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GREED IS GOOD! : Philippine Stock Market (Stock Traders Lounge)

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  • DAILODAILO Member PExer
    C&W pulls out of the Philippines

    UK’s Cable & Wireless (C&W) is pulling out of the Philippines where it has operated a telecommunications company, Eastern Telecommunications Philippines, for over 100 years.

    William Pamintuan, senior vice president of Digital Telecommunications Philippines, says the company signed an agreement with C&W on June 29 for the latter’s 40 percent stake in Eastern Telecom for $18 million.

    “We recently asked them [C&W] if they were selling out and they said yes. So, we proceeded with the purchase, which we expect to be completed within 60 to 90 days. We believe the price we have agreed to pay is reasonable,” he says.

    C&W began operating in the Philippines in 1878 when it established Eastern Extension Australasia and China Telegraph. The company was renamed Eastern Telecom in 1974 following a regulatory change which required foreign telecom companies to have local partners.

    A C&W spokesperson in London declined to comment on the deal, but says the company is pursuing a new strategy of operating in three key markets — the US, Europe and Japan.

  • DAILODAILO Member PExer
    PSE Top Gainers as of 10:51AM

    SYMBOL SECURITY PREVIOUS LAST HIGH LOW Change %Change VALUE

    WIN Wellex Industries Inc. 0.7000 0.8000 0.8000 0.7000 0.1000 14.29% 144,000.0000

    OPMB Oriental Petroleum and Minerals Corp 0.0090 0.0100 0.0100 0.0095 0.0010 11.11% 967,500.0000

    PNC Philippine National Construct Corp 8.30 9.10 9.10 9.10 0.80 9.64% 63,700.0000

    CMP C and P Homes 0.200 0.215 0.215 0.210 0.015 7.50% 107,000.0000

    CHIB China Banking Corporation 700 750 750 750 50 7.14% 75,000.0000

    IMP Imperial Resources Inc 0.0280 0.0300 0.0300 0.0300 0.0020 7.14% 45,000.0000

    MAC Macroasia Corporation 3.200 3.400 3.600 3.200 0.200 6.25% 1,899,200.0000

    OM Omico Corporation 0.0080 0.0085 0.0085 0.0085 0.0005 6.25% 1,207,496.7500

    WPI Waterfront Philippines Inc 0.640 0.680 0.680 0.640 0.040 6.25% 2,278,099.5000

    PA Pacific Inc 0.0170 0.0180 0.0180 0.0180 0.0010 5.88% 54,000.0000
  • DAILODAILO Member PExer
    PSE Top Losers as of 10:53AM

    SYMBOL SECURITY PREVIOUS LAST HIGH LOW Change %Change VALUE

    PMT Primetown Property Group 0.490 0.350 0.350 0.350 -0.140 -28.57% 3,500.0000

    MARB Metro Alliance Holdings & Equities Corp 1.280 1 1 1 -0.280 -21.88% 20,000.0000

    CYBR Cyber Bay Corporation 0.600 0.540 0.540 0.540 -0.060 -10.00% 16,200.0010

    APC APC Group Inc 0.4900 0.4500 0.4500 0.4500 -0.0400 -8.16% 106,764.7109

    PHES Philippine Estates Corporation 0.320 0.300 0.300 0.300 -0.020 -6.25% 24,000.0000

    EEI EEI Corporation 0.390 0.370 0.370 0.370 -0.020 -5.13% 18,500.0000

    ARA Araneta Properties Inc 0.680 0.650 0.660 0.650 -0.030 -4.41% 39,400.0039

    BELW Belle Corporation 0.1400 0.1350 0.1350 0.1350 -0.0050 -3.57% 2,700.0000

    MBT Metropolitan Bank and Trust Co 199 194 199 194 -5 -2.51% 11,485,060.0000

    BEL Belle Corporation 1.040 1.020 1.020 1.020 -0.020 -1.92% 368,953.8750
  • DAILODAILO Member PExer
    PSE Top Issues Traded as of 10:54AM

    SYMBOL SECURITY PREVIOUS LAST HIGH LOW Change %Change VALUE

    BPC Benpres Holdings Corp 4.30 4.35 4.40 4.35 0.05 1.16% 19,342,950.0000

    BW BW Resource Corporation 5.200 5.200 5.400 5.100 0 0.00% 18,925,600.0000

    ALI Ayala Land Inc 5.60 5.80 5.90 5.70 0.20 3.57% 14,485,100.0000

    RPC Reynolds Philippines Corporation 0.830 0.830 0.830 0.800 0 0.00% 13,503,500.0000

    SLC Sun Life Financial Services of Canada, I 760 775 780 775 15 1.97% 0.0000

    SMPH SM Prime Holdings Ltd 5.400 5.400 5.500 5.400 0 0.00% 22,683,200.0000

    AC Ayala Corporation 8 8.20 8.30 8.10 0.20 2.50% 8,633,602.0000

    FLI Filinvest Land Inc 1.940 1.980 2.020 1.940 0.040 2.06% 10,488,540.0000

    PCOR Petron Corporation 1.32 1.34 1.38 1.32 0.02 1.52% 7,691,860.0000

    MPC Metro Pacific Corporation 0.630 0.640 0.650 0.620 0.010 1.59% 7,325,222.0000

  • DAILODAILO Member PExer
    PSE Top Gainers as of CLOSING

    SYMBOL SECURITY PREVIOUS LAST HIGH LOW Change %Change VALUE

    WIN Wellex Industries Inc. 0.7000 0.8000 0.8000 0.7000 0.1000 14.29% 144,000.0000

    DMC DMCI Holdings Inc 0.500 0.550 0.550 0.540 0.050 10.00% 246,500.0000

    PEP Premiere Entertainment Productions Inc 0.360 0.390 0.390 0.390 0.030 8.33% 3,900.0000

    MAC Macroasia Corporation 3.200 3.450 3.600 3.200 0.250 7.81% 2,788,850.0000

    IMP Imperial Resources Inc 0.0280 0.0300 0.0300 0.0300 0.0020 7.14% 69,000.0000

    ATN ATN Holdings Inc 2.900 3.100 3.100 3 0.200 6.90% 204,100.0000

    OM Omico Corporation 0.0080 0.0085 0.0085 0.0085 0.0005 6.25% 1,742,500.1250

    PA Pacific Inc 0.0170 0.0180 0.0180 0.0180 0.0010 5.88% 54,000.0000

    OPMB Oriental Petroleum and Minerals Corp 0.0090 0.0095 0.0100 0.0095 0.0005 5.56% 1,321,500.0000

    SBC Solid Bank Corporation 180 190 190 190 10 5.56% 38,000.0000
  • DAILODAILO Member PExer
    PSE Top Losers as of CLOSING

    SYMBOL SECURITY PREVIOUS LAST HIGH LOW Change %Change VALUE

    PMT Primetown Property Group 0.490 0.350 0.350 0.350 -0.140 -28.57% 3,500.0000

    MARB Metro Alliance Holdings & Equities Corp 1.280 1 1 1 -0.280 -21.88% 20,000.0000

    PPC Pryce Properties Corporation 0.9900 0.8000 0.8000 0.8000 -0.1900 -19.19% 480,000.0000

    FJP F and J Prince Holdings Ltd 1.3000 1.1000 1.1000 1.1000 -0.2000 -15.38% 60,500.0000

    ACR Alsons Consolidated Resources Inc 0.350 0.310 0.350 0.310 -0.040 -11.43% 33,000.0000

    CYBR Cyber Bay Corporation 0.600 0.540 0.540 0.540 -0.060 -10.00% 21,600.0000

    APC APC Group Inc 0.4900 0.4500 0.4500 0.4500 -0.0400 -8.16% 106,764.7109

    BELW Belle Corporation 0.1400 0.1300 0.1350 0.1300 -0.0100 -7.14% 40,000.0000

    PHES Philippine Estates Corporation 0.320 0.300 0.300 0.300 -0.020 -6.25% 72,000.0000

    KPM Keppel Philippines Marine Inc 0.740 0.700 0.740 0.600 -0.040 -5.41% 90,800.0000


    [This message has been edited by DAILO (edited 07-10-2000).]
  • DAILODAILO Member PExer
    PSE Top Issues Traded as of CLOSING

    SYMBOL SECURITY PREVIOUS LAST HIGH LOW Change %Change VALUE

    SMPH SM Prime Holdings Ltd 5.400 5.400 5.500 5.400 0 0.00% 59,538,200.0000

    ALI Ayala Land Inc 5.60 5.80 5.90 5.70 0.20 3.57% 47,400,296.0000

    BPC Benpres Holdings Corp 4.30 4.35 4.40 4.35 0.05 1.16% 33,789,300.0000

    BW BW Resource Corporation 5.200 5.300 5.400 5.100 0.100 1.92% 28,504,700.0000

    AC Ayala Corporation 8 8.20 8.30 8.10 0.20 2.50% 26,008,974.0000

    EBC Equitable PCI Bank, Inc. 43.50 43.50 44 43.50 0 0.00% 22,443,500.0000

    FLI Filinvest Land Inc 1.940 2.020 2.060 1.940 0.080 4.12% 18,193,400.0000

    SLC Sun Life Financial Services of Canada, I 760 775 780 775 15 1.97% 17,590,350.0000

    SMC San Miguel Corp 52 52 52 51.50 0 0.00% 15,301,650.0000

    PCOR Petron Corporation 1.32 1.34 1.38 1.32 0.02 1.52% 14,452,233.0000
  • DAILODAILO Member PExer
    GOOD MORNING PEEPS!

    Good luck on all your Trades!

    GREED IS GOOD! :D:D:D
  • DAILODAILO Member PExer
    Solidbank board approves swap ratio for merger with Metrobank's First Metro


    MANILA (AFX-ASIA) - The board of SolidBank Corp has approved the exchange of 17.5 First Metro Investment Corp common shares for one Solidbank share, Solidbank told the stock exchange.

    First Metro is Metropolitan Bank and Trust Co's wholly-owned investment house. Earlier, Metrobank acquired Solidbank's listing on the stock exchange.

    Solidbank said the final swap ratio was based on Solidbank and First Metro's comparative book values as of April 30.

    Solidbank shareholders in a special meeting last Friday also approved an increase in authorised capital to 8.0 bln pesos from 3.2 bln.

    The shareholders also approved the change in Solidbank's primary business to that of investment house and the change of its name to First Metro Investment Corp.



  • DAILODAILO Member PExer
    Ayala seeks to be "prime mover" in internet economy; building infrastructure


    MANILA (AFX-ASIA) - The Ayala group is positioned to be a "prime mover" in the new economy through its investments to speed up internet access in the Philippines, Ayala Corp president Jaime Augusto Zobel de Ayala said.

    "There's no doubt in my mind that the wireless access to the Internet, as we move into the near future, will become a very important element of how the average Filipino consumer gains access to the internet," Zobel told a lecture forum.

    "Ayala wants to participate in this and wants to be a prime mover and make that infrastructure come alive," he said.

    "In that sense, we're really putting base stations throughout the country. "

    "The whole infrastructure is being rolled down particularly in the urban areas... That's quite exciting as we move on," he added.

    He did not say how much Ayala has allocated for the undertaking.

    Ayala Corp earlier said it plans to spend more than 20 mln usd this year on its internet and information technology initiatives through wholly-owned unit iAyala Co Inc.
  • DAILODAILO Member PExer
    DMCI Holdings Q1 net loss 64.63 mln pesos vs profit of 16.04


    MANILA (AFX-ASIA) - DMCI Holdings Inc first quarter to March results:

    Net loss - 64.63 mln pesos vs profit 16.04 mln

    Revenues - 853.79 mln pesos vs 1.93 bln

    Costs and expenses - 936.37 mln pesos vs 1.86 bln

    DMCI reported to the Securities and Exchange Commission that the prolonged slump in both the property and construction sectors has slowed down business activity in the company's construction flagship DM Consunji Inc and investment arm DMCI Project Developers Inc.

    Construction contracts, which traditionally contribute the largest share of gross revenues, amounted to 704 mln pesos, representing a 57 pct drop from the year-earlier level.

    DMCI Holdings said the current consolidation in the oil and gas industry overseas also caused the deferment of most of the expected projects at its 40 pct-owned heavy fabrication subsidiary, Atlantic Gulf & Pacific Co of Manila Inc.

    In addition, a further softening of coal prices hampered efforts to boost sa les of 74.4 pct-owned coal mining subsidiary, Semirara Coal Corp.

    DMCI said orders shrank to 5.0 bln pesos as of the first quarter amid the slowdown in the construction industry.

    However, the order book level is expected to improve with the recent awarding to DMCI of the construction of the two main terminal buildings at Ninoy Aquino International Airport-3, worth 454 mln pesos, and civil works on the Malampaya onshore gas plant, worth 318 mln.

    "Judging from first quarter trends, prospects for 2000 do not seem promising. Against this scenario, the company intends to focus on its core construction business mainly to utilize its existing landbank for development into middle-income housing and leisure facilities, particularly sports clubs, " DMCI Holdings said.

    DMCI closed up 0.05 pesos at 0.55.
  • DAILODAILO Member PExer
    STOCKWATCH: DMCI off highs on profit-taking after securing new orders


    MANILA (AFX-ASIA) - DMCI Holdings Inc was off its highs, with investors taking profits after a sharp rise earlier on buying likely associated with new construction orders, dealers said.

    They said the first quarter net loss reported by the company was expected, given the continued slump in the property sector.

    At 10:50 am, DMCI was up 0.03 pesos or 5.45 pct at 0.58 after a high of 0. 62 on volume of 290,000 shares.

    The composite index was up 6.97 points at 1,564.54 on 331.2 mln shares worth 369.7 mln pesos.

    Dealers said the stock's sharp rise provided some investors an opportunity to cash out.

    Vickers Ballas Securities Philippines Inc associate director for sales Eric Santa Ana said DMCI rose after the company recently won major new contracts.

    DMCI yesterday said its orders on hand will be boosted by contract awards to build two main terminal buildings at Ninoy Aquino International Airport-3, worth 454 mln pesos, and to undertake civil works on the Malampaya onshore gas plant, worth 318 mln.

    DMCI reported a first quarter net loss of 64.63 mln pesos against a net profit of 16.04 mln last year.

    KGI Securities vice president for sales Fitz Aclan said DMCI's first quarter net loss had been expected.

    "There may just be a buying order, that's why it hit that level," Aclan said, adding that the stock is relatively illiquid at present.

    Magnum International Securities Inc analyst Lawrence de Leon said the sustainability of the rise in DMCI is uncertain, with the outlook in the property sector still weak.

    "The property sector outlook is very very soft. There is still lack of demand. The construction sector may remain flat or sluggish for the next 6-12 months," de Leon said.
  • KiddKidd One Big Fight! PEx Veteran ⭐⭐
    Guys, what's your take on our stock market now? Do you feel it's starting to bottom out or are there still a lot of uncertainties?

    Personally, am starting to get really excited with the market again. I feel this might be the time to get in good and solid companies while prices are still at their bargain basement levels.
  • DAILODAILO Member PExer
    Philippine SEC to submit BW Resources investigation report by Monday


    MANILA (AFX-ASIA) - The Securities and Exchange Commission will submit by Monday its final report on alleged illegal trading activity in BW Resources Corp shares, although there is a lack of evidence on two issues, SEC prosecution and enforcement department director Elizabeth Martin told AFX-ASIA.

    In the report, the SEC will recommend that charges be filed against BW majority owner Dante Tan and his BW co-shareholder Jimmy Juan for alleged price manipulation, she said.

    "I have objections on only two items and I think these two charges to my mind are not properly documented," Martin told AFX-ASIA by telephone interview.

    She was responding to a newspaper report today which said she finds the entire BW case weak, contrary to her earlier position that the case is strong.

    Martin said the areas of the case she finds weak relate to the role of done-through transactions and private placements as performed by brokers involved in the BW case.

    "These two acts are not illegal acts per se. They will have to be part of a bigger manipulative scheme to be illegal," Martin said.

    Done-through transactions involve brokers placing buy or sell orders with other brokers. Private placements are negotiated purchases of publicly-listed shares.

    "There is no doubt in my mind that there is a strong case in all the other issues. I think the SEC will pursue all the other cases except the ones I pointed out," Martin said.

    Martin said the SEC is currently completing the documentation needed before filing the report with the Justice Department.

  • DAILODAILO Member PExer
    Uniwide hopes to conclude debt restructuring talks with BPI soon


    MANILA (AFX-ASIA) - Uniwide Holdings Inc said it hopes to conclude debt restructuring talks with Bank of the Philippine Islands soon.

    "We have been in continuing discussions with BPI to accept the terms and conditions of the Uniwide group's amended rehabilitation plan as proposed along with the other creditor banks. We hope that we can conclude negotiations with BPI soon," Uniwide said in a notice to the stock exchange.

    At 10:11 am, Uniwide was untraded at 0.51 pesos.

  • DAILODAILO Member PExer
    MacroAsia signs jv agreement with Lufthansa Technik


    MANILA (AFX-ASIA) - MacroAsia Corp said it has signed a joint venture and share purchase agreement with Lufthansa Technik AG to form Lufthansa Technik Philippines Inc.

    In a disclosure to the Philippine Stock Exchange, MacroAsia said Lufthansa Technik will hold 51 pct of LTP's shareholdings and MacroAsia the remaining 49 pct.

    MacroAsia gave no other details.

    In June 1999, MacroAsia signed a letter of intent with Lufthansa Technik to establish a joint venture company to operate an aircraft maintenance and overhaul facility in the Philippines.

    MacroAsia rose 0.10 peso to 3.55.
  • DAILODAILO Member PExer
    STOCKWATCH: Megaworld lower on profit-taking


    MANILA (AFX-ASIA) - Shares of Megaworld Corp were lower on profit-taking after weeks of sharp gains, amid a strong earnings outlook over the next 2-3 years with five or six projects due for launch this year, dealers said.

    At 11:34 am, Megaworld was down 0.02 pesos or 2.06 pct at 0.95 on volume of 34.01 mln shares.

    The composite index fell 8.51 points to 1,554.57.

    "Over the past three weeks, Megaworld has outperformed the market, coming from 0.69-0.70-peso levels before its runup. So we expected to see some correction," Erwin Balita, an analyst with Securities 2000 Inc, said.

    "In the last two to three weeks, (Megaworld) has gained some 20-30 pct, so there's profit-taking now. They have good prospects, especially as they are aiming to launch a lot of projects this year," Dexter Lee, property analyst at Citisecurities Inc said.

    Lee said these projects include the IBM Plaza in Eastwood City and residential projects in Metro Manila such as 8 Wack Wack Road in Mandaluyong; El Jardin; Olympic Heights Tower 2; San Francisco Gardens; and Gilmore Heights.

    "Megaworld...is launching five to six projects this year due to resilient demand in the middle-income residential sector," Balita said.

    The impact of these projects on earnings will be minimal this year, but will be reflected in figures in two to three years, he said.

    Lee added that while Megaworld's mass-housing unit Empire East Holdings Inc will still experience earnings difficulties this year due to the slow take-up for some of its projects, the company has positioned itself well for when the sector recovers.

    Lee said Megaworld's attempt to reduce its debts to nearly zero by this quarter is also a welcome move.

  • manabsmanabs Member PExer
    Hi Dailo. Is it now possible to trade Filipino stocks online?
  • DAILODAILO Member PExer
    Good Morning PExers!

    Happy Trading today!

    GREED IS GOOD! :D:D:D
  • DAILODAILO Member PExer
    July 12, 2000

    Philippines to allow internet providers to offer VOIP services


    MANILA (AFX-ASIA) - The National Telecommunications Commission will allow internet service providers to offer voice over internet protocol (VOIP) to customers, NTC common carriers accreditation division chief Edgardo Cabarios said.

    The regulatory body is already preparing a draft circular on this.

    The technology permits subscribers of internet service providers to talk to people logged on the internet using their computers, telephone connection and other special equipment.

    At present, it is illegal for internet providers to offer the service.

    "Under the draft memorandum circular, internet service providers must have an agreement with authorised local exchange carriers before they could offer VOIP. Another condition is that they can only get international circuits from authorised international gateway facility operators for their needs," Cabarios said.

    Cabarios said the memorandum circular will be released by July.

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