ANGELICA BALLESTEROS, TMT

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ATLAS Consolidated Mining Corp. reported a wider consolidated net loss of P939 million for the first nine months of the year, nearly double the P470-million net loss incurred in the same period last year, as profitability was pressured by the provision for copper price hedges. “Without a P400 million mark-to-market…

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INVESTORS pocketed gains during last-minute trading on Monday, pulling the stock market down to the 8,300 level as they awaited the outcome of the country’s hosting of the Association of Southeast Asian Nations (Asean) Summit. The bellwether Philippine Stock Exchange index (PSEi) shed 103.46 points or 1.23 percent to close…

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LISTED property developer Filinvest Land, Inc. booked P3.7 billion net income in the first nine months of the year, 7 percent higher than last year’s P3.46 billion and driven by strong revenue growth amid an expanded rental portfolio. Revenues in the period rose to P14.52 billion, or 7 percent higher…

SHARES OUTLOOK FOR THE WEEK:

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The stock market could see declines this week with investors expected to take their cues from continued earnings reports, the release of third quarter economic growth data and news from abroad. “The market simply could not sustain itself above 8,500 as it needs more consolidation within that area for more…

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GOKONGWEI-LED conglomerate JG Summit Holdings, Inc. posted net income of P22.69 billion in the first nine months of the year, flat from last year’s P22.63 billion, as profits were tempered by the weaker earnings of its airline unit Cebu Pacific. Net profit attributable to equity holders of the parent amounted…

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ALLIANCE Global Group, Inc. (AGI) saw its nine-month net income drop 12 percent to P15.2 billion from the P17.3 billion registered in the same period last year as the weaker performance of its liquor and integrated resorts operations weighed on overall profits. “The group’s diversified businesses posted a mixed outcome…

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CIRTEK Holdings Philippines Corp. said on Friday it had set the dividend rate for its planned dollar-denominated preferred B-2 shares at 6.125 percent after securing the approval of the Philippine Stock Exchange and Securities and Exchange Commission. Cirtek earlier announced plans to issue dollar-denominated stocks with a base size of…

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PLASTICS and aerosols manufacturer D&L Industries, Inc. recorded 10 percent higher recurring net income in the first nine months of the year as earnings and volume growth started to pick up. D&L said recurring profit reached P2.1 billion, 10 percent higher than P1.93 billion registered in the same period in…

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The stock market fell back to the 8,400 level on Friday as investors decided to take profits ahead of next week’s Association of Southeast Asian Nations (Asean) summit and amid concerns over the outlook for corporate tax cuts in the United States. The bellwether Philippine Stock Exchange index (PSEi) lost…

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AYALA Corp. said net income in the first nine months of 2017 surged 18 percent to P23.2 billion, driven by the strong performance of its property and power units. For the third quarter alone, Ayala’s net income jumped 39 percent from a year ago to P8.2 billion, bolstered by the…

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