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Mixed results for Entertainment City’s casino operators

OPERATORS of integrated resorts and casinos along Entertainment City reported mixed results for the third quarter of 2018.

D&L on track to meet P3.4B income target

D&L Industries, Inc. (DNL) said it remains on track to book a P3.2-billion profit for 2018, after net income by end-September rose by 13% year-on-year.

Phoenix Petroleum 9-month core profit jumps 27%

PHOENIX Petroleum Philippines, Inc. grew its core profit by 27% in the first nine months of the year, driven by higher volumes of petroleum products sold.

Shares decline as market digests economic growth print

SHARES SLUMPED on Friday as investors continued to sell their holdings after the slower third-quarter gross domestic product (GDP) growth data released on Thursday.

8990 targets to reach P20-B revenues by 2020

8990 HOLDINGS, Inc. aims to generate P20 billion in revenues by 2020, driven by the completion of its mid-rise condominium project in Ortigas Extension.

SEC tightens scrutiny of non-profit organizations with new guidelines

THE Securities and Exchange Commission (SEC) has issued guidelines to prevent registered non-profit organizations (NPO) from being used as vehicles for money laundering or terrorist financing.

Rental revenues drive GERI income 8% higher in Q3

GLOBAL-ESTATE Resorts, Inc. (GERI) grew its attributable profit by eight percent in the third quarter of 2018, as rental income more than tripled during the period.

Wilcon earnings jump 24% in 9 months

EARNINGS of Wilcon Depot, Inc. rose by 24% in the first nine months of 2018, lifted by its store expansion complemented by strong same-store sales.

Main index ekes out gain on Q3 GDP growth data

LOCAL SHARES barely moved on Thursday, weighed down by the slower-than-expected economic growth in the third quarter.

SM Investments nets P26B in 9 months

THE holding firm of country’s richest man Henry Sy, Sr. expanded its earnings by 10% in the first nine months of 2018, as its property, banking, and retail units continued to deliver strong results.

Vista Land profits grow by 16% in Q3

VISTA LAND & Lifescapes, Inc. (VLL) grew its attributable profit by 16% in the third quarter of 2018, boosted by the double-digit increase in both its housing and rental businesses.

Metro Pacific says on track to hit P15-billion core profit this...

METRO PACIFIC Investments Corp. (MPIC) is on track to end the year with around P15 billion in core net income, a single-digit increase from year-ago figures due to the expected slower growth in the fourth quarter.

Villar’s Streamtech to expand outside Manila

THE Villar Group will proceed with the expansion of its telecommunications unit despite backing out of the third telco race, focusing its eyes on areas outside Mega Manila.

PSEi down as telcos drop on third player search

PSEi down as telcos drop on third player search

Ayala Land net income rises 15% in Q3

AYALA LAND, Inc. (ALI) registered a 15% profit increase in the third quarter of 2018, lifted by the strong demand for residential properties complemented by the expansion of its commercial leasing unit.

Robinsons Land earnings surge in 3rd quarter

ROBINSONS Land Corp. (RLC) almost doubled its attributable profit in the third quarter of 2018, driven by the expansion of its mall network coupled with the higher sales from its residential unit.

Sta. Lucia retains credit rating

LOCAL debt watcher Credit Rating and Investors Services Philippines, Inc. (CRISP) retained its AA rating for Sta. Lucia Land, Inc. (SLI), indicating the company’s “very strong” capacity to repay its debts.

Hedcor Sibulan’s corporate notes get PRS Aa plus rating

HEDCOR Sibulan, Inc. (HSI) was assigned anew a PRS Aa plus rating by debt watcher Philippine Ratings Services Corp. (Philratings) for its outstanding P4 billion corporate notes.

Shares decline on steady October inflation print

SHARES DROPPED on Tuesday after October’s inflation print came in higher than expected despite showing signs of slowing down.

VLL plans to offer P10B in retail bonds

VISTA LAND and Lifescapes, Inc. (VLL) plans to issue up to P10 billion worth of fixed-rate retail bonds, it told the stock exchange on Monday.

Zalora, Lazada offer premium services

ONLINE marketplaces Zalora Philippines and Lazada are ramping up their delivery services as they look forward to the surge of orders ahead of the holiday season.

PSEi surges as market plays catch-up after break

LOCAL EQUITIES surged on Monday as investors flooded the market after the long holiday break in anticipation of inflation figures to be released on Tuesday morning.

Villar’s Streamtech not vying for 3rd telco slot

VILLAR-LED Streamtech Systems Technologies, Inc. will not participate in the government’s search for a third telco player, as it focuses on its own expansion strategies.

FamilyMart Philippines operator ramping up expansion

PHILIPPINE FAMILYMART CVS, Inc. will open 14 more stores by yearend, as the operator of convenience stores accelerates its expansion under the helm of Davao-based businessman Dennis A. Uy.

Stocks may climb ahead of inflation, GDP data

SHARES may continue their upswing in the week ahead as investors look forward to the release of economic figures alongside more corporate earnings from the third quarter.

No retail apocalypse in sight: Why PHL malls are thriving

WORLD-RENOWNED retail expert Paco Underhill likes to avoid using the phrase “retail apocalypse” when talking about the recent shutdown of major retail stores in the United States.

Ramos family to exit Vulcan

VULCAN Industrial & Mining Corp. said Zap Cove Development Corp. will be subscribing to around three billion shares in the company, in a potential backdoor listing move.

EDC completes tender offer

ENERGY Development Corp. (EDC) has completed its tender offer for its planned exit from the Philippine Stock Exchange (PSE).

Shares rebound on window dressing

SHARES recovered on Wednesday due to window dressing and the return of foreign investors into the local market after two months.

SMFB allots up to P41B for expansion until 2020

SAN MIGUEL Food and Beverage, Inc. (SMFB) is investing up to P41 billion until 2020 for the expansion of its food and brewery businesses, noting its existing factories are operating at almost full capacity.

Ayala-led IMI earnings jump 38% in 3rd quarter

AYALA-LED Integrated Micro-Electronics, Inc. (IMI) grew its attributable profit by 38% in the third quarter of 2018.

SM, BDO in Forbes list of ‘best regarded’ firms

SM, BDO in Forbes list of ‘best regarded’ firms

PSE index down as volume thins ahead of break

THE MAIN INDEX retreated on Tuesday on thin trading as investors stayed on the sidelines ahead of the long weekend.

CPG to open P1-B office building in December

CENTURY Properties Group, Inc. (CPG) will open a new office building in Bonifacio Global City (BGC) in December, expecting the project to generate around P468 million in revenues annually once fully leased out.

FamilyMart to upgrade stores

THE local operator of FamilyMart convenience stores refurbished the very first store it opened in the country, as it plans to upgrade 14 more outlets next year.

Robinsons Retail posts flat Q3 income

Robinsons Retail posts flat Q3 income

Puregold’s remittance unit gets SEC approval

PUREGOLD Price Club, Inc. has secured clearance from the Securities and Exchange Commission (SEC) to incorporate a new subsidiary that will handle its remittance business.

PhilRealty 9-month earnings soar despite Q3 drop

EARNINGS of Philippine Realty & Holdings Corp. (RLT) soared in the first nine months of the year, even as profits slowed during the third quarter.

Local stocks climb on early window dressing

LOCAL EQUITIES climbed on Monday, bucking the downturn in most international markets over the weekend due to concerns on the global economy.

RFM earnings rise in Q3 on strong sales

RFM CORP. grew its attributable profit by 10% during the third quarter of 2018, as the strong sales of its ice cream, pasta, milk, and flour managed to offset the higher prices of raw materials during the period.

PSE to introduce app for local small investors

THE Philippine Stock Exchange, Inc. (PSE) will be launching a mobile application to maximize participation from local small investors during initial public offerings (IPOs) by December, according to a top official.

Shares may fall as volumes thin in shortened week

SHARES may continue falling in the week ahead as investors stay on the sidelines ahead of the holiday break.

URC profits inch up in 3rd quarter

WHILE UNIVERSAL Robina Corp. (URC) reported its attributable profit inched up by 1.69% in the third quarter of 2018, the company’s bottomline suffered a double-digit drop in the nine months ending September due to lower operating income and foreign exchange losses.

San Miguel food unit prices shares at low end of range

SAN MIGUEL FOOD and Beverage, Inc. (SMFB) has priced its follow-on offering (FOO) at P85 per share, the low end of its indicative price range of P85-P95, which would allow it to raise as much as P39.19 billion in fresh capital before the year ends.

Agrinurture acquires Australian firm

AGRINURTURE, INC. is planning to expand into Australia, starting with the acquisition of an agribusiness company.