PhilWeb Receives Green Light to Offer E-Gaming System Service

PhilWeb Corp. (PSE: WEB) has received a letter from the Philippine Amusement and Gaming Corp. (PAGCOR), allowing it to offer its services as an electronic gaming system service provider to the first 16 PAGCOR-licensed gaming sites for electronic games, subject to inspection and testing by PAGCOR. Related Articles:PhilWeb Subsidiary Acquires PAGCOR e-Games Site in MandauePhilWeb […]
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PhilWeb Subsidiary Acquires PAGCOR e-Games Site in Mandaue

Makati—(PHStocks)—PhilWeb Corp. (PSE: WEB), thru its subsidiary BigGame Inc., has acquired 100% ownership of a PAGCOR e-Games site in Mandaue City from Noel C. Basubas by giving the latter 150,000 PhilWeb common shares, at a price of PhP11.00 per share, for his 49% ownership in said site. Related Articles:PhilWeb 2015 Net Income Hits PhP870MPhilWeb Receives […]
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PSEi Breaches 8,000

Manila—(PHStocks)—Following a slight dip in the previous trading session, Philippine stocks recovered to close today’s market a little above the 8,000-point mark. The mainboard Philippine Stock Exchange index (PSEi) jumped by 1.19% or 93.72 points to close today’s session at 8,001.38. The wider All Shares index, meanwhile, went up by 0.94% to finish at 4,760.27. […]
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Roberto Ongpin Sells Remaining Stake in WEB to Gregorio Araneta

Makati—(PHStocks)—Today, June 2, 2017, Roberto V. Ongpin sold 118,500,000 shares of PhilWeb Corp. (PSE: WEB) to Gregorio Araneta Inc. (GA) at a price of PhP2.60 per share. The transaction marks the second and final tranche of the sale of Ongpin’s full holdings in WEB to GA, following closely on the first tranche of 653,151,896 WEB […]
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PHStocks Exclusive: Top 30 Best Performing Stocks in May 2017

Manila—(PHStocks)—The PHStocks top performers and losers list returns after several months of absence. As always, the list is based on the price performance of stocks based on their closing price at the last trading day of the prior month and their closing price at the last trading day of the month in review. So, without […]
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PHStocks Exclusive: Top 30 Losers in March 2016

Manila—(PHStocks)—Last week, we presented the 50 best stock performers for March. This post lists the top 30 decliners during the month. PHStocks only selected 30 as the rest in the “Losers Bracket” of our analysis remained flat in March. 1. Agrinurture Inc. (PSE: ANI): PhP4.70, -19.24% 2. Liberty Telecoms Holdings Inc. (PSE: LIB): PhP3.56, -11% […]
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PhilWeb 2015 Net Income Hits PhP870M

Makati—(PHStocks)—PhilWeb Corp. (PSE: WEB), the service provider to PAGCOR’s network of e-Games outlets, released its audited financial statements for 2015, showing an increase in revenue despite increased competition from other forms of gaming operations. Annual revenue totalled PhP1.67 billion, while net income was PhP870 million. Income before tax and EBITDA were all higher than the […]
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PHStocks Exclusive: Top 40 Best Performing Stocks in 2015

Manila—(PHStocks)—Happy New Year! We are back again with our list of top performing stocks for the year. The year 2015 has marked another roller coaster ride for Philippine stocks. The Philippine Stock Exchange index dropped by 278.49 points or 3.85% to close the year at 6,952.08—the first time in six years that the index ended […]
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