First Philippine, Phoenix, Waterfront: Philippine Stocks Preview

Shares of the following companies may have unusual price changes in Philippine trading. Stock symbols are in parentheses, and prices are as of 12 p.m. in Manila yesterday, unless otherwise stated.

The Philippine Stock Exchange Index fell less than 0.1 percent to 3,878.48.

First Philippine Holdings Corp. (FPH PM): The company with investments in power plants bought back 488,630 shares, a regulatory filing showed. The stock fell 1.1 percent to 60.70 pesos.

Phoenix Petroleum Philippines, Inc. (PNX PM): The retailer of petroleum products will pay 10 centavos a share in dividend, a stock exchange filing showed. The company will also pay a 30 percent stock dividend. The stock was unchanged at 14 pesos.

Waterfront Philippines Inc. (WPI PM): The company will renovate its flagship Waterfront Cebu City Hotel and Casino property for 300 million pesos ($7 million), a stock exchange filing showed. The renovation will be paid for by internally generated funds, it said. The stock fell 1.4 percent to 36.5 centavos.

To contact the reporter on this story: Ian C. Sayson in Manila at isayson@bloomberg.net

To contact the editor responsible for this story: Darren Boey at dboey@bloomberg.net

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