SM Prime, Oriental, First Metro: Philippine Equity Preview
Stock Chart for SM Prime Holdings Inc (SMPH)
The Philippine Stock Exchange Index (PCOMP) climbed 0.7 percent to 5,202.70. The market was closed yesterday for a public holiday.
SM Prime Holdings (SMPH) : Philippine’s largest shopping mall developer is in talks to add five properties in China, the BusinessMirror reported on its website, citing Chief Financial Officer Jeffrey Lim. Most of them will be located in Fujian province, the report said. SM Prime Holdings was unchanged at 16.70 pesos.
Oriental Peninsula Resources Group Inc. (ORE) : The nickel producer posted a net income of 467.4 million pesos ($11 million) last year compared with a loss of 6.62 million pesos in 2010, the Philippine Star reported on its website. Oriental climbed 0.3 percent to 7.95 pesos.
First Metro Investment Corp. (FMIC) : The unit of Metropolitan Bank & Trust Co. has set a profit growth target of as much as 20 percent this year, boosted by trading income, the Philippine Star reported, citing President Roberto Juanchito T. Dispo. First Metro, which underwrites debt and equity, fell 0.2 percent to 68 pesos.
To contact the reporter on this story: Berni Moestafa in Jakarta at email@example.com
To contact the editor responsible for this story: Darren Boey at firstname.lastname@example.org
Bloomberg reserves the right to edit or remove comments but is under no obligation to do so, or to explain individual moderation decisions.