Philippine Stock Exchange: Wrap-Up Report – February 21, 2017

MANILA, Philippines – The Philippine Stock Exchange Index (PSEi) closes flat today despite shedding off some points intraday. The main index closed at 7,282.68, up by 1.49 points or 0.02 percent while the broader All Shares index dropped by 3.41 points or 0.08 percent....

Ayala Land to Pay P0.24 Dividends Per Share

MANILA, Philippines – Ayala Land, Inc. (PSE:ALI) disclosed that its board of directors held a meeting today, February 21, 2017. Among matters discussed include the approval declaration of cash dividends of P0.24 per outstanding ordinary stock. This first half regular cash...

Sta. Lucia Land, Inc. (SLI) – Analysis – February 21, 2017

Sta. Lucia Land, Inc. (PSE:SLI) has been consolidating inside a descending triangle for the past 3 months. The stock is trading at the immediate support near 1.02. SLI also slightly touched the 200 SMA at 1.00. The 15 EMA and 20 SMA seem to be acting as the resistance. Its 100...

STI Education Systems Holdings (STI) – Analysis – February 21, 2017

STI Education Systems Holdings (PSE:STI) is trading inside a parallel channel. The short-term support at 1.17 has been breached. Nonetheless, STI is still in an uptrend. The 15 EMA and 20 SMA are trending upwards and are acting as the support for the stock. If one would trade the...

Petron Corporation (PCOR) – Analysis – February 21, 2017

Petron Corporation (PSE:PCOR) is trading inside a descending wedge. The 15 EMA and 20 SMA are acting as the resistance for the stock. The volume has been thin for the past three weeks. The immediate support is at 9.10 which is currently where the stock price is located. The...

Cebu Landmasters Seeks Initial Public Offering in May

MANILA, Philippines – A Cebu-based real estate developer is set to list its shares on the Philippine Stock Exchange in May. Cebu Landmasters, Inc. has advanced its plan to go public. It has already sought regulatory approval in order to do an initial public offering for...

Pryce Corporation (PPC) – Analysis – February 21, 2017

Pryce Corporation (PSE:PPC) has bounced from support at 4.81. In fact, the price has gapped up from the previous close of 4.80 and opened at 4.93. However, the stock met resistance at the combined 20 SMA and 50 SMA at around 5.06. The volume for the past 2 months has also been...

Globe Telecom Loaned P7 Billion for Capital Expenditures

MANILA, Philippines – Globe Telecom. Inc. (PSE:GLO) signed a P7 billion term loan facility with BOO Unibank, Inc. payable in eight years. The loan is to be made for the purpose of utilizing the proceeds to finance the company’s capital expenditures and general...

Doubledragon Properties Corp. (DD) – Analysis – February 21, 2017

Doubledragon Properties Corp. (PSE:DD) is trading inside an ascending triangle and is on a pending a breakout. Down-day volumes are significantly lower than up-day volumes which are bullish in nature. The 15 EMA, 20 SMA, and 200 SMA are acting as the support. The RSI is not...

Philippines’ Credit Rating Unaffected by Mining Crackdown

MANILA, Philippines – The country’s credit rating remains intact despite the state’s cancellation of Mineral Production Sharing Agreements or MPSAs of several firms in the mining sector. The cancellation alleges firms for being non-compliant with environmental laws....
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