ANGELICA BALLESTEROS, TMT

SHARES OUTLOOK FOR THE WEEK:

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The stock market will be looking for new catalysts that will give it new direction, after the benchmark index hit an intra-week high at the 8000 level last week. “Having touched an intra-week high of 8,046, we may see gauges stabilizing for now, as investors heed sequel catalysts that can…

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LUCIO Tan-led property developer Eton Properties Philippines, Inc. said over the weekend it is planning to create more office spaces that are environment-friendly to optimize growth of the business process outsourcing (BPO) industry, particularly in Quezon City. In a statement, Eton said it will be getting 5.2 megawatts (MW) from…

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THE number of Filipino internet users is likely to reach 46 million by the end of 2017, driven by the sharp increase in the usage of smartphones, especially cheap Android devices, prompting more and more companies to allot expanded budgets for digital marketing. “As the internet takes over the planet,…

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TOP property listing site Lamudi Philippines said on Friday online property-hunting in the country is being dominated by women in terms of search volume. Based on its annual research, the “Lamudi Real Estate Market Report 2017,” the firm said that 65 percent of its users are women looking for condominiums,…

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SAN FERNANDO, Pampanga: Listed property developer Megaworld Corp. said on Thursday it is set to build its “first township in the north” here, for a total project cost of P30 billion. The Capital Town, the name given to the cenral business district (CBD), will rise on a 35.6-hectare property at…

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THE Philippine Stock Exchange (PSE) has rejected three listing applications of Araneta-led LBC Express Holdings, Inc., including the company’s bid to list 10 million common shares that it had planned to issue in a follow-on offering. In a disclosure on Thursday, LBC Express said the PSE’s rejection was due to…

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INVESTORS went on a buying binge Wednesday, positive that existing geopolitical jitters would not affect the Philippine market, and lifted the benchmark PSEi back to the 8,000 level. Despite the perceived risks in key event in major economies, investors resumed to take long positions, Regina Capital Corp. Managing Director Luis…

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AYALA-led Bank of the Philippines Islands (BPI) said on Wednesday it has appointed Ma. Cristina Go as the new president of BPI Family Savings Bank, effective June 1 of this year. Go will take over the post previously held by Natividad Alejo, who is now appointed chairman of the company’s…

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SHARE prices fell Tuesday as profit-taking set in after the benchmark PSEi breached the 8000-point level on the heels of marginal losses overnight on Wall Street. “The market today just followed the softness of the US market, but technically continues to consolidate, though with an upside direction,” Summit Securities Inc.…

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