B2
Business
FRIDAY, JULY 13, 2018 extrastory2000@gmail.com
Stocks gain; Megaworld climbs
T
HE stock market extended its gains Thursday, buoyed by buying on select issues and on the back of expectations the US is better prepared to deal with a trade war with China.
The Philippine Stock Exchange Index rose 16.85 points, or 0.2 percent, to 7,350.58 on a value turnover of P5.5 billion. Losers, however, beat gainers, 106 to 84, with 46 issues unchanged. Megaworld Corp., the biggest lessor of office spaces, advanced 4 percent to P4.65, while Security Bank Corp., the sixth-largest lender in terms of assets, gained 2.4 percent to P207.40. Conglomerate Ayala Corp. climbed 3 percent to P966, while Metropolitan Bank & Trust Co., the second-biggest bank, added 1.7 percent to P70.30. The rest of Asian markets on Thurs-
day recovered from the previous day’s hammering, oil prices bounced and the dollar extended a rally. While investors remain on edge about a damaging standoff between the world’s two economic superpowers, there are hopes the two sides will avoid an escalation despite Donald Trump threatening tariffs on a further $200 billion of Chinese goods. The optimism helped bargain buying Thursday, with Tokyo ending more than one percent higher and Hong Kong adding 0.8 percent. Shanghai jumped 2.2 percent as the Chinese central bank set the struggling yuan’s US dollar fix at a strong level in a bid to soothe concerns about its recent sell-off, while the official Xinhua news agency in a commentary said the country’s equity market fluctuations were controllable. The remarks suggested
Japan’s Nikkei has been given an extra nudge by a weaker yen, which helps exporters. Despite the currency’s popularity as a safe have in times of turmoil, the yen is at a six-month low against the dollar, which is getting support from the robust US economy. While most other countries are seeing improvement, data show the US is surging as jobs creation picks up and wages rise. News that producer price inflation hit a more than six-year high in June added to expectations the Federal Reserve will hike interest rates again soon, in turn strengthening the dollar. The strong readings coming out of Washington suggest the US is in a much stronger position to fight a trade war with China, which is battling slowing growth and a crippling debt mountain among other things. With AFP
leaders were ready to step in if needed, analysts said. Sydney, Singapore, Seoul and Taipei were also deep in positive territory. However, Stephen Innes, head of Asia-Pacific trading at OANDA, warned “we are little more than a headline away from another risk-off episode” and added that markets would likely remain volatile for some time. “The prospects of another round of US tariffs directed at China have resurrected fears that the trade skirmish between Washington and Beijing could escalate with some investors now fearing a full-blown global trade war could be a reality,” he said. “But the most damning signal is that dialogue... is pretty much non-existent and with a diplomatic solution appearing more unlikely as the days go by markets will remain on the defensive.”
MANILA STANDARD BUSINESS DAILY STOCKS REVIEW THURSDAY, JULY 12, 2018
VOLUME
VALUE
NET FOREIGN BUYING/(SELLING), PHP
NAME
OPEN
HIGH
LOW
CLOSE
ASIA UNITED BANK PH ISLANDS BDO LEASING BDO UNIBANK BRIGHT KINDLE CHINABANK CITYSTATE BANK COL FINANCIAL EAST WEST BANK FERRONOUX HLDG IREMIT MEDCO HLDG METROBANK NTL REINSURANCE PB BANK PBCOM PHIL NATL BANK PHIL STOCK EXCH PHILTRUST PSBANK RCBC SECURITY BANK UNION BANK
59.4 94.2 2.84 130 1.5 33.35 7.5 16.5 14.82 3.55 1.5 0.53 69.35 1.06 11.98 19.7 46.85 195 117 85 28.3 201.4 85.85
59.5 97.3 2.84 130.3 1.5 33.35 7.5 16.6 14.84 3.55 1.5 0.53 70.9 1.08 12 19.7 46.85 195 118 85 28.7 208 85.85
59 93.15 2.76 128 1.47 33.1 7.5 16.5 14.7 3.55 1.5 0.52 69.35 1.05 11.9 19.7 46.6 191.6 110 85 28.3 201.4 85.5
FINANCIALS 59.4 26,900 96 2,890,500 2.76 9,000 129 938,310 1.47 9,000 33.2 35,100 7.5 200 16.54 2,500 14.72 51,100 3.55 1,000 1.5 5,000 0.53 382,000 70.3 8,042,180 1.08 383,000 11.9 11,400 19.7 200 46.6 63,700 191.6 200 118 210 85 30 28.3 50,800 207.4 615,370 85.8 15,800
1,596,349.50 276,034,997 25,160 121,044,218 13,410 1,165,320 1,500 41,362 755,494 3,550 7,500 201,840 564,993,552.50 405,150 135,708 3,940 2,972,865 38,664 23,880 2,550 1,450,370 127,195,208 1,353,903.50
1,388,852 86,204,418 -43,954,698 3,320 4,962 208,536 -93628235.5 -9,450 -2,045,315 3,834 -525,580 12,169,254 -106,200
ABOITIZ POWER AGRINURTURE ALLIANCE SELECT ALSONS CONS BASIC ENERGY CEMEX HLDG CENTURY FOOD CIRTEK HLDG CNTRL AZUCARERA CONCEPCION CONCRETE A CROWN ASIA DEL MONTE DNL INDUS EAGLE CEMENT EEI CORP EMPERADOR ENERGY DEVT EUROMED FIRST GEN FIRST PHIL HLDG GINEBRA HOLCIM INTEGRATED MICR IONICS JOLLIBEE LMG CHEMICALS MANILA WATER MAXS GROUP MEGAWIDE MERALCO MG HLDG 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 SPC POWER TKC METALS UNIV ROBINA VITARICH VULCAN INDL
35.6 16 0.61 1.16 0.27 3.04 15.8 43.2 21.3 52.5 65 1.8 7.68 10.04 15.54 10.7 7.3 5.2 1.62 14.76 61.2 23.5 7.2 14.02 2.47 249 5.06 27 11.08 19.5 357 0.179 2.25 4.05 8.7 5.9 7.7 1.25 11.8 54.5 5.7 4.7 2.08 3.2 1.82 12.8 5.4 0.89 123.7 2.62 1.38
36.5 16 0.66 1.19 0.28 3.12 16.46 44.25 21.8 53.95 65 1.82 7.75 10.12 15.92 10.96 7.38 5.25 1.62 14.92 61.35 23.5 7.3 14.26 2.57 251.4 5.07 27.35 11.14 19.5 357 0.18 2.25 4.06 8.8 5.9 7.7 1.26 12 56.7 5.92 4.7 2.12 3.25 1.85 12.8 5.4 0.89 125.1 2.62 1.43
35.45 15.78 0.61 1.15 0.25 3 15.8 42.5 21 52.5 63.45 1.8 7.68 10.04 15.54 10.7 7.23 5.17 1.62 14.72 61 22.55 7.16 13.98 2.4 247.6 5.06 27 11 19.36 355 0.179 2.22 4.01 8.69 5.5 7.7 1.23 11.8 54.45 5.7 4.7 2.08 3.2 1.82 12.52 5.35 0.89 121.5 2.48 1.35
INDUSTRIAL 36.2 2,793,100 16 358,600 0.66 12,506,000 1.17 220,000 0.26 25,850,000 3.12 1,472,000 16.46 2,200 43.5 511,500 21.8 29,600 53.95 10,040 63.45 4,440 1.82 494,000 7.75 16,800 10.08 189,400 15.92 208,400 10.92 2,400 7.33 1,128,600 5.24 2,283,100 1.62 1,000 14.84 1,131,800 61 9,170 23 49,900 7.2 100,700 14 1,535,900 2.51 3,520,000 249.8 1,783,980 5.06 22,000 27.35 33,100 11.08 196,600 19.4 1,459,400 355.6 92,980 0.18 200,000 2.25 1,208,000 4.03 114,000 8.8 904,700 5.54 1,598,100 7.7 12,800 1.24 84,000 12 21,800 56.7 605,620 5.92 85,700 4.7 1,000 2.1 594,000 3.25 43,000 1.82 109,000 12.8 513,500 5.35 69,000 0.89 80,000 123 446,690 2.51 8,249,000 1.39 6,653,000
101,028,660 5,707,730 8,056,340 256,370 6,870,200 4,487,550 36,146 22,268,345 629,910 527,158 282,888.50 889,810 129,113 1,910,822 3,312,684 25,874 8,272,163 11,954,361 1,620 16,794,690 560,385 1,141,425 725,533 21,532,832 8,750,030 447,212,688 111,330 894,935 2,175,384 28,407,724 33,076,894 35,850 2,717,720 460,120 7,918,391 9,032,791 98,560 104,330 259,940 33,972,029.50 501,426 4,700 1,246,990 139,600 199,690 6,519,688 370,213 71,200 54,957,914 20,879,250 9,272,590
3,079,925 1,173,924 -63,650 2,147,620 -2,125 -525,000 -39,880 -1,550 -466,818.00 3,168 -2,218,084 -114,541 1,522,718 8,177.50 -30,050 -4,334,156 7,620 -63,964,536 -721,705 8,956 -13,107,378 7,353,504 330,530 -282,230 -330,948.00 16,420 7,482,816.50 239,883 -22,990 4,641,966 40,452 16,088,906 -3,094,830 59,710.00
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 FORUM PACIFIC GT CAPITAL HOUSE OF INV 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 SYNERGY GRID TOP FRONTIER WELLEX INDUS ZEUS HLDG
0.27 53 11.6 0.92 6 31.4 0.68 0.68 938 6.03 11 7.1 4.31 0.206 920 5.99 51.3 0.67 3.6 18.18 0.68 4.65 0.038 1.3 2.67 137.7 914.5 0.74 1.61 475 260 0.37 0.21
0.27 54.25 11.66 0.98 6 34.45 0.74 0.73 966 6.11 11 7.1 4.59 0.213 957.5 6 51.75 0.71 3.6 18.18 0.68 4.66 0.039 1.33 2.83 137.7 916.5 0.74 1.61 490 260 0.4 0.225
0.25 52.8 11.6 0.91 6 30.8 0.66 0.68 923 6 10.78 7.1 4.31 0.202 917 5.98 50.1 0.61 3.57 17.82 0.63 4.5 0.037 1.2 2.66 136.7 900 0.74 1.61 470 259.2 0.35 0.21
HOLDING FIRMS 0.26 3,360,000 53.55 694,220 11.6 3,496,100 0.97 89,000 6 30,300 32.3 784,300 0.72 49,610,000 0.73 6,876,000 966 309,830 6.07 45,600 11 1,452,500 7.1 400 4.59 18,000 0.213 520,000 952 103,840 6 41,100 51 1,591,640 0.63 5,478,000 3.58 785,000 18 331,300 0.64 8,084,000 4.5 36,236,000 0.038 9,700,000 1.28 6,744,000 2.82 2,429,000 137 86,490 909 251,600 0.74 31,000 1.61 1,000 490 160 260 10,400 0.355 152,830,000 0.216 860,000
866,000 37,279,173 40,631,960 81,710 181,800 25,895,455 35,329,040 4,915,850 294,909,995 276,616 15,913,290 2,840 80,380 106,080 97,413,980 246,494 81,462,144 3,634,750 2,814,340 5,970,794 5,242,230 165,751,310 364,000 8,264,810 6,738,010 11,855,005 228,893,055 22,940 1,610 75,600 2,702,972 56,961,050 188,230
-13,722,316 -17,551,592 136,800 1,130,550 508,900 51,387,385 216,682.00 1,722,510 2,415,470 5,782,537.50 943,750 -1,999,490 1,484,100 -127,324,040 -9,850 50,760 -712,545 91,206,710 111,400 83,760
8990 HLDG A BROWN ANCHOR LAND ARANETA PROP ARTHALAND CORP AYALA LAND BELLE CORP CEB LANDMASTERS CEBU HLDG CENTURY PROP CITY AND LAND CITYLAND DEVT CROWN EQUITIES CYBER BAY DM WENCESLAO DOUBLEDRAGON EMPIRE EAST EVER GOTESCO FILINVEST LAND GLOBAL ESTATE IRC PROP MEGAWORLD MRC ALLIED PHIL ESTATES
7.4 0.98 15 1.85 0.74 37.05 3.17 4.64 5.65 0.435 0.97 0.91 0.229 0.39 8.75 25.5 0.61 0.117 1.48 1.2 1.45 4.48 0.58 0.455
7.4 0.98 15 1.85 0.74 38.25 3.17 4.67 5.92 0.44 0.97 0.91 0.229 0.39 9.1 25.7 0.61 0.117 1.5 1.21 1.5 4.65 0.59 0.465
7.2 0.96 14.3 1.85 0.7 37.05 3.14 4.56 5.63 0.43 0.9 0.85 0.22 0.39 8.73 25.05 0.6 0.117 1.47 1.18 1.38 4.47 0.57 0.435
1,611,883 1,552,540 159,860 75,850 1,578,160 296,228,025 227,500 1,970,160 22,577 597,350 122,430 741,960 2,883,660 81,900 25,727,968 29,175,065 35,010 17,550 4,173,530 1,073,750 41,141,120 61,269,340 8,310,230 5,742,000
91,230 127,260 27,136,110 -9,460 -785,140.00 -8,900 22,100 -10,558,744 -3,720,570 -460,770 -2,971,140 -988,850 32,210.00 145,200
NAME
HIGH
LOW
CLOSE
VOLUME
VALUE
PHIL REALTY PRIMEX CORP ROBINSONS LAND ROCKWELL SHANG PROP SM PRIME HLDG STA LUCIA LAND STARMALLS SUNTRUST HOME VISTA LAND
0.52 3.6 19.74 2.03 3.27 36.95 1.03 7.35 0.78 6.03
0.54 3.62 19.74 2.05 3.27 37.05 1.05 7.6 0.8 6.1
0.5 3.35 19.2 2 3.23 35.2 1.03 7.13 0.76 6.01
0.52 3.6 19.2 2 3.27 36.4 1.05 7.24 0.8 6.1
8,107,000 4,530,000 1,570,500 43,000 12,000 2,763,100 122,000 874,300 471,000 1,014,200
4,208,760 15,800,480 30,580,444 86,520 39,120 100,705,265 127,400 6,369,071 366,280 6,158,179
2,101,800 5,874,298.00 30,000 -1,199,545 1,000,900 91,440 -3,773,016
2GO GROUP ABS CBN ACESITE HOTEL APC GROUP APOLLO GLOBAL ASIAN TERMINALS BLOOMBERRY BOULEVARD HLDG CEBU AIR CENTRO ESCOLAR CHELSEA DFNN INC DISCOVERY WORLD EASYCALL 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
14.8 23.75 1.33 0.47 0.045 15.02 9.44 0.054 69 8.99 6.95 7.25 2.08 23.1 1,634 5.39 276 3.41 2.07 79.5 12.98 7.99 0.137 2.79 3.5 15 4.07 1.02 25.1 0.455 4.24 5.21 2.63 2.24 2.28 9.19 10.98 8.4 3.11 121.5 5.15 1,341 0.87 0.335 46 83.9 8.01 1.84 1.14 0.445 4.91 0.8 12.08
14.8 23.75 1.33 0.47 0.045 15.96 9.75 0.054 71.55 8.99 7 7.4 2.08 24.3 1,661 5.39 282.8 3.41 2.1 80.15 12.98 8 0.149 2.88 3.63 15 4.13 1.04 25.55 0.47 4.43 5.46 2.63 2.35 2.45 9.28 10.98 8.4 3.2 121.5 5.2 1,356 0.87 0.34 46 83.9 8.1 1.85 1.14 0.64 5.02 0.8 12.08
14.7 23.5 1.33 0.465 0.044 15 9.44 0.052 68.7 8.99 6.85 7.25 2.08 22.3 1,631 5.37 273.2 3.33 2.07 79.1 12.98 7.99 0.137 2.65 3.42 15 4.05 1.01 25.1 0.455 4.2 5.21 2.62 2.01 2.11 8.98 10.98 8.4 3.11 120.5 5.13 1,332 0.85 0.335 45 82 8 1.82 1.13 0.445 4.9 0.76 12
SERVICES 14.7 23.75 1.33 0.47 0.045 15.8 9.73 0.053 70.4 8.99 6.86 7.4 2.08 23.45 1,640 5.37 282 3.33 2.1 79.4 12.98 8 0.142 2.7 3.55 15 4.05 1.02 25.3 0.465 4.43 5.39 2.62 2.05 2.26 9.03 10.98 8.4 3.2 120.5 5.15 1,350 0.85 0.34 45.7 82.8 8.1 1.83 1.13 0.62 5.02 0.77 12.04
6,600 49,400 188,000 2,740,000 7,800,000 3,500 4,819,200 5,860,000 233,410 100 1,046,600 14,500 24,000 326,400 8,110 79,100 3,230 680,000 25,000 1,279,750 800 12,000 79,140,000 6,353,000 310,000 8,100 366,000 1,331,000 176,300 40,000 149,000 3,809,700 469,000 1,124,000 78,000 3,735,400 5,000 3,500 6,000 680 460,900 106,555 1,767,000 40,000 1,716,500 107,280 72,700 824,000 3,277,000 715,020,000 6,070,000 3,909,000 2,848,700
97,372 1,167,770 250,040 1,286,350 347,500 52,700 46,708,175 310,370 16,416,888 899 7,210,049 106,463 49,920 7,594,980 13,315,325 425,142 903,318 2,287,660 52,470 101,957,981.50 10,384 95,950 11,375,900 17,353,200 1,080,700 121,500 1,490,480 1,358,140 4,462,505 18,600 646,100 20,456,526 1,233,050 2,392,660 177,340 33,851,857 54,900 29,400 18,750 82,213 2,375,853 143,676,950 1,508,360 13,450 78,272,625 8,881,381.50 582,194 1,507,810 3,708,110 412,181,500 30,156,010 3,022,010 34,274,622
47,000 -9,000 -25,319,696 106,000 -5,142,037.50 -54,530 32,370 3,900,045 441,930 3,621,407.50 -60,730 107,200 105,000 612,250 152,480 1,242,045 -15,020 4,733,261 -23,640 114,000.00 192,889.00 18,615,275 -352,590 -54,295,010 -4,623,338.50 -309,600 -82,920 -502,830 -6,362,700 -11,257,200 -432,240 -17,289,732
ABRA MINING APEX MINING ATLAS MINING ATOK BENGUET A BENGUET B CENTURY PEAK COAL ASIA HLDG DIZON MINES FERRONICKEL GEOGRACE LEPANTO A LEPANTO B MARCVENTURES NICKEL ASIA NIHAO OMICO CORP ORNTL PENINSULA ORNTL PETROL A ORNTL PETROL B PHILODRILL PHINMA PETRO PX MINING PXP ENERGY SEMIRARA MINING UNITED PARAGON
0.0025 1.44 3.95 22.6 1.5 1.48 1.68 0.3 8.42 2.16 0.228 0.123 0.129 1.51 4.3 1.54 0.5 1.44 0.012 0.012 0.012 2.97 4.38 10.3 31.95 0.0059
0.0026 1.45 3.95 22.8 1.5 1.48 1.71 0.3 8.45 2.16 0.27 0.128 0.13 1.51 4.42 1.55 0.5 1.47 0.013 0.012 0.013 2.97 4.4 10.38 31.95 0.0059
0.0025 1.43 3.94 20.5 1.5 1.48 1.68 0.295 7.35 2.11 0.223 0.123 0.129 1.48 4.3 1.29 0.5 1.22 0.012 0.012 0.011 2.83 4.37 10.18 31.45 0.0059
MINING & OIL 0.0026 84,000,000 1.44 564,000 3.94 35,000 21.1 101,800 1.5 30,000 1.48 25,000 1.7 504,000 0.3 530,000 7.8 40,800 2.14 2,538,000 0.235 16,210,000 0.125 2,090,000 0.13 260,000 1.49 413,000 4.39 2,416,000 1.34 8,350,000 0.5 10,000 1.24 17,220,000 0.012 502,600,000 0.012 100,000 0.011 101,700,000 2.86 235,000 4.37 92,000 10.24 424,300 31.5 909,700 0.0059 3,000,000
213,100 811,000 137,960 2,172,070 45,000 37,000 856,730 158,900 325,070 5,422,940 3,990,680 261,540 33,780 617,370 10,592,850 11,660,220 5,000 22,836,510 6,032,300 1,200 1,187,600 674,490 403,140 4,344,858 28,682,220 17,700
26,000 148,820 -11,820 52,250 -60,000 -6,360 4,429,090 261,270 546,590 1,200 -1,300 275,600 -182,210 -
ABS HLDG PDR FGEN PREF G GMA HLDG PDR GTCAP PREF B LR PREF PNX PREF 3B SMC PREF 2B SMC PREF 2D SMC PREF 2F SMC PREF 2G SMC PREF 2H SMC PREF 2I
20.7 107 5.23 970 1.03 106 76.2 75.3 77.5 75.3 76 75.4
20.7 107 5.24 970 1.03 106 76.2 75.3 77.5 75.4 76 75.4
20.5 107 5.23 970 1.03 106 75.4 75.3 77.5 75.3 75.4 75.4
PREFERRED 20.55 459,800 107 3,030 5.24 27,200 970 10 1.03 100,000 106 200 75.4 316,160 75.3 96,720 77.5 20 75.3 71,170 75.4 26,930 75.4 13,400
9,437,105 324,210 142,513 9,700 103,000 21,200 23,838,795.50 7,283,016 1,550 5,360,812 2,031,930 1,010,360
-3,621,305 -
LR WARRANT
2.38
2.38
2.3
WARRANTS 2.3 140,000
324,350
-
ITALPINAS XURPAS
5.1 3.14
5.19 3.17
5.03 3.09
5.11 3.12
1,066,555 6,168,050
46,411 327,790
FIRST METRO ETF
108.9
109.9
108.5
798,992
-
MS
PROPERTY 7.35 0.97 14.3 1.85 0.73 37.5 3.16 4.56 5.92 0.43 0.94 0.88 0.22 0.39 8.99 25.05 0.61 0.117 1.5 1.21 1.39 4.65 0.57 0.44
221,900 1,598,000 11,100 41,000 2,213,000 7,831,000 72,000 426,000 4,000 1,370,000 132,000 848,000 13,010,000 210,000 2,891,500 1,159,000 58,000 150,000 2,815,000 898,000 28,796,000 13,332,000 14,457,000 12,900,000
NET FOREIGN BUYING/(SELLING), PHP
OPEN
TRADING SUMMARY
SHARES
FINANCIAL
13,534,150
INDUSTRIAL
79,828,187
HOLDING FIRMS
303,967,467
PROPERTY
124,979,522
SERVICES
860,148,926
MINING & OIL
745,516,336
GRAND TOTAL
2,130,168,395
SME
209,100 1,977,000
EXCHANGE TRADED FUNDS 109.8 7,300
VALUE 1,824.08 (up) 17.57 1,099,491,799.63 FINANCIAL INDUSTRIAL 10,390.30 (up) 76.89 936,388,800.60 HOLDING FIRMS 7,248.80 (up) 24.42 1,709,799,550.50 PROPERTY 3,582.08 (down) 19.19 1,432.98 (up) 0.55 649,036,761.625 SERVICES MINING & OIL 9,681.06 (down) 27.17 1,027,522,358.94 PSEI 7,350.58 (up) 16.85 101,547,865.382 All Shares Index 4,455.20 (up) 7.19 5,531,824,193.32 Gainers: 84; Losers: 106; Unchanged: 46; Total: 236
China Bank raises P10.25b from long-term time deposits By Julito G. Rada CHINA Banking Corp., the seventhlargest lender in terms of assets, successfully raised P10.25 billion through a public offering of peso-denominated long-term negotiable certificates of time deposits. The bank said Thursday the offering was the first tranche of its planned P20-billion LTNCDs earlier approved by regulators. The bank increased the offer from the initial size of P5 billion to P10.25 billion following an oversubscription, with an interest rate of 4.55 percent per annum. This is the largest LTNCD issuance in the banking industry so far this year and the biggest tranche of LTNCD done in China Bank’s history. The bank plans to use proceeds from the fund-raising activity to support strategic initiatives and expansion programs. China Bank chief operating officer Romeo Uyan Jr. led the ringing of the bell on Thursday to herald the listing and the start of trading of China Bank LTNCD due 2024 on the Philippine Dealing and Exchange Corp. platform. “This LTNCD issuance will make long-term funding available for our lending activities and development plans. We thank our depositors and clients for their strong support, which is a clear recognition of China Bank’s bright prospects ahead,” Uyan said. It was the China Bank’s third LTNCD listing on PDEx, following the P6.34billion LTNCD issue in 2017 and the P9.59-billion LTNCD issue in 2016. The Hongkong and Shanghai Banking Corp. Ltd. was the sole arranger and acted as selling agent, along with China Bank and China Bank Capital Corp. China Bank is one of the largest private universal banks in the Philippines providing a full range of banking products and services to corporate, commercial, and retail customers through 604 branches to date, including the 160 branches of its retail bank arm China Bank Savings. It offers a wide range of allied financial services through its subsidiaries China Bank Capital Corp., China Bank Securities Corp., China Bank Insurance Brokers Inc., and affiliate Manulife China Bank Life Assurance Corp.
SEC introduces ‘fast lane’ kiosks to trim backlog By Jenniffer B. Austria THE Securities and Exchange Commission has put up a “Fast Lane” online kiosks in several parts of the country to facilitate the online registration of new companies amid the increasing backlog of new applicants. The SEC said in a statement the Fast Lane kiosks, which stand for Facilitating Automated System Transition Lane, are located at its head office in the Philippine International Convention Center in Pasay City, as well as its satellite offices in Metro Manila and its extension offices in key cities of the country. The lanes, which are open from Monday to Friday, 8:00 a.m. to 5:00 p.m., will be manned by Fast Action Service Teams who will provide advisory assistance to new registrants of corporations, partnerships and associations with priority given to those applications filed in June and earlier. “The Fast Lane online kiosks were put in place to assist new registrants and to show them how easy it is to use the online registration system as they can replicate the process in the convenience of their own homes or offices. All they need is a stable internet service, and, of course, the information they will be inputting into the system”, said SEC chairman Emilio Aquino said, The online registration system is one of the mechanisms established by the SEC management to make services more efficient and easily accessible to the public. The SEC last year launched its company registration system, an online system intended to ensure faster registration processes with data capturing features to expedite company certification services. Both deliverables are intended to benefit the transacting public. The online system has undergone teething problems, especially in the filling up of corporate information, unstable internet connectivity, storage and other system readjustments. This resulted in the backlog of new companies applying for registration.