Daily Archives: October 5, 2011

Corporate News: Atok-Big Wedge Co., Inc. (AB)

Posted on October 5, 2011 by research

Atok-Big Wedge Co., Inc. (AB) has acquired 100% of Hong Kong-listed Tidemark Holdings, Ltd. Tidemark owns 8.65m common shares of Forum Pacific Plc, or 25.9% of its outstanding capital. Forum Energy has a 70% stake in SC 72 offshore gas … Continue reading →

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Corporate News: Alliance Select Foods International (FOOD)

Posted on October 5, 2011 by research

Alliance Select Foods International (FOOD) announced that its seafood unit, Big Glory Bay Salmon and Seafood Co., has exported smoked salmon slices and other retail seafood packs to Hong Kong, Japan and Singapore. The company claims that pipeline orders from … Continue reading →

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Corporate News: Belle Corp. (BEL)

Posted on October 5, 2011 by research

Belle Corp. (BEL) said that its recent PhP4.5bn stock rights offer was 13% oversubscribed. A total 1.7bn rights shares were subscribed by shareholders out of the 1.51bn rights shares offered by the company. Priced at PhP3.0 per rights share, BEL … Continue reading →

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Corporate News: Abra Mining & Industrial Corp. (AR)

Posted on October 5, 2011 by research

Abra Mining & Industrial Corp. (AR) confirmed details of the deal with Olympus Pacific Minerals, Jabel Corp, Kadabra Mining Corp, and Philearth Mining Corp. for a gold exploration project in Abra province. Under the Joint Venture Agreement between the parties, … Continue reading →

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Market Summary and Outlook: WEDNESDAY, OCTOBER 5, 2011

Posted on October 5, 2011 by research

Falling global equity markets pulled local share prices again on Tuesday as the negative effects of possible loan defaults could spread. The PSEi benchmark index shed 35.91 points, or 0.9% lower from Monday, to close at 3,829.92 on increased trading … Continue reading →

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DAILY VIEW: WEEK 40, TD 192/193, October 4/5, 2011

Posted on October 5, 2011 by research

MARKET ACTION: Fears over Greece’s fate remained on top of trading decisions on the second session for the week, opening the first month of the quarter with an extended 2-session decline. The PSEI dropped 28 points at the opening bell, … Continue reading →

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