Pepsi-Cola Products Philippines Inc. (PCPPI), local bottler for global softdrinks giant Pepsi-Cola, will offer up to 1.31 billion shares in an initial public offering (IPO) set in January next year.
Exercise your Metro Pacific warrants and earn 335%
Metro Pacific Corporation (Stock Code: MPI) announced that its stock warrants acquired through tender offer or purchased in the open market can now be exercised and converted to MPI common shares.
The stock warrants, issued on October 23, 2006, can be converted to MPI common stock at a price of P1.00 per share until December 14.
With MPI’s stock closing at P4.35 on December 12, if you converted those warrants, you are are technically earning P3.35 per share or 335% from the conversion price. That, however, is still gross of associated fees, taxes, and the warrant acquisition cost.
Cebu Pacific operator to IPO in 2008
The Securities and Exchange Commission (SEC) of the Philippines has approved the initial public offering (IPO) of Cebu Air, Inc., the operator of local air carrier Cebu Pacific.
The company revealed that up to 72 million new shares and up to 63.4 million secondary shares will be offered to the public at a maximum price of P95.00 per share. The final offering price will be announced later.
Representatives disclosed that the Cebu Air IPO is expected to occur in 2008. Proceeds will be used to buy new aircraft and spare engines, for working capital and for other general corporate purposes.
Discuss this Initial Public Offering in the IPO Discussion, News and Updates thread in the PMT Forum.
The Securities and Exchange Commission (SEC) of the Philippines has approved the initial public offering (IPO) of Cebu Air, Inc., the operator of local air carrier Cebu Pacific.
The Securities and Exchange Commission (SEC) of the Philippines has approved the initial public offering (IPO) of Cebu Air, Inc., the operator of local air carrier Cebu Pacific.
The company revealed that up to 72 million new shares and up to 63.4 million secondary shares will be offered to the public at a maximum price of P95.00 per share. The final offering price will be announced later.
Representatives disclosed that the Cebu Air IPO is expected to occur in 2008. Proceeds will be used to buy new aircraft and spare engines, for working capital and for other general corporate purposes.
Discuss this Initial Public Offering in the IPO Discussion, News and Updates thread in the PMT Forum.
The Securities and Exchange Commission (SEC) of the Philippines has approved the initial public offering (IPO) of Cebu Air, Inc., the operator of local air carrier Cebu Pacific.
The company revealed that up to 72 million new shares and up to 63.4 million secondary shares will be offered to the public at a maximum price of P95.00 per share. The final offering price will be announced later.
Representatives disclosed that the Cebu Air IPO is expected to occur in 2008. Proceeds will be used to buy new aircraft and spare engines, for working capital and for other general corporate purposes.
Discuss this Initial Public Offering in the IPO Discussion, News and Updates thread in the PMT Forum.
The Securities and Exchange Commission (SEC) of the Philippines has approved the initial public offering (IPO) of Cebu Air, Inc., the operator of local air carrier Cebu Pacific.
The company revealed that up to 72 million new shares and up to 63.4 million secondary shares will be offered to the public at a maximum price of P95.00 per share. The final offering price will be announced later.
Representatives disclosed that the Cebu Air IPO is expected to occur in 2008. Proceeds will be used to buy new aircraft and spare engines, for working capital and for other general corporate purposes.
Discuss this Initial Public Offering in the IPO Discussion, News and Updates thread in the PMT Forum.
Oriental Peninsula IPO price is P2.68
Nickel miner Oriental Peninsula Resources Group announced that its initial public offering (IPO) price is P2.68 per share.
Oriental Peninsula is selling up to 300 million common shares, representing 20% of its authorized capital stock. The offering runs from December 6 until December 12.
The stock is expected to start trading at the Philippine Stock Exchange on December 18.
Oriental Peninsula is a company currently involved in two nickel mining projects in Palawan. It aims to raise P804 million from the IPO which it plans to use for capital expenditures and to augment working capital requirements.
Discuss this Initial Public Offering in the IPO Discussion, News and Updates thread in the PMT Forum. Nickel miner Oriental Peninsula Resources Group announced that its initial public offering (IPO) price is P2.68 per share.
Oriental Peninsula is selling up to 300 million common shares, representing 20% of its authorized capital stock. The offering runs from December 6 until December 12.
Nickel miner Oriental Peninsula Resources Group announced that its initial public offering (IPO) price is P2.68 per share.
Oriental Peninsula is selling up to 300 million common shares, representing 20% of its authorized capital stock. The offering runs from December 6 until December 12.
The stock is expected to start trading at the Philippine Stock Exchange on December 18.
Oriental Peninsula is a company currently involved in two nickel mining projects in Palawan. It aims to raise P804 million from the IPO which it plans to use for capital expenditures and to augment working capital requirements.
Discuss this Initial Public Offering in the IPO Discussion, News and Updates thread in the PMT Forum. Nickel miner Oriental Peninsula Resources Group announced that its initial public offering (IPO) price is P2.68 per share.
Oriental Peninsula is selling up to 300 million common shares, representing 20% of its authorized capital stock. The offering runs from December 6 until December 12.
The stock is expected to start trading at the Philippine Stock Exchange on December 18.
Oriental Peninsula is a company currently involved in two nickel mining projects in Palawan. It aims to raise P804 million from the IPO which it plans to use for capital expenditures and to augment working capital requirements.
Discuss this Initial Public Offering in the IPO Discussion, News and Updates thread in the PMT Forum. Nickel miner Oriental Peninsula Resources Group announced that its initial public offering (IPO) price is P2.68 per share.
Oriental Peninsula is selling up to 300 million common shares, representing 20% of its authorized capital stock. The offering runs from December 6 until December 12.
The stock is expected to start trading at the Philippine Stock Exchange on December 18.
Oriental Peninsula is a company currently involved in two nickel mining projects in Palawan. It aims to raise P804 million from the IPO which it plans to use for capital expenditures and to augment working capital requirements.
Discuss this Initial Public Offering in the IPO Discussion, News and Updates thread in the PMT Forum.ÂÂ
eTelecare to list 28.9M shares on Nov. 20
Philippine-based business process outsourcing company eTelecare is set to list 28.9 million shares on the Philippine Stock Exchange on Tuesday, November 20. eTelecare Global Solutions … Read More
PSE Update: Listing of additional TKC shares moved
The follow-on public offering (listing of additional shares) of TKC Steel Corporation (Stock Code: TKC) has been moved from November 21, Wednesday, to November 23, … Read More
Philippine stocks finish 0.4% up on volatile trading
The Philippine composite index closed yesterday higher by 15.84 points or 0.4% at 3,774.81.
Investors, returning from a four-day break last week, remained on the sidelines weighing issues such as inflation and the continuing concerns in the US economy amid rising oil prices.
But hopes that the Bangko Sentral ng Pilipinas (Central Bank) will soon cut key interest rates in response to the US Federal Reserve rate cut supported the market.
On Wednesday last week, the Federal Reserve cut its benchmark rate by 25 basis points, but said inflation remained a concern, which analysts took as a signal that the Fed will temporarily defer further rate cuts.
Here are the top 10 gainers and losers in the Philippine stock market yesterday (November 5, 2007).
(Oct. 15-19 Stocks Update) PSEi lower due to US concerns, rising oil prices
The Philippine stock market lost its early momentum last week and closed 0.12% lower at 3,819.75 following the growing uneasiness over the US economy and rising oil prices.
On Monday, October 15, investors snapped up stocks after returning from a 3-day weekend, with the composite index (PSEi) finishing at 3,861.38, nearly 1% higher from the previous week’s close.
Investor sentiment dampened during the week, however, as oil prices became volatile and concerns over the US economy continued.
Week-to-week and Year-to-Date (YTD, i.e., beginning of the year until this week) performances of the Philippine equity sectors are as follows:
(Legend:) Market Sector : Week’s Closing ; 1-Week Change ; YTD change
- PSEi : 3,819.75 ; -0.12% ; 28.07%
- All Shares Index : 2,388.18 ; -0.21% ; 28.37%
- Financial Sector : 966.81 ; -2.22% ; 17.50%
- Industrial Sector : 4,746.99 ; -0.94% ; 20.47%
- Holding Firms Sector : 2,143.05 ; -2.05% ; 23.78%
- Property Sector : 1,774.01 ; 2.58% ; 38.14%
- Services Sector : 1,879.82 ; 1.03% ; 26.08%
- Mining and Oil Sector : 8,203.46 ; 7.08% ; 81.18%
Here are last week’s top 10 gainers and losers.