PNB books lower net income in Q2 due to one-off gain seen last year

August 16, 2022 | 12:03 am

PHILIPPINE National Bank (PNB) saw its net earnings plunge in the second quarter as last year’s profit for the period included a one-off gain from its loss of control over PNB Holdings Corp.

The Tan-led lender’s attributable net income stood at P8.24 billion in the second quarter, plummeting by 59.42% from the P20.31 billion recorded in the same period a year ago, based on its financial statement filed with the local bourse on Monday.

This brought the bank’s attributable net earnings for the first semester to P11.04 billion, 50% lower than the P22.08 billion booked in the same period of 2021.

This translated to a return on equity of 11.4% as of June, while return on assets was at 1.6%.

PNB said in its quarterly report that it booked lower net earnings in the second quarter and first half due to a P33.6-billion gain after the bank transferred real estate properties to PNB Holdings in a property-for-shares swap.

Taking out the effect of the one-off transaction, the operating income of PNB increased by 20% year on year to P26.1 billion in the first half, the lender said.

“PNB continues to be profitable despite the challenging economic and rate environment,” PNB Acting President Florido P. Casuela said in a statement.

“Our strategy is in place and we are pursuing a growth path amidst a recovering economy. Our various businesses continue to focus on the needs of our customers as we support the local economy,” he added.

The bank’s net interest income rose to P8.82 billion in the second quarter from P8.62 billion on the back of lower interest expense on deposit liabilities.

It said this was on the back of “higher interest earned on the Group’s investment securities, as well as lower interest incurred on deposits and other interest-bearing liabilities of the Group.”

Net interest margin stood at 3.4% as of June from 3.3% a year ago.

Meanwhile, PNB’s net earnings from service fees and commissions inched down by 2.2% last quarter to P1.13 billion from P1.16 billion.

The bank’s other income also plunged to P5.86 billion from P34.47 billion. This, as trading and investment gains declined to P107.29 million from P331.18 million a year earlier. Net foreign exchange gains, on the other hand, surged to P554.44 million from P193.67 million.

With this, PNB’s total operating income in the second quarter went down to P15.81 billion from P44.25 billion a year earlier.

On the other hand, the bank’s operating expenses in the second quarter went up to P7.84 billion from P6.7 billion. This was attributed to taxes related to the property sale in Manila Harbour, as well as higher amortization costs for the leased properties of the bank. The leased properties were the subject of the properties-for-shares swap conducted last year.

Meanwhile, PNB’s loans and receivables decreased 4.4% to P8.14 billion in the second quarter from P8.52 billion in the same period of 2021 “in line with the bank’s prudent approach in asset deployment to optimize the use of its capital.”

The lender’s gross nonperforming loan (NPL) ratio went down to 6.5% at end-June from 11.5% a year earlier, while its net NPL ratio was at 2.8%, down from 5.7% a year prior.

Its NPL coverage ratio was at 79.8% as of June, up from 60.1% a year ago.

“Deposit liabilities, in contrast, rallied by 7% year on year to P885.5 billion as of end-June 2022 coming from the continued buildup of the bank’s current and savings accounts,” PNB said.

PNB’s consolidated resources reached P1.2 trillion as of June, primarily driven by higher treasury assets.

Its capital adequacy ratio was at 15.2% at end-June, up from 14% a year ago, while its common equity Tier 1 ratio also increased to 14.5% from 13.2%. These were beyond the minimum regulatory requirements.

PNB’s shares closed at P18.50 apiece on Monday, up by four centavos or 0.22% from its previous finish. — K.B. Ta-asan

RLC aims to develop a resilient urban community in Montclair

August 16, 2022 | 12:02 am

RLC-Montclair — ROBINSONS LAND CORP. is making sure to integrate green infrastructure in its 216-hectare Montclair Destination Estate, located in Porac, Pampanga.

ROBINSONS Land Corp. (RLC) is making sure to integrate green infrastructure in its 216-hectare Montclair Destination Estate, located in Porac, Pampanga.

RLC in a statement said the regeneration of Porac into a “living space” for families has been the vision for Montclair, which is touted as a sustainable development.

“Environmental sustainability is at the core of Montclair’s urban planning principles for land development. The integration of green infrastructure such as tree planting is considered early in the design and planning process. Our intent is to create a cooler, more bio-diverse, and ultimately more resilient urban community in Montclair,” Mybelle V. Aragon-GoBio, senior vice-president and general manager of Robinsons Land Integrated Developments, was quoted as saying.

Six tree species will be planted around Montclair, namely Banaba, Balayong (Palawan cherry), Fire tree, Narra, Palo Maria, and Talisay.

Around 100 RLC employees joined a tree-planting activity on July 30, as part of the Gokongwei Group’s One Million Trees project. RLC also turned over 1,200 trees to the municipality of Porac.

RLC said tree planting with appropriate selection and placement can contribute to sustained urban tree canopies within Montclair.

A tree nursery will house the seedlings until the trees are ready to be planted around Montclair. These heavy canopy trees will be strategically planted throughout the estate, which will be pedestrian-friendly.

“Cities designed around trees have a major impact on the community’s mental health and well-being, and that affects how that community will thrive,” Ms. GoBio said.

SPNEC says share swap to be completed in 2022

August 16, 2022 | 12:02 am

SOLAR PHILIPPINES Nueva Ecija Corp. (SPNEC) said on Monday that it targets to complete its asset-for-share swap deal with its parent company, Solar Philippines Power Project Holdings, Inc. (SPPHI), by the end of this year, with its stock rights offering (SRO) expected to be completed in September.

“We aim to complete the private placements to increase the public float for the share swap by the end of 2022,” said Leandro L. Leviste, president and chief executive officer of SPNEC, in a media release.

SPNEC’s offering is set from Aug. 30 to Sept. 5. With the completion of these transactions, it aims to complete the development of 10 gigawatts (GW) of solar projects.

“Our job is for these offerings to cover the equity required to complete the development of 10 GW of solar projects, while retaining an average of at least 50% economic interest. SPNEC’s model is to create value through project development, investing for a smaller percentage of the cost that catalyzes larger investments, in the same way that we have in our earlier projects,” Mr. Leviste added.

SPPHI and SPNEC have signed the share-swap agreement for the issuance of around 24.37 billion shares at P2.50 apiece, in exchange for the shares of SPPHI in a portfolio of projects.

Along with SPNEC’s Nueva Ecija solar project, these projects would complete the company’s targeted 9 terawatt-hours per year of contracted energy, and potentially bring SPNEC’s contracted capacity to 8 GW, which are scheduled to commence operations between 2025 to 2026.

On Monday, shares in the company inched up by 0.56% or P0.01, to finish at P1.81 per share on the stock exchange. — Ashley Erika O. Jose

Security Bank posts higher earnings

August 16, 2022 | 12:02 am

SECURITY BANK Corp. recorded a higher net income in the second quarter on the improved performance of its core businesses and lower credit provisions.

The bank booked an attributable net income of P3.52 billion in the second quarter, up by 139.4% from the P1.47 billion in the same period in 2021, according to its quarterly report disclosed to the stock exchange on Monday.

This brought its attributable net profit for the first half to P6.25 billion, more than double the P3.12 billion seen in the comparable year-ago period, amid growth across the lender’s core businesses.

The bank said in a statement that its pre-provision operating profit in the first semester was at P8.5 billion, 6% higher year-on-year. The lender set aside P408 million in provisions for credit losses.

Security Bank’s first semester performance translated to a return on average common equity of 10%, up from 5.05% the year prior, and a return on average assets of 1.70%, also better than the 0.92% seen in the first half of 2021.

“We are very pleased by the continued improvement in our core businesses. Our growth in loans and investment securities, is a tangible manifestation of our commitment to clients to support the reopening of the economy and address the impact of inflation,” Security Bank President and Chief Executive Officer Sanjiv Vohra said in a statement.

The bank’s net interest income increased by 8.1% to P7.48 billion in the second quarter from P6.92 billion a year prior, even as its net interest margin slipped by 6 basis points year on year to 4.30%.

Meanwhile, non-interest income rose by 7% to P2.47 billion in the April to June period. Earnings from fees, service charges and commissions increased by 22% to P1.32 billion, while other income excluding securities trading gains and fee income rose by 17% to P1.2 billion.

Security Bank’s operating expenses went down by 23% to P5.61 billion in the second quarter from P7.32 billion a year earlier.

Its cost-to-income ratio decreased to 55.90% from 56.43% a year prior.

The bank’s gross loans rose by 15% to P490 billion, driven by an 18% increase in wholesale loans and a 6% growth in retail loans. Retail loans made up 23% of Security Bank’s total loans, down from 26% a year ago.

Its nonperforming loan (NPL) ratio declined to 1.32% as of June from 1.47% as of end-December, while NPL reserve cover stood at 91.98%.

Total assets increased by 9% to P766 billion as of June, while shareholders’ capital was at P124 billion.

Security Bank’s common equity Tier 1 ratio was at 16.7% and total capital adequacy ratio stood at 17.2%, both above the minimum regulatory requirements.

The lender’s shares closed at P87 apiece on Monday, up by 1.05% or 90 centavos from the previous finish. — Keisha B. Ta-asan

Snapshot of Philippine Poverty Statistics: 2018 vs 2021

August 16, 2022 | 12:02 am

AROUND 2.3 million Filipinos have been plunged into poverty between 2018 and 2021, as the coronavirus pandemic left lasting scars on the Philippine economy, according to the Philippine Statistics Authority (PSA). Read the full story.

Bullet Train repeats No. 1, Top Gun returns to second place as US box office nearly grinds to halt

August 16, 2022 | 12:02 am

LOS ANGELES — Is everyone on vacation?

That would be one plausible explanation behind the great box office slowdown. Although three new movies opened across the United States of America, none were able to crack the top five on domestic charts and only two — A24’s satirical slasher Bodies Bodies Bodies and Lionsgate’s vertigo-inducing thriller Fall — managed to infiltrate the top 10.

It’s even more dire that Sony’s action-thriller Bullet Train, which claimed the top spot for the second weekend in a row with $13.1 million from 4,357 North American locations, was the sole film to bank at least $10 million in ticket sales. After two weeks on the big screen, the Brad Pitt-led Bullet Train has generated $54.4 million at the domestic box office. This weekend marks the first time since Feb. 11-13 — when Death on the Nile opened to a weak $12.3 million and Jennifer Lopez’s romantic comedy Marry Me stumbled with even less — that only one movie reached at least $10 million between Friday and Sunday.

And the glacial drip, drip, drip of ticket sales is only going to worsen as the box office heads for a near desolate stretch with hardly any new offerings from major studios on the horizon. While movie theater owners brace for the downtrend, they are bowing at the altar of Harry Styles in hopes the pop heartthrob will inspire audiences to return to theaters in droves for director Olivia Wilde’s mind-bender Don’t Worry Darling, which doesn’t open until Sept. 23. Until then, exhibitors will have to make do with smaller thrillers and dramas like Idris Elba’s Beast, which is coming on Aug. 19; Three Thousand Years of Longing, a fantasy romance with Tilda Swinton and Mr. Elba (again) on Aug. 26; and the Viola Davis-led historical epic The Woman King on Sept. 16.

In eighth place, Bodies Bodies Bodies beat expectations with $3.2 million from 1,290 locations. After kicking off last weekend in limited release, the movie has grossed $3.5 million to date and plans to expand to 2,000+ theaters next weekend. But otherwise, audiences wanted little to do with Fall and Diane Keaton’s body-swap comedy Mack & Rita, the other movie that debuted over the weekend.

Fall just barely landed in 10th place with $2.5 million from 1,548 venues. The movie, centering on two best friends who climb 2,000 feet to the top of an abandoned radio tower and find themselves stranded with no way down, was relatively low risk for Lionsgate as it cost only $3 million to produce and less than $4 million to promote. It won’t take much coinage to turn a profit, and home entertainment will be helpful with that mission.

Elsewhere, Steven Spielberg’s science-fiction classic E.T. — which debuted 40 years ago — grossed more money over the weekend than Ms. Keaton’s Mack & Rita. The Gravitas Ventures release premiered in 13^th place with $1.03 million from 1,930 screens. Universal’s re-release of E.T. raked in $1.07 million from only 389 Imax screens.

As expected, Mack & Rita brought out mostly older women, with 74% of ticket buyers identifying as female and 69% over the age of 30. They were not kind to the movie, which landed a D+ CinemaScore. Reviews were equally harsh, resulting in a bleak 26% score on Rotten Tomatoes.

With the dismal turnout for most other movies, Paramount’s ever-powerful blockbuster Top Gun: Maverick swooped to second place in its 12^th weekend of release. The action sequel added $7.1 million from 3,181 venues over the weekend, bringing its domestic tally to $673.8 million. That means Maverick is roughly $5 million away from dethroning Marvel’s Avengers: Infinity War as the 6^th-highest grossing movie in domestic box office history. — Reuters

China home prices fall for 11^th month as mortgage crisis deepens

August 16, 2022 | 12:01 am

CHINA’s home prices fell for an 11^th month in July, underscoring how government relief efforts are failing to curb the country’s spiraling real estate crisis.

New home prices in 70 cities, excluding state-subsidized housing, declined 0.11% from June, when they sank 0.1%, National Bureau of Statistics figures showed on Monday. Existing-home prices fell 0.21%, the same as a month earlier.

China’s $2.4-trillion new-home market is showing little signs of recovery, adding to the woes of an economy that barely expanded last quarter. The mortgage boycotts, which emerged from early July, are dampening consumer confidence.

Within four weeks last month, more than 320 projects in about 100 cities were facing payment boycotts, forcing authorities to corral banks and developers to defuse the unrest. The online movement has slowed after the government censored social media sites.

Tension is spilling over to other areas. Earlier this month, more than a dozen developers in a central Chinese province sought help from their local government to restore property sales in the face of protests from disgruntled homebuyers.

Residential prices have been declining in smaller cities, the bureau’s chief statistician Sheng Guoqing said in a separate official statement.

Chinese officials have been stepping up efforts to arrest a property slowdown that has weighed on the world’s second-largest economy for almost a year. These include urging banks to lend more, cutting mortgage costs and partially relaxing ownership rules. — Bloomberg

Raslag’s net income slips 31% to nearly P30M

August 16, 2022 | 12:01 am

RENEWABLE energy firm Raslag Corp. posted a 31.2% decrease in its attributable net income in the second quarter to P29.70 million from P43.15 million last year.

In a disclosure to the stock exchange, the company reported a 0.5% jump in revenues to P85.11 million for the quarter from P84.67 million in the same period last year.

In the first six months, the company’s attributable net profit fell by 24.3% to P51.93 million from P68.56 million due to non-recurring expenses related to its initial public offering (IPO).

Year-to-date revenues increased by 6.9% to P164.01 million from P153.48 million, which it attributed to an increase in energy sold to 401,638 kilowatt-hours.

The company said that its operating expenses increased by P25.1 million due to non-recurring IPO-related expenses such as financial advisory fees, fees to an independent auditor, and other miscellaneous expenses.

Tax expense also grew 53% to P12.7 million from P8.3 million, driven by non-recurring IPO-related expenses such as registration with the Securities and Exchange Commission and filing of fees.

On Monday, Raslag shares closed unchanged at P1.88 each on the stock exchange.

EastWest Bank’s net profit drops in Q2

August 16, 2022 | 12:01 am

EAST WEST Banking Corp. (EastWest Bank) posted a lower net profit in the second quarter due to lower fee income and as it saw a loss from fixed-income trading.

The lender’s attributable net income stood at P1.01 billion in the second quarter, down from the P1.78 billion seen in the same period last year.

This brought its first semester net profit to P1.52 billion, also lower than the P3.8 billion booked a year prior.

“Lower average loan levels accounted for P447 million of the drop,” EastWest Bank said. “The P1.7-billion drop in fixed-income trading was due to the global rise in interest rates as monetary authorities ramped up efforts to contain inflation. The change was also magnified as the previous year’s P1.3 billion trading gains were higher than usual, while Q1 2022 was a loss of P420.7 million from the normal positive numbers.”

The lender’s first semester net income translated to a return on equity of 5.2%, down from 13.3% a year prior, while return on assets also declined 0.7% as of June from 1.9%.

The bank said it now expects its total revenues, excluding trading, to end the year at P26 billion from the P25-billion guidance it gave in the first quarter.

“However, with the uncertain trading income, the bank still expects net income at around P4 billion. By the fourth quarter, EastWest Bank’s quarterly income, excluding trading, should have recovered pre-pandemic levels and trend towards P1.25 billion, or P5 billion on an annualized basis,” it said.

“Given the favorable outlook, the bank expects its recovery to sustain its momentum. Loans should continue increasing, and fixed-income securities investments should end at higher levels. The bank believes the levels of interest rates, especially the US dollar, are appropriate to build its investments books. And while market liquidity could tighten, the bank expects deposit costs will remain at reasonable levels,” EastWest Bank added.

The bank’s net interest income grew to P5.84 billion in the second quarter from P5.58 billion a year ago.

Net interest margin was at 6.7% as of June from 7.2%.

Still, total operating income dropped to P6.81 billion from P7.17 billion. This was partly due to the P158.59-million trading and securities loss seen by the bank last quarter versus the P82.26-million gain seen last year.

Income from service charges, fees and commissions also declined to P639.3 million from P1.1 billion last year.

On the other hand, EastWest Bank’s operating expenses grew to P5.29 billion from P4.89 billion. Provisions for impairment and credit losses went up to P1.08 billion from P705.62 million.

The bank’s gross loans inched up by 1% to P227.6 billion as of June, which it said was mainly from business lending in line with the industry’s recovery.

Business loans grew by 5% to P59.6 billion, while consumer loans, which account for 74% of the bank’s portfolio, inched down by 1% to P168 billion amid a decline in auto, mortgage and personal credit.

“This quarter’s releases, however, have started to improve driven by demand and normalization of credit policies,” EastWest Bank said.

The bank’s gross nonperforming loan (NPL) ratio was at 9.8% as of June, down from last year’s 10.4% “due to the impact of the pandemic on borrowers in meeting their obligations and the overall decline of the bank’s total loan portfolio.”

On the funding side, total deposits grew by 6% to P335.7 billion as low-cost current account, savings account or CASA deposits increased by 11% to P254.7 billion “as the low-interest rate environment prompted the buildup of excess liquidity while the bank watched the timing of investing in higher-earning fixed-income securities and loans.”

“In contrast, time deposits decreased by 8% to P81 billion from the lower funding requirements of the bank. CASA ratio improved to 76%, from the previous year’s 72%,” the lender said.

EastWest Bank’s capital adequacy ratio was at 14.8% as of June, up slightly from 14.7% a year prior, while its common equity Tier 1 (CET1) ratio was steady at 13.6%, both above the minimum levels required by the central bank.

“The bank aims to maintain a CET1 ratio of 12-13%, which it deems appropriate given its business model,” EastWest Bank said.

The lender’s assets stood at P415 billion as of June, up by 4% from P398.9 billion a year ago.

EastWest Bank’s shares went down by nine centavos or 1.28% to close at P6.95 apiece on Monday. — BVR

Overseas Filipinos’ cash remittances (June 2022)

August 16, 2022 | 12:01 am

CASH REMITTANCES reached a six-month high in June, as overseas Filipino workers (OFWs) sent more money to help their families cope with rising inflation. Read the full story.

Entertainment News (08/16/22)

August 16, 2022 | 12:01 am

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Cherie Gil films shown online for free

THE FILMS of the late great Cherie Gil (a.k.a. Evangeline Rose Gil Eigenmann) are now available to stream online for free at Regal Entertainment’s YouTube Channel (www.youtube.com/c/RegalEntertainmentInc). The film production company’s YouTube Channel has a playlist titled “The Life and Work of Cherie Gil” which features eight movies the late actress starred in from 1970s to 2000s — Ishmael Bernal’s Manila By Night and Ito Ba Ang Ating Mga Anak; Peque Gallaga’s Too Young; Elwood Perez’s Beer House, Sugar Daddy, and Problem Child; Jose Javier Reyes’ Sugatang Puso; and Nilo Saez’s Magno Barumbado. The 59-year-old actress died on Aug. 5 in the United States from a rare form of endometrial cancer.

Ben&Ben and Pamungkas collaborate on video

THE NINE-PIECE band Ben&Ben recently collaborated with Indonesian singer-songwriter Pamungkas to release a performance video of “Stand By You.” The pop-rock original, which is an English translation of Ben&Ben’s 2022 hit “Paninindigan Kita,” was recorded at SoundCheck Studio in Pasig City. “There was a natural chemistry between both artists,” members of Ben&Ben said in a statement. “This came out in the way the instruments were arranged and the different parts were worked into the final version of the performance.” Ben&Ben also praised Pamungkas on how he added a totally new vibe to the song, while injecting his own flair into the instrumentation. “Stand By You” is the first of a two-part collaboration between the artists. They’re also set to release the performance video of “I Got To Get You.” Ben&Ben is set to tour North America, performing in venues across nine cities in the US and Canada. They’re also gearing up to release a new international single this month, ahead of their send-off concert on Sept. 3 at the Cultural Center of the Philippines’ Open Grounds. The video of “Stand By You” can be seen at https://www.youtube.com/watch?v=-wrYBtxxgZk.

SB19 announces new single and world tour

PINOY pop group SB19 announced the release of their new single, “WYAT (Where You At),” a disco-pop track that highlights the urgency of disconnection to reconnection of the times. The upcoming release marks SB19’s first new material as a group in a year after launching their 2021 EP, Pagsibol. “It’s been a year, the word ‘hiatus’ may sound negative but we took it from a different perspective. We maximized the opportunity to think more as to what we can improve on, how we can prepare for our comeback,” SB19 member Stell said in a statement. The award-winning and Billboard nominee pop group is also set to stage its biggest local and international tour. The WYAT Tour kicks off on Sept. 17 at Araneta Coliseum, to be followed by a series of shows in Clark, Cebu, and Davao. In the following months, the tour will go global, with concerts in the United States, the United Arab Emirates, and Singapore.

Korean dramas air back-to-back on GMA Telebabad

THE KOREAN dramas The Red Sleeve and About Time will air back-to-back beginning Aug. 15 on GMA Telebabad. The Red Sleeve is a historical romance series set in the 1700s. Based on real-life events, it tackles the love story of the King of Joseon and an ordinary court woman. The series stars award-winning actors Lee Jun-Ho, Lee Se-Young, Kang Hoon, and Jang Hye-jin. Meanwhile, the fantasy romance series About Time stars Lee Sung-kyung, Lee Sang-yoon, Im Se-mi, Kim Dong-jun, Han Seung-yeon, and Ro-woon. It tells the story of an aspiring musical actress who has the incredible ability to see everyone’s lifespan including hers. In the aftermath of a minor car crash, she crosses paths with the chief director of a cultural foundation, and realizes that her own “life clock” stops whenever she is near him. Since he gives her hope that she can live longer, she does everything to be with him all the time. The Red Sleeve will air at 9:35 p.m, Mondays to Thursdays, while About Time will air at 10:20 p.m. from Monday to Thursday, and at 10:35 p.m. every Friday beginning Aug. 15 on GMA Telebabad.

GMA Network among TikTok Awards PH nominees

GMA NETWORK earned various nominations at the TikTok Awards Philippines. The annual award recognizes creators who have embraced the value of TikTok and have created a big impact on the platform in the past year. GMA Network and YouLOL are both nominated for the Top Entertainment Award, under the Judges’ Pick Category. Three of the Network’s news and public affairs accounts — Kapuso Mo, Jessica Soho (KMJS), Unang Hirit, and 24 Oras — are nominated for Top Media Publisher. Meanwhile, in the People’s Choice Category, artists Kyline Alcantara, Althea Ablan, Cassy Legaspi, and Dasuri Choi are some of the contenders for Celebrity of the Year. Kapuso girl group XOXO has also been nominated for the P-pop Group of the Year. The TikTok Awards PH will stream live on the social media platform on Aug. 20 at 7 p.m.

ABS-CBN nominations at the ContentAsia Awards

ABS-CBN received three nominations at the ContentAsia Awards 2022 that celebrates the best of local production in Asia. The drama series The Broken Marriage Vow was nominated in the Best TV Format Adaptation (Scripted) in Asia category alongside nominees from Thailand and Hong Kong. The show’s lead actress, the wonderful Jodi Sta. Maria also received a nod as Best Female Lead in a TV Program alongside actors from Malaysia, Thailand, and Taiwan. Meanwhile My Papa Pi, hosted by Piolo Pascual and Pia Wurtzbach, was nominated for Best Asian Comedy Show together with nominees from Thailand, Malaysia, Indonesia, and Taiwan. The awarding ceremony will be held on Aug. 26 in Bangkok, Thailand and will be livestreamed on Facebook. The ContentAsia Awards is owned and operated by ContentAsia, an “information platform curated to offer insights into Asia’s content environment.”

How PSEi member stocks performed — August 15, 2022

August 16, 2022 | 12:00 am

Here’s a quick glance at how PSEi stocks fared on Monday, August 15, 2022.