The Philippine Stock Exchange and the PHP/Foreign Currency Exchange

[Manila-X]

Link to past thread,

http://www.skyscrapercity.com/showth...300905&page=49

[thescene]

Anyone here buying into the COAL IPO?

[FlowFlow]

haven't looked into it COAL yet.. does it look good?

[Xmod10]

Looking forward of COAL.

Yeah, anyone? What do you think of COAL?

[pau_p1]

Metro Pacific tollways unit considers delisting


MANILA, Philippines - Pangilinan-led infrastructure group, Metro Pacific Tollways Corp. (MPTC) is considering delisting from the local stock exchange as the deadline for stricter public float levels approaches.

"We confirm that the Company is currently evaluating the option of delisting in the PSE," said MPTC in a disclosure to the Philippine Stock Exchange (PSE) on September 27.

"We will make the necessary disclosures once a decision has been made," it added.

The move comes amid the looming January 1, 2013 deadline for listed companies to raise their public float levels to 10%. Companies that fail to comply will be slapped with a 5-10% capital gains tax.

On September 27, MPTC's free float level stood at only 0.15%.

At least 26 other firms also did not meet the 10% requirement as of July 30.

San Miguel Corp is also considering voluntarily delisting 3 of its business units by the end of 2012. The penalty could be tough on companies planning on selling shares to finance expansion and other expenses. - Rappler.com

[anakngpasig]

those companies should delist then and become private. companies with insiders holding more than 90% of outstanding shares are already effectively private anyway.

[swahi]

does anyone know which companies are in danger of being delisted, voluntarily or involuntarily?

[nayki]

I'm not aware of any company as of now in danger of being delisted except for those companies that are below the Minimum Public Float set by PSE. Unless someone here has an insider knowledge.

http://www.interaksyon.com/business/...ne-stays---pse

[red_jasper]

@ANCALERTS
SMC confirms reports quoting RSA that San Miguel Global Power IPO has been postponed to next year

[red_jasper]

Originally Posted by swahi

does anyone know which companies are in danger of being delisted, voluntarily or involuntarily?

@ANCALERTS
San Miguel Purefoods intends to maintain listed status, but confirms it will delist if it can't meet 10% float

[cyrusal]

Looks like all time high na naman ang index

[Monchhichi]

PHL stocks thrive on positive outlook, PSEi soars 1.27% to all-time high
Driven mainly by second-wind reaction to Asian Development Bank’s positive outlook for the Philippine economy this year and the continued influx of foreign funds into riskier assets, shares on the Philippine Stock Exchange closed mostly higher and pushed the main index into all-time high territory for the second straight trading day.

From the point of view of “foreign institution, the overall outlook for the Philippines is positive” giving the technical aspects of the market a boost, said Harry Liu, president of Summit Securities Inc.

At this point, Liu said, the market is operating in an environment with “a lack of more negative news… There is really no new negative news from Europe… The US is pretty stable… And China is dealing with its economic numbers.”

For the Philippines, it’s definitely looking at an uptrend toward the year-end, Liu added.

Manila-based Asian Development Bank on Wednesday raised its 2012 growth forecast for the Philippines from 4.8 percent to 5.5 percent, but slashed projections for other Asian nations and for the region as a whole on concerns of slowdowns in China and India,

“It’s a second-wind reaction to the ADB upgrade of the Philippine economy and the influx of foreign funds in Q4 that are responsible for the market’s gyrations,” said Freya Natividad, head of research at F. Yap Securities Inc.

There is high expectation of “a robust end for the PSEi… backed by strong macroeconomic fundamentals,” Natividad added.

The main PSEi soared 68.22 points or 1.27 percent to close at 5,443.74.

More than 6.303 billion shares valued at P8.332 billion were traded during the morning and afternoon sessions.

Winners led losers 103 to 63, with 37 issues unchanged.

The way things are shaping up, “since the market already broke through the 5,330 resistance, we are technically heading towards the 5,500 area,” said Summit’s Liu.

“If Wall Street is able to end on a high note again tonight,” then the PSEi would easily reach that 5,500 target, he noted.

Natividad said there was “repositioning of portfolios from the third quarter in anticipation of the 2012 closing.”

In the US there is a bright spot in the economic data that showed more jobs were created, and employment is a major factor driving the US economy, she added.

“This latest record-breaker is proof positive of confidence in the vibrancy and dynamism not only of our local bourse, but in the Philippines as an investment destination and a growing market,” Malacañang said in a statement after the market closed.

“This bullishness in our stock market is in marked contrast to the uncertainty in other markets. It serves as market validation of good governance as the enabler of more inclusive economic growth. It offers continued prospects of a full-scale turnaround of our country,” the Palace added. — BM, GMA News
http://www.gmanetwork.com/news/story...-all-time-high

[anakngpasig]

great day for stocks today!

[cyrusal]

money in paper everywhere

[siopao.asado]

MPTC opts for voluntary delisting
PSE OKs delisting of Digitel shares
MB okays Chinatrust delisting


what does delisting in stocks mean? and will this action affect the index?

[RonnieR]

Originally Posted by siopao.asado

MPTC opts for voluntary delisting
PSE OKs delisting of Digitel shares
MB okays Chinatrust delisting


what does delisting in stocks mean? and will this action affect the index?

Digitel shares were delisted because they were bought by PLDT. Not much effect on PSE capitalization if the shares are transferred from a company to another listed company....it could be positive in many instances since the buying company usually gains from the transaction as in the case of PLDT.

[anakngpasig]

Originally Posted by siopao.asado

what does delisting in stocks mean? and will this action affect the index?

delisting simply means the shares or stocks of those companies cannot be bought or sold through the stock exchange. mas magiging less liquid ang stocks ng company plus higher taxes are charged once the stocks are transferred to someone or any institution.

if a company was part of any index, pinapalitan lang sya ng another company which meets the criteria para masama sa index.

[siopao.asado]

I c... Thanks for the info...

[anakngpasig]

the companies that delist usually gives a tender offer prior to delisting. if you hold stocks of these companies, you have two choices - accept the tender offer or prepare a frame so you can hang your stock certificate on the wall

[3cr]

Stocks continue upswing on upbeat global mood
Inquirer
http://business.inquirer.net/87906/s...at-global-mood

The local stock market continued its winning streak Wednesday for the fourth session on the back of upbeat global sentiment, lifting the main index back to the 5,400 levels and closer to all-time highs.

The main-share Philippine Stock Exchange index rallied by 38.44 points or 0.71 percent to finish at 5,438.38. The index is nearing the all-time high close of 5,443.74 posted on Oct. 4 and the record intra-day high of 5,484.63 seen last Oct. 5.

“Global markets are on a bull run,” said stock market veteran Wilson Sy, director at fund management firm Philequity Management Inc.

All counters surged except for services (-1.09 percent) after it was weighed down by PLDT (-1.03 percent) and ICTSI (-1.41 percent). The financial, industrial and mining/oil counters led the day’s upswing as their sub-indices climbed more than 1 percent.

Value turnover amounted to P7.32 billion. There were 89 advancers against 66 decliners while 53 stocks were un-changed.

Local investors took heart from rallying global markets as an initial stream of US corporate earnings beat expectations. At the same time, investors were relieved that global credit watcher Moody’s Investor Service had affirmed its Baa3 investment grade sovereign rating on Spain, allaying concerns of a downgrade to junk status.