Monthly Archives: October 2011

Economic Outlook: October 26, 2011

Posted on October 26, 2011 by research

Concerns over the European debt crisis has already stopped the rallying American indices short, with the Dow Jones Industrial Average, NASDAQ and S&P 500 indices stopping dead a three-day upward rally. Concerns over European inability to solve the debt crisis … Continue reading →

Comments Off

Daily View: WEEK 43, TD 206-207, October 25-26, 2011

Posted on October 26, 2011 by research

MARKET ACTION: October 25, 2011, Tuesday PHILIPPINE share prices crossed into positive year-to-date, adding 41.44-points or 0.99% to close at 4,242.52. Value turnover remained thin, however, as investors stayed cautious ahead of Wednesday afternoon’s revelation of the EU summit outcome. … Continue reading →

Comments Off

Corporate News: IP Converge Data Center (CLOUD)

Posted on October 26, 2011 by research

IP Converge Data Center (CLOUD) revealed its new data center operations in Taguig City. The new facility, IPC Data Center BGC”, is the company’s second center as it expands its cloud computing services to business operations in the country. The … Continue reading →

Comments Off

Corporate News: Nickel Asia Corp. (NI)

Posted on October 26, 2011 by research

Nickel Asia Corp. (NI) said its net income attributable to share holders surged to PhP3.3bn in the nine-month period ending September, or 131% more than the PhP1.4bn recorded in the same period last year. Revenues for the period rose by … Continue reading →

Comments Off

Market Summary and Outlook: October 26, 2011

Posted on October 26, 2011 by research

Optimism over strong 3Q11 corporate earnings and improving debtclimate in Europe pushed local share prices again Tuesday as investors bought blue-chip stocks across the board. The PSEi main index rose 41.44 points, or 0.99% higher from Monday, to close at … Continue reading →

Comments Off

Economic Outlook: October 25, 2011

Posted on October 25, 2011 by research

European banks and the legislative branches of the European Union are duking it out on the courts of Brussels as both parties fight out for their own interests. The EU leadership desires to keep Greece from defaulting, which could pull … Continue reading →

Comments Off

COMPANY NEWS & DISCLOSURES: PETRON CORPORATION [pse: PCOR]

Posted on October 25, 2011 by research

DISCLOSURE:: PETRON CORPORATION [pse; PCOR] DC2011-7552 PR on 3Q Net Income” The Company reported slower year-on-year revenue and net income for 3Q 2011 as higher prices dampened demand. Sales reached php67 billion resutling to a net income of php1.56 billion, … Continue reading →

Comments Off

COMPANY NEWS & DISCLOSURES: ISM COMMUNICATIONS CORPORATION [pse: ISM]

Posted on October 25, 2011 by research

DISCLOSURE: ISM COMMUNICATIONS CORPORATION [pse: ISM] DC2011-7550 “SPA with San Miguel Equity Securities, Inc.” The Company completed the sale and transfer of its 37.7% interest in Eastern Telecoms Philippines, Inc. (ETPI) to San Miguel Equity Securities, Inc as it seeks … Continue reading →

Comments Off

COMPANY NEWS & DISCLOSURES: PHILIPPNE LONG DISTANCE TELEPHONE COMPANY, INC [pse: TEL]

Posted on October 25, 2011 by research

NEWS: PHILIPPNE LONG DISTANCE TELEPHONE COMPANY, INC [pse: TEL] source: http://www.philstar.com/Article.aspx?publicationSubCategoryId=66&articleId=740555 The National Telecommunications may require PLDT Co. to make permanent Sun Cellular’s unlimited text promo as one of the conditions for approving the the Pangilinan unit’s acquisition of 51.55% … Continue reading →

Comments Off

COMPANY NEWS & DISCLOSURES: THE PHILIPPINE STOCK EXCHANGE [pse: PSE]

Posted on October 25, 2011 by research

NEWS: THE PHILIPPINE STOCK EXCHANGE [pse: PSE] source: http://www.bworldonline.com/content.php?section=TopStory&title=Bourse to-raise-taxation-concerns&id=40401 Leaders of the Exchange meets with the BIR to hammer out a compromise on the latter’s proposal to impose a 5% to 10% levy on listed-firms failing to comply with … Continue reading →

Comments Off