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VIEWPOINT - Emerging Markets in 2012

In 2011, with the European Monetary crisis at its peak and the United States economic downturn at its lowest, there was speculation, that investment funds from Europe and the United States would move to the emerging markets while funds from emerging markets would remain in the emerging markets.

And among emerging markets, the conventional wisdom that funds would not go to the BRIC (Brazil, Russia, India and China) countries but rather to the VIP (Vietnam, Indonesia and the Philippines). For us in the Philippines, it would seem that our time has come.... [Read Full Story]


Floortales

 

Gomer F. Tan

February 20, 2012

 

Century Properties Group, Inc. - Planned issuance of 1.333 billion shares at P1.75 per share in order to meet the 10% minimum public float requirement and to finance the company's working capital and land acquisition.  Last traded price is P1.82 per share.  52 week high is P5.66 per share. 

 

DISCLOSURES

 

A. Soriano Corporation- Declared a cash dividend of P0.25 per share with ex-date on February 29, 2012.

 

The Securities and Exchange Commission approved the decrease in the authorized capital stock of Mariwasa Siam Holdings, Inc. (MMI)  by way of reduction of the par value of the common shares from Php1.00 to Php0.023, the wiping out of MMI’s deficit using any capital surplus created and MMI’s existing additional paid-in capital, the return of any remaining capital surplus created to the stockholders of MSHI and the amendment of the Article Seventh of the Amended Articles of Incorporation of MMII.

Please be advised, however, that the change in par value of the Company’s shares from P1.00 per share to P0.023 per share will  not  yet be reflected  on the Exchange’s  trading system pending submission by the Company of the procedures on updating its stock certificates, in accordance with the Exchange’s Policy on Updating of Stock Certificates.

 

SM Prime Holdings, Inc. (SMPH), the Philippines’ dominant shopping mall developer and operator, exceeded its 2011 profit growth target by attaining a 15% increase in consolidated net income to Php9.1 billion for the full 

year, as compared to Php7.9 billion in 2010. Total revenues for the year rose by 13% to Php26.9 billion. EBITDA increased 16% to Php18.5 billion, for an EBITDA margin of 69%. These results include the operations of the four SM malls in China, which are located in the cities of Xiamen and Jinjiang in Southern China, Chengdu in Central China, and Suzhou in Eastern China. 

Last week, SM Prime inaugurated SM City Olongapo, its first mall in the province of  Zambales. For the rest of 2012, SM Prime is scheduled to open SM City Lanang in Davao City, SM City General Santos in Southern Mindanao, SM City Consolacion in Cebu, SM City San Fernando in Pampanga, and SM Chongqing in China. 

SM Prime is focused on developing malls in provincial areas of the Philippines, where it aims to open three to four malls every year. In China, the company will continue to open one mall per year, with increased momentum by 2014, when it is scheduled to open its 540,000-sqm mall in Tianjin. By the end of this year, SM Prime will have 46 malls in the Philippines and five in China with an estimated combined GFA of 6.3 million sqm. 

 

Sun Life Financial Inc. (SLF)- Declared a C$0.36 per common share with ex-date on March 2, 2012.

 

Trans-Asia Oil and Energy Development Corp. (TA)- Board of Directors approved Audited Financial Statements of year 2011 showing consolidated net income of P408 miollion and declaration of cash dividend of P0.04 per share with ex-date on Ferbruary 27, 2012.

 

Century Properties Group Inc. (CPG)would like to inform the Securities and Exchange Commission and the Philippine Stock Exchange about the planned placement and subscription transaction the Company is contemplating, as approved by the Company's Board of Directors on September 19, 2011 and Shareholders on September 26, 2011, In order to give the investing public sufficient time to digest the material information disclosed by the Company, the Exchange implemented a trading halt on CPG shares, February 17, 2012 and will be lifted on Monday, February 20, 2012.

 

Gomer F. Tan

February 20, 2012

 

Century Properties Group, Inc. - Planned issuance of 1.333 billion shares at P1.75 per share in order to meet the 10% minimum public float requirement and to finance the company's working capital and land acquisition.  Last traded price is P1.82 per share.  52 week high is P5.66 per share. 

 

DISCLOSURES

 

A. Soriano Corporation- Declared a cash dividend of P0.25 per share with ex-date on February 29, 2012.

 

The Securities and Exchange Commission approved the decrease in the authorized capital stock of Mariwasa Siam Holdings, Inc. (MMI)  by way of reduction of the par value of the common shares from Php1.00 to Php0.023, the wiping out of MMI’s deficit using any capital surplus created and MMI’s existing additional paid-in capital, the return of any remaining capital surplus created to the stockholders of MSHI and the amendment of the Article Seventh of the Amended Articles of Incorporation of MMII.

Please be advised, however, that the change in par value of the Company’s shares from P1.00 per share to P0.023 per share will  not  yet be reflected  on the Exchange’s  trading system pending submission by the Company of the procedures on updating its stock certificates, in accordance with the Exchange’s Policy on Updating of Stock Certificates.

 

SM Prime Holdings, Inc. (SMPH), the Philippines’ dominant shopping mall developer and operator, exceeded its 2011 profit growth target by attaining a 15% increase in consolidated net income to Php9.1 billion for the full 

year, as compared to Php7.9 billion in 2010. Total revenues for the year rose by 13% to Php26.9 billion. EBITDA increased 16% to Php18.5 billion, for an EBITDA margin of 69%. These results include the operations of the four SM malls in China, which are located in the cities of Xiamen and Jinjiang in Southern China, Chengdu in Central China, and Suzhou in Eastern China. 

Last week, SM Prime inaugurated SM City Olongapo, its first mall in the province of  Zambales. For the rest of 2012, SM Prime is scheduled to open SM City Lanang in Davao City, SM City General Santos in Southern Mindanao, SM City Consolacion in Cebu, SM City San Fernando in Pampanga, and SM Chongqing in China. 

SM Prime is focused on developing malls in provincial areas of the Philippines, where it aims to open three to four malls every year. In China, the company will continue to open one mall per year, with increased momentum by 2014, when it is scheduled to open its 540,000-sqm mall in Tianjin. By the end of this year, SM Prime will have 46 malls in the Philippines and five in China with an estimated combined GFA of 6.3 million sqm. 

 

Sun Life Financial Inc. (SLF)- Declared a C$0.36 per common share with ex-date on March 2, 2012.

 

Trans-Asia Oil and Energy Development Corp. (TA)- Board of Directors approved Audited Financial Statements of year 2011 showing consolidated net income of P408 miollion and declaration of cash dividend of P0.04 per share with ex-date on Ferbruary 27, 2012.

 

Century Properties Group Inc. (CPG)would like to inform the Securities and Exchange Commission and the Philippine Stock Exchange about the planned placement and subscription transaction the Company is contemplating, as approved by the Company's Board of Directors on September 19, 2011 and Shareholders on September 26, 2011, In order to give the investing public sufficient time to digest the material information disclosed by the Company, the Exchange implemented a trading halt on CPG shares, February 17, 2012 and will be lifted on Monday, February 20, 2012.

 

 Gomer F. Tan

February 20, 2012

 

Century Properties Group, Inc. - Planned issuance of 1.333 billion shares at P1.75 per share in order to meet the 10% minimum public float requirement and to finance the company's working capital and land acquisition.  Last traded price is P1.82 per share.  52 week high is P5.66 per share. 

 

DISCLOSURES

 

A. Soriano Corporation- Declared a cash dividend of P0.25 per share with ex-date on February 29, 2012.

 

The Securities and Exchange Commission approved the decrease in the authorized capital stock of Mariwasa Siam Holdings, Inc. (MMI)  by way of reduction of the par value of the common shares from Php1.00 to Php0.023, the wiping out of MMI’s deficit using any capital surplus created and MMI’s existing additional paid-in capital, the return of any remaining capital surplus created to the stockholders of MSHI and the amendment of the Article Seventh of the Amended Articles of Incorporation of MMII.

Please be advised, however, that the change in par value of the Company’s shares from P1.00 per share to P0.023 per share will  not  yet be reflected  on the Exchange’s  trading system pending submission by the Company of the procedures on updating its stock certificates, in accordance with the Exchange’s Policy on Updating of Stock Certificates.

 

SM Prime Holdings, Inc. (SMPH), the Philippines’ dominant shopping mall developer and operator, exceeded its 2011 profit growth target by attaining a 15% increase in consolidated net income to Php9.1 billion for the full 

year, as compared to Php7.9 billion in 2010. Total revenues for the year rose by 13% to Php26.9 billion. EBITDA increased 16% to Php18.5 billion, for an EBITDA margin of 69%. These results include the operations of the four SM malls in China, which are located in the cities of Xiamen and Jinjiang in Southern China, Chengdu in Central China, and Suzhou in Eastern China. 

Last week, SM Prime inaugurated SM City Olongapo, its first mall in the province of  Zambales. For the rest of 2012, SM Prime is scheduled to open SM City Lanang in Davao City, SM City General Santos in Southern Mindanao, SM City Consolacion in Cebu, SM City San Fernando in Pampanga, and SM Chongqing in China. 

SM Prime is focused on developing malls in provincial areas of the Philippines, where it aims to open three to four malls every year. In China, the company will continue to open one mall per year, with increased momentum by 2014, when it is scheduled to open its 540,000-sqm mall in Tianjin. By the end of this year, SM Prime will have 46 malls in the Philippines and five in China with an estimated combined GFA of 6.3 million sqm. 

 

Sun Life Financial Inc. (SLF)- Declared a C$0.36 per common share with ex-date on March 2, 2012.

 

Trans-Asia Oil and Energy Development Corp. (TA)- Board of Directors approved Audited Financial Statements of year 2011 showing consolidated net income of P408 miollion and declaration of cash dividend of P0.04 per share with ex-date on Ferbruary 27, 2012.

 

Century Properties Group Inc. (CPG)would like to inform the Securities and Exchange Commission and the Philippine Stock Exchange about the planned placement and subscription transaction the Company is contemplating, as approved by the Company's Board of Directors on September 19, 2011 and Shareholders on September 26, 2011, In order to give the investing public sufficient time to digest the material information disclosed by the Company, the Exchange implemented a trading halt on CPG shares, February 17, 2012 and will be lifted on Monday, February 20, 2012.

 

 

 

 

 

 

 

  

 

 


 

By Claire S. Quiray

 WEEKLY OUTLOOK – FEBRUARY 20-24, 2012

CONTINUATION OF POSITIVE MARKET

PSEi

4880.71

 +  2.03%  or  97.19 pts. from 4,783.52   WEEK-ON-WEEK

Year To Date:

+11.65   %

52-Week Range:

3,705.18 - 4,886.99

1-Year:

+ 30.99%

This coming week, the market is expected to continue moving up.  Based on momentum indicators, market weakness has emaciated as depicted by the MACD-histogram, which at this point, will likely to sprout above zero line, the bullish territory. 

 

Support  is at 4750 points.   Oscillator is overbought at over 86  3-d RSI.

 

Review.  The local market finished its 3-day decline and made a radical advance late last week following news of increased foreign investment (stocks, bonds, deposits) in the South East Asian nations and signs of improving US economy.  These were the biggest catalysts, during the week, which helped neutralize investors fear over the adverse impact of the chronic European debt problem.

 

Renewed investors confidence sent PSEi  to an intra-day high of 4886.99 before recording a new all-time record close of 4880.71 points, an increase of 2.03% or 97.19 points week-on-week.  

 

The upsurge was led by the services (+4.26% at 1805.49pts), property (+3.62% at 1816.62pts) and financial (+2.89% at 1161.57pts) sectors.  Mining & Oil, however, bucked the trend due to profit taking.

 

Although the market’s average daily transaction was thinner by 27% at Php7.44b compared to last week’s Php9.43b, foreign investors were visibly buying again.  They left a net buying balance of Php1.07b this week as compared to Php3.3b net foreign selling a week ago.

 

Remember:Although monitoring Index wide price action is of some value, the biggest benefits go to those who study individual stocks.

 

Sources of data and charts: Bloomberg, PSE Research


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