Ayala Acquires NTC

AC Education Inc. (AEI), the wholly-owned education arm of Ayala Corp. (PSE: AC), was selected as the winning bidder of the tender process conducted for the sale of shares of National Teachers College (NTC). A Share Purchase Agreement for approximately 96% of NTC’s shares has been executed by the parties. The acquisition remains subject to […]
Continue reading…

 

Ayala Proposes Merger of AC Education with iPeople

iPeople Inc. (PSE: IPO), the listed holding company for the education sector of House of Investments Inc. (PSE: HI), a member of the Yuchengco Group of Companies, and AC Education Inc. (AEI), the wholly-owned education arm of Ayala Corp. (PSE: AC), have executed a Non-Binding term sheet for their potential merger. Under the Non-Binding term […]
Continue reading…

 

iPeople Declares Cash Dividends

Makati—(PHStocks)—iPeople Inc. (PSE: IPO) has declared a cash dividend of PhP0.06 per share or 6% cash dividend with a total amount of PhP44,935,993.26 from the company’s unrestricted retained earnings as of December 31, 2016 to the shareholders of record as of July 28, 2017. Payment date is on August 23, 2017. Related Articles:Ayala Acquires NTCAyala […]
Continue reading…

 

iPeople On Track with 2017 Targets

Makati—(PHStocks)—iPeople Inc.’s (PSE: IPO) first quarter consolidated revenues dropped by 15% from PhP637 million in 2016 to PhP543 million in 2017. Consolidated net income also dropped by 35% to PhP147 million in 2017 from the PhP225 million posted in 2016. This is attributable to the significant drop in college freshmen enrollment as a result of […]
Continue reading…

 

PHStocks Exclusive: Top 50 Best Performing Stocks in April 2016

Manila—(PHStocks)—We have yet to see the real impact of the recent elections in our country’s stock market. Over the past few days, however, the Philippine Stock Exchange index has seen pretty strong finish owing to the relatively fast, credible and peaceful national elections on May 9. Market observers meanwhile expect the euphoria to taper in the next […]
Continue reading…

 

Datem: Uncertainty Behind IPO Delay

Uncertain market conditions prompted Datem, Inc. to shelve a planned initial public offering (IPO), the construction firm said on Monday. Related Articles:Nickel Asia Prospectus for IPO Now AvailablePHStocks Exclusive: Top 50 Stock Price Gainers in DecemberPHStocks Exclusive: Top Stock Performers for NovemberPH Stocks Recover as US Stocks Rebound on Improved Economic DataPHStocks Dividend Roundup
Continue reading…

 

PHStocks Exclusive: Top 50 Stock Price Gainers in December

Manila—(PHStocks)—The last month of the year saw realignment of investor portfolio amid the strong rallies over the previous weeks leading into the holidays. A Santa Claus rally was also observed, with the Philippine Stock Exchange index (PSEi) recovering losses to finish the last trading day of the year at 7,230.57, up by 0.62% or 44.25 […]
Continue reading…

 

PH Stocks Bounce Back

Manila—(PHStocks)—Local stocks recover on Friday, 28 November, as investor appetite returned after the sellout in the previous day due to profit taking and the lower-than-expected GDP crowth for the country. The Philippine Stock Exchange (PSE) index went up by 0.4% or 29 points to finish the month’s trading at 7,294.38. Most counters were back in […]
Continue reading…