Monthly Archives: September 2011

Corporate News: Suntrust Home Developers Incorporated (SUN)

Posted on September 13, 2011 by research

Suntrust Home Developers, Inc. (SUN) announced that it has acquired full-ownership of First Oceanic Property Management, Inc., a firm engaged in the management of residential and office condominium and private estates. It currently handles management of 41 residential condominiums and … Continue reading →

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Corporate News: Cebu Air Incorporated (CEB)

Posted on September 13, 2011 by research

Cebu Air Inc. (CEB) is set to take deliver of four (4) new aircraft in 4Q11 which is part of its massive fleet expansion program. The new Airbus A320 aircraft will be used to ply added routes and increase the … Continue reading →

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Corporate News: Philex Petroleum Corporation (PXP)

Posted on September 13, 2011 by research

Philex Petroleum Corp. (PXP) surged on its first trading day, closing at PhP8.60 per share, up 616% from its introductory price of PhP1.20 per share. The PX oil and exploration subsidiary listed a total 1.7 billion common shares (including 598.6 … Continue reading →

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Market Summary and Outlook: September 13, 2011

Posted on September 13, 2011 by research

      Local share prices fell sharply lower Monday as investors dumped mining and property stocks in reaction to continued weakness in global equity markets. The PSEi benchmark index fell 50.02 points, or 1.15% lower from Friday, to close … Continue reading →

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Weekly View: Week 37, TD 176-180, September 12-16, 2011

Posted on September 12, 2011 by research

Market to move sideways, bias shifts to value on contrasting internals vis-à-vis externals THE market’s failure to cover half of its intra-week losses sustained through Tuesday will keep investors’ guard up going into week 37 of trades. While this reins … Continue reading →

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Corporate News: Atlas Consolidated Mining and Development Corp. (AT)

Posted on September 12, 2011 by research

Atlas Consolidated Mining and Development Corp. (AT) value of shipment dipped slightly in August as total production decreased. Total mill throughput for the month amounted to 1.81 million tons, resulting in a production of 10,031 dry metric tons (DMT) of … Continue reading →

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Corporate News: San Miguel Corporation (SMC)

Posted on September 12, 2011 by research

San Miguel Corp. (SMC) revealed that it is planning to list its power subsidiary SMC Global Power Holdings by mid-November 2011. Reports indicate that the planned listing has already been approved by the Securities and Exchange Commission (SEC) but still … Continue reading →

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Market Summary and Outlook: September 12, 2011

Posted on September 12, 2011 by research

      Lingering concerns over slowing economic growth spilled over as a result of possible debt defaults in Europe pulled local share prices last week. The PSEi benchmark lost 45.94 points, or 1.04% week-on-week, to close at 4,346.07 on … Continue reading →

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Market Summary and Outlook: September 9, 2011

Posted on September 9, 2011 by research

Firmer global equity markets and flat interest rates pushed local share prices higher for the second day on Thursday as investors bought Holdings and interest rate sensitive Property shares. The PSEi main index rallied 41.52 points, or 0.96% higher from … Continue reading →

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Market Summary and Outlook: September 8, 2011

Posted on September 8, 2011 by research

Cautious buying lifted local share prices slightly higher on Wednesday as mining shares took a heavy beating on profit-taking. The PSEi benchmark index rose 12.13 points, or 0.3% higher from the previous session, to close at 4,315.21 on firm trading … Continue reading →

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