Price Earnings Ratio: A Guide for Investors

If you are new in investing in the stock market it is easy to be amused how relatively easy it is to make a profit “buy a company when its stock price is low and sell when prices go up”. So as common sense suggests, the most important question to ask yourself when you are […]

EDC swings back to profit, nets P5.7B

edc

Energy Development Corp., the country’s largest producer of geothermal energy, posted a net income of P5.7 billion in the first half of 2012, reversing the P2.3-billion net loss a year ago. EDC reported to the Philippine Stock Exchange that the strong first-half performance was driven by the rise in electricity sales. Its net income attributable […]

Atlas income drops despite higher sales

atlas-consolidated-mandd-company

Atlas Consolidated Mining & Development Corp.’s profit in the first half of 2012 dropped year on year even as sales grew. Company officials could not be reached for comparative figures and comments as to why higher sales did not translate to bigger income, although the firm’s statement alluded to higher expenditures for its expansion program. […]

Chemrez set to buy back shares

chemrez

Chemrez Technologies Inc., the country’s leading biodiesel, resins and oleochemicals producer, is set to implement its long-delayed plan to buy back company shares. In a disclosure to the Philippine Stock Exchange Tuesday, Chemrez said the plan dates back to 2007, when company officials decided to buy back a maximum of P500 million worth of shares. […]

Phoenix Petroleum H1 income drops 33 percent

phoenix petroleum

DECLINING world oil prices dragged Phoenix Petroleum Philippines Inc.’s (PPPI) net income causing it to drop 33 percent in the first half of the year. In a disclosure to the Philippine Stock Exchange, PPPI said net income was lower at P206 million from P305 million in the same period last year. Revenues grew by 21 […]

Nickel Asia 2012 first half net income down 26% amid low nickel prices

Nickel Asia

Nickel Asia Corp. saw its net income for the first half drop 26 percent to around P1.27 billion from P1.73 billion last year. In their disclosure to the Philippine Stock Exchange Monday, Nickel Asia attributed its drop in income to lower prices of nickel in the London metal exchange (LME). This, despite a 19 percent […]

PhilWeb investing P100M in gaming device maker

philweb

Publicly listed gaming solutions provider PhilWeb Corp. will invest up to P100 million in a new firm that will manufacture gaming terminals for its local network of e-Games cafés and its various international businesses. To be named PhilWeb Gaming Solutions Corp., the company will primarily serve its parent firm’s 262 e-Games outlets and position itself […]

PPP projects seen boosting cement sales

Holcim

Cement maker Holcim Philippines sees a double-digit growth in cement business this year on the back of an accelerated government spending and steady rollout of construction projects by the private sector. For the full year, Holcim aims to grow its sales volume by about 10 percent to six million metric tons equivalent to about 150 […]

No takers for IP Converge tender offer

THERE WERE no takers for the tender offer of 8990 Group to buy the remaining 20% stake in IP Converge Data Center, Inc. held by the public at the end of the transaction’s run on July 19, a disclosure to Philippine Stock Exchange on Friday showed. “The mandatory tender offer period started on June 22, […]

Calata shares slump amid trading probe

MANILA, Philippines – Calata Corp. slumped 26% to below its offer price after the Securities and Exchange Commission (SEC) confirmed it is investigating trading that tripled the stock price in the two weeks after it listed in May. In an e-mail to ANC, Calata Corp. chief executive officer Joseph Calata said the company requested the […]