Cirtek Holdings Philippines Corporation listed at the Philippine Stock Exchange its stock rights offering (SRO) shares worth P1.37 billion as well as the bonus detachable warrants that came with them. The SRO consisted of 249.44 million common shares sold at an offer price of 5.50 per Entitlement...
AllHome Corporation, the pioneering one-stop shop home store in the Philippines, reported double-digit growth in its first half and second quarter results, showing its resiliency during the raging pandemic. Net income for the first half of the year jumped 133 percent to P641 million on the back of...
Concern over the surge in COVID cases will be foremost in the minds of stock market investors this week, although the government is also set to release data on remittances and balance of payments. “While we may see some bargain hunting in the early part of this week following last Friday’s...
The National Reinsurance Corporation of the Philippines (Nat Re), the Philippines’ sole professional reinsurer, was assigned a financial strength rating of PRS A, with a Stable Outlook, by the Philippine Rating Services Corporation (PhilRatings). A PRS A rating means that an insurer has strong...
Eagle Cement profits hit record at P3.7 B Eagle Cement Corporation posted a 181 percent jump in net income to a record P3.7 billion in the first half of 2021 from P1.32 billion in the same period last year as the government allowed the resumption of construction activities. In a disclosure to the...
Security Bank Corporation (PSE: SECB) posted 46 percent drop in net profit to P3.1 billion in the first half of 2021 from the P5.7 billion reported for the same period last year. In a disclosure to the Philippine Stock Exchange, the bank said its profit before tax was up 20 percent to P5.5 billion...
It’s easy to assume that the fuel that goes into our cars is something simply extracted from the ground. Yet a lot of research and development goes into producing Shell’s modern fuels. Shell fuels, whether V-Power or Fuel Save, are developed by Shell’s international group of scientists. This...
Local share prices plunged as foreign investors dumped stocks ahead of the effectivity of the new PSEi composition next week. The main index fell 236.38 points or 3.61 percent to close at 6,320.19 after the Holding Firms counter lost 5.21 percent. Only the Financials sector managed to hold its...
Ayala Corporation, the country’s oldest conglomerate, reported a 31 percent hike in net income to P10.4 billion in the first semester of 2021 from the low base of the previous year when the metropolis was under stricter quarantine status. In a disclosure to the Philippine Stock Exchange, the firm...
The local stock market fell after the MSCI index rebalancing as well as due to concern over rising COVID cases. The main index lost 110.29 points or 1.65 percent to close at 6,556.57 as thr Property and Holding Firms counters led the retreat with only the Mining and Oil sector managing to advance....
Filinvest REIT Corp., (FILREIT) successfully listed at the Philippine Stock Exchange, closing the day one fluctuation higher at P7.02 from its initial public offering price of P7.00 despite the drop in the local market. “After months of great uncertainty, we finally arrived in our destination:...
The local stock market rose on the back of gains in the US as well as positioning ahead of the rebalancing of the MSCI ( Morgan Stanley Capital International), which measures the performance of the large and mid cap segments of the Philippines market. The main index advanced 43.63 points or 0.66...
