Alliance Global (AGI) 63 Percent Surge in Net Profit

Tycoon Andrew Tan's Alliance Global Inc. expanded it's nine- month consolidated net profit attributable to parent equity holders by 63% to 5.39 billion from a year ago on robust real estate, tourism and consumer businesses. - Philippine Daily Inquirer

Metro Pacific Investment (MPI) Buys Sobprepena Stake in MRT

MPI Corporation has gain a foothold in the mass transportation business with a deal to take over the 29 percent stake of the Sobrpenas Fil-State Corp. In MRT 3, which operates Metro Manila's business elevated railway on Edsa. - Philippine Daily Inquirer

Green Day

My portfolio is green today! 

• MPI is green
• EDC is green
• VLL is green

Thanks bargain hunters :-)

MPI highest buyers are:

• CLSA PHILIPPI
•  FIRST METRO SECURITIES
• GOLDSTAR SECURITES
• PHILIPPINE EQUITY PRTN

EDC highest buyers are:

• JPMORGAN SECURITIES
• CLSA PHILIPPINES
• DBP-DAIWA SECURITIES
• UBS SECURITIES
• DEUTSCHE REGIS PARTNERS

VLL highest buyers are:

• UBS SECURITIES
• DEUTSCHE REGIS PARTNERS 
• PHILIPPINE EQUITY PRTN

EDC new business scope (from CITISECONLINE)

In its amended articles of incorporation, publicly-listed Energy Development Corporation  (EDC) has retained its widened prospective business engagements to various industries,  including acquisitions of refineries. The firm’s new business scope had been heedful  though of the originally planned ventures thought out by its framers when it was  first incorporated in 1978. As disclosed to the Philippine Stock Exchange (PSE), the primary business that the company  can engage in would still be geothermal steam exploration and development;  and to utilize it for power generation businesses. Apart from the geothermal facilities  currently under its sleeve, the Lopez-controlled company is also into hydropower  generation with its stake in the Pantabangan-Masiway plants; which is aligned with  its incorporation’s leverage allowing it to go into operations of water systems or  water supply for various end-uses, including power generation.  The secondary purposes have been as wide and varied that the company can engage into,  aside from the ones already specified, real estate; transport and tankering of products  as well as trading of particular goods and services; and even pipeline operations.  In the amended articles of incorporation, the major changes integrated have been  the company’s corporate name from “Energy Development (EDC) Corporation”  to Energy Development Corporation and on the company’s by-laws.  While its business ventures may run extensive and wide-ranging, there have been no assertions from the company yet if there are plans of diversifying  its portfolio in other sectors in the future.

As of 15 Nov 2010
Foreign Buying - 2,771,694,683.50
Foreign Selling - 2,873,254,172.63

8th Title for Manny

Congressman Manny Pacquiao did it again!

This time against Antonio Margarito who is taller and heavier than him! His win today truly cemented his position as pound-for-pound king! The next Muhammad Ali as some analysts are saying. Pacquiao really doesn't have anything to prove unlike the 'talkative' Floyd Mayweather Jr. Maybe he should retire and devout his time to his family and his constituents. It is not nice to see him with a lot of money but cannot enjoy them because of the disease associated with boxing like what happened to Ali and Coach Freddy Roach - Alzheimer's disease. 

He is already 31 (younger than me - tsk tsk tsk), it is time for him to enjoy his hard earned money. 

Of course with Manny's win - Chavit is very happy again :-)

As team Pacquiao is enjoying the win, I don't know if we will enjoy PSE tomorrow. I hope that the market will bounce off from its downtrend and regain the lost points. All my portfolio is down but I am not YET worried ;-)

Sliver of Hope

Is it the end of the red days? Is this the end of the correction stage? Is it the end of the consolidation phase? Let us hope and pray...

I am happy that my MPI is green today as I got loads of them! It is such a happy day for all Tsupiteros who bought this stock yesterday at the bottom. It is a combined forces of ATR Securities and CLSA Philippines that push up the price. More than 25M! Citisec also bought more than 5M shares. I think it is one of Tsupiteros favorite stocks nowadays. According to my colleague who attended TradersPizza's seminar - JAP also advising attendees to buy this stock because it is cheap compare to other companies in the same industry. I too believed that.


I also believed that MPI has a lot of potential to be one of the best company here in Philippines. It got power distribution, water distribution, hospitals, toll roads and ABC 5? These businesses boosted MPI January to September core net income to 2.94B which in turns made them decide to re-calibrate this year earnings from 3.3B (originally 3B) to 3.5B! That's a lot of money! Let us see how Manny Pangilinan move his company to earn more next year - maybe buy more PLDT shares? 


Earnings breakdown:
1. Maynilad Water Services, Inc. - 1.8B
2. Metro Pacific Tollways Corporation - 1.1 B
3. Meralco - 1.8B
4. Hospital - 125M



EDC and VLL is not a good news as of today. It is still in the red zone.... sadly....
I just hope it will recover soon. I want to transfer my fund to AGI which is quite promising. It is one of foreign favorite stocks. I think I can sleep well knowing that I invested my money in AGI instead of EDC and VLL. Oh well, it is a risky  world out there....


As of 12 Nov 2010
Foreign Buying - 2,292,637,001.37
Foreign Selling - 2,182,559,908.27



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Nickel Asia and My Portfolio

I was able to subscribe 5,000 shares of Nickle Asia from my BPI Trade account. This is the first time that I will be buying IPO shares. Hopefully I will get some profit out of it.

Plans? I am thinking of selling half of the shares on the first trading day and sell the rest the next day. This way, I can cover my loss if the price goes down or gain more profit if the price goes up.

With 15 a piece, I think it would be easier for the Jockeys out there to push up the price to 30! BTW, is SB Securities associated to JAP?


Currently, I got EDC, MPI and VLL. They are all red today :-(
I will try to cost average on MPI since it is my retirement stock. I think I will get a good return from this stock in 3 years (Please Manny P...)

Nickel Asia Web Site  - http://www.nickelasia.com/

IPO News:
http://www.abs-cbnnews.com/business/11/08/10/nickel-asia-ipo-priced-raise-107-m
http://www.bworldonline.com/main/content.php?id=19963
http://www.ifrasia.com/equities-nickel-asia-ipo-priced-at-ps15-per-share/612927.article

As of 11 Nov 2010
Foreign Buying - Php 3,931,193,050.84
Foreign Selling - Php 4,315,537,657.59

As of 10 Nov 2010
Foreign Buying - Php 3,525,238,140.88
Foreign Selling - Php 3,663,989,553.18

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Maguindanao Massacre

I am joining those who condemn this brutal act! Violence is no place in a country like ours! I just hope that those who perpetrated this crime will be harshly punished!

"Neanderthal Brutality" - Miriam Santiago