Search This Site

Sunday, September 22, 2013

Guide to Philippine Stocks Market: New PSEi Benchmark Effective September 16, 2013

Guide to Philippine Stocks Market: New PSEi Benchmark Effective September 16, 2013: A look at the new Philippine Stocks Exchange, Inc. main index as of September 16, 2013: 1.   Aboitiz Equity Ventures (AEV) 2.   Aboitiz P...

Sunday, September 15, 2013

Water Company Shares Pulled Down by Rate Rebasing

Shares of PSE-listed water companies declined as The Metropolitan Waterworks and Sewerage System cut Maynilad Water Services, Inc and Manila Water Co., Inc's average basic water charges by 4.82% and 29.47% respectively.

Shares of Metro Pacific Investments Corp (PSE:MPI), the parent of Maynilad, fell by 13.73% or .70 centavos two days after the rate cut was announced. Manila Water (PSE:MWC) dropped by 17.57%, hitting its one-year low at 25 before closing at 26.5. DM Consunji Inc., (PSE:DMC) which partly owns Maynilad fell 5.99% to close at 45.5. The parent of Manila Water, Ayala Corporation (PSE:AC) also shed 2.79% and closed at 558 per share.

Investment Tips


  • Investment Tip #1

    www.buffettinthephilippines.blogspot.com
  • Investment Tip #2

    www.buffettinthephilippines.blogspot.com
  • Investment Tip #3

    www.buffettinthephilippines.blogspot.com
  • Investment Tip #4

    www.buffettinthephilippines.blogspot.com
  • Investment Tip #5

    www.buffettinthephilippines.blogspot.com
  • Investment Tip #6

    www.buffettinthephilippines.blogspot.com

Disclaimer:

The information provided in our review may not be as relevant today given the time gaps and change in varying economic conditions. While we strive to account every business possibilities that may affect a company's profitability, this is not a recommendation to buy or sell these particular stocks. We cannot be held liable for any investment decisions made in consequence to our articles.