Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Filinvest, PAL Holdings, Trans-Asia: Philippine Stocks Preview

March 24 (Bloomberg) -- 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 rose less than 0.1 percent to 3,855.52.

Filinvest Development Corp. (FDC PM): EastWest Bank, a unit of Filinvest, posted net income of 1.81 billion peso ($42 million) in 2010, almost three times the 621.7 million peso profit booked in 2009, a stock exchange filing showed. The stock decreased 3 percent to 4.15 pesos.

PAL Holdings Inc. (PAL PM): Philippine Airlines Inc., the nation’s largest carrier and unit of PAL, said a flight from Manila was held at a remote parking bay upon arrival at the San Francisco International Airport on March 22 due to a phoned-in bomb threat. The aircraft was cleared for departure after a “rigid security check,” it said. The stock fell 3.9 percent to 4.71 pesos.

Trans-Asia Oil & Energy Development Corp. (TA PM): The Philippine oil explorer and energy company signed a three-year contract to buy electricity from Sem-Calaca Power Corp., a stock exchange filing showed. The stock gained 0.8 percent to 1.28 pesos.

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

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.