Is this another case of “What Manny Pangilinan wants, Ramon Ang will also try to get”?
This question emerges as reports regarding purported interest by Ramon Ang, president of conglomerate San Miguel Corporation (SMC), to acquire a 30% equity stake in GMA Network Inc. (GMA7) surfaced last week.
The tragic collapse of Top Frontier Investment Holdings Inc. (TFHI) during its initial listing last week highlighted one important stock trading lesson that most investors are still not aware of. That is, a stock’s Initial Public Offering (IPO) or introductory listing does not automatically translate to instant gains.
Most newbie stock investors have this notion that IPOs — or in the case of TFHI, initial listing on the Philippine Stock Exchange (PSE) by way of introduction — always result to profits.
With TFHI’s stock price dropping 44% on its first trading day and 58% total drop in just week — we now see that IPOs and initial listings may not necessarily be good investments.
Which companies in the Philippine Stock Exchange (PSE) enjoyed the biggest price increase in 2013? Which stocks lost the most value last year?
We compiled information regarding the performance of Philippine stocks and here are the results.
In a drastic reversal of fortunes, the stock markets of developed countries such as Japan and the United States were big winners in 2013, while stock markets of most developing countries — previous top performers in 2012 — barely rose with some even registering negative returns.
Japan’s Nikkei 225 index, for example, was the world’s 4th best stock market in 2013, surging an unprecedented 56.72% in the past 12 months ending December.
The year 2013 finally ended this week, wrapping up a rough, turbulent year for stock investors.
On Friday, December 27, the market had its last trading day of the year. The 30-company Philippine Stock Exchange index (PSEi) closed at 5,889.83 points — up a meager 0.20% from the previous day’s trading.
Top Frontier Investment Holdings Inc. (TFHI), the single largest shareholder of conglomerate San Miguel Corporation (SMC) has secured approval from the Philippine Stock Exchange (PSE) to list its shares on the PSE next year.
Top Frontier Investment Holdings owns a major stake in SMC but, interestingly, the conglomerate SMC is also the biggest shareholder of Top Frontier.
Every year, we compile a list of publicly listed Philippine companies that pay the highest amount of dividends. As we have explained in our previous articles (see Top 10 Stocks with Highest Dividend Yields – 2011 and High Dividend Stocks in the Philippines – 2012), dividends are another way for stock investors to make money in the stock market.
The Philippine Stock Exchange (PSE) issued a clarification on October 29 as regards the adjustment in the index weight of the Henry Sy-led property conglomerate SM Prime Holdings (SMPH).
