Another year of trading is over. The Philippine Stock Exchange (PSE) index finished 2017 at a record high 8,558.42 on Friday, 29 December 2017. It was the 14th time that the index closed at a record high during the year. For 2017, the index gained 25%. Of course, it’s also that time of the year […]
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Makati—(PHStocks)—BDO Unibank Inc. (PSE: BDO) announced that the Board of Directors of the Philippine Stock Exchange (“PSE”), during its meeting on 14 December 2016, approved the listing of the new common shares to be issued from the Bank’s program to raise up to PhP60 billion (approximately $1.2 billion) in additional core capital through a stock […]
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Pasay—(PHStocks)—SM Investments Corp. (SMIC, PSE: SM) has set the coupon for its Peso-denominated Series G, 7-year retail bonds at 5.1590% p.a. SMIC will issue an aggregate principal amount of PhP15 billion of the Series G bonds, with an option to issue an additional amount of up to PhP5 billion. The bonds are scheduled to be […]
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Pasay—(PHStocks)—SM Investments Corp. (PSE: SM) reported today that the company has obtained the approval of the Securities and Exchange Commission for the merger of Sy family-owned specialty stores into SM Retail Inc. Under the terms of the deal, over 1,300 retail outlets will be folded into SM Retail in exchange for shares of stock in […]
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Below is the list of the top 50 strongest performing stocks for the month of March. 1. Concrete Aggregates Corp. “A” (PSE: CA): PhP339, 438.09% 2. Da Vinci Capital Holdings Inc. (PSE: DAVIN): PhP5.90, 115.33% 3. Mabuhay Vinyl Corp. (PSE: MVC): PhP4.78, 71.94% 4. Synergy Grid & Development Philippines Inc. (PSE: SGP): PhP250, 64.47% 5. […]
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Pasay—(PHStocks)—SM Prime Holdings Inc. (PSE: SMPH), the Philippines’ leading integrated property company, reported a recurring net income growth of 14% in 2015 to PhP20.9 billion on the back of an 8% increase in consolidated revenues to PhP71.5 billion in the same period. On a consolidated level, net income increased 54% to PhP28.3 billion, inclusive of […]
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Pasay—(PHStocks)—SM Investments Corp. (PSE: SM) reported a 13% growth in recurring net income in 2015. Consolidated net income stood at PhP28.4 billion in 2015, posting the same level as last year. Consolidated revenues grew 7% to PhP295.9 billion for the period. “Our strong underlying earnings growth in 2015 was due to favorable domestic market conditions […]
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Pasay—(PHStocks)—The Board of Directors of SM Investments Corp. (PSE: SM) approved the merger of its retail arm, SM Retail Inc. (SM Retail) with several related retail companies, including Ace Hardware, SM Appliance Center, Homeworld, Our Home, Toy Kingdom, Watsons, Kultura, Baby Company, Sports Station and several other specialty stores. Together, they operate 1,374 outlets and […]
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