Company Overview and News

Philippine stock woes mount as 2018 losses pass $20-billion mark

2018-04-17 bworldonline
PHILIPPINE stocks, already the world’s worst performers this year, fell to the lowest in almost a year Tuesday, bringing to more than $20 billion the loss in market value for the country’s benchmark index since the start of 2018.
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Philippine Stock Woes Mount as 2018 Losses Pass $20 Billion Mark - Bloomberg

2018-04-17 bloomberg
Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.
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Puregold earns P5.84B in 2017

2018-04-16 bworldonline
EARNINGS of Puregold Price Club, Inc. grew by 5.7% in 2017, backed by a double-digit increase in sales from its chain of supermarkets across the country.
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Puregold nets P5.8B

Lucio Co-led retailer Puregold Price Club grew net profit last year by 5.7 percent to P5.84 billion, riding on robust consumer spending in the country by adding new stores and increasing sales out of old stores.
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Firms see robust sales despite TRAIN

2018-04-15 bworldonline
FILIPINOS did not hold back on spending despite higher prices of goods in the first quarter of the year, but elevated input costs would continue to put pressure on the profitability of consumer companies.
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Tech businesses powering Asia-Pacific growth

2018-04-05 bworldonline
London’s venerable Financial Times (FT) recently released its first-ever “FT 1000 High-Growth Companies Asia-Pacific” list — with 26 Filipino firms making the grade, all of which are listed on the Philippine Stock Exchange except for one.
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Philippine shares slump for fifth day straight

2018-03-06 bworldonline
Stock prices extended their decline on Tuesday, March 6, following reports on February inflation accelerating to its fastest pace in three years.
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CTA affirms P1.6-B tax refund for Lucio Co, family

The Court of Tax Appeals (CTA) has affirmed a division ruling ordering the Bureau of Internal Revenue (BIR) to refund a total of P1.647 billion to retail tycoon Lucio Co and his family for the erroneous payment of capital gains taxes in 2012.
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PSEi to reach 9,500 level this year, says brokerage

2018-01-22 bworldonline
RCBC Securities, Inc. sees the market ending at the 9,500 level by the end of 2018, fueled by the continued positive outlook on the Philippine economy.
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Puregold to open 25 stores this year

2018-01-01 bworldonline
PUREGOLD Price Club, Inc. will continue the expansion of its supermarket business in 2018 as it plans to open 25 new stores.
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Christmas optimism seen boosting stocks

No big movements are expected in the stock market today, although there is reason for investors to be more optimistic as the Christmas season—and the typical heavy consumer spending that comes with it—approaches.
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SEC clears Puregold takeoverof Budgetlane grocery chain

2017-11-27 philstar
MANILA, Philippines — The Securities and Exchange Commission (SEC) has issued the certificate of merger to Lucio Co’s Puregold and the operator of grocery chain Budgetlane, paving the way for the conversion of more stores into the Puregold brand.
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SEC approves Puregold merger with 3 retailers

2017-11-27 bworldonline
THE Securities and Exchange Commission (SEC) has approved the merger of three provincial retail companies with Puregold Price Club, Inc., tycoon Lucio L. Co’s company told the stock exchange on Monday.
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PSEi gains 1.27%, closes at above 8,311

The benchmark Philippine Stock Exchange Index (PSEi), in a reversal of the previous day’s decline, ended Friday’s session up 1.27 percent, or 104.6 points, to 8,311.08. Also recovering were index heavyweights Ayala Corp. and SM Investments Corp., which were down the day before.
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Retailers post higher profits in 9 months

2017-11-16 philstar
In separate disclosures, SSI Group, the country’s largest specialty store retailer, said net income rose 12 percent to P342 million while core recurring income, which excludes one-time write-offs related to the group’s store rationalization program, increased 13 percent to P444 million.
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CUSIP: 00B725S29