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

SM Prime, Oriental, First Metro: Philippine Equity Preview

May 2 (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 climbed 0.7 percent to 5,202.70. The market was closed yesterday for a public holiday.

SM Prime Holdings (SMPH PM): 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 PM): 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 PM): 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 bmoestafa@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.