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GREEN, ANI stocks dragged down by “Binay hacienda” issue

Renewable energy firm Greenergy Holdings Inc. (GREEN) and agricultural company Agri-Nurture Inc. (ANI) were two of the biggest stock decliners yesterday, after the companies and their top executive were linked to the investigation of the “overpriced” Makati City Hall parking building involving Vice President Jejomar “Jojo” Binay and son Mayor Junjun Binay.

During trading yesterday, the GREEN stock tumbled 10% to close at P0.0099, while ANI declined 5.77% and closed at P2.45 per share. GREEN and ANI were the 2nd and 5th biggest decliners, respectively, among the 260+ traded stocks in the Philippine Stock Exchange (PSE).

Xurpas IPO in November 2014

Another company is planning to conduct its maiden share sale this November, joining the likes of Rustan’s consumer retailer SSI Group, property developer Pro-Friends, and semiconductor firm Phoenix Semiconductor Philippines Corp. that have all announced their Initial Public Offering or IPO before the end of the year.

PSE Stocks Performance (3rd Quarter 2014)

The Philippine Stock Exchange index (PSEi) reached an all-time high level of 7,413.62 prior to the close of September 2014 and ultimately ended the 3rd quarter at 7,283.07. In the first 9 months of 2014, from January to September, the PSEi booked an increase in value of 23.7%.

How about your own stocks portfolio? Would you say you performed better, worse, or just the same as the PSEi?

Petron’s Perpetual Preferred Shares (Series of 2014)

Petron Corp. (PCOR) plans to raise as much as P10 billion by issuing to the public a new set of perpetual Preferred Shares this October 2014.

The initial offer size is P7 billion, with an over-subscription option of P3 billion should there be extra demand.

PinoyInvestor Special Report: Top Stock Picks beat PSEi, Mutual Funds, UITF

Local stock market resource PinoyInvestor recently published a report summarizing the performance of the stock recommendation of their partner brokers during the first 6 months of 2014. The results show that the recommendations were able to outperform the benchmark Philippine Stock Exchange index (PSEi) and even actively-managed mutual funds and Unit Investment Trust Funds as well.

Components of the revised PSE index (Sept. 2014)

Philex Mining out, Emperador in.

Most expensive stock in the world costs $200k per share

Generally speaking, stock investing is not limited to the rich. We’ve highlighted before that one can start investing with only a few thousand pesos. In the Philippines, there really is no minimum needed since trades are dependent on the “board lot” — and with only a few thousand pesos, one can start joining the Philippine stock market already.

Rustan’s SSI Group sets IPO in November 2014

The specialty store arm of Rustan’s company, SSI Group, has announced it is currently seeking approval from the Securities and Exchange Commission to pave the way for a planned initial public offering or IPO in November.

Rustan’s Stores Specialists Inc. (SSI) is responsible for bringing more than a hundred international brands into the country, including Hermes, Prada, Gucci, Burberry, Salvatore Ferragamo, Lacoste, Michael Kors, Kate Spade, Gap, Old Navy, Zara, Stradivarius, Bershka, Aeropostale, Samsonite, Nine West, Payless Shoe Source, Beauty Bar, Marks and Spencer, Pottery Barn and TWG, among others.

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