Philippine Stock Exchange shareholders elected four new members to its Board of Directors, including the son of former President Gloria Macapagal-Arroyo. Elected to the PSE Board as Independent Directors were former Chief Justice Teresita L. De Castro and prominent investment banker and former ING...
Integrated Micro-Electronics, Inc. (IMI), the manufacturing unit of the Ayala group, reported a turnaround in the third quarter of 2020 with a net income of $9.6 million from the net loss of $5.55 million in the same period last year. In a disclosure to the Philippine Stock Exchange, the firm...
Philex Mining Corporation registered a new high quarterly core net income, and ended the first nine months of the year on an encouraging note. In a disclosure to the Philippine Stock Exchange, the firm reported a core net income of P865 million for the first nine months of 2020 from only P39...
AREIT,Inc. (AREIT), the Philippines’ first real estate investment trust (REIT), achieved a net income of P844 million in the first nine months of 2020 despite the impact of COVID-19. In a disclosure to the Philippine Stock Exchange, AREIT said earnings were driven by the stable operations...
Diversified conglomerate San Miguel Corporation (SMC) has successfully raised P20.0 billion from its issuance of Series 2-J preferred shares which have been listed at the Philippine Stock Exchange. A total of 266.67 million Series 2-J preferred shares were sold to the retail, institutional and...
Puregold Price Club Inc. reported a 10.9 percent growth in consolidated net income to P5.05 billion in the first nine months of 2020 from the P4.55 billion earned in the same period last year. In a disclosure to the Philippine Stock Exchange, the firm said “This was principally driven by the...
SM Prime Holdings Inc., one of the leading integrated property developers in Southeast Asia, reported a 48 percent drop in consolidated net income to P14.4 billion in the first nine months of 2020 from P27.6 billion in the same period last year. In a disclosure to the Philippine Stock...
The Philippine stock market may take a breather at the start of the week following its strong rally last week but investor sentiment may be swayed by the announcement third quarter results by some index heavyweights. “The local market staged a strong rally but, with the quick surge, the local...
The local market closed its best week since the start of quarantine Friday on the back of good corporate earnings and US stimulus news. The Philippine Stock Exchange index (PSEi) rose by 139.43 points, or 2.2 percent, to close at 6,484.06 although the Services sector did not join the...
The local stock market surged on news that government is easing quarantine measures to boost the economy. Traders work beneath an electronic ticker on the trading floor of the Philippine Stock Exchange in Bonifacio Global City (BGC) Metro Manila, the Philippines. (Bloomberg FILE PHOTO) The main...
The local stock market is seen range trade this week although positive corporate nine-month results have the potential to spur the index to breach the 6,000 level. “The market may be more inclined to trade within range for now, until after US elections are finalized by November. This, plus...
The local stock market chalked up a small gain yesterday as most investors are still sitting in the sidelines. The Philippine Stock Exchange index (PSEi) gained 13.03 points, or 0.22 percent, to close at 5,938.33 with the Industrial and Services counters retreating. Volume fell to 1.18 million...
