Daily Archives: September 20, 2011

Economic View – September 19-20, 2011

Posted on September 20, 2011 by research

Markets around the globe are still rocking on the uneasy situation created by the Greek default scare. Market tension has created a new paradigm of distrust and it is feared that the euro itself might collapse on continental Europe. Italy … Continue reading →

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PSEi Performance – Gainers, Losers, Most Active – 09/20/2011

Posted on September 20, 2011 by research

DISCLAIMER: THE MATERIAL CONTAINED IN THIS PUBLICATION IS FOR INFORMATION PURPOSES ONLY. IT IS NOT TO BE REPRODUCED OR COPIED OR MADE AVAILABLE TO OTHERS. UNDER NO CIRCUMSTANCES IS IT TO BE CONSIDERED AS AN OFFER TO SELL OR A … Continue reading →

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COMPANY NEWS & DEVELOPMENTS: EAST ASIA POWER RESOURCES CORPORATION [PWR]

Posted on September 20, 2011 by research

EAST ASIA POWER RESOURCES CORPORATION [PWR] The Board approves the final details of Century Properties, Inc.’s subscription at 4,018,177,002 common shares at a subscription price equal to its php1.00 par value or an aggregate purchase price of php4.108 billion. The … Continue reading →

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COMPANY NEWS & DEVELOPMENTS: RIZAL COMMERCIAL BANKING CORPORATION [RCB]

Posted on September 20, 2011 by research

RIZAL COMMERCIAL BANKING CORPORATION [RCB] The corporate regulator SEC approved the increase of its capital stock by 300 million to 1.4 billion shares. DISCLAIMER: THE MATERIAL CONTAINED IN THIS PUBLICATION IS FOR INFORMATION PURPOSES ONLY. IT IS NOT TO BE … Continue reading →

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COMPANY NEWS & DEVELOPMENTS: MEGAWIDE CONSTRUCTION CORPORATION [MWIDE]

Posted on September 20, 2011 by research

MEGAWIDE CONSTRUCTION CORPORATION [MWIDE] The Company has acquired the SEC’s nod to increase its authorized capital stock from php1.0 billion to php2.0 billion at the same php1.00 par value. DISCLAIMER: THE MATERIAL CONTAINED IN THIS PUBLICATION IS FOR INFORMATION PURPOSES … Continue reading →

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COMPANY NEWS & DEVELOPMENTS: I-REMIT, INC. [I]

Posted on September 20, 2011 by research

I-REMIT, INC. [I] The Company’s Board of Directors has approved a buy-back program covering up to 10M common shares, equivalent to 1.64% of its outstanding issue. This is the second such program being undertaken by the Company following an August … Continue reading →

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DAILY MARKET VIEW: TD 182, 20 September 2011

Posted on September 20, 2011 by research

INDEX RESTORES 4,300-MARK ON CAUTIOUS TRADING ABSENT the pessimism of recent week’s concerns over Europe’s debt and a weak US economy, local shares posted modest gains, even as cautiousness marked trades. Markets across Asia however were mostly trading lower on … Continue reading →

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Corporate News: East Asia Power Corp. (PWR)

Posted on September 20, 2011 by research

East Asia Power Corp. (PWR) approved the restructuring of its capital in connection with the back door listing of Century Properties, Inc. It plans increase capital stock and a subscription by CPI; and to reduce the firm’s par value to … Continue reading →

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Corporate News: Aboitiz Power Corp. (AP)

Posted on September 20, 2011 by research

Aboitiz Power Corp. (AP) confirmed that its unit, Therma South, Inc . , has been awarded an Environmental Compliance Certificate for its coal plant in Davao. This gives AP the green light to initiate the construction and development of its … Continue reading →

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Market Summary and Outlook: September 20, 2011

Posted on September 20, 2011 by research

Extended bargain-hunting lifted local share prices higher for the second time in three sessions on Monday, tracking gains of major overseas markets. The PSEi main index went up 17.82 points, or 0.41% higher from Friday, to close at 4,307.99 on … Continue reading →

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