Banco de Oro Unibank, Robinsons Land: 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 yesterday noon in Manila.
The Philippine Stock Exchange Index declined 0.7 percent to 3,757.04.
Banks: The Philippine banking industry’s loans may rise 10 percent this year, Bangko Sentral ng Pilipinas Deputy Governor Nestor Espenilla said, without providing a year-earlier figure. Some banks may raise capital in 2011 in anticipation of robust loan growth, he said.
Banco de Oro Unibank Inc. (BDO PM), the country’s biggest bank by assets, gained 0.4 percent to 47.10 pesos. Metropolitan Bank & Trust Co. (MBT PM), the second-biggest, climbed 0.2 percent to 57 pesos.
First Philippine Holdings Corp. (FPH PM): The owner of the nation’s largest power producer bought back 275,510 shares, a stock exchange filing showed. The stock fell 4.4 percent to 52.60 pesos.
Integrated Micro-Electronics Inc. (IMI PM): The provider of electronic manufacturing services will pay 4.4 centavos a share in dividend, a stock exchange filing showed. The stock fell 1.8 percent to 6.60 pesos.
Robinsons Land Corp. (RLC PM): The second-largest shopping mall operator has set a 30 billion peso ($686 million) budget for capital spending this year and in 2012, President Frederick Go said. The company will hold a stock rights offering in April, he also said. The stock fell 5 percent to 11.90 pesos.
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