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SE Asia stocks rise on bargain hunting as US-Korea tensions ease

2017-08-14 themalaymailonline
An electronic board shows the Korea Composite Stock Price Index (KOSPI) at a bank in Seoul June 27, 2013. — Reuters picSINGAPORE, Aug 14 — South-east Asian stock markets closed higher today as investors picked up beaten down shares, looking past tensions between the United States and North Korea.

SM nets P16.6B

The country’s largest conglomerate SM Investments Corp. grew its six-month net profit by 9 percent year-on-year to P16.6 billion led by higher earnings form its property and retail businesses.

Life-sized replica of 18th-century galleon to be built

What better way to mark the 50th anniversary of the Association of Southeast Asian Nations (Asean) than to unveil an initiative that will see the rise of a life-sized replica of an ancient galleon that established the centuries-old ties between the neighboring countries.

SM Prime earns 15% more

2017-08-07 philstar
MANILA, Philippines - SM Prime Holdings Inc. recorded a 15 percent growth in net income to P7.7 billion during the second quarter, bringing total earnings to P14.39 billion as of the end of June.

SM Prime nets P14.4B

SM Prime chair Henry Sy Jr., president Jeffrey Lim and director Hans Sy at the property firm’s stockholders meeting on April 25, 2017

S-E Asia stocks mostly up ahead of US non-farm payroll data

2017-08-04 themalaymailonline
The Philippine Stock Exchange PSEI Index rose as much as 1.1 per cent and was headed for a second straight session of gains. — Reuters picSINGAPORE, Aug 4 — Most South-east Asian stock markets edged up today ahead of US non-farm payroll data for July, with Philippine shares leading the rise on the back of gains in Energy Development Corp and its parent company, First Gen Corp.

Philippines rebounds from two-day fall, others in S-E Asia rangebound

2017-08-02 themalaymailonline
Financial, consumer and property stocks led gains in Philippine shares which climb 1 per cent. — Reuters picMANILA, Aug 2 — Philippine shares rose 1.5 per cent today, recovering from two consecutive sessions of fall, while other South-east Asian markets were rangebound as investors digested the recent slew of economic data.

SM Prime earmarks 10% capex for disaster risk reduction plan

2017-07-28 philstar
MANILA, Philippines -  SM Prime Holdings Inc. is setting aside 10 percent of its capital expenditure for disaster risk reduction to minimize its vulnerability to disasters.

Profit-taking pulls down PH stocks

The benchmark Philippine Stock Exchange index (PSEi) yesterday succumbed to profit taking after a three-day rally.

Asean markets up ahead of corporate results

SINGAPORE: Most Southeast Asian stock markets rose on Wednesday, in line with Asia, as investors shrugged off concerns about an immediate interest rate hike by the US Federal Reserve and turmoils at the White House to focus on upcoming corporate results.     Asian shares rose as optimism on China's economy underpinned stocks and commodities, and as investors bet any further tightening in the United States would be slow at best.

SE Asia stocks subdued, Philippine shares edge up

2017-07-19 themalaymailonline
A traffic controller at a constructing site is reflected on a stock quotation board at a brokerage in Tokyo October 1, 2013. — Reuters picSINGAPORE, July 18 — Southeast Asian stock markets were subdued this morning, tracking tepid Asian shares and Wall Street overnight as the passage of a US healthcare bill grew doubtful, raising concerns over the rest of President Donald Trump’s ambitious economic agenda.

Search on for country’s top CFO

2017-07-15 philstar
MANILA, Philippines - In volatile times as these, they are like members of the SWAT team discovering an unexpected obstacle in the midst of a raid. It is in this kind of environment, after all, that separates the best chief finance officers (CFOs) from the crop, said Dutch financial giant ING Bank N.V. and the Financial Executives Institute of the Philippines (Finex), organizers of the 2017 ING Finex CFO of the Year Award.

Singapore shares rise to two-year high

2017-07-14 themalaymailonline
The Singapore Exchange sign outside its building in Singapore in this April 19, 2011 file photo. — Reuters picSINGAPORE, July 14 — Singapore shares closed at their highest level in nearly two years today, propped by warehouse operator Global Logistic Properties and as investors heaved a sigh of relief after quarterly economic growth data showed the city-state narrowly dodged a recession.

Most Asean markets gain with broader Asia, Philippines hits three-week high

2017-07-12 themalaymailonline
Real estate and telecom stocks help push Philippine stocks up to lead gains in South-east Asia. — AFP picSINGAPORE, July 12 — Most South-east Asian stock markets rose today in line with broader Asia as fresh controversy over US President Donald Trump's administration had little impact on global equities, with investors looking ahead to Federal Reserve Chair Janet Yellen's comments later in the day.

Sideways trading seen this week

2017-07-02 philstar
MANILA, Philippines - The local stock market is seen to continue moving sideways this week, opening the second half under consolidation phase.

SM opens 63rd mall in Antipolo

2017-06-29 philstar
MANILA, Philippines - Property giant SM Prime Holdings Inc. is opening its 63rd mall in the country this week, further cementing its position as the largest mall developer in the Philippines.

SM’s 63rd PH mall Cherry Antipolo opens

Southeast Asian property giant SM Prime Holdings, Inc. (SMPH) has expanded its footprint in Rizal with the opening of a modernized Cherry mall in Antipolo, its 63rd shopping center in the country.

Philippines Tax Reform Bill Passed: ETFs in Focus

2017-06-13 zacks
Philippines President Rodrigo Duterte’s tax reform bill was passed by the lower house of the parliament after the third and final reading. This resulted in a landslide victory with 246 votes in favor and just 9 against with 1 in abstention.

Malaysia posts two-year closing high; Philippines down

2017-06-06 themalaymailonline
Malaysian shares closed at their highest since May 2015, with electricity company Tenaga Nasional Bhd gaining 2.8 per cent. — Reuters picNEW YORK, June 6 — Philippine shares fell today, dragged down by losses in index heavyweights SM Investments Corp and SM Prime Holdings, while Malaysian shares extended gains into a third session to close at a two-year high.

SM Prime breaches P1-T market value, first in Philippines

2017-06-06 philstar
MANILA, Philippines - SM Prime Holdings Inc., the integrated property company of the Sy family, became the first Philippine company to breach P1 trillion in market value.

Asean stocks higher, Philippines hits near 10-month top

2017-06-05 themalaymailonline
KL shares are at their highest in nearly three weeks, spearheaded by the financial sector. — Reuters picSINGAPORE, June 5 — South-east Asian stock markets rose today tracking gains in US equities that closed at record levels on Friday despite a tepid jobs report and shrugging off a third militant attack in Britain in less than three months.

Most SE Asia stocks end lower, Philippines hits three-week closing high

2017-05-30 themalaymailonline
Employees load up shopping carts at a supermarket in Paranaque city, Manila October 31, 2016. — Reuters pic

SE Asia stocks mostly down; Philippines hits three-week closing high

2017-05-29 themalaymailonline
Philippine shares eked out a 0.2 per cent gain to close at a near three-week high. — Reuters picMANILA, May 29 — Most Southeast Asian stock markets ended down today in the absence of catalysts, with the Chinese and US markets closed for holidays.

Asean stocks largely subdued, Philippines near three-week high

2017-05-29 themalaymailonline
Philippine shares rose with Ayala Land climbing to its highest in more than nine months. — Reuters picSINGAPORE, May 29 — Philippine shares hit their highest in nearly three weeks today, helped by property stocks Ayala Land Inc and SM Prime Holdings, while most other South-east Asian markets were little changed in thin trade with the United States, Britain and China closed for holidays.

Property issues lift stock price index higher

Local stocks rose on positive sentiments across the region yesterday as investors took comfort in the lack of negative news, especially from the United States, whose political controversies have weighed on global markets.

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