PHStocks

Manila—(PHStocks)—Profit taking has pulled down the mainboard Philippine Stock Exchange index (PSEi) back to the 4,800 territory, with the index closing at 4,893.48 points at the end of trading day Thursday, 23 February. This is down by 0.83% from yesterday’s value, and by 1.03% from the 4,943.84 points registered on 20 February. On a sectoral basis, the Financials index went up by 0.45% while the Holding Firms counter managed a…

UK–(PHStocks)–Forum Energy PLC, the UK incorporated oil and gas exploration and production company with a focus on the Philippines, has announced its audited results for the year ended 31 December 2011. Revenues more than doubled to $12.7 million in 2011, up from $6.1 million in the previous year. Net profit, meanwhile, reached $3.4 million, recovering from a $0.6 million loss in 2010. Philex Petroleum Corp. (PSE: PXP), a subsidiary of…

Makati–(PHStocks)–The Board of Directors of MRC Allied Inc. (PSE: MRC) has approved a rights offer to all existing shareholders at a ratio of one share for every one share owned at the Offer Price of PhP0.20 per share. The Board and/or the President were duly authorized to determine the terms, conditions and other details of the Rights Offer. MRC Allied has engaged Philippine Commercial Capital Inc. (PCCI) as its underwriter….

Manila–(PHStocks)–Puregold Price Club Inc. (PSE: PGOLD) has reported gross sales of PhP39.05 billion for the full year ended 31 December 2011, up from PhP29.15 billion in 2012. Gross profit reached PhP5.53 billion, while net income went up to PhP1.54 billion, up from PhP510 million in 2010. Basic earnings per share is PhP0.97, up from PhP0.40 in 2010. Click here for more information. Related Articles:PHStocks Week in Review: Still GrowingPH Stocks Arrest Decline PHStocks…

Toronto–(PHStocks)–Manulife Financial Corp. (PSE: MFC) has completed its offering of 10 million Non-cumulative Rate Reset Class 1 Shares Series 7 (the “Series 7 Preferred Shares”) at a price of $25 per share to raise gross proceeds of $250 million. The offering was underwritten by a syndicate of investment dealers co-led by Scotia Capital Inc., RBC Capital Markets and TD Securities. The Series 7 Preferred Shares commence trading on the Toronto Stock Exchange…