Tuesday, May 15, 2012

in the news: cpg, phn, sgi, tel (15 may 2012)

caveat: these are my trading notes for my reference only; by no means are these to be taken by the reader as recommendations to buy or sell

Century Properties Q1 profit surges 310%

remarks: cpg becoming more interesting ... include in watchlist: read FS ... check chart

 P3B Marco Polo hotel opening in Ortigas in 2013

remarks: group is unlisted ... just for info ...

Sky Cable buys Solid’s Destiny Cable

remarks: impressive 2011 results plus cash from destiny cable sale = higher divs? monitor closely for price action 

Expansion slated

PHINMA CORP. expects to end 2012 on a better note on the back of expansions in its core businesses in property, education, energy, and hotels, company officials said yesterday. This would mean topping the consolidated net income last year of P57.5 million which is, 91.02% lower than the year previous. The company’s Phinma Property Holdings Corp., for instance, will be spending around P5.7 billion for the next three years, in a bid to launch 6,562 units moving forward. “For this year, we expect to complete 2,250 units versus 1,100 units last year, as last year was not really good for us. We have started buying new equipment so we can increase our capacity to build more projects,” Willie J. Uy, Phinma Property president and chief executive officer, said in an interview following Phinma’s annual stockholders meeting in Makati City yesterday. Meanwhile, Phinma Education Network, Phinma’s education unit, is expanding and is currently in “active talks” with five institutions for possible acquisitions, said Meliton B. Salazar, Jr., Phinma Education president.


remarks: for info

remarks: buy initial tel position ... check chart first