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Historically low valuation

The Philippine stock market bloodbath over the past two years saw the PSEi plummet from 7,122.6 on the last trading day of 2021 to 6,566.4 on the last trading day of 2022 for a 7.8 percent annual retreat and slide even further in 2023 to close at 6,450.0 on the last trading day of the year. In terms of valuation, the PSEi’s 2023 year-end 12.9x price-to-earnings (P/E) ratio does not fare well when compared against its past performance in prior years......»»

Category: financeSource:  philstarRelated NewsMar 6th, 2024

First Metro thinks PSEi could hit 7,500 this year

First Metro Investment Corp head of research, Cristina Ulang, said that the PSEi could rise to as high as 7,500 this year......»»

Category: financeSource:  philstarRelated NewsJan 15th, 2024

PSEi to stay at 6,700 ahead of inflation data

The stock market will try to hold on to the 6,700 level this week as investors will be on the lookout for inflation data and corporate earnings results......»»

Category: financeSource:  philstarRelated NewsFeb 4th, 2024

BSP boss shines spotlight on insider trading

As reported by the BusinessMirror, BSP Governor Eli Remolona gave a speech at the Manila Polo Club to a meeting of Rotary Club members where he noted the problem of insider trading, citing the specific example of how “nothing moves” when listed companies report overwhelmingly positive earnings because those trades were placed ahead of the announced earnings......»»

Category: financeSource:  philstarRelated NewsJan 10th, 2024

McLaren s Bustamante oozing with confidence ahead of F1 Academy season

Filipina racer Bianca Bustamante says her confidence is at an all-time high ahead of her second season in the F1 Academy with McLaren supporting her all the way this opening weekend at Jeddah, Saudi Arabia......»»

Category: sportsSource:  philstarRelated NewsMar 7th, 2024

A quick look at the week ahead

For the PSE, earnings season is starting to heat up as financial condition reports trickle in and the FY23 teasers keep coming to manage our expectations......»»

Category: financeSource:  philstarRelated NewsMar 4th, 2024

CREIT income rises to P1.4 billion in 2023

Robust revenues driven by its green asset portfolio expansion boosted earnings of Citicore Energy REIT Corp. by 12 percent to P1.4 billion in 2023......»»

Category: financeSource:  philstarRelated NewsApr 2nd, 2024

PSEi falls, mirrors US equities

Local stocks plunged to close the week in the red as they mirror negative sentiment in US equities......»»

Category: newsSource:  philstarRelated NewsMar 15th, 2024

PSEi tumbles as Fed quashes rate cut hopes

Local stocks retreated yesterday as investors took cues from Wall Street’s overnight performance......»»

Category: financeSource:  philstarRelated NewsFeb 2nd, 2024

PSEi back to 6,600 level on Wall Street gains

The Philippine stock market sustained its strength yesterday, returning to the 6,600 mark......»»

Category: financeSource:  philstarRelated NewsJan 24th, 2024

Economic worries weigh down PSEi

Share prices continued to correct, finishing in negative territory anew yesterday on concerns over economic growth prospects here and in China......»»

Category: newsSource:  philstarRelated NewsJan 18th, 2024

PSEi forecast to touch 7,000

The Philippine Stock Exchange index is set for recovery as it is expected to hit 7,000 to 7,500 by the fourth quarter of this year, according to First Metro Investment Corp......»»

Category: financeSource:  philstarRelated NewsJan 12th, 2024

Lower table revenues pull down Bloomberry earnings

The earnings of Enrique Razon’s Bloomberry Resorts Corp. declined by 11 percent to P2.6 billion in the first quarter amid lower VIP and mass table revenue......»»

Category: financeSource:  philstarRelated NewsMay 14th, 2024

Cosco posts 2-digit jump in Q1 earnings

Robust revenues fueled a double-digit increase in the earnings of Lucio Co’s listed retail holding firm Cosco Capital Inc. in the first quarter......»»

Category: financeSource:  philstarRelated NewsMay 12th, 2024

MPIC earnings surge 30% to P5.6 billion in Q1

Core earnings of conglomerate Metro Pacific Investments Corp. soared by 30 percent to a record high of P5.6 billion in the first quarter on strong performances by its business units......»»

Category: financeSource:  philstarRelated NewsMay 9th, 2024

Lower March sales pull down Wilcon earnings in Q1

Lower sales due to the long Easter holidays falling in March this year pulled down earnings of home improvement and construction supplies retailer Wilcon Depot Inc. in the first quarter......»»

Category: financeSource:  philstarRelated NewsMay 6th, 2024

Gokongwei anchor firms RLC, URC post strong Q1 earnings

The property development arm and the food and beverage unit of the Gokongwei Group posted robust earnings in the first quarter as sales improved across all their business divisions......»»

Category: financeSource:  philstarRelated NewsMay 4th, 2024

GOCCs’ dividend remittance bumped up to 75 percent of earnings

The Department of Finance has increased the dividends to be collected from state-run firms to up to 75 percent of their earnings as the government looks for more revenues for the country’s development needs......»»

Category: financeSource:  philstarRelated NewsApr 30th, 2024

Pagcor earnings hit P25 billion in Q1

The earnings of state-run Philippine Amusement and Gaming Corp. (PAGCOR) soared by 43 percent to P25.2 billion in the first quarter, driven by the electronic games sector......»»

Category: financeSource:  philstarRelated NewsApr 28th, 2024

Robinsons Retail posts higher earnings in Q1

Higher sales from new stores and sustained demand in the food retail and drugstores segments boosted earnings of Gokongwei-owned Robinsons Retail Holdings Inc. in the first quarter......»»

Category: financeSource:  philstarRelated NewsApr 26th, 2024