stocks
ARTICLE FINDER

New milestone as Philippine stocks breach 8,300 mark

Sep 21, 2017 - 6:50 PM

Ignoring the political noise in the country, investors mainly react to the US Federal Reserve's expected rate decision later in the year

ON A ROLL. At the close of Thursday’s trading, the PSEi is at 8,286.86 points, up by 67.54 or 0.8% from Wednesday’s close. All sectoral indices also ended higher with the Holding Firms and Industrial counters up the most, gaining 1.3% and 1%, respectively. Photo from PSE

After 2GO, SM group not looking to buy other logistics firms

Sep 20, 2017 - 7:45 PM

The president of SM Investments Corporation says their plate is 'full' when it comes to the logistics sector

PLATE IS FULL. 'No. At this time, we are fairly new in 2GO. We believe there is a lot of growth opportunities in 2GO,' SMIC chief Frederic DyBuncio replies when asked if SM is interested in other logistics firms. Photo by Rob Reyes/Rappler

PH stocks break 8,200 level, post 3rd straight all-time high

Sep 18, 2017 - 8:35 PM

Local stocks post a new milestone just before the Chinese ghost month ends on Tuesday, September 19

NEW MILESTONE. On Monday, September 18, the Philippine Stock Exchange index (PSEi) close at a record high of 8,294.14, up by 113.29 points or 1.4% from Friday, September 15. Photo courtesy of PSE

August net outflows hit $58M as ghost month begins

Sep 14, 2017 - 8:40 PM

Tensions between the US and North Korea mixed Q2 corporate results and political developments also contribute to investor hesitancy according to the Bangko Sentral ng Pilipinas

Philippine stocks post all-time high amid upbeat U.S. market

Sep 14, 2017 - 5:10 PM

UPDATED Aside from upbeat US data there is one foreign broker who released a buy recommendation on Philippine property shares says an analyst

RECORD HIGH. The PSEi closed at 8,144.91, up by 91.03 points or 1.13% from Wednesday, September 13's close. Photo from PSE

PSE withdraws PCC notification on PDS merger, to refile soon

Sep 13, 2017 - 6:08 PM

Once it completes information needed PCC says PSE intends to refile its PDS merger notification as soon as possible

MERGER SETBACK. The long-planned merger between the country's securities and bond markets is a priority for PSE president and chief executive officer Ramon Monzon. File photo

U.S. stocks end at records; Strong pound weighs on FTSE

Sep 13, 2017 - 9:25 AM

World stock markets mostly rise with Wall Street scoring fresh records as concerns over North Korea and US hurricanes faded

UP. A man stands in front of a stock quotation board flashing the Nikkei 225 key index of the Tokyo Stock Exchange in Tokyo on September 12, 2017. Kazuhiro Nogi/AFP

Chelsea Logistics offers to buy Starlite Ferries

Sep 04, 2017 - 2:00 PM

Dennis Uy says the planned acquisition will bring Chelsea Logistics a step closer to fulfilling its growth commitment

PLANNED ACQUISITION. Starlite and its subsidiaries have 14 vessels in the fleet, of which 5 are RORO passenger vessels that were acquired in 2016 and 2017. Photo from Starlite official website

PSE buys IHAP's stake in PDS Holdings

Aug 29, 2017 - 4:37 PM

The acquisition is part of the planned unification of equities and fixed income exchange

PDS MERGER. Under the share purchase agreement, PSE will buy IHAP’s 0.5831% interest in PDS Holdings. This will boost PSE's stake in the operator of the country's fixed income exchange to 53.36%. File photo

SM wants to buy into Goldilocks

Aug 29, 2017 - 1:40 PM

The conglomerate of Henry Sy Sr the country s richest man is in preliminary talks with Goldilocks the country s largest bakeshop chain for a potential investment

NEW PROSPECT. The country's largest mall developer plans to acquire shares in Goldilocks Bakeshop. Photo from Wikipedia commons

Busan Universal Rail calls DOTr's move to end contract 'unfair'

Aug 28, 2017 - 9:35 PM

The Korean Filipino maintenance service provider says it should not be blamed for every MRT3 glitch but transportation official Cesar Chavez says most train issues are due to poor maintenance

'UNFAIR.' The Depertment of Transportation is set to terminate the contract with Busan Universal Rail Incorporated (BURI) for the rising number of train service interruptions. BURI calls this move 'unfair.' Rappler graphic by Nico Villarete

DW Capital faces SEC probe for P2.6B in 'unauthorized' trades

Aug 25, 2017 - 5:30 PM

This comes after the watchdog unit of the Philippine Stock Exchange sought the corporate regulator s nod to take over DW Capital

ANOTHER FIASCO. PSE issues preventive order after the lawyers of the clients of DWCI requested to prohibit DWCI from trading the shares of stock of their clients. Brokers, traders and staff at the Philippine Stock Exchange. Photo by LeAnne Jazul/Rappler

To save the firm, Calata to sell out to Millennium Global

Aug 18, 2017 - 11:40 AM

This comes after the Philippine Stock Exchange initiated a delisting procedure against the agribusiness firm due to multiple disclosure violations

PROTECT SHAREHOLDERS. As a neophyte member of the PSE, Calata admits it struggled to comply with all the rigorous regulatory requirements of corporate regulators. File photo

10 years ago: A harbinger of 2008 financial crisis

Aug 15, 2017 - 1:30 PM

The first signs of the 2008 financial crisis showed up in August 2007

IN THE RED. In this file photo, an investor reacts as he monitors the share index at a private stock market gallery in Kuala Lumpur on September 18, 2008. AFP file

Toshiba reports long-delayed earnings, posts $8.8-B loss

Aug 10, 2017 - 12:07 PM

Toshiba had repeatedly delayed the release of its financial statements saying it needed more time to gauge the impact of its US unit Westinghouse Electric on its balance sheet

TOSHIBA. The logo of Japanese conglomerate Toshiba is seen on a wall of a building in Kawasaki, suburban Tokyo, on December 29, 2016. Photo by Toru Yamanaka/ AFP

Chelsea Logistics stock closes in the red on PSE debut

Aug 08, 2017 - 5:55 PM

Investors take their profits after initially seeing gains on Chelsea Logistics first day of trading

Aboitiz consolidates water utility, infrastructure investments

Aug 03, 2017 - 5:05 PM

This comes after Aboitiz InfraCapital bought an 11 14 stake in Balibago Waterworks System for P275 million

ONE BAG. 'These steps are key for [Aboitiz InfraCapital] to achieve its goal of building franchises across the entire water value chain,' Erramon Aboitiz says. Photo from http://aboitizeyes.aboitiz.com/

PSE plans to offer more shares to bring PDS merger closer

Aug 02, 2017 - 9:51 PM

The operator of the country’s stock exchange also announces a net income drop of 7 to P345 15 million for the 1st half of this year

Big business winners, losers in Duterte's 1st year

Jul 24, 2017 - 5:03 PM

The stock price of Dennis Uy s Phoenix Petroleum increased about 92 from July last year while Ongpin associated Philweb s stock price fell 46 3

FIREBRAND. Though President Rodrigo Duterte has for the most part left businessmen on their own, his tirades against select businessmen have brought about  tremors at the Philippine Stock Exchange.

Chelsea Logistics' final offer price: P10.68 each

Jul 20, 2017 - 7:11 PM

This is lower compared to the P14 63 maximum offer price earlier set by the company

GO PUBLIC. Thirty percent of the company’s outstanding common shares will be listed with the Philippine Stock Exchange on August 8 under the ticker symbol 'CLC.' In the photo is Chelsea founder Dennis Uy. Photo by LeAnne Jazul/Rappler

PSE to sell common shares to reduce broker ownership

Jul 20, 2017 - 2:17 PM

The share sale is part of the company’s move to reduce brokers ownership in the stock exchange to 20 as prescribed under the Securities Regulation Code

REDUCE OWNERSHIP. Brokers, traders and staff of the Philippine Stock Exchange await the arrival of President Rodrigo Duterte during Phoenix Petroleum's 10th listing anniversary. Photo by LeAnne Jazul/Rappler

PSE approves Dennis Uy's Chelsea Logistics IPO

Jul 19, 2017 - 5:52 PM

Priced at P14 63 each Chelsea Logistics expects to earn P7 59 billion from the initial public offering to fund its fleet expansion and acquisition of logistics and shipping firms among others

TO BE PRIME MOVER. 'Going public will further strengthen our position to serve the need for better shipping and logistics in a fast-growing economy like the Philippines,' Chelsea founder Dennis Uy says. Photo by LeAnne Jazul/Rappler

Dennis Uy, Duterte's friend, creates P100-M mutual fund for gov't troops

Jul 11, 2017 - 10:31 PM

The mutual fund would offer financial security to soldiers and policemen as well as their families through sound investment practices and guidance programs

GRANT FOR SOLDIERS. Phoenix Petroleum CEO Dennis Uy (right) was among the major campaign contributors of President Rodrigo Duterte in 2016. Photo by Leanne Jazul/Rappler

Dennis Uy's Chelsea Logistics gets SEC approval for IPO

Jul 11, 2017 - 9:10 PM

The Securities and Exchange Commission approves Chelsea Logistics Corporation s planned P8 billion initial public offering

'GREAT DAY.' 'This is a great day for us. Thank you. I hope we can get the support of the investors,' Chelsea chief Dennis Uy says. Photo by Leanne Jazul/Rappler

Duterte visits PSE for campaign donor Dennis Uy

Jul 11, 2017 - 7:14 PM

Duterte is the first Philippine president in recent history to attend the anniversary of the listing of a company at the Philippine Stock Exchange

FIRST VISIT TO PSE. President Rodrigo Duterte and Cabinet members join Phoenix Petroleum CEO Dennis Uy onstage at the PSE trading hall. All photos by LeAnne Jazul/Rappler

$544M of hot money flows out of PH in first 5 months of 2017

Jun 18, 2017 - 10:20 PM

A net total of 543 79 million in foreign portfolio investments flows out in contrast to the 178 million in net inflows for the January May period last year

Proposed SEC rule to hit San Miguel, PAL Holdings, Andrew Tan firms

Jun 17, 2017 - 10:49 AM

About 68 listed Philippine firms including 4 Andrew Tan led businesses will need to sell more shares to the public if SEC hikes the minimum public float to 20

RAISE. The SEC proposed to double the minimum public float level to 20% by July 1, 2017.

Alejandro De Castro: A new beginning at 100

Jun 16, 2017 - 5:01 PM

The co founder of the Makati Stock Exchange is celebrating his centenary year with his first one man show at SM Aura Premier this month

Philippine stocks, peso down on another U.S. Fed hike

Jun 15, 2017 - 8:45 PM

The US Federal Reserve s decision to raise the benchmark interest rate for the 2nd time this year is the primary market mover on Thursday June 15

ANTICIPATED. The US Federal Reserve's decision to raise interest rates for the second time this year is a move widely expected by economists and investors. Rappler file photo

San Miguel group to comply with 20% minimum public float

Jun 15, 2017 - 5:10 PM

Tycoon Ramon Ang confirms San Miguel Corporation and its unit San Miguel Pure Foods will sell some shares for compliance

TO COMPLY. San Miguel's public float is currently at 15.27%, while San Miguel Pure Foods' free float is at 14.61%. File photo by AFP

Resorts World Manila operator vows to 'defend' gaming license

Jun 13, 2017 - 6:00 PM

This comes after the Philippine Amusement and Gaming Corporation s decision to suspend the provisional license of the casino

QUIET. Firemen break several windows at the height of the fire during the attack of the casino hotel complex on June 2, 2017. Photo by LeAnne Jazul/Rappler

Resorts World Manila loses P7-B market value a week since attack

Jun 11, 2017 - 10:30 AM

The declining stock price of RWM makes even more evident the company s struggling performance over the last few years due to increasingly tough competition in the casino market

Resorts World Manila facade 2 days after the attack. Photo by LeAnne Jazul/Rappler

How investors view BPI's system glitch

Jun 07, 2017 - 2:28 PM

BPI s stocks remain unaffected despite the internal glitch that caused unauthorized transactions on numerous accounts

GLITCH. BPI stocks remain unaffected despite an internal error that caused unauthorized transactions on numerous accounts. Photo by LeAnne Jazul/Rappler GLITCH. Numerous clients reported unauthorized transactions on their accounts; however, BPI's stock price remains unaffected. Photo by LeAnne Jazul/Rappler

Casino stocks plunge after Resorts World Manila attack

Jun 02, 2017 - 10:00 PM

This is one of the reasons the main Philippine Stock Exchange index closed in the red on Friday June 2

SAD DAY. 'At approximately 12 midnight on June 2, 2017, a lone gunman barged into Resorts World Manila firing shots and setting gaming tables on fire,' Stephen Reilly, Resorts World Manila COO, says. Photo by Rob Reyes/Rappler

SEC to double public float requirement to 20%

May 31, 2017 - 8:40 PM

Companies with existing registration statements filed with the SEC and whose shares are currently traded in the local bourse will also be covered

NEW REQUIREMENT. In a proposed SEC Memorandum Circular disseminated for public comment on Wednesday, May 31, the securities regulator says the 20% minimum public float will be effective starting July 1 this year. Rappler file photo

Eagle Cement aims to be market leader by 2020

May 29, 2017 - 5:15 PM

Investors swarm Eagle Cement s debut on the Philippine Stock Exchange as the Ang led company goes full blast in its expansion

RISE ABOVE. Eagle Cement Chairman Ramon Ang said his company aims to expand its market share to at least 25% by 2020, from the current 14%. Photo by Alecs Ongcal/Rappler

Philippine peso, stock market stable despite martial law declaration

May 24, 2017 - 10:15 PM

BSP Governor Amando Tetangco Jr points out however that there may be temporary cautiousness in the next few days

PLDT sells remaining stake in SPi Global

May 22, 2017 - 4:45 PM

The transaction values SPi Global at 330 million P16 42 billion

EXITING. Private markets investment manager Partners Group will acquire SPi Global on behalf of its clients from CVC Capital Partners Asia III and PLDT Global Investments Corporation, an indirect subsidiary of PLDT. Rappler file photo

PSE approves Eagle Cement, Cebu Landmasters IPOs

May 10, 2017 - 9:10 PM

The offer period of Eagle Cement will be from May 16 to 22 while the Cebu Landmasters offering will be from May 19 to 26

New PSE president to focus on PDS merger, lowering broker ownership

May 08, 2017 - 11:15 AM

Ramon Monzon says the Philippine Stock Exchange wants the long planned merger between the country s securities and bond markets to happen by July

Mining stocks surge as Gina Lopez loses DENR post

May 03, 2017 - 6:25 PM

For some miners it is business as usual But for the mining chamber the next step is to seek a reversal of all the negative orders that Lopez issued

STOCKS SURGE. Mining and oil, which consists heavily of miners, earned 339.02 points, ending at 12,772.82 on Wednesday, May 3. PSE photo by Noel Celis/AFP, Gina Lopez photo by Lito Boras/Rappler

Del Monte sells 20 million shares of dollar-denominated offer

Apr 12, 2017 - 3:55 PM

The shares have been issued and listed on the Philippine Stock Exchange since April 7

SEC rejects LBC's planned P1.2-B share sale

Apr 12, 2017 - 1:00 PM

UPDATED This is because LBC failed to disclose key information in its prospectus including legal proceedings involving its major shareholders

NON-DISCLOSURE. Last October, LBC filed with the SEC an application to sell 69.1 million shares with a proposed maximum offer price of P17 per share. Image from LBC Express website

PSE announces 58 listed companies are now Shariah-compliant

Apr 07, 2017 - 8:16 PM

The latest count is its highest record since October 2015

HIGH RECORD. The PSE announces 58 companies are now Shariah-compliant, the highest record since October 2015.

Del Monte Pacific lists the first dollar denominated shares in the Philippines

Apr 07, 2017 - 7:24 PM

The company seeks to raise funds in order to refinance a 350 million bridge loan from BDO Unibank Inc

How SM Investments acquired stake in 2GO

Apr 04, 2017 - 2:25 PM

The Sy led conglomerate acquires a 34 5 stake in 2GO s parent company for 124 50 million

NEW INVESTOR. SM Investments Corporation is a new investor in 2GO, through a deal with its parent firm. Here is the brand structure of the logistics firm. Screenshot from 2GO website

Can conglomerates foster inclusive development in PH?

Apr 03, 2017 - 10:00 AM

The country faces a dilemma in development as it strives to achieve growth and progress amid distress and poverty

DILEMMA. The Philippines is one of the fastest growing economies despite having the third highest poverty incident rate in ASEAN.

PH AirAsia plans to go public in 2017 for fleet expansion

Apr 03, 2017 - 12:00 AM

The local airline wants to increase its fleet from 14 to 17 jets to accommodate new operations

GOING PUBLIC. The budget carrier is mulling to go public to raise funds for its expansion programs. File photo by Rappler

Wilcon Depot gets warm reception at PSE debut

Mar 31, 2017 - 5:56 PM

The leading home improvement retailer is the first company to be listed on the stock exchange this year

WARM RECEPTION. Wilcon Depot, Inc. closed its first day on the stock exchange with warm reception from investors.

Jollibee to continue stinging McDonald's despite labor issues

Mar 29, 2017 - 6:51 PM

At present Jollibee already has 978 stores nationwide while McDonald s has 521 stores

HUNGRY FOR MORE. Jollibee, known for its Chickenjoy fried chicken and sweet spaghetti, tells the Philippine Stock Exchange that the brand expects to maintain significant lead over its key competitor in the coming years. Rappler file photo