Repeating the GMA7 IPO performance on its first trading day, the stock price of money remittance firm iRemit Inc. bucked the trend and closed 17.5% … Read More
Effective November 16, geothermal power producer PNOC Energy Development Corp. and property developers Robinsons Land Corp. and Filinvest Land Inc. will become the new inclusions in the Philippine Stock Exchange Composite Index (PSEi) following the completion of PSE’s semi-annual review of its indices.
As a result of the same review, Manila Mining Corp. and Security Bank will be excluded from the main index.
The Securities and Exchange Commission has approved a plan of personal care products firm Splash Corp. for an initial public offering (IPO) of stock worth as much as P2.5 billion.
In documents filed with the SEC, Splash said it would offer up to 223.85 million new and existing shares at P8.70 to P11.18 each.
The sale of new shares is projected to generate P1.64-P2.11 billion.
Splash said the funds would be spent largely on acquisition of local brands in the personal care and related industries, such as health and wellness brands.
Full Story
The Securities and Exchange Commission has approved a plan of personal care products firm Splash Corp. for an initial public offering (IPO) of stock worth as much as P2.5 billion.
In documents filed with the SEC, Splash said it would offer up to 223.85 million new and existing shares at P8.70 to P11.18 each.
The sale of new shares is projected to generate P1.64-P2.11 billion.
The Securities and Exchange Commission has approved a plan of personal care products firm Splash Corp. for an initial public offering (IPO) of stock worth as much as P2.5 billion.
In documents filed with the SEC, Splash said it would offer up to 223.85 million new and existing shares at P8.70 to P11.18 each.
The sale of new shares is projected to generate P1.64-P2.11 billion.
Splash said the funds would be spent largely on acquisition of local brands in the personal care and related industries, such as health and wellness brands.
Full Story
The Securities and Exchange Commission has approved a plan of personal care products firm Splash Corp. for an initial public offering (IPO) of stock worth as much as P2.5 billion.
In documents filed with the SEC, Splash said it would offer up to 223.85 million new and existing shares at P8.70 to P11.18 each.
The sale of new shares is projected to generate P1.64-P2.11 billion.
Splash said the funds would be spent largely on acquisition of local brands in the personal care and related industries, such as health and wellness brands.
Full Story
The Securities and Exchange Commission has approved a plan of personal care products firm Splash Corp. for an initial public offering (IPO) of stock worth as much as P2.5 billion.
In documents filed with the SEC, Splash said it would offer up to 223.85 million new and existing shares at P8.70 to P11.18 each.
The sale of new shares is projected to generate P1.64-P2.11 billion.
Splash said the funds would be spent largely on acquisition of local brands in the personal care and related industries, such as health and wellness brands.
Full Story
How can I earn from the stock market?
The 25 basis points rate cut by the Bangko Sentral ng Pilipinas last week pushed the Philippine Stock Exchange Index (PSEi) up week-on-week by 5.68%.
The bourse closed last week at 3,775.91, with total year-to-date returns of 26.6%.
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
Here are last week's top 10 gainers and losers.
iRemit (I-Remit) Inc., the largest Filipino-owned non-bank remittance company in the Philippines, has set the price for its initial public offering (IPO) at P4.68 per share.
We usually read it in the news:
Shares are expected to open higher today, supported by fund managers window dressing their portfolio before the quarter ends.
What is window dressing?
Window dressing is arguably a deceptive strategy employed by fund managers in which they try to make their portfolio look as attractive as possible before presenting it to clients or stockholders.
Window dressing for the 3rd quarter of 2007 and expectations of a rate cut by the Bangko Sentral ng Pilipinas this week pushed the Philippine Stock Exchange (PSE) up week-on-week by 4.36%.
The bourse closed last week at 3,572.90, with total year-to-date returns reaching almost 20%.
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
Here are last week's top 10 gainers and losers.
