Bloomberry, Robinsons, Universal: Philippine Equity Preview

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

The Philippine Stock Exchange Index (PCOMP) rose 0.6 percent to 5,186.20.

Bloomberry Resorts Corp. (BLOOM) : The company will hold a $200 million share sale to help fund its $1 billion casino and hotel complex in Manila, Philippine Daily Inquirer reported, citing people it didn’t identify. The stock decreased 16 percent to 13.50 pesos.

Robinsons Land Corp. (RLC) : The nation’s second-largest shopping mall operator plans to open three malls and expand two others for its fiscal year ending Sept. 30, according to its annual report. The company will build four new malls and expand another one for fiscal year 2013, it said. The company will pay a dividend of 36 centavos a share in June, Chairman James Go said. The stock climbed 2.6 percent to 17.98 pesos.

Universal Robina Corp. (URC) : The second-largest publicly-traded Philippine food and drinks company plans to build an ethanol plant with a capacity of 100,000 liters a day, President Lance Gokongwei said. The company said it will pay 1.90 pesos a share in regular and special dividends in June. The stock advanced 2 percent to 67.80 pesos.

To contact the reporter on this story: Ian 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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