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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

Wall Street rally drives up local stocks

The stock market yesterday benefitted from renewed investor optimism. Traders said the stock market was lifted by the rally in the US stock market, which in turn was caused by strong corporate earnings results......»»

Category: financeSource:  philstarRelated NewsOct 17th, 2018

Hot money inflows highest in 4 months

Foreign portfolio investment inflows hit a four-month high of $225.85 million in August, reversing a net outflow of $57.52 million in the same month last year on the back of good second quarter corporate earnings results......»»

Category: financeSource:  philstarRelated NewsSep 13th, 2018

PH shares seen struggling to stay above 7,800

The local stock barometer is seen struggling to stay above the 7,800 level this week as investors wrap up their review of the local second quarter corporate earnings reporting season. Last week, th.....»»

Category: newsSource:  philippinetimesRelated NewsAug 13th, 2018

Market expected to ease this week

The stock market is expected to retreat this week after the disappointing second quarter economic performance and some lower-than-expected corporate earnings......»»

Category: financeSource:  philstarRelated NewsAug 12th, 2018

Q2 corporate earnings cut by inflation, fuel costs

The unabated increase in inflation, soaring fuel costs and the depreciation of the peso against the dollar have cut consumer-related companies’ second quarter earnings, dampening the outlook for the rest of the year for some listed companies which thrive on food, beverage and other consumer-driven goods......»»

Category: financeSource:  philstarRelated NewsAug 12th, 2018

World stocks edge up amid corporate news, US-China spat

BANGKOK --- World stock markets mostly rose Wednesday as investors focused on corporate news and looked past the US decision to follow through with plans to put higher tariffs on $16 billion in Chinese exports. Keeping score In Germany, the DAX was up 0.3 percent to 12,688, while France's CAC 40 was about flat at 5,525. Britain's FTSE 100 gained 0.9 percent to 7,787, driven by a drop in the pound, which helps the country's main exporters and multinationals. Sentiment was also driven by higher earnings at commodities trader Glencore, suggesting the industry is recovering from years of trouble. The future contract for the Dow edged up 0.1 percent while that of the S&P 50...Keep on reading: World stocks edge up amid corporate news, US-China spat.....»»

Category: newsSource:  inquirerRelated NewsAug 8th, 2018

Asian markets mostly higher after Wall Street gains

Asian stock markets were mostly higher Wednesday after Wall Street gained on strong corporate earnings......»»

Category: newsSource:  philstarRelated NewsJul 25th, 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 NewsJul 17th, 2018

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