Global Chart Talk: 2014

Wednesday, December 3, 2014

Robinson's Land Corporation #RLC

Image source: COL Financial

NOTES:

Major trend: Bullish
Price currently trading at resistance area (watch out for sellers)
Higher high (HH) + Lower high (LH) = Regular bearish divergence
COL Rating: Buy
Target Price: Php 28.10

Wednesday, November 19, 2014

Filinvest Land Inc #FLI

NOTE:

Is FLI escaping the range and will move for a possible breakout? Let's wait and see.

Monday, November 17, 2014

Wednesday, November 12, 2014

Philippine National Bank #PNB

Image source: Financial Times (PNB)

NOTES:

Resistance: 85 / Support: 83
Would buy near support @ 83

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Saturday, November 8, 2014

Thursday, November 6, 2014

Asia United Bank Corporation #AUB

Asia United Bank Corporation (AUB)

NOTES:

Forming symmetrical triangle
Would buy near support area @ P73

Saturday, October 25, 2014

Ayala Corporation #AC

Ayala Corporation (AC)

NOTES:

Buyers > Sellers
Main trend: Bullish
Target price: P745
Price is now currently retesting the breakout point

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Wednesday, September 17, 2014

ABS-CBN Corporation #ABS

Will it continue to soar high tomorrow or others will take profit? Let's see...

Saturday, September 13, 2014

Southeast Asia Cement Holdings Inc #CMT

LATEST NEWS

CMT board clears backdoor entry of PGMC (12 Sep 2014)

Southeast Asia Cement (Seacem) said its board of directors approved on Wednesday amendments to its Articles of Incorporation, including changing its corporate name to Global Ferronickel Holdings Inc.

Likewise, Seacem will beef up its authorized capital stock to PHP 12.555 billion from PHP 2.555 billion and issue 10.46 billion common shares out of the capital stock hike to the stockholders of PGMC in exchange for 99% of the outstanding shares of the nickel firm.

Seacem will also conduct a follow-on offering to the public of available shares arising from the proposed increase in the authorized capital stock, subject to the approval of the Securities and Exchange Commission.

The investors controlling PGMC is starting today the tender offer to buy the shares held by the company’s minority stockholders at PHP 0.46 apiece. The offer period will last on October 9.

(source: PinoyInvestor)

Del Monte Pacific Limited #DMPL

LATEST NEWS

DMPL achieved sales of $446 million but still posted net loss (12 Sep 2013)

Del Monte Foods, Inc. (DMFI) attained sales of $339.5 million and posted a net loss of $21.9 million due to earlier announced acquisition-related expenses. These costs include higher interest expenses from a long-term loan to acquire DMFI and short-term bridge financing of DMPL, which will be refinanced with an equity offering.

The planned ordinary share public offering will be followed by a perpetual preference share offering and, thereafter, a rights offer.

Group borrowings will then be reduced by approximately $520 million, which will significantly deleverage DMPL’s balance sheet as it pays down its short term bridge financing. Group EBITDA before acquisition expenses and non-recurring expenses was $21.5 million and is expected to further strengthen in FY 2015.

“While first quarter sales decreased by 1% versus the prior year period, this was a marked improvement from the 17% decline during the Transition Period of February to April 2014, where sales were affected by inherited higher product pricing and changes to product labels,” said Nils Lommerin, Chief Executive Officer of Del Monte Foods, Inc.

(source: PinoyInvestor)

Tuesday, September 9, 2014

LT Group Inc. #LTG

Latest News

Lucio Tan buys back PAL

Lucio Tan of the LT Group, Inc. (LTG) signed a $1.0 billion deal to buy back the 49.0% stake in Philippine Airlines (PAL) from San Miguel Corp. (SMC), ending a 2-year-old alliance and regaining management control of the now-profitable flag carrier.

The estimated amount of the deal covers not only the payment for SMC’s stake but also the cash advances made by the conglomerate for the flag carrier’s re-fleeting program.

Lucio Tan borrowed $850 million from a syndicate of banks, including the SM group’s BDO and China Banking Corp. as well as Philippine National Bank and Asia United Bank. The rest will be covered by the tycoon’s existing cash flow.

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