Ayala, Boulevard, SPC Power, Vulcan: Philippine Stocks Preview

Shares of the following companies may have unusual moves in Philippine trading. Stock symbols are in parentheses and prices are as of the previous close, unless stated otherwise.

The Philippine Stock Exchange Index fell 1.8 percent to 4,303.08.

Ayala Corp. (AC) : The owner of the largest Philippine property developer bought back 250,000 shares at 306 pesos each, according to a filing to the stock exchange. Ayala declined 0.8 percent to 306.40 pesos.

Boulevard Holdings Inc. (BHI) : The Philippine property developer’s shares will be suspended from trading for one hour today prior to the company’s release of “price-sensitive information,” a stock-exchange filing showed. The stock rose 5.4 percent to 49 centavos.

First Philippine Holdings Corp. (FPH) : The company bought back 1.4 million shares, a stock-exchange filing showed. The stock decreased 0.7 percent to 56.70 pesos.

SPC Power Corp. (SPC) : The Philippine company said it was the sole bidder for a contract to operate and maintain the government’s 650-megawatt Malaya thermal plant, a stock-exchange filing showed. The company said it’s completing the requirements to get the contract. The stock was unchanged at 3.60 pesos on Sept. 5.

Vulcan Industrial & Mining (VUL) Corp: The company signed a so-called “memorandum of understanding” with China Trend to allow the Chinese company to review and study all its mining exploration projects within 60 days, an exchange filing said. The review could lead to a two-year agreement that will allow China Trend to choose the projects it will develop, the filing said. The stock fell 1.3 percent to 77 centavos on Sept. 5.

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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