B2
Business
TUESDAY, DECEMBER 11, 2018 extrastory2000@gmail.com
Market sinks for 4 straight day S th
TOCKS slumped for the fourth straight day Monday, joining the rest of Asian markets as investors juggle a number of negative issues that have fueled worries about the global outlook.
The Philippine Stock Exchange Index sank 112.85 points, or 1.5 percent, to 7,348.21 on a value turnover of P14.8 billion. About P9.7 billion worth of shares of Melco Resorts and Entertainment (Philippines) Corp. were crossed by majority holder MCO (Philippines) Investments Ltd. Monday, representing the shares tendered to the public. Losers overwhelmed gainers, 134 to
59, with 43 issues unchanged. SM Investments Corp. of retail tycoon Henry Sy Sr. dropped 4.3 percent to P900, while conglomerate San Miguel Corp. fell 3.1 percent to P157.10. Asiabest Group International Inc. tumbled 13.3 percent to P25 after a minority shareholder asked the Securities and Exchange Commission to stop the ongoing tender offer and planned backdoor listing of Tiger Resort Asia Ltd. The shareholder accused Tiger Resorts of allegedly violating the Securities Regulation Code when it failed to disclose in a tender offer report the intracorporate dispute involving the major shareholder of Tiger Resorts. ISM Communications Corp., a member of the group declared by the government as the country’s third major telecommunications firm, lost 3.2 percent to P5.74. The rest of Asian markets sank. The China-US trade row, the Huawei crisis,
signs of weakness in the Chinese and US economies, and Brexit are among the key matters depressing equities, though there was some upbeat news in Opec’s decision to slash crude production. Equity markets, which have been buffeted by the trade row this year— and were hammered by the arrest last week—were down on Monday, tracking heavy losses in New York. Hong Kong shed 1.4 percent, while Shanghai fell 0.8 percent. Tokyo lost 2.1 percent, with Japanese car giant Nissan dropping 2.9 percent after ousted chairman Carlos Ghosn was charged and faced new allegations for alleged financial misconduct. Sydney shed 2.3 percent, while Singapore and Seoul each gave up 1.1 percent. There were also losses for Taipei and Wellington. On Sunday, China summoned the US ambassador to protest at the arrest of top Huawei executive Meng Wanzhou
in Canada last week over allegations of fraud linked to the breaking of Iran sanctions. An angry China has demanded Washington drop its extradition request, as investors fret that the arrest could throw a spanner in the works of a fragile trade war truce between Beijing and Washington. “Huawei... will likely remain in the headlines for some time as China continues to pressure both Canada and US to withdraw charges,” said Stephen Innes, head of Asia-Pacific trade at OANDA. “It’s more than apparent that USChina tensions are well beyond trade. And when combined with the fact ‘tariffs-limbo’ is likely to extend well into 2019, uncertainty is expected to remain high, and could still explode into a full-blown trade war.” Still, US Trade Representative Robert Lighthizer said he did not expect the arrest to disrupt the talks. With AFP
MANILA STANDARD BUSINESS DAILY STOCKS REVIEW MONDAY, DECEMBER 10, 2018
VALUE
NET FOREIGN BUYING/(SELLING), PHP
FINANCIALS 59 2,140 93.5 3,436,430 2.16 70,000 128 1,255,960 1.55 1,000 27.7 36,700 15.8 113,700 11.64 534,900 3.93 23,000 0.67 7,500,000 0.45 300,000 79.8 3,507,690 0.91 336,000 11.1 200 42.15 55,700 179.9 520 122 530 71.15 15,900 28.3 45,900 160 125,200 1,810 435 65.95 5,830
126,239 322,604,080.50 151,650 162,116,764 1,550 1,017,850 1,760,580 6,288,714 88,610 5,025,000 135,000 277,593,708 295,920 2,220 2,353,660 93,141 62,070 1,137,142.50 1,301,295 19,855,221 787,360 384,241.50
112,105 198,197,182.50 -26,201,157 22,285 -15,620 -333,716 138,353,433.50 0 227,130 -172,051.50 8,505 -5,486,153 -606,360 -81,716.50
32.5 17.08 1 1.24 0.247 1.66 14.74 191 30.5 15.5 37 60.6 78.05 1.7 6 6.55 10.06 14.9 8.11 6.96 18.66 63.15 24.2 2.08 6.2 8.65 1.68 289 44.05 3.29 8.48 27 9.95 18.08 366.2 0.17 6.15 1.35 3.86 8.25 5.05 8.16 0.9 10.82 47.1 5.4 4.6 1.83 2.67 1.38 10.38 84.05 5.16 0.122 0.83 127 2.48 1.75 16.9 1.77
INDUSTRIAL 32.75 323,900 17.34 936,900 1.03 3,754,000 1.24 570,000 0.25 6,310,000 1.68 3,533,000 14.74 313,900 191 50 31 368,700 16.5 2,400 37 11,000 60.6 240 78.05 60 1.7 208,000 6.65 200,700 6.64 600 10.14 3,633,000 14.9 5,800 8.2 1,290,300 6.98 704,400 18.66 1,240,200 64 408,930 25 754,200 2.08 6,821,000 6.2 19,000 8.65 2,859,600 1.68 360,000 291 264,940 44.05 1,150 3.29 1,000 8.48 3,900 27.3 120,200 9.99 1,009,500 18.28 7,458,700 366.2 160,030 0.17 10,000 6.15 100 1.36 1,444,000 3.86 95,000 8.27 1,458,900 5.18 27,600 8.16 500 0.9 3,375,000 11 152,400 47.55 47,100 5.4 20,000 4.8 74,000 1.83 112,000 2.67 10,000 1.38 123,000 10.4 7,700 84.05 2,259,740 5.2 492,100 0.122 30,000 0.83 46,000 128 828,960 2.5 301,000 1.75 7,200,000 16.9 1,000 1.79 18,147,000
10,595,135 16,218,238 3,831,610 716,630 1,594,690 5,968,870 4,644,918 9,550 11,441,920 39,500 407,010 14,544 4,683 357,470 1,311,467 3,977 36,758,706 86,444 10,771,793 4,908,002 23,414,684 26,233,290.50 18,655,500 14,385,240 117,800 25,087,248 609,330 77,038,300 50,657.50 3,290 33,159 3,273,800 10,085,826 137,595,452 58,997,282 1,700 615 2,010,200 368,810 12,138,309 142,455 4,080 3,056,530 1,674,918 2,251,975 108,000 345,900 205,720 26,700 170,840 80,214 190,041,335.50 2,556,303 3,660 38,180 106,039,192 752,400 12,839,500 16,900 32,872,080
-361,690 584,842 -284,570 197,600 -2,283,510 -2,934 9,550 -5,439,935 362,600 59,400 -2 -10,358,398.00 -73,034 -150,135 -1,956,229 7,721,678 15,629,008 520,090 10,236,349 -33,980 -1,251,862 -1,927,015 126,145 -2,889,234.00 -33,088,262 -1,626,500 200,447 -2,679,310 -1,228,700 -649,440 -21,600 -14,250 -54,080 136,113,637.50 10,380 24,364,955 104,520 22,120
0.65 51.35 11.82 0.85 6.43 28.4 1.39 1.39 923 7.45 12.78 9.81 4.79 921 50.1 0.58 4.19 16.96 0.63 4.77 0.038 1.23 2.41 163.5 938 0.77 1.3 280 0.27 0.224
0.58 50.3 11.58 0.81 6.4 25 1.33 1.34 910 7.2 12.56 9.66 4.79 883 48.8 0.55 4.01 16.2 0.62 4.71 0.036 1.2 2.33 156 900 0.77 1.3 274.8 0.25 0.224
HOLDING FIRMS 0.59 40,490,000 50.6 668,480 11.66 1,156,700 0.85 3,000 6.4 16,800 25 10,709,300 1.36 11,604,000 1.37 2,471,000 910 325,360 7.2 1,099,800 12.7 2,614,000 9.7 106,300 4.79 1,000 894 117,940 49.15 1,222,530 0.55 55,000 4.01 967,000 16.56 6,132,100 0.63 604,000 4.77 7,752,000 0.038 29,700,000 1.23 14,000 2.38 660,000 157.1 1,081,240 900 394,770 0.77 3,000 1.3 8,000 280 2,440 0.25 2,540,000 0.224 100,000
24,511,650 33,844,974.50 13,485,988 2,510 107,646 286,852,515 15,666,650 3,351,230 297,783,720 8,008,207 33,159,022 1,031,517 4,790 105,842,585 60,331,823.50 30,940 3,941,680 103,601,324 374,500 36,701,110 1,097,000 16,860 1,576,690 171,977,275 360,231,245 2,310 10,400 670,628 651,000 22,400
-196,400 -14,123,572 7,349,672 76,800 -2,672,080 -184,716,620 331,635 -11,606,676 -4,706,390 -30,327,864 -933,220 -3,235,580.00 -2,133,880 -98,754,014 -101,643,090 -656,772 -
7.74 0.78 10.58 1.75 0.58 41.2 2.52 4.05 6 0.405 0.88 0.255 0.335 8.05 17.78 0.48 1.5 1.12 4.78
7.6 0.74 9.7 1.74 0.56 40.1 2.38 3.94 5.6 0.4 0.88 0.233 0.33 8 17.5 0.48 1.46 1.05 4.7
1,848,665 1,699,730 37,590 17,420 227,280 318,379,395 4,049,400 1,393,610 26,420 585,350 87,120 8,596,830 1,509,950 459,268 4,981,952 153,600 5,090,130 2,285,610 24,857,740
-425,432 -3,000 5,700.00 698,755 -814,020 -178,960 148,500 3,184,460 -902,750 -28,504.00 -1,008,960 -13,650 1,771,200
NAME
OPEN
HIGH
LOW
CLOSE
ASIA UNITED BANK PH ISLANDS BDO LEASING BDO UNIBANK BRIGHT KINDLE CHINABANK COL FINANCIAL EAST WEST BANK FERRONOUX HLDG FIRST ABACUS MEDCO HLDG METROBANK NTL REINSURANCE PB BANK PHIL NATL BANK PHIL STOCK EXCH PHILTRUST PSBANK RCBC SECURITY BANK SUN LIFE UNION BANK
59 94.25 2.18 133 1.55 27.9 15.7 11.96 3.87 0.67 0.45 79.5 0.88 11.1 43.5 180 116.9 73.9 28.4 160 1,811 65.95
59 94.3 2.23 133 1.55 27.9 15.9 11.96 3.93 0.67 0.45 79.8 0.91 11.1 43.5 180 122 74 28.5 160 1,811 67.5
58.6 93.3 2.15 128 1.55 27.6 15.4 11.62 3.83 0.67 0.45 77.8 0.87 11.1 41.8 178 116.9 71.15 28.3 157.4 1,810 65.9
ABOITIZ POWER AGRINURTURE ALLIANCE SELECT ALSONS CONS BASIC ENERGY CEMEX HLDG CENTURY FOOD CHEMPHIL CIRTEK HLDG CNTRL AZUCARERA CONCEPCION CONCRETE A CONCRETE B CROWN ASIA DAVINCI CAPITAL DEL MONTE DNL INDUS EAGLE CEMENT EEI CORP EMPERADOR FIRST GEN FIRST PHIL HLDG GINEBRA GREENERGY HOLCIM INTEGRATED MICR IONICS JOLLIBEE LIBERTY FLOUR MABUHAY VINYL MACAY HLDG MANILA WATER MAXS GROUP MEGAWIDE MERALCO MG HLDG PANASONIC PEPSI COLA PETROENERGY PETRON PHIL H2O PHINMA PHINMA ENERGY PHX PETROLEUM PILIPINAS SHELL PRYCE CORP RFM CORP ROXAS AND CO ROXAS HLDG SFA SEMICON SHAKEYS PIZZA SMC FOODANDBEV SPC POWER SWIFT FOODS TKC METALS UNIV ROBINA VICTORIAS VITARICH VIVANT VULCAN INDL
32.85 17.2 1.02 1.28 0.255 1.67 14.84 191 32.45 15.5 37.05 60.6 78.05 1.76 6.79 6.55 10.12 14.9 8.11 6.97 19 65.1 24.2 2.11 6.2 9.03 1.73 294 44.05 3.29 8.52 27.8 10 18.68 375.4 0.17 6.15 1.4 3.95 8.34 5.05 8.16 0.9 10.82 48.6 5.4 4.8 1.86 2.67 1.41 10.64 84.15 5.19 0.122 0.83 127.3 2.5 1.84 16.9 1.83
32.9 17.38 1.04 1.28 0.26 1.72 14.84 191 32.45 16.5 37.05 60.6 78.05 1.76 6.79 6.65 10.22 14.98 8.39 6.98 19.22 65.1 25.95 2.17 6.2 9.03 1.75 294 44.05 3.29 8.52 27.8 10.04 18.7 375.4 0.17 6.15 1.44 3.95 8.37 5.24 8.16 0.91 11 48.6 5.4 4.8 1.86 2.67 1.49 10.64 84.2 5.21 0.122 0.83 128.6 2.5 1.85 16.9 1.85
ABACORE CAPITAL ABOITIZ EQUITY ALLIANCE GLOBAL ANGLO PHIL HLDG ANSCOR ASIABEST GROUP ATN HLDG A ATN HLDG B AYALA CORP COSCO CAPITAL DMCI HLDG FILINVEST DEV FJ PRINCE A GT CAPITAL JG SUMMIT LODESTAR LOPEZ HLDG LT GROUP MABUHAY HLDG METRO PAC INV PACIFICA PRIME MEDIA PRIME ORION SAN MIGUEL CORP SM INVESTMENTS SOC RESOURCES SOLID GROUP TOP FRONTIER WELLEX INDUS ZEUS HLDG
0.63 50.3 11.82 0.81 6.42 28.4 1.37 1.37 910 7.44 12.6 9.75 4.79 920 50.1 0.57 4.19 16.8 0.62 4.77 0.038 1.2 2.4 162.3 932.5 0.77 1.3 275.2 0.27 0.224
8990 HLDG A BROWN ANCHOR LAND ARANETA PROP ARTHALAND CORP AYALA LAND BELLE CORP CEB LANDMASTERS CEBU HLDG CENTURY PROP CITYLAND DEVT CROWN EQUITIES CYBER BAY DM WENCESLAO DOUBLEDRAGON EMPIRE EAST FILINVEST LAND GLOBAL ESTATE MEGAWORLD
7.73 0.77 9.7 1.74 0.56 40.75 2.39 4.05 5.6 0.405 0.88 0.233 0.335 8 17.7 0.48 1.5 1.1 4.78
VOLUME
NAME
OPEN
HIGH
LOW
CLOSE
VOLUME
VALUE
NET FOREIGN BUYING/(SELLING), PHP
MRC ALLIED PHIL ESTATES PHIL INFRADEV PHIL REALTY PRIMEX CORP ROBINSONS LAND ROCKWELL SHANG PROP SM PRIME HLDG STA LUCIA LAND STARMALLS SUNTRUST HOME VISTA LAND
0.41 0.48 2.39 0.39 3.8 21 2 3.12 35.95 1.22 5.62 0.73 5.14
0.415 0.48 2.39 0.39 3.8 21.1 2 3.12 35.95 1.25 5.62 0.73 5.19
0.4 0.465 2.33 0.38 3.61 20.7 2 3.09 35.2 1.19 5.29 0.73 5.11
0.4 0.465 2.33 0.385 3.74 20.7 2 3.1 35.45 1.25 5.48 0.73 5.18
27,760,000 700,000 5,024,000 90,000 506,000 3,424,400 10,000 5,000 9,198,700 4,597,000 272,200 170,000 2,623,300
11,219,500 333,800 11,776,730 34,350 1,862,900 71,423,660 20,000 15,510 326,011,090 5,678,230 1,470,488 124,100 13,528,594
44,500 -534,170 -882,090 14,241,375 -12,390 -109,814,320 -311,500 -5,658,464.00
2GO GROUP ABS CBN ACESITE HOTEL APC GROUP APOLLO GLOBAL BERJAYA BLOOMBERRY CEBU AIR CENTRO ESCOLAR CHELSEA DISCOVERY WORLD EASYCALL FAR EASTERN U GLOBE TELECOM GMA NETWORK GOLDEN BRIA HARBOR STAR IMPERIAL INTL CONTAINER IPEOPLE IPM HLDG ISLAND INFO ISM COMM JACKSTONES LBC EXPRESS LEISURE AND RES LORENZO SHIPPNG MACROASIA MANILA BULLETIN MANILA JOCKEY MELCO RESORTS METRO RETAIL METROALLIANCE A METROALLIANCE B NOW CORP PACIFIC ONLINE PAL HLDG PAXYS PHIL SEVEN CORP PHILWEB PLDT PREMIUM LEISURE PRMIERE HORIZON PUREGOLD ROBINSONS RTL SBS PHIL CORP SSI GROUP STI HLDG TRANSPACIFIC BR TRAVELLERS WATERFRONT WILCON DEPOT
11.3 19.92 1.46 0.4 0.039 2.71 7.99 72.5 7.74 6.55 2.4 19.3 892 2,088 5.25 324.4 3.25 2.22 93.6 10.14 7.2 0.111 5.5 3.1 13.88 3.48 0.75 14.68 0.34 5.24 7.25 2.28 2.37 2.32 3.64 10.02 8.54 3.39 112.1 3.02 1,165 0.75 0.315 42.6 71.5 7.45 2.42 0.64 0.415 5.25 0.67 12.26
11.3 19.92 1.46 0.415 0.04 2.78 7.99 74 7.74 6.58 2.4 23 892 2,090 5.3 325 3.3 2.22 94.6 10.24 7.2 0.114 5.8 3.39 14.28 3.6 0.75 14.68 0.34 5.51 7.26 2.28 2.41 2.35 3.64 10.02 8.54 3.39 116 3.09 1,179 0.85 0.315 42.75 73.05 7.5 2.46 0.65 0.42 5.25 0.68 12.26
10.52 19.3 1.46 0.4 0.039 2.67 7.8 70.6 7.6 6.34 2.4 18.54 892 2,058 5.22 306.4 2.93 1.97 93.5 10.14 7.2 0.105 5.32 3.1 13.84 3.42 0.75 14 0.33 5.24 7.25 2.17 2.06 2.28 3.38 9.88 8.54 3.39 111.7 2.95 1,160 0.74 0.315 42.45 71.2 7.07 2.38 0.61 0.395 5.24 0.63 11.84
SERVICES 10.58 19.7 1.46 0.405 0.04 2.72 7.85 72.15 7.61 6.4 2.4 20 892 2,080 5.26 325 3.06 2.1 94.4 10.22 7.2 0.111 5.74 3.39 14.28 3.55 0.75 14.2 0.34 5.49 7.25 2.19 2.14 2.34 3.38 9.88 8.54 3.39 115.9 2.97 1,168 0.82 0.315 42.5 72 7.07 2.41 0.62 0.4 5.24 0.67 11.84
51,200 262,100 6,000 910,000 9,200,000 5,129,000 5,168,000 234,860 30,600 2,863,100 11,000 1,681,100 30 8,085 39,600 2,410 6,145,000 29,000 409,050 3,200 12,500 1,980,000 14,629,700 6,000 1,500 585,000 2,000 1,234,400 310,000 132,800 25,247,300 1,307,000 1,559,000 19,000 4,933,000 7,200 200 1,000 198,510 429,000 31,230 42,787,000 360,000 1,765,100 2,114,180 237,400 4,051,000 8,045,000 27,980,000 25,600 6,039,000 609,200
549,552 5,099,676 8,760 367,500 361,800 13,990,630 40,714,617 16,821,473 232,914 18,502,032 26,400 35,906,241 26,760 16,844,580 207,670 775,708 18,910,860 60,620 38,407,648.50 32,704 90,000 210,150 80,995,274 18,890 20,924 2,062,790 1,500 17,613,224 103,100 714,083 183,042,928 2,869,840 3,496,180 44,230 17,036,450 71,848 1,708 3,390 22,204,304 1,292,140 36,519,535 35,074,620 113,400 75,026,625 152,346,223.50 1,711,749 9,791,940 5,051,190 11,249,800 134,262 3,910,440 7,279,466
-10,520 109,350 51,370 -5,194,161 -9,050,052 -2,961,738 -121,005 26,760 10,285,800 -3,250 368,110 2,000 7,771,431.00 3,121,760.00 -88,750 -4,546,546 39,653,150 -535,410 747,490 8,016 -168,977 15,080 4,548,895 54,500 -55,386,160 -20,027,702 -1,225,070 -1,861,100 -476,000 -103,341 -3,242,170
ABRA MINING APEX MINING ATOK BENGUET A BENGUET B CENTURY PEAK DIZON MINES FERRONICKEL GEOGRACE LEPANTO A LEPANTO B MANILA MINING A MARCVENTURES NICKEL ASIA NIHAO OMICO CORP ORNTL PENINSULA ORNTL PETROL A ORNTL PETROL B PHINMA PETRO PX MINING PXP ENERGY SEMIRARA MINING UNITED PARAGON
0.002 1.61 16.26 1.13 1.13 1.9 7.12 1.68 0.202 0.095 0.108 0.007 1.14 2.22 1.12 0.59 1.02 0.012 0.012 3.23 2.82 15.7 24.55 0.0062
0.002 1.62 16.8 1.13 1.13 1.9 7.12 1.69 0.204 0.098 0.108 0.007 1.14 2.22 1.13 0.59 1.05 0.012 0.012 3.41 2.82 15.8 25 0.0062
0.002 1.57 16.26 1.13 1.13 1.9 7.05 1.66 0.201 0.093 0.108 0.007 1.14 2.09 1.08 0.59 0.95 0.012 0.012 3.23 2.75 15.2 24.2 0.0062
MINING & OIL 0.002 168,000,000 1.61 1,921,000 16.7 13,100 1.13 7,000 1.13 3,000 1.9 14,000 7.05 6,100 1.69 2,534,000 0.204 50,000 0.098 1,980,000 0.108 10,000 0.007 1,000,000 1.14 1,000 2.1 13,047,000 1.08 52,000 0.59 75,000 0.99 1,912,000 0.012 114,100,000 0.012 81,100,000 3.41 2,000 2.75 1,085,000 15.66 1,036,100 24.5 1,957,900 0.0062 2,000,000
336,000 3,065,870 213,854 7,910 3,390 26,600 43,161 4,247,320 10,090 189,360 1,080 7,000 1,140 27,953,430 57,550 44,250 1,898,660 1,369,200 973,200 6,640 3,012,910 16,119,048 48,378,430 12,400
54,000 -1,844,230 -13,193,470 15,200 18,000 -319,990 -400,864 -12,886,205 -
ABS HLDG PDR FGEN PREF G HOUSE PREF A LR PREF MWIDE PREF PCOR PREF 2A SMC FB PREF 2 SMC PREF 2B SMC PREF 2C SMC PREF 2E SMC PREF 2F SMC PREF 2H
18.82 103 97 1.01 99.7 932 997.5 75.9 76.6 71.95 75 73.9
18.82 103 97 1.01 99.7 932 997.5 75.9 76.6 74 75 74
18.52 102 97 1.01 99.3 932 997.5 75.9 76.6 71.95 75 73.9
PREFERRED 18.58 116,200 102 99,030 97 220 1.01 35,000 99.3 14,640 932 50 997.5 10 75.9 100 76.6 330 74 26,100 75 220 74 2,350
2,169,550 10,105,090 21,340 35,350 1,453,770 46,600 9,975 7,590 25,278 1,890,195 16,500 173,865
-1,968,746 59,590 -
LR WARRANT
1.99
2.12
1.99
WARRANTS 2.02 132,000
267,940
-2,050
ITALPINAS XURPAS
4.6 1.25
4.65 1.29
4.32 1.18
4.5 1.22
1,577,500 7,567,740
-76,460 -457,310
FIRST METRO ETF
111.5
111.5
110.1
1,082,386
-
MS
PROPERTY 7.74 0.74 10.58 1.75 0.56 40.3 2.45 4 6 0.4 0.88 0.255 0.33 8.05 17.5 0.48 1.46 1.06 4.71
241,700 2,261,000 3,800 10,000 402,000 7,844,400 1,652,000 349,000 4,700 1,460,000 99,000 34,730,000 4,570,000 57,200 283,000 320,000 3,448,000 2,138,000 5,269,000
TRADING SUMMARY FINANCIAL INDUSTRIAL HOLDING FIRMS
SHARES
17,378,932 80,042,967 122,697,598
PROPERTY
119,560,401
SERVICES
1,520,641,963
MINING & OIL
392,779,116
GRAND TOTAL
2,259,688,005
SME
354,000 6,222,000
EXCHANGE TRADED FUNDS 110.1 9,780
VALUE 1,766.99 (DOWN) 28.30 803,204,505.55 FINANCIAL INDUSTRIAL 10,719.33 (DOWN) 122.19 884,682,198.64 HOLDING FIRMS 7,135.97 (DOWN) 153.81 1,607,085,908.56 PROPERTY 3,600.40 (DOWN) 45.86 SERVICES 1,407.67 (DOWN) 4.62 819,861,869.36 MINING & OIL 8,317.60 (DOWN) 93.63 10,608,916,446.44 PSEI 7,348.21 (DOWN) 112.85 107,993,456.4082 All Shares Index 4,441.14 (DOWN) 54.74 14,841,976,746.72 Gainers: 59; Losers: 134; Unchanged: 43; Total: 236
MRC Allied raising P1b to expand solar output By Jenniffer B. Austria MRC Allied Inc. plans to raise P1 billion through a private placement to expand the company’s renewable portfolio to 100 megawatts of solar energy over the next two years. Newly-appointed MRC president Gus Cosio said in an interview the company was focusing on renewable energy, mainly solar which is faster to roll out. Cosio said the company was looking to build a 12-megawatt solar power facility in Central Luzon and interested in other acquisitions in Visayas and in Davao. “To be attractive we need to at least have 100 MW of solar energy in our portfolio. We plan to achieve that target over the next two years,” Cosio said. MRC Allied owns a 15-percent stake in a Leyte-based solar power firm Sulu Electric Power and Light Philippines (Sepalco) valued at P255 million. It has the option to further increase its stake in the company to at least 51 percent. Cosio said MRC Allied by 2019 plans to have at least 43 MW of solar power through organic growth and acquisitions. The company is now in talks to acquire a 30-MW solar power plant project in Leyte. To fund potential acquisitions and construction of its own solar power plants, MRC Allied is looking to conduct a private placement to local investors. Meanwhile, MRC Allied reported it signed a memorandum of agreement with Edward Marcs Philippines Inc. for the design, supply, delivery, construction, installation, testing and commissioning of its 550 kWP Grid-Tied Solar PV Rooftop Project for two rice milling plants in Northern Luzon. The project is estimated to cost P34 million. Under the agreement, MRC Allied will be the project developer and owner of the solar facility while a private entity, owning and operating two milling plants, will purchase the power output. Share price of MRC Allied on Monday dropped 3.6 percent to P0.40.
SN Aboitiz eyes additional 50 MW from Magat Dam By Alena Mae S. Flores SN ABOITIZ Power Corp., a joint between SN Power of Norway and Aboitiz Power Corp., plans to generate 30 to 50 megawatts of capacity from a floating solar project in the Magat dam reservoir. “We have always viewed ourselves as a renewable energy company—not just a hydro power producer,” said SNAP Group president and chief executive officer Joseph Yu. “As a company pushing for greener solutions, we aim for minimal environmental impact as possible in our projects. We espouse a nexus approach to development, where we recognize the interdependence of food, water, and energy and optimize them for balance and synergy,” he said. SNAP is piloting a 200-kilowatt floating solar project in the Magat Dam reservoir after receiving the go-signal from the National Irrigation Administration. The pilot project will be constructed over a 2,500-square meter area over the Magat reservoir, and will focus on providing internal power to SNAP’s facilities in the area. SNAP will conduct a stress test to ensure the facility works through incidences of massive inflows and strong typhoons. “The intent is to stress test it and operate it before the wet season... We are hoping if it works, it is scalable and a venue for us to grow pretty rapidly. Land-based solar takes 6 to 8 months to build. Assuming the floating solar works, I would like to build expansion as early as 2020,” Yu said. NIA administrator Ricardo Visaya said a hectare of solar field could produce one megawatt of power. The government agency said if 200 of the 4,500 hectares of the Magat Dam reservoir would be will be used for water-based solar power, 200 MW will be generated and 200 hectares of agricultural lands could be saved. Floating solar facilities have a number of other benefits according to studies. They safeguard the water levels in dams and reservoirs by preventing evaporation. Such facilities can also provide sanctuary for marine life that cannot survive in very hot temperatures.