Local stock market resource PinoyInvestor recently published a report summarizing the performance of the stock recommendation of their partner brokers during the first 6 months of 2014. The results show that the recommendations were able to outperform the benchmark Philippine Stock Exchange index (PSEi) and even actively-managed mutual funds and Unit Investment Trust Funds as well.
[PHOTOS, PRICE, SPECS] New Apple iPhone 6 and 6+
Apple finally gave in to the demands of consumers, releasing for the first time an iPhone with bigger display — two, in fact, the first one, a “regular” iPhone 6 with a 4.7-inch screen size and the second, a 5.5-inch screen size, called the iPhone Plus.
Here are some more details about the new iPhone 6 and iPhone 6 Plus.
[PHOTOS, PRICE, SPECS] Apple Watch with Sapphire Crystal and 18k Gold
Apple’s betting on a watch as its newest game-changing product.
Apple announced today the launch of a brand new product line — the Apple Watch (not called iWatch as some had expected) — priced at $349 apiece to be sold starting early 2015.
Components of the revised PSE index (Sept. 2014)
Philex Mining out, Emperador in.
SM Prime Holdings (SMPH) offers Retail Bonds
The Philippines’ largest property developer, SM Prime Holdings (SMPH), is conducting a P25-billion retail bonds offering, running from August 13 until 22.
Most expensive stock in the world costs $200k per share
Generally speaking, stock investing is not limited to the rich. We’ve highlighted before that one can start investing with only a few thousand pesos. In the Philippines, there really is no minimum needed since trades are dependent on the “board lot” — and with only a few thousand pesos, one can start joining the Philippine stock market already.
Rustan’s SSI Group sets IPO in November 2014
The specialty store arm of Rustan’s company, SSI Group, has announced it is currently seeking approval from the Securities and Exchange Commission to pave the way for a planned initial public offering or IPO in November.
Rustan’s Stores Specialists Inc. (SSI) is responsible for bringing more than a hundred international brands into the country, including Hermes, Prada, Gucci, Burberry, Salvatore Ferragamo, Lacoste, Michael Kors, Kate Spade, Gap, Old Navy, Zara, Stradivarius, Bershka, Aeropostale, Samsonite, Nine West, Payless Shoe Source, Beauty Bar, Marks and Spencer, Pottery Barn and TWG, among others.
Property company Pro-Friends to IPO in 2014
Another low-cost housing developer is set to issue shares to the public for the first time, following the announcement of Property Company of Friends (Pro-Friends) that they will conduct an initial public offering before the end of the year.
Pro-Friends is a property development company that started in 1999 and has completed 15 projects so far. They focus on the low-cost housing market segment building affordable subdivisions, townhouses and mid-rise condominiums in Cavite, Iloilo and Metro Manila.