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Corporate Earnings Roundup (05/16/18)

7-Eleven PHL’s sales get boost from TRAIN law PHILIPPINE Seven Corp. (PSC) saw its profits jump 20.5% in the first quarter, driven by higher sales at its network of 7-Eleven convenience stores which was attributed to the “favorable” impact of the tax reform law. In a regulatory filing, the Philippine licensee of 7-Eleven convenience stores […] The post Corporate Earnings Roundup (05/16/18) appeared first on BusinessWorld......»»

Category: financeSource: bworldonline bworldonlineMay 15th, 2018

Investors turn attention to earnings reports

THE MAIN INDEX eked out last-minute gains on Tuesday after moving within a tight range as investors await the release of corporate earnings results in the coming weeks......»»

Category: financeSource:  bworldonlineRelated News10 hr. 56 min. ago

Stocks extend win streak to 4 days

Share prices extended their winning streak to four days, ending the week on a positive note as strong corporate earnings for the second quarter start to pour in......»»

Category: financeSource:  philstarRelated NewsJul 13th, 2018

Relief rally seen as earnings reports start coming in

Stock market investors may see a continued relief rally this week as second quarter local corporate results start trickling in. Last week, the main-share Philippine Stock Exchange index (PSEi) reco.....»»

Category: newsSource:  philippinetimesRelated NewsJul 2nd, 2018

LBC nets P541M

Logistics group LBC Express Holdings saw a 145-percent year-on-year surge in attributable net profit amounting to P541.36 million in the first quarter. The three-month profit increase was driven by higher volumes in both retail and corporate logistics, lower operating expenses, higher foreign exchange and other treasury gains alongside one-time gains from the business combination with LBC Mabuhay Saipan Inc. Including earnings attributable to minority interest, LBC's first quarter net profit rose by 147 percent year-on-year to P563.82 million. Service revenues increased by 12 percent year-on-year to P2.75 billion for the first three months as the company reported growth i...Keep on reading: LBC nets P541M.....»»

Category: newsSource:  inquirerRelated NewsMay 16th, 2018

PSEi bucks regional downtrend on positive earnings results

The stock market rallied yesterday after a long weekend, bucking sluggish regional markets behind a slew of positive corporate earnings results......»»

Category: financeSource:  philstarRelated NewsMay 16th, 2018

PH stocks down in thin trade

The local stock barometer slipped on Monday as investors digested a string of local corporate developments and the latest stream of first quarter earnings results. The main-share Philippine Stock E.....»»

Category: newsSource:  philippinetimesRelated NewsMay 8th, 2018

PSEi falters, stays afloat 7,500

The unified PSE trading floor in BGC The local stock barometer slipped on Monday as investors digested a string of local corporate developments and the latest stream of first quarter earnings resul.....»»

Category: newsSource:  philippinetimesRelated NewsMay 8th, 2018

Market to remain weak this week

A tug-of-war between buyers and sellers is expected to continue in the stock market this week as investors brace for the results of key economic data, alongside first quarter corporate earnings results......»»

Category: financeSource:  philstarRelated NewsApr 29th, 2018

Asia stocks supported by Wall St, but China drags

TOKYO — Asian stocks were supported on Thursday by robust corporate earnings that helped Wall Street quell concerns about the surge in U.S. bond yields. However, sagging Chinese shares limited the upside potential of the market. Spreadbetters expected European stocks to open higher off the back of firm U.S. stocks, pointing to a rise in […] The post Asia stocks supported by Wall St, but China drags appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsApr 26th, 2018

Market still waiting for fresh catalysts

The local stock barometer is seen striving to stay above the crucial 8,300 level this week as investors await fresh catalysts and as more fourth quarter local corporate earnings results come in. La.....»»

Category: sportsSource:  abscbnRelated NewsMar 13th, 2018

Analysts on banks’ stocks: Aggressive purchase and hold at current levels

By Carmina Angelica V. Olano THE GROWTH of banking stocks during the quarter accelerated, an uptrend which analysts attribute to lenders’ impressive corporate earnings. For this year, they also signaled an “overweight” on the sector, amid favorable interest rate environment and sustained strong economic fundamentals. The Philippine Stock Exchange index (PSEi) breached the 8,500 level […] The post Analysts on banks’ stocks: Aggressive purchase and hold at current levels appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsFeb 28th, 2018

Analysts on banks’ stocks: Aggressive purchase and hold at current levels (4th Quarter Banking Report 2017)

By Carmina Angelica V. Olano THE GROWTH of banking stocks during the quarter accelerated, an uptrend which analysts attribute to lenders’ impressive corporate earnings. For this year, they also signalled an “overweight” on the sector, amid favourable interest rate environment and sustained strong economic fundamentals. The Philippine Stock Exchange index (PSEi) breached the 8,500 level […] The post Analysts on banks’ stocks: Aggressive purchase and hold at current levels (4th Quarter Banking Report 2017) appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsFeb 28th, 2018

Traders turn upbeat ahead of earnings results

MANILA, Philippines — Market investors continue to be in the market but with guarded optimism ahead of the 2017 corporate income results, as well as the full.....»»

Category: financeSource:  philstarRelated NewsJan 15th, 2018

PSEi sets fresh record in Wall Street’s wake

By Patrizia Paola C. Marcelo THE Philippine Stock Exchange index (PSEi) has set a new all-time high on Friday, the latest in a string of records propelled by investor optimism over the Philippine economy and corporate earnings. Philippine stocks took the cue from Wall Street’s gains overnight that saw the Dow industrials break above the […] The post PSEi sets fresh record in Wall Street’s wake appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsJan 5th, 2018

Corporate results boost stock market to new high

Investors took heart from earnings results to boost the stock market to a new high on Monday with the benchmark Philippine Stock Exchange index (PSEi) gaining 1.75 percent or 146.94 points to close at 8,523.07. The wider All Shares rose 1.42 percent or 69.70 points to settle at 4,968.60. “Contrary to the regional trend, [the]Philippine [...] The post Corporate results boost stock market to new high appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimes_netRelated NewsNov 6th, 2017

Global stocks rise on optimism over growth, company earnings

TOKYO — Global stocks rose on yesterday amid optimism over global economic growth and corporate earnings......»»

Category: newsSource:  philstarRelated NewsNov 2nd, 2017

Asian markets extend gains but investors wary

HONG KONG: Asian equities edged up Tuesday as traders took a breather after recent strong gains, with more records on Wall Street unable to spur strong buying, but the dollar built on the previous day’s rally. While optimism remains over the world economy and corporate earnings — helping push global markets to all-time or multi-month [...] The post Asian markets extend gains but investors wary appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimes_netRelated NewsOct 17th, 2017

Bourse resumes climb to fresh peak

By Krista A. M. Montealegre National Correspondent THE PHILIPPINE STOCK EXCHANGE index (PSEi) sustained its dizzying ascent to uncharted territory, with the upcoming third-quarter economic growth data and corporate earnings season likely dictating if the rally has more gas left in its tank. Returning from a three-day break, the benchmark PSEi broke through the 8,500 […] The post Bourse resumes climb to fresh peak appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsOct 17th, 2017

Index to test 8,500

MANILA, Philippines — The stock market has room to move up again this week as market investors anticipate a rosy third quarter corporate earnings......»»

Category: financeSource:  philstarRelated NewsOct 15th, 2017

Corporate News: Provincial malls lift SM Prime Q2 profit

SM PRIME Holdings, Inc. grew its earnings by 15% in the second quarter of 2017, as it starts to reap the benefits of establishing more malls in the provinces......»»

Category: financeSource:  bworldonlineRelated NewsAug 7th, 2017