PSE Weekly Market Watch: November 26-30, 2012

			Comparative Change
Indices		Close	1 Week	4 Weeks	YTD Change	PER
WEEKLY INDEX PERFORMANCE
PSEi		5,640.45	1.59%	3.98%	29.01%	18.09
All Shares		3,639.42	0.84%	1.64%	19.52%	24.00
Financials		1,488.30	0.52%	8.26%	53.61%	15.99
Industrial		8,803.31	0.78%	3.12%	24.43%	15.32
Holding Firms		4,956.22	1.34%	7.16%	41.46%	15.67
Property		2,153.37	2.77%	2.18%	45.38%	28.46
Services		1,734.58	2.44%	-1.12%	7.32%	23.57
Mining and Oil		18,043.13	-3.62%	-9.39%	-23.24%	11.77
			Price Change %
Rank	Stock Code	Price	1 Week	4 Weeks	Total Value	PER	EPS	PBV
WEEKLY TOP GAINERS
1	LSC	1.68	29.23	25.37	1,680	37.38	0.04	0.75
2	CHIPS	15.28	27.76	27.97	6,986,828	17.09	0.89	2.81
3	IPO	9.70	27.63	29.33	153,127,918	13.77	0.70	3.09
4	KEP	2.60	22.64	18.18	10,400	3.76	0.69	0.47
5	LFM	46.00	15.00	19.48	40,830	12.17	3.78	1.06
6	MIC	6.35	12.99	29.59	37,131,143	(326.47)	(0.02)	471.55
7	BCOR	28.00	12.00	3.70	25,200	20.88	1.34	5.94
8	PGOLD	32.20	9.90	7.51	518,370,655	34.55	0.93	3.25
9	IS	0.05	9.09	4.35	9,600	(23.75)	(0.00)	(2.25)
10	YEHEY	1.26	8.62	(37.00)	290,370	25.65	0.05	1.47
11	ATNB	1.19	8.18	(11.85)	662,800	(48.74)	(0.02)	0.39
12	MWIDE	16.10	8.05	(1.47)	45,019,122	17.68	0.91	4.08
13	PCKH	8.20	7.89	3.80	381,055	16.48	0.50	2.47
14	FAF	0.82	7.89	2.50	158,790	75.88	0.01	0.41
15	SMPH	15.56	7.31	7.31	1,706,230,616	27.85	0.56	4.20
16	MIHB	5.88	6.91	12.00	1,405,201	63.37	0.09	2.28
17	HI	6.20	6.90	6.53	3,673,241	4.10	1.51	0.72
18	ANS	5.10	6.25	2.82	1,357,199	13.75	0.37	1.02
19	STI	1.07	5.94	(13.01)	376,537,110	1,793.86	0.00	16.30
20	EEI	9.35	5.89	5.06	79,002,425	11.30	0.83	2.08
21	MIH	5.80	5.65	22.36	3,024,159	62.50	0.09	2.25
22	CLOUD	2.69	5.49	7.60	3,362,780	(7.64)	(0.35)	1.79
23	PAX	3.14	5.37	10.56	69,704,710	1.53	2.06	0.83
24	APM	0.14	5.26	(4.76)	439,099,130	1,700.80	0.00	19.13
25	OPMB	0.02	5.26	5.26	5,660,300	17.31	0.00	1.48
26	FPI	0.25	5.04	14.16	194,010	(13.66)	(0.02)	1.24
27	PNB	88.50	4.98	22.92	815,763,095	13.09	6.76	1.46
28	COL	20.15	4.95	8.45	13,340,305	26.07	0.77	7.87
29	SM	877.00	4.90	9.22	1,644,252,080	24.30	36.10	3.30
30	MWC	32.75	3.97	12.93	631,213,040	13.47	2.43	2.69
WEEKLY TOP LOSERS
1	CA	50.00	(20.63)	(30.56)	4,000	64.16	0.78	3.89
2	IP	0.68	(20.00)	(32.00)	42,809,870	(1.46)	(0.46)	0.39
3	MFIN	3.00	(15.73)	(15.73)	30,000	30.41	0.10	2.43
4	CAL	6.20	(15.07)	4.73	31,094,878	14.01	0.44	3.18
5	ORE	3.09	(14.88)	(23.33)	14,190,400	6.75	0.46	1.73
6	CEI	0.06	(12.86)	(17.57)	634,490	48.97	0.00	0.54
7	EURO	1.80	(12.62)	5.88	53,990	10.85	0.17	1.52
8	LC	0.89	(10.10)	(21.93)	114,030,010	268.10	0.00	4.73
9	NI	5.00	(8.76)	(20.00)	6,370,208	115.49	0.04	3.45
10	TBGI	2.10	(8.70)	(13.58)	278,610	(81.58)	(0.03)	1.49
11	PEC	55.00	(8.33)	(1.79)	57,750	35.75	1.54	11.50
12	ABS	31.25	(8.09)	3.14	62,358,310	14.32	2.18	1.29
13	REG	2.40	(7.69)	(7.69)	136,750	9.64	0.25	1.21
14	IRC	1.11	(7.50)	(7.50)	979,140	7.91	0.14	1.42
15	EG	0.03	(7.41)	(39.02)	10,315,000	(36.49)	(0.00)	2.01
16	GEO	0.51	(7.27)	(10.53)	16,522,840	1,028.38	0.00	4.64
17	T	1.85	(7.04)	(7.50)	879,590	(2.67)	(0.69)	1.36
18	AAA	4.19	(6.68)	(19.27)	1,212,390	(89.92)	(0.05)	(198.63)
19	MA	0.06	(6.25)	(3.23)	69,649,250	(12.62)	(0.01)	7.73
20	MAB	0.06	(6.25)	(1.64)	29,642,270	(12.62)	(0.01)	7.73
21	FLI	1.51	(6.21)	3.42	177,263,350	11.50	0.13	0.84
22	CPM	0.94	(6.00)	(11.32)	7,513,310	(51.31)	(0.02)	0.97
23	LPZ	6.25	(5.30)	14.68	187,530,182	3.33	1.87	0.63
24	UPM	0.02	(5.26)	12.50	6,237,100	(81.05)	(0.00)	11.00
25	HP	1.80	(5.26)	(10.00)	18,500	436.75	0.00	1.48
26	RLT	0.46	(5.21)	(5.21)	473,850	(10.76)	(0.04)	0.78
27	VITA	1.10	(5.17)	(24.14)	8,567,990	(1.99)	(0.55)	3.33
28	PHES	0.74	(5.13)	19.35	55,358,810	(104.52)	(0.01)	1.07
29	OM	0.58	(4.92)	(9.38)	1,253,640	(93.43)	(0.01)	0.65
30	PRIM	1.20	(4.76)	(7.69)	68,360	(102.25)	(0.01)	(0.54)
30	LCB	1.00	(4.76)	(15.97)	45,537,510	301.24	0.00	5.32

Source: Philippine Stock Exchange

Business Newsbits: November 30, 2012

Aboitiz Power Corp. (AP) declares a cash dividend of P0.22 per share to all stockholders as of Dec. 13, 2012, payable on Jan. 11, 2013.

Ayala Land Inc. (ALI) launches the first building of Garden Towers, an upscale residential condominium in Makati City. The property developer expects to generate roughly P7 billion from the sale of units at the first building.

Bank of the Philippine Islands (BPI) and the Department of Tourism (DOT) team up on a tourism project financing and services that will use  and expand banking infrastructure to support the needs of the tourism industry.

D&L Industries, Inc., a colorant and food additive maker, announces its initial public offering (IPO) final price at P4.30 per share. The company is set to list on Philippine Stock Exchange next month.

EastWest Bank (EW) raises P1.5 billion through the issuance of long-term negotiable certificates of deposit (LTNCDs) to fund the bank's growing lending business. The LTNCDs have tenor of five years and six months and coupon rate of 5% but unlike regular time deposits, they cannot be preterminated although they can be traded in the secondary market.

Liberty Flour Mills, Inc. (LFM) declares a cash dividend of P1.00 per share with record date of Dec. 11, 2012, payable on Dec. 21, 2012.

Standard & Poor's Rating Services (S&) upgrades the credit rating of Manila Electric Co. (MER) to "BB-" a stable outlook, based on the company's stronger competitive position and cash flow stability.

The Philippines' gross domestic product (GDP) grows by 7.1% in third quarter of 2012, beating market expectations. The high GDP growth extends the Philippine stock market's rally allowing the PSE index to end above 5,600, which is first time in history.

Philippine Realty and Holdings Corp. (RLT) approves a joint venture project with its principal shareholder Greenhills Properties Inc. (GPI) to develop a 6,400-square meter prime property in Bonifacio Global City into a mixed-use complex.

President Benigno Aquino III approves Manuel V. Pangilinan's NLEx-SLEx connector road and ten other public-private partnership (PPP) projects. The P25-billion connector road is the second biggest project in the list after the P43-billion Cavite-Laguna Expressway. Also in the list is the new P17.5-billion terminal at Mactan-Cebu International Airport, which the Ayala and Aboitiz groups plan to bid for.

Republic Glass Holdings Corp. (REG) announces the sale of its two-hectare property in Libis, Quezon City to Robinsons Land Corp. (RLC).

Rockwell Land Corp. (ROCK) authorizes the issuance of Corporate Notes of up to P10 billion with First Metro Investment Corp. and PNB Capital and Investment Corp. as the joint lead arrangers. The P4-billion proceeds will be used to refinance the company's existing loans while the balance of P6 billion will be for various land acquisitions and capital expenditures.

UBS AG, the sole international bookrunner and lead manager for the follow-on offering of STI Education Systems Holdings, Inc. (STI), exercises its over-allotment option of 273 million STI shares.

Stock Picks: DIZ, NI

I had difficulty choosing what to buy today. PGOLD has already rallied since the breakout signal I saw two days ago and I couldn't find a good entry point.

BSC, on the other hand, was trading on thin volume so I hesitated. Aside from this, BSC's trend indicator moved down further so the downtrend reversal I saw on Nov. 25 was just a fluke.


I scanned some stocks to see if there's any worth betting on. I noticed DIZ forming an engulfing pattern early on while its trend indicator was trying to break out of the downtrend. I decided to go ahead hoping for a downtrend reversal and bought the stock at 16.86.


Then, a colleague tipped NI and upon checking the chart,  the trend and volatility indicators were moving upward. Is that a harami cross at the end of price chart? This is not a significant candlestick reversal pattern but combined with the upswing in trend and volatility indicators, I decided to bet on the stock and bought at 5.50.

Philippine Stock Market Soars to All-Time High

The Philippine Stock Market today soared to a new all-time high on slew of positive news-- higher corporate earnings, banking merger talks, rosy outlook on the Philippine economy, and stronger peso. The Philippine Stock Exchange index (PSEi) closed to a record high of 5,579.42 and also hit a new record intraday high of 5,585.09. The rally was led by banking stocks that inched up the financial index by 1.62%.

Energy Development Corp. (EDC) also posted its highest closing price at 7.08 and intraday high at 7.12. The stock was up by 2.31% from previous close.

Stocks to Watch: BSC, PGOLD

BSC - The trend indicator reverses course from a downtrend, a comeback is in the offing? I bought this stock 2 weeks ago gaining 3.57% on a day's trade, I may try to enter this trade again.

PGOLD - The trend indicator has slightly broken out of a downtrend line combined with an increase in volatility indicator. This may be a time to enter the trade.

Business Newsbits: November 25, 2012

Anchor Land Holdings, Inc. (ALHI) reports a net income of P706.8 million for the first nine months, 26% higher than last year.

Ayala Corp. (AC) enters into an agreement with Ho Chi Minh City Infrastructure Investment JSC (CII) to jointly invest in Vinaphil Technical Infrastructure Investment JSC (VinaPhil), a corporation established under Vietnam law to invest in infrastructure projects in Vietnam. VinaPhil will be initially49%-owned by AC with the remainder by CII and other Vietnamese investors.

Bangko Sentral ng Pilipinas (BSP) has approved the purchase by Malaysia's CIMB Group of a controlling stake in the Bank of Commerce. San Miguel Corp. (SMC) owns the Bank of Commerce through San Miguel Properties, Inc., and SMC Retirement Funds.

Cebu Holdings, Inc. (CHI) declares a cash dividend of P0.10 per share to all outstanding shares of the company as of record date Dec. 7, 2012, payable on Dec. 21, 2012.

Cebu Property Ventures and Development (CPV) declares a cash dividend of P0.12 per share to all outstanding shares of the company as of record date Dec. 7, 2012, payable on Dec. 21. 2012.
Centro Escolar University (CEU) declares a cash dividend of P0.75 per share to stockholders as of record date of Dec. 17, 2012, payable on Jan. 15, 2012.

First Gen Corp. (FGEN) prepays its P3.75 billion 5-year loan facility obtained in May 2010.

Jollibee Foods Corp. (JFC) and EEI Corp. (EEI) receive business awards as outstanding Philippine companies that have contributed to regional economic growth during the 2012 ASEAN Business and Investment Summit in Phnom Penh, Cambodia.

Manila Broadcasting Co. (MBC) declares a cash dividend of P0.18 per share to stockholders as of record date Dec. 10, 2012, payable on Dec. 21, 2012.

Philex Mining Corp. (PX) will spend at least P1.06 billion for the rehabilitation and cleanup of Balog Creek and its convergence area with Agno River based on a rehabilitation plan it submitted to the DENR's Mines and Geosciences Bureau on Nov. 22, 2012. Philex's tailings pond at its Padcal Mine in Benguet was damaged after heavy rains in August 2012 and the mine operations have been suspended since.

Philippine Estates Corp. (PHES) announces a joint venture agreement with Ayala Land Inc. (ALI)'s Amaia Land Corp. to develop the company's real estate property located in Cavite into a residential/subdivision project.

Philippine National Bank (PNB) reports a net income of P3.8 billion for the first nine months, 92.5% higher than last year. In a related news, the Hong Kong Monetary Authority (HKMA) has given its approval for PNB to become a majority shareholder controller of Allied Banking Corp. (Hong Kong) Limited in relation to the merger between PNB and Allied Banking Corp.