PSE: EDGE new disclosure system

Dec. 27, 2013 lats trading day it go live the new online disclosure system of PSE. All listed company disclosures and announcements will no longer be updated in the PSE website. To view the latest disclosure reports it will be posted to new PSE EDGE website at http://edge.pse.com.ph/.

PSE New Electronic Board

Photos from PSE FB page.

Philippine Publicly listed Companies that are Shariah-compliant

In order for PSE to encourage more Muslim brothers to invest in the stockmarket and choose companies that are Shariah-compliant. Only 47 publicly-listed Philippine companies made it to the Shariah-compliant list, that strictly excluded businesses related to alcohol, tobacco, gambling and those that earn through interest rates.

PSE partnered IdealRatings to screen the listed companies in accordance with the Accounting and Auditing of Islamic Financial Companies (AAOIFI) standards for Shariah compliance. Shariah compliance screening excludes companies with businesses in conventional interest based lending, financial institutions, pork, alcohol, intoxicants, tobacco, arms and weapons, gambling, casinos, derivatives, pornography, music/entertainment and human stem-cell research.

It also includes screening the company’s financial ratios of cash and interest bearing investments not exceeding 30%, interest bearing debts not exceeding 30% and accounts receivables not exceeding 67% of market capitalization.

Gus Cosio Dec.12, 2013 Stockmarket advice on PSE

Take the Advice from the Expert President of First Metro Asset Management Inc. This article is publish in FAMI facebook page.

Today was an irony in the stock market. TEL which had been in consistent decline over the past few weeks went up in the midst of all other index stocks dropping. And even with the market down 2.04% (122.54 points), the market was in a net foreign buying position of roughly Php585.5 million (ex-block sales). Normally, you'd expect otherwise because TEL is a traditional bellwether stock which usually sets market direction. Similarly, when the market experiences net foreign buying, the index normally rises; yet it went the other way today.

I had been saying for a few days now that one should start having a look at entry prices because we, the local investors, should be the ones buying ahead of foreign fund managers. That way, we will own the market at levels cheaper than the foreigners. In such a position, we will not get buffeted so much by their fickleness.

Unfortunately, most locals do not set value judgement on their own. Rather, the let the foreign funds do it for them, and they just follow the flow. While there may be conventional wisdom in the for the Philippine market, the same is not true in more developed markets. Normally, the foreigners would take their cue from local investors on an assumption that they have greater familiarity with their own stocks and its values.

Anyway, there still is opportunity for locals to take the lead. My sense is that selling of the most widely owned stock by foreigners - TEL - has already dried up. This means that many foreign funds already have their cash. Foreign selling pressure has likely waned already and that is why we saw net foreign buying today. Typical of local investors in our country, they chase the tail of foreign flows. Is it surprising why a lot of local players lose money?

My take on the market is that prices are already cheap. A stock like MBT is around 25% off its high. That to me is a deep consolidation in price considering that on a price to book basis, it is just around 1.4X. That is too cheap for such a big bank like MBT. MER is down because of the price hike controversy, but that issue should not last very long. SM is another stock that is around 30% off its highs. These are all stocks with very stable core earnings. I see very little reason why they should stay down here for long.

We locals must develop the wherewithal to judge values ourselves. We must judge not from the foreign fund managers' standpoint but from our own. When we do, we will no longer fall prey to the vagaries of foreign sentiment because we will be the ones setting the course. We will be the head, not the tail.

Fisrt Metro Philippine Enquity: Echange Traded Fund

List of Compnies under FMETF Exchange Traded Fund

Security Name

1. PHILIPPINE LONG DISTANCE TELEPHONE, INC.
2. SM INVESTMENTS CORPORATION
3. AYALA LAND, INC
4. BANK OF THE PHILIPPINE ISLANDS
5. SM PRIME HOLDINGS, INC.
6. AYALA CORPORATION
7. ABOITIZ EQUITY VENTURES, INC
8. BDO UNIBANK, INC.
9. METROPOLITAN BANK & TRUST COMPANY
10. ALLIANCE GLOBAL GROUP, INC.
11. UNIVERSAL ROBINA CORPORATION
12. INTERNATIONAL CONTAINER TERMINAL SERVICES, INC.
13. JG SUMMIT HOLDINGS, INC.
14. JOLLIBEE FOODS CORPORATION
15. GT CAPITAL HOLDINGS, INC.
16. METRO PACIFIC INVESTMENTS CORPORATION
17. ENERGY DEVELOPMENT (EDC) CORPORATION
18. GLOBE TELECOM, INC.
19. ABOITIZ POWER CORP.
20. LT GROUP, INC.
21. MEGAWORLD CORPORATION
22. DMCI HOLDINGS, INC.
23. ROBINSONS LAND CORPORATION
24. MANILA WATER COMPANY, INC.
25. BLOOMBERRY RESORTS CORPORATION
26. SAN MIGUEL CORPORATION
27. SEMIRARA MINING CORPORATION
28. PETRON CORPORATION
29. FIRST GEN CORPORATION

30.PHILEX MINING CORPORATION

2013 MVP Bossing Award

The partnership with the PLDT SME Nation – the MVP Bossing Awards 2013. Seven Bossing awardees were named and honored for their outstanding and inspiring leadership and embodiment of innovation and technology in their businesses

1. Zest-O Corp. President Alfredo Yao was hailed as the 2013 MVP Grand Bossing. He was a success story of rags to riches. Poverty did not hinder him to succeed and enrich other people’s lives by providing them decent employment.


2.Catherine Dizon – Posas of Dizon Farms who grew up knowing how to grow and sell their fresh produce that eventually turned into a huge company. They planted several types of citrus products and became very successful with pomelos. The fruits also grows and exports Cavendish bananas to countries in Asia.


3. Dra. Mary Chan who founded Ideal Vision Center Inc. has a vision of helping people with their eyesight and other eye concerns. She and her husband established Ideal Vision not only to generate income, but also to help the community as well.


4. Michael Deakin of Lifeline Ambulance Rescue Inc. The accidental entrepreneur as he calls himself measures his team’s success by the number of people that they have rescued and keeps a record of it in a book. They have saved more than 5,000 lives in 17 years and is worthy to be called as the 911 of the Philippines. Their quick response and action is mainly because of training and innovation in the tools that they use.


5. Genevieve Ledesma – Tan of Southville International School and Colleges uphold and teach at her institution. Her desire to have a very good education since she was a child materialized and is now honing the youth after she founded Southville.


6.  Felix and Prudencio Garcia father and son tandem started small by selling tocino and chicharon as a backyard business which later became a hit, making way for the establishment of Mekeni Food Corp. They were able to turn adversity into opportunity for their product and company to excel as a brand.


7.  Glenn Yu of Seaoil Philippines started selling and promoting E10 in 2005 and It also preceded the whole industry in blending diesel with coco-methyl ester (CME).

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Free open-source disk encryption software.

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