EDC Tender Offer

Last August 3, 2017, Energy Development Corporation (“EDC”) requested for a voluntary trading suspension. It received a notice of tender offer from Philippines Renewable Energy Holdings Corporation (“PREHC”) to acquire 6.6 to 8.9 billion common shares, representing up to a third (31.7%) of it’s total outstanding common shares at a price of P7.25 per share.…

PSEi reshuffle

It is time once again for the semi annual re-composition of the Philippine’s main index, the PSEi. On February 22, 2017, the Exchange announced that Puregold Price Club, Inc. (PGOLD) will be replacing Emperador Inc. (EMP) in the 30-company index effective March 13, 2017. This means that we can expect the price of PGOLD to…

PSEi Changes: SECB in BLOOM out

On August 24, 2016, the Philippine Stock Exchange announced the changes in PSEi as part of its regular index review effective September 12, 2016. PSEi represents the cream of the crop out of the companies listed in the local bourse. Companies comprising the index are considered as blue chips. To qualify for the PSEi, the…

Market Meltdown

August 24, 2015. This will be the date that investors will remember for quite a while. Investors saw a massive selloff across all markets triggered primarily by China’s economic slowdown. Here’s a rundown of the of what happened that day: Dow: -3.5% S&P 500: -3.9% Nasdaq: – 3.8% FTSE 100: -4.72% Shanghai Composite: -8.49% Strait Times:…