Daily Archives: October 25, 2011

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

Daily View: WEEK 43, TD 205-206, October 24-25, 2011

Posted on October 25, 2011 by research

MARKET ACTION: October 24, 2011, Monday ASIAN markets showed up with guarded optimism despite the uncertainties that prevailed over the weekend, posting gains at the open. Tokyo stocks were up 120 points approaching midday, and so were the China markets. … Continue reading →

Comments Off

Corporate News: Greenery Holdings, Inc. (GREEN)

Posted on October 25, 2011 by research

Greenery Holdings, Inc. (GREEN) said it has approved the initiative to negotiate for the acquisition of Isabela Alcogas Corp., an ethanol producer in Misamis Occidental. It also agreed to team with China’s Tianjin Tianbao Investment for the development and funding … Continue reading →

Comments Off

Corporate News: Philippine Long Distance Telephone Company (TEL)

Posted on October 25, 2011 by research

Philippine Long Distance Telephone (TEL) confirmed that it intends to keep the Sun Cellular brand and its unlimited-type of mobile services once the TEL deal to acquire Digital Telecommunications (DGTL) is finalized. It has been reported that the teleom regulators … Continue reading →

Comments Off

Corporate News: Petron Corp. (PCOR)

Posted on October 25, 2011 by research

Petron Corp. (PCOR) reported a net income of PhP1.56bn in 3Q11, 14% lower from the same period last year. Sales volume for the quarter decreased by 7% due to weaker demand following the series on oil price hikes this year. … Continue reading →

Comments Off

Corporate News: Metro Pacific Investments Inc. (MPI)

Posted on October 25, 2011 by research

Metro Pacific Investments Inc. (MPI) has entered into an agreement with its affiliate, Medical Doctors, Inc., to acquire 100% of Colinas Verdes Hospital Managers Corp (CVHMC). Colinas Verdes, which is a subsidiary of Medical Doctors, has a lease agreement with … Continue reading →

Comments Off