Stock Trading

Property company Pro-Friends to IPO in 2014

Another low-cost housing developer is set to issue shares to the public for the first time, following the announcement of Property Company of Friends (Pro-Friends) that they will conduct an initial public offering before the end of the year.

Pro-Friends is a property development company that started in 1999 and has completed 15 projects so far. They focus on the low-cost housing market segment building affordable subdivisions, townhouses and mid-rise condominiums in Cavite, Iloilo and Metro Manila.

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How many Filipinos trade stocks online?

Do you know how many Filipinos invest in stocks and how many of them trade online? Come on, take a guess.

Ten million Filipinos? One million?

Believe it or not, the answer is actually much lower.

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Complete list of stocks traded in the PSE

Do you know that there are almost 300 stocks, representing 250+ companies, currently listed in the Philippine Stock Exchange (PSE)?

If you’re wondering why the number of stocks and companies is not equal, that’s because some companies have more than one set of stocks being traded. Majority of stocks traded are common shares, but some companies have also issued Preferred Shares.

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Frontier Oil withdraws IPO plan

After deferring its Initial Public Offering (IPO) plan slated last year, upstream oil exploration firm Frontier Oil Corp. (FOC) finally informed the Philippine Stock Exchange (PSE) last week that it is abandoning its planned listing in the local stock exchange.

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Pilipinas Shell IPO coming soon?

ipo-initial-public-offeringAfter more than 16 years of snubbing the Oil Deregulation Law, is Pilipinas Shell Petroleum Corp. (PSPC) finally ready to conduct an Initial Public Offering (IPO)?

This seems to be the case, as confirmed by Pilipinas Shell country chairman Edgar Chua, during last week’s forum in Makati, that the company is “preparing for an IPO”.

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