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Oriental, Pacific Online, Vista Land: Philippine Stocks Preview

Sept. 8 (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 0.3 percent to 4,315.21.

Anglo Philippine Holdings Corp. (APO PM): Commuter train fares in the Philippine capital will be increased in order to reduce government subsidies and raise funds for provincial mass transport services, President Benigno Aquino told reporters. Chairman Alfredo Ramos couldn’t be reached in his office for comment. Anglo Philippine, which owns shares in one of Manila’s three railways, climbed 0.9 percent to 2.20 pesos.

NiHAO Mineral Resources International Inc. (NI PM): The minerals explorer bought additional 2 million shares in Oriental Peninsula Resources Group Inc. at average price of 4.39 pesos each, a stock-exchange filing showed. NiHAO decreased 0.6 percent to 3.48 pesos.

Oriental Peninsula Resources Group Inc. (ORE PM): The company said it “secured” investments from Yun Feng, which owns automotive companies and suppliers in China, to invest in its hydropower, coal and nickel projects, a stock-exchange filing showed. The stock decreased 1.3 percent to 4.50 pesos.

Pacific Online Systems Corp. (LOTO PM): The company that leases terminals for the online lottery operated by the Philippine government bought back 10,000 shares, a stock-exchange filing showed. The stock fell 0.5 percent to 19.70 pesos.

Vista Land & Lifescapes Inc. (VLL PM): The builder bought back 650,000 shares, a stock-exchange filing showed. The stock decreased 1.5 percent to 3.19 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

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