Philippines Market Insights 2018.1.22

フィリピン株式ニュースハイライト

News Highlights: Ayala Corporation  (AC)’s board approved restructuring  its energy units through the creation of a new holding firm, AC Renewables,  & renaming the existing thermal holdings company to ACE Thermal, Inc.  AC Energy DevCo of Ayala Corporation (AC) is also planning 150MW diesel plant in Pililia, Rizal to meet the peaking & reserve requirement  of Luzon grid.  PLDT Inc. (TEL) aims to close an outsourcing  deal with US firm Amdocs which might be finished end-­‐Jan.    Meanwhile, the Finance bureau (DoF) will submit a proposal to Congress by mid-­‐year, for national gov’t. to assess land values for real property taxes (RPTs).  Monetary authorities are looking  to relax the single borrower  limits (SBL) to accommodate  bank lending  for big projects  according  to Bangko  Sentral  ng Pilipinas  (BSP) Deputy  Governor Diwa C. Guinigundo.

マーケットモニター

各国市場モニター

各国の株式市場動向

PHILIPPINES

Mart  rises  to  records,  PSEi  @  8,915: Mart  rose  to  records nearing  market close  as  banks recovered, with Financials (+2.56%) leading gains, and after the DICT identified 5 local telco applicants – NOW (+46%), ECP (+30%), PT&T (halted), non-­‐listed  Converge ICT & Click. Among actively traded shares were: BPI (+P8.50 at P123.50), MBT (+P2.00 at P100.20), BDO (+P2.50 at P159.50), ALI (-­‐P0.10 at P44.90), and AC (­‐P4.00 at P1,031.00), on 10.02bn turnover. Losers edged out gainers, 105-­‐127, with net foreign inflows at P92.10mn.

Might  test  9,000: Mart might test the 9,000 mark ahead of upbeat expectations that 4Q17 GDP announcement on  Tuesday  is  within  expectation.  Position  on  dips  &  breathers  per  stock. Immediate support 8,840, resistance 9,000.

ASIA

Shares  rose:  Asian  shares  rose  on  Friday,  shrugging  off  possible  US  government  shutdown  and ahead of Bank of Japan (BOJ) policy meeting scheduled Monday

WALL STREET

Shares  rallied:  US  equities  rallied  Friday,  as  traders  expressed  confidence  a  bill  will  be  approved to fund gov’t. operations to 16 Feb. & avert a shutdown.

COMMODITIES

Oil prices settled lower: Oil prices posted their first weekly loss in five weeks after settling lower for  the  second  straight  session  on  Friday,  as  traders  fretted  over  a  sharp  rebound  in  US production. West Texas Intermediate (WTI) dipped $0.58 to $63.37/barrel.

 

フィリピン国内各企業動向

AC restructures energy units through creation of AC Renewables & renaming thermal holdings to ACE Thermal, Inc:

Ayala Corporation (AC)’s board approved restructuring its energy units through the creation of a new holding firm, AC Renewables, & renaming the existing thermal holdings company to ACE Thermal, Inc.  AC CEO Eric Francia said they’re looking at scaling up to 1,000MW by 2020 from the present 300MW.  Meanwhile, AC Energy will be retained as a holding firm, with AC Renewables & ACE Thermal under it.

AC  eyes new 150MW diesel plant in  Pililia, Rizal:

AC  Energy  DevCo  of  Ayala Corporation (AC) is planning 150MW diesel plant in Pililia, Rizal to meet the peaking & reserve requirement of Luzon grid.  The project is under pre‐dev process that includes securing an ECC.

TEL to ink deal with digital provider Amdocs.

PLDT Inc. (TEL) aims to close an outsourcing deal with US firm Amdocs which might be finished end-­‐Jan.   Amdocs provides digital & network transformation via innovative solutions.

SMPH to add 5 malls this year, 9 in 2019 & 7 in 2020:

SM Prime Holdings, Inc. (SMPH) lined-­‐up 21 new malls for 2018-­2020, with Urdaneta Central, Telebastagan, Legaspi,  Ormoc  &  Dagupan  slated  for  the  year.  Around  9  malls  are  up  for completion in 2019 & 7 in 2020.

MEG’s 140ha. Cavite township already 69% sold:

Megaworld Corporation’s (MEG) 140ha. Maple Grove township in Gen. Trias, Cavité sold 250 out of 360 commercial lots since it was launched Nov. 2017.  The project covers 35ha. with lot sizes ranging 360­‐1,008sqm.  Completion of the district is seen in 2022.

LTG’s real estate arm ETON to venture into Hotel, one in Pasay and another in QC:

Eton Properties Philippines, Inc. plans to venture into hotel under its own brand, one will be in Pasay City, the other in QC.   The plan is to construct a 160­‐room  hotel within a P2bn, mixed­‐use project across Heritage Hotel in Pasay City.  The lot was bought by ETON from PNB.   Eton Hotel will also be construct a 400-room,  3­‐star hotel on 12ha. in Centris at the cor. of Edsa & Quezon Ave. that will cater to BPO executives who live in Bulacan & Pampanga.

PAL to have reIPO in 2Q18:

PAL Holdings, Inc. (PAL) will have a re-­IPO in 2Q18, according to Mr. Lucio Tan, Sr. without further elaborating.

PIP & BBDO Guerrero launches Aquafina purified water:

PepsiCo (PIP) & BBDO Guerrero launched Aquafina purified water, aside from Pepsi, Quaker & Frito Lay brands handled by the latter.  Aquafina is known as the world’s best‐selling brand & will be marketed by Pia Wurtzbach.

NIKL shipment value reached P14.45bn (+9.2%) driven by higher prices:

Nickel Asia Corporation (NIKL) said shipment value reached P14.45bn (+9.2%) driven by higher prices.   Total shipment volume fell 4.5% at 7.64mn WMT, with Taganito mine accounting for 43%, Rio Tuba at 33%.

PTFC’s BRC & KLI signs subscription agreement for purchase by BRC of 16.33% shares in KLI:

PTFC’s fully-­owned  Baesa Redevelopment (BRC) & Kombi Land (KLI) signed a subscription agreement last 19 Jan. 2018 for the purchase by BRC of 49,000 shares in KLI, or 16.33%, for P60mn.  The purchase is subject to SEC approval & increase in KLI’s authorised capital.

DFNN clarifies no definite accord has been made amid rumor Dennis Uy made P600mn investment related to casino:

DFNN, Inc. (DFNN) clarified to the Exchange they are open to investors who can add value to their business, but no definite accord has been made.   Unnamed sources claimed Dennis Uy allegedly made P600mn in investments in DFNN, which could be related to his casino venture in Cebu. No official comment has been given by Mr. Uy on the matter.

HOUSE sees P2bn in sales from Urban Deca Homes condo in Tisa, Cebu:

8990 Holdings, Inc. (HOUSE) sees P2bn in sales from mid-­‐rise Urban Deca Homes condo in Tisa, Cebu. The project will comprise 21, 4-­storey buildings for a total of 1,392 units. A 26.8-­sqm. studio‐type unit sells for P1.17mn/unit, 2‐bedroom, 36.5sqm. at P1.58mn. P800mn will be spent, with completion slated 2021.

フィリピン経済指標

DoF to submit proposal assessing land values for real property taxes to Congress by mid­‐year:

The Finance bureau (DoF) will submit a proposal to Congress by mid-­ year, for national gov’t. to assess land values for real property taxes (RPTs).   The committee will comprise LGU Finance, BIR & LGU to review local assessor’s property valuation.  This scheme meanwhile, will be revenue-­neutral for nat’l govt., but it will depend on the LGU how to apply percent of excess over valuation brackets.  Telcos will be required by government to lease cell towers from tower firms, instead of building their own sites.  Thus far, American Tower Corp. proposed to build these towers, with its $50bn planned investment.  DICT believes the move would be appreciated in the long‐term as telcos may free-up capital expense & concentrate in updating radios to improve service.   Guidelines will be formed next month, while agreement with telcos are seen 4Q18.   Implementation might take place either 4Q18 or early 2019.

BSP may soon relax SBL to support bank lending:

Monetary authorities are looking to relax the single borrower limits (SBL) to accommodate bank lending for big projects according to Bangko Sentral ng Pilipinas (BSP) Deputy Governor Diwa C. Guinigundo. Currently, SBL limits credit exposure to a single client to a maximum of 25% of a bank’s net worth.

Dec 2017’s BoP surplus at $917mn, reversig Dec 2016’s $214mn deficit:

Balance of Payment (BoP) surplus reached $917mn in Dec., reversing Dec. 2016’s $214mn deficit.  This brought 2017’s full-­‐year BoP deficit to $863mn versus 2016’s ­‐$420mn. BoP deficit is seen at $1bn for 2018.

 

DoE to look into coal contracts to check provisions mandating passon of costs:

The Energy bureau (DoE) will look into coal contracts of power producers to check if there are provisions mandating pass-­‐on of costs tied to excise taxes.  DoE also wants power generation firms to submit their coal inventories, to determine the resulting rate hike from the tax reform (TRAIN) in electric bills.

Tbonds may fetch higher yields:

The Bureau of the Treasury plans to raise as much as P20 billion during Tuesday’s auction which are likely to fetch higher yields after 10‐year US Treasury yields rose to their highest levels in three years last week. The fresh three-­year T‐bonds set to mature on Jan. 25, 2021. Traders exepects the fresh papers to rise around 4% to 4.325%.

記事提供:

 

この記事が気に入ったら
いいね!しよう

最新情報をお届けします

フィリピン株証券口座を「無料」で開設できます!

弊社がサポートすることで、日本に住む日本人の方でも簡単にフィリピンの大手証券会社「ヤップスター証券」にて、フィリピン証券口座が作れます。口座開設に関わるサポート料は「無料」です!

これから伸び行くアジアの雄「フィリピン」で株の売買をはじめましょう!

興味ある方は、下記のリンクを今すぐクリックしてください。