Category: Stock Market & Foreign Exchange
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MREIT posts P638 M distributable income
MREIT, Inc., the real estate investment trust of top office landlord Megaworld Corporation, reported a distributable income of P638 million for the second quarter of 2022 sustaining its strong performance in the previous quarter.
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GDP, job reports to weigh on stocks
The local stock market may cautiously try to move further up this week on the back of good corporate earnings reports and after breaching its resistance level but investors will also get cues from the release of GDP and employment figures.
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RFM earnings flat due to rising costs
Food and beverage firm RFM Corporation reported that its earnings were flat at P688 million for the first half of the year due to lower profits in the second quarter of 2022.
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Stocks fall due to higher inflation rate
The local stock market fell after the government announced a higher-than-expected rise in the consumer price index.
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BDO Insure offers emergency medical protection plans
BDO Insure, a wholly-owned subsidiary of BDO Unibank, is offering financial and emergency medical protection to travelers through its comprehensive travel insurance plans with COVID-19 coverage.
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SEC approves RLC’s P30-B bond program
The Securities and Exchange Commission (SEC) has approved the P30 billion debt securities program of Robinsons Land Corporation, which looks to raise as much P15 billion from the initial tranche.
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SM Prime, AboitizPower seal Cleanergy supply deal
SM Prime Holdings, Inc. (SM Prime), one of the leading property developers in Southeast Asia, has secured a long-term deal with Aboitiz Power Corporation for Cleanergy supply.
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ALI earnings rise on recovery of malls, hotels
Real estate giant Ayala Land Inc. (ALI) registered a 34 percent growth in net incometo P8.1 billion in the first half of the year due to the improved operations of its various business segments.
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RRHI profits surge 64% in first half
Robinsons Retail Holdings, Inc. reported a 64 percent jump in attributable net income to P2.7 billion in the first half of 2022 from P1.67 billion in the same period last year due to robust gains from the second quarter.
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SMC consolidated net income drops 33% in first half
Diversified conglomerate San Miguel Corporation reported a 33 percent drop in consolidated net income to P19.8 billion in the first semester of 2022 from the P29.6 billion registered in the same period last year.
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Corporate earnings continue to buoy PSEi
The local stock market rose for the third day as corporate earnings continue to buoy investor sentiment.
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Vitarich profits fell 47%
Vitarich Corporation (PSE:VITA) reported a 47 percent drop in net income to P147.7 million in the first half of 2022 from the P276.9 million earned in the same period last year due to a surge in costs.
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Nickel Asia earnings rise 41%, plans $300 M green bond offer
Nickel Asia Corporation (NAC), the Philippines’ largest producer of lateritic nickel ore, reported a 41 percent increase in attributable net income to P3.83 billion for the first semester of 2022 from P2.73 billion in the same period last year.
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BDO’s Dominion Holdings posts lower interim profit
Dominion Holdings, Inc. (formerly BDO Leasing & Finance, Inc. or BLFI) reported a net income of P3.7 million for the first six months of 2022 compared to the P29.1 million earned in the same period last year.
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Stocks rise on better corporate earnings
The local stock market rose further as more firms report positive performances for the first half of the year.
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CNPF boosts profit amid rising inflation
Century Pacific Food, Inc. (CNPF) grew its net profit by nine percent to P3 billion in the first half of the year as it managed to increase its margins despite rising inflation.
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SMFB posts record performance in 1st half
San Miguel Food and Beverage, Inc. (SMFB) reported a record-breaking first half performance, posting its highest level of revenue and profitability since its consolidation in 2018.
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MPIC core profit rise 24% to P7.5 B
Metro Pacific Investments Corporation reported a 24 percent growth in consolidated core net income to P7.5 billion for the first half of 2022, a post-pandemic high, from P6.0 billion a year earlier.