Monthly Archives: October 2011

WEEKLY VIEW: WEEK 40, TD 191-194, September 26-30, 2011

Posted on October 3, 2011 by research

OPTIMISM GRADUALLY CREEPS BACK INVESTORS GUARD AGAINST SUDDEN TURNS A MODICUM OF OPTIMISM MAY HAVE SURFACED FOLLOWING LAST WEEK’S 2.9% GAINS WHICH WILL LIKELY CARRY THE MEASURE ABOVE THE 4,000-LINE. THE TURN OF EVENTS IN EUROPE SUPPORTS A GRADUAL ACCUMULATION … Continue reading →

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Corporate News: JG Summit Holdings Inc. (JGS)

Posted on October 3, 2011 by research

JG Summit Holdings Inc. (JGS) confirmed that it is expecting a decline in 2011 net income due mainly to increases in costs. The Gokongwei-led conglomerate is looking at a net income of PhP14.7bn, a 10% decline from a net of … Continue reading →

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Corporate News: AgriNurture, Inc. (ANI)

Posted on October 3, 2011 by research

AgriNurture, Inc. (ANI) revealed that it is putting up a US$5.0m coconut juice manufacturing facility in Pili, Camarines Sur province. The purpose of the factory will be to supply the coconut juice requirements of US beverage brand Vita Coco. ANI … Continue reading →

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Corporate News: Jollibee Foods Corp. (JFC)

Posted on October 3, 2011 by research

Jollibee Foods Corp. (JFC) said it has acquired a majority 54% stake in BK Titans, Inc., the company that owns PERF Restaurants, Inc, the local franchise holder and operator of Burger King outlets in the country. The deal, valued at … Continue reading →

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Market Summary and Outlook: October 3, 2011

Posted on October 3, 2011 by research

Easing concerns over European and US debt lifted local share prices last week sending the main index just a shade under the 4,000 level on bargain-hunting. The PSEi main index went up a total 113.69 points, or 2.93% higher week-on-week, … Continue reading →

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