JTH Davies, MacroAsia, Solid Group: Philippine Stocks Preview
Shares of the following companies may have unusual moves in Philippine trading. (PCOMP) Stock symbols are in parentheses and prices are as of the previous close, unless stated otherwise.
The Philippine Stock Exchange Index fell 0.8 percent to 4,227.88.
JTH Davies Inc. (JTH) : The builder has bought the Philippine Women’s University’s debt from BDO Unibank, together with all of BDO’s rights to the underlying collateral and security, according to a company statement. The stock fell 1.1 percent to 2.62 pesos.
MacroAsia Corp. (MAC) : The Manila-based provider of in- flight catering services said it bought back 100,000 shares at 2.95 pesos, a stock-exchange filing showed. The stock was unchanged at 2.95 pesos.
Solid Group Inc. (SGI PM): The manufacturer and wholesaler of consumer electronic products said its board approved the merger of some of its units. It also approved an investment of 110 million pesos ($2.29 million) for a housing project, it said in a statement. The stock declined 2.5 percent to 1.17 pesos.
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