MAKE: Acquisition of Operating Assets of Mega Asia Bottling

Maybank ATR Kim Eng Financial Corp. (PSE: MAKE) subsidiary ARC Refreshment Corp. will acquire substantially all the operating assets of Mega Asia Bottling Corp. consisting of machinery and equipment used in the operation of Mega Asia and such other assets deemed necessary for bottling operations. The subsidiary will also acquire the operating assets of Asiawide […]
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PHStocks Exclusive: Top 50 Stock Performers for December

Here are the top 50 stock performers for the month of December (last trading date, 27 December 2013): 1. MacroAsia Corp. (PSE: MAC): PhP 3.95, 106.8% 2. Synergy Grid & Development Phils. Inc. (PSE: SGP): PhP390.00, 25.89% 3. Atlas Consolidated Mining and Development Corporation (PSE: AT): PhP14.54, 24.49% Related Articles:PHStocks Exclusive: 50 Top-performing Stocks for 2013PHStocks Exclusive: […]
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PH Stocks Slip on Profit Taking

Manila—(PHStocks)—Philippine stocks falter Thursday, 24 October, as investors locked in their gains after a two-day rally. The Philippine Stock Exchange index (PSEi) slid by 0.77% or 51.34 points to close at 6,583.77. All counters except the Mining and Oil segment (+0.18) were down, led by the Property sector, which declined by 1.64%. The wider All […]
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PH Stocks Up on Positive Vibes on US Debt Resolution

Manila—(PHStocks)—Philippine stocks recovered on Wednesday, 16 October, as most investors expect resolutions on the US impasse on shutdown as well as the debt ceiling. The mainboard Philippine Stock Exchange index (PSEi) went up by 0.63% or 40.87 points to close the day’s trading at 6,483.57 – failing to break the 6,500 mark despite gaining as […]
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PH Stocks Flat After Profit Taking

Manila—(PHStocks)—Philippine stocks ended the trading week nearly flat as investor lock in their gains after the market surge on Wednesday on Asian Development Bank’s  (ADB) revised forecast on the country’s economic growth. ADB forecasts the Philippines’ economy to grow by 7 percent—up from the previous 6 percent—while lowering those for the rest of Southeast Asia. […]
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PH Stocks Surge on Strong Economic Forecast

Manila—(PHStocks)—Philippine stocks surged Wednesday, 2 October, as the Asian Development Bank (ADB) upped its economic growth forecast on the Philippines. In its Asian Development Outlook (ADO) update report, the ADB announced revisions for its growth forecasts for countries in the Asia-Pacific region. ADB forecasts the Philippines’ economy to grow by 7 percent—up from the previous […]
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PH Stocks Recover on Bargain Hunting

Manila—(PHStocks)—Philippine stocks snapped their five-day losing streak Tuesday, 1 October, as investors hunt for bargains amid low stock prices. The mainboard Philippine Stock Exchange index (PSEi) went up by as much as 59.4 points early in the trading day, before news of the U.S. government shutdown trimmed gains. The PSEi closed the first trading day […]
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PH Stocks Buoyed by Positive Signals from US Market

Manila—(PHStocks)—Philippine stocks recovered Thursday, 18 July, as investors take a positive cue from statements by the US Fed’s Ben Bernanke on Wednesday, 17 July. The benchmark Philippine Stock Exchange (PSE) index increased by 1.12% to 6,648.35 – recovering from the previous day’s 0.13% decline. All counters were in the green, with the Property sector leading […]
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