Author Archives: LawrenceAaron_DeLeon

Market Daily for Wednesday, 28 May 2014

Posted on May 28, 2014 by LawrenceAaron_DeLeon

May 28, 2014 HIGHLIGHTS: March imports up 9.6% y-o-y to US$5.4bn; up 12% in 1Q14 TEL to layout 15,000 km of new fiber optic to expand data capacity PNB to beef up consumer and thrift banking unit HOUSE to develop … Continue reading →

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Market Daily for Tuesday, 27 May 2014

Posted on May 27, 2014 by LawrenceAaron_DeLeon

May 27, 2014 HIGHLIGHTS: Bureau of Customs revenue growth slows in April EDC to invest in Indonesia MEG to expand Eastwood City in Libis with three new towers CEB to fly to Saudi Arabia in 3Q14 ACR to reach 1,000MW … Continue reading →

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Market Daily for Thursday, 22 May 2014

Posted on May 22, 2014 by LawrenceAaron_DeLeon

May 22, 2014 HIGHLIGHTS: Philippine economy to continue robust growth, says consultancy AC energy unit taps Chinese firm to construct power plant in Lanao FGEN increases stake in EDC to 50.7% SMC investment in GMA7 to be completed next month … Continue reading →

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Market Daily for Wednesday, 21 May 2014

Posted on May 21, 2014 by LawrenceAaron_DeLeon

May 21, 2014 HIGHLIGHTS: 1. Banks’ exposure to real estate loans in 4Q13 up 7% q-o-q 2. Consumer loans in 4Q13 up 3.6% q-o-q on real estate 3. AGI 1Q14 net income up 11% to PhP3.9bn, below expectations 4. PCOR’s … Continue reading →

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Market Daily for Tuesday, 20 May 2014

Posted on May 20, 2014 by LawrenceAaron_DeLeon

May 20, 2014 HIGHLIGHTS: LTG 1Q14 net income drops 61% y-o-y to PhP1.6bn on weak banking, tobacco CPG loses court protection from Okada deal suspension AEV power and food units looking to expand abroad ABS to build PhP600m studios Valuation … Continue reading →

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Market Daily for Friday, 16 May 2014

Posted on May 16, 2014 by LawrenceAaron_DeLeon

May 16, 2014 HIGHLIGHTS: March remittances up 6.9% to US$2.1bn; 1Q14 up 6.6% to US$6.1bn Foreign portfolio investment net inflows up 3.5 times in April to US$324m RRHI 1Q14 net income up 15% to PhP530m on revenues of PhP17.4bn PGOLD … Continue reading →

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COMPANY UPDATE: Emperador, Inc. (EMP)

Posted on May 15, 2014 by LawrenceAaron_DeLeon

EMP-Whyte&Mackay deal Brandy-maker buys 100% of Scottish whisky maker Whyte & Mackay for GBP430m (PhP31.6bn) in an all-cash deal. Purchase to expand liquor footprint, boost long-term earnings. BUY ON WEAKNESS. Price target: PhP12.76 Upside: 8.8%

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Market Daily for Friday, 9 May 2014

Posted on May 9, 2014 by LawrenceAaron_DeLeon

May 9, 2014 HIGHLIGHTS: Philippines gets new rating upgrade from S&P, 2 levels above junk BSP keeps key interest rates unchanged but hikes reserve rates by 1pt MEG to put up five luxury hotels in Mactan township project GSM on … Continue reading →

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Market Daily for Wednesday, 7 May 2014

Posted on May 7, 2014 by LawrenceAaron_DeLeon

May 7, 2014 HIGHLIGHTS: Headline inflation rate for April climbs to 4.1% from 3.9% in March MWC 1Q14 net income up 7% to PhP1.4bn on billed water volume ALI 1Q14 net income jumps 35% to PhP3.5bn on real estate sales … Continue reading →

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Market Daily for Tuesday, 6 May 2014

Posted on May 6, 2014 by LawrenceAaron_DeLeon

May 6, 2014 HIGHLIGHTS: 1. SMPH reports 1Q14 net income of PhP4.6bn, up 11% y-o-y and within expectations 2. GMA7 posts lower-than-expected 1Q14 net income of PhP325m, down 46% y-o-y; says in talks with SMC for possible investment 3. TA … Continue reading →

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