP enters agreement to develop solar energy with SunEdison of US EDC’s Burgos Wind Farm gets endorsement from DoE. VLL 9M14 net income up 12% y-o-y, 70% of this year’s estimate PNX 3Q14 net income falls … Continue reading

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Market Daily for Wednesday, 12 November 2014

November 12, 2014 HIGHLIGHTS: Philippine exports expands 15.7% in September, extending this year’s upward trend GLO 9M14 core net income up 22% to PhP11.6bn on revenues GERI 9M14 net income up 37% to PhP320m on real estate sales COSCO 9M14 … Continue reading

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Market Daily for Tuesday, 11 November 2014

November 11, 2014 HIGHLIGHTS: FDI in August of US$299m is down 31% from July MEG reports 9M14 net income of PhP19.0bn, including one-time items NIKL 9M14 net income surges 480% to PhP8.2bn on ore shipments, prices SMC 9M14 net income … Continue reading

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Market Daily for Friday, 7 November 2014

November 7, 2014 HIGHLIGHTS: SM reports a recurring 9M14 net income of PhP18.1bn, up 13.7% y-o-y DD 3Q14 net income jumps 16-fold to PhP253.8m on sales DNL 9M14 net income up 24% to 1.3bn on revenues Valuation table Dividend and … Continue reading

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