Author Archives: LawrenceAaron_DeLeon

CONCEPCION INDUSTRIAL CORP IPO

Posted on November 14, 2013 by LawrenceAaron_DeLeon

Concepcion Industrial Corp IPO PRICE: PHP26.00 Leading air conditioner and refrigerator maker to raise PhP2.1bn for debt payment, expansion and joint venture with Midea to distribute white appliances. Offers direct play into consumer appliances industry; price to trade at 12.5x … Continue reading →

Comments Off

Market Daily for Wednesday, 13 November 2013

Posted on November 13, 2013 by LawrenceAaron_DeLeon

November 13, 2013 HIGHLIGHTS: Philippine exports in September slows to 4.9% from 20.2% in August ICT 9M13 net income grows 22% to US$128.8m on higher cargo volumes AC and partner GIC buys DBS’s 9.9% stake in BPI for PhP84.07/share VLL … Continue reading →

Comments Off

Economic Update: Typhoon Yolanda to slash Visayas growth

Posted on November 12, 2013 by LawrenceAaron_DeLeon

Typhoon Yolanda Nov 2013 Economic Update: Typhoon Yolanda to slash Visayas growth Initial estimates point to a sharp drop in 4Q13 Visayas economic output as a result of damages to agriculture and industries  

Comments Off

Market Daily for Friday, 8 November 2013

Posted on November 8, 2013 by LawrenceAaron_DeLeon

November 8, 2013 HIGHLIGHTS: Gross international reserves little changed at US$83.4bn in October MBT 9M13 net income doubles to PhP20.7bn on revenues EDC 9M13 net income falls 24.7% on lower revenues, forex loss TA consortium partner BHP Billiton pulls out … Continue reading →

Comments Off

COMPANY UPDATE: METRO PACIFIC INVESTMENTS, INC. 9M13 RESULTS

Posted on November 7, 2013 by LawrenceAaron_DeLeon

MPI 9M13 COMPANY UPDATE: METRO PACIFIC INVESTMENTS, INC. 9M13 RESULTS Strong 9M13 earnings, boosted by growth from tollroads and water utility, line up MPI for record profits in 2013. However, regulatory concerns point to an uncertain growth picture for next … Continue reading →

Comments Off

Market Daily for Wednesday, 6 November 2013

Posted on November 6, 2013 by LawrenceAaron_DeLeon

November 6, 2013 HIGHLIGHTS: October inflation climbs to 2.9% from 2.7% in September on food prices TEL 9M13 core net income gains 4% y-o-y on revenues and subscribers BLOOM 3Q13 net income jumps seven-fold q-o-q to PhP165m PERC and TA’s … Continue reading →

Comments Off

Market Daily for Wednesday, 30 October 2013

Posted on October 30, 2013 by LawrenceAaron_DeLeon

October 30, 2013 HIGHLIGHTS: PHL climbs 30 spots to 108th in World Bank’s business environment table BDO 9M13 net income hits PhP18.2bn, 91% of full year target FGEN issues an additional US$50m long term notes ROCK gets high ratings for … Continue reading →

Comments Off

Market Daily for Friday, 25 October 2013

Posted on October 25, 2013 by LawrenceAaron_DeLeon

October 25, 2013 HIGHLIGHTS: Monetary Board keeps key interest rates unchanged at record lows EMP expands its vineyard land bank in Spain MPI completes Tarlac hospital acquisition; confirms participation in Cavite Laguna Expressway project Robinsons Retail Holdings IPO offer price … Continue reading →

Comments Off

Market Daily for Thursday, 24 October 2013

Posted on October 24, 2013 by LawrenceAaron_DeLeon

October 24, 2013 HIGHLIGHTS: Registered investments in 9m13 up 24.5% to PhP309.7bn, mostly to power sector MER acquires 20% stake in Global Business Power from Ty Group ALI to submit counter-bid for Manila Bay reclamation plan RCB approves sale of … Continue reading →

Comments Off

Market Daily for Tuesday, 22 October 2013

Posted on October 22, 2013 by LawrenceAaron_DeLeon

October 22, 2013 HIGHLIGHTS: 1. The electronics industry cut its 2013 growth target from +5% to -10% 2. Mining industry 1H13 production fell 7.8% y-o-y on soft metal prices 3. AEV get top ratings for its planned PhP10bn bond sale … Continue reading →

Comments Off