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PSE and MOBILIST host dialogue on capital markets

The Philippine Stock Exchange, Inc. (PSE) hosted the Capital Markets Policy Dialogue organized by the UK Foreign, Commonwealth and Development Office (FCDO) and MOBILIST on Wednesday, October 23, 2024. “We are grateful to the UK FCDO and MOBILIST for putting together this forum and bringing together various capital market stakeholders who presented and discussed updates on…
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PSE forum tackles what going public entails

The Philippine Stock Exchange, Inc. (PSE) staged The Road to IPO 2024 forum on Tuesday, October 22, 2024 to help PSE LEAP clients and other potential listing applicants better understand the process and prospects of becoming a publicly listed company. The Road to IPO 2024 was co-presented by the Securities and Exchange Commission (SEC) and…
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PSE joins global Ring the Bell for Financial Literacy

The Philippine Stock Exchange, Inc. (PSE) participated in the Ring the Bell for Financial Literacy campaign of the World Federation of Exchanges (WFE) through a closing bell ceremony on Wednesday, October 9, 2024. Over sixty WFE member organizations took part in the Ring the Bell for Financial Literacy 2024, in support of World Investor Week…
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PSE seeks public comment on proposed rules for Global Philippine Depositary Receipts

The Philippine Stock Exchange, Inc. (PSE) requested equities market stakeholders to review and give their comments on the proposed rules prepared by the Exchange for Global Philippine Depositary Receipts (GPDR). GPDRs are peso-denominated instruments representing economic interest in an underlying security listed on an overseas stock exchange, where the holder does not possess voting rights…
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Petron Corporation lists FOO shares

Petron Corporation (PCOR) raised Php 16.83 billion from the follow-on offering (FOO) of its Series 4D and 4E preferred shares. The said shares were listed on the Philippine Stock Exchange (PSE) under the stock symbols, PRF4D and PRF4E, respectively. The Series 4D and 4E preferred shares were taken from the second tranche of PCOR’s Series…
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PSE signs MOU with Taiwan Stock Exchange

The Philippine Stock Exchange, Inc. (PSE) and Taiwan Stock Exchange (TWSE) entered into a Memorandum of Understanding (MOU) that will formalize and strengthen the relationship between the two bourses. PSE President and CEO Ramon S. Monzon and TWSE Chairman Sherman Lin led the MOU signing ceremony on August 20, 2024, at TWSE Headquarters in Taipei,…
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PLCs deliver 1H24 financial results and corporate update through PSE STAR: Investor Day

The Philippine Stock Exchange, Inc. (PSE) staged a three-day STAR (Strengthening Access and Reach): Investor Day 1H2024online event featuring 13 publicly listed companies (PLCs) that apprised equity analysts, fund managers, and institutional and retail investors on mid-year earnings and corporate developments. PSE STAR: Investor Day was co-presented by Bloomberg L.P., with the Fund Managers Association of…
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PSE posts P398M net earnings in 1H24

The Philippine Stock Exchange, Inc. (PSE) reported a net income of Php 398.02 million in the first six months of 2024, down by 4.7 percent year-on-year from Php 417.51 million. The company’s operating revenues were lower by 2.3 percent to Php 722.75 million. Decline in operating revenues was attributed to the 10.7 percent dip in average trading…
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PSE Index Review: No change in PSEi composition

The Philippine Stock Exchange, Inc.’s (PSE) regular index review covering the July 2023 to June 2024 trading period showed the 30 companies comprising the PSE index (PSEi) will stay as is. The current PSEi members remain to be among the top stocks in terms of market capitalization, liquidity, and free float level. “The index review…
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13 listed firms slated to join PSE STAR: Investor Day 1H24 briefing

The mid-year edition of PSE STAR: Investor Day will see the participation of 14 publicly listed companies in a live briefing scheduled from August 14 to 16, 2024. As in previous runs, the virtual event will showcase executives and investor relations officers of PLCs who will discuss their financial performance during the first six months…
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SM Prime Holdings, Inc. commemorates 30th listing anniversary

The Philippine Stock Exchange, Inc. (PSE) marked the 30th listing anniversary of SM Prime Holdings, Inc. (SMPH) with a bell ringing ceremony on Tuesday, July 23, 2024. SMPH had its stock market debut on July 5, 1994 after raising close to Php 6 billion from the sale of primary and secondary shares during its initial public…
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ASEAN Exchanges Commit to Advance ASEAN as an Attractive Region at the 37th ASEAN Exchanges CEOs Meeting hosted by Bursa Malaysia

Penang, Malaysia, 16 July 2024 – Bursa Malaysia Berhad (“Bursa Malaysia”) hosted the 37th ASEAN Exchanges CEOs Meeting on 12 July 2024, bringing together CEOs from the six major exchanges in ASEAN to discuss initiatives aimed at making the region more competitive, particularly by focusing on the sustainability ecosystem and regional market connectivity. The meeting…
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Chinabank starts trading under new stock ticker symbol, CBC

The Philippine Stock Exchange, Inc. (PSE) and China Banking Corporation (CBC) held a special bell ringing ceremony to mark the first time that Chinabank will be traded under the stock symbol, CBC, effective Wednesday, June 19. “I believe this is an auspicious time for Chinabank to do this rebranding exercise given its rosy prospects, after…
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Citicore Renewable Energy Corp. lists P5.3B IPO shares

Citicore Renewable Energy Corporation (CREC) marked its stock market debut on the Philippine Stock Exchange (PSE) with the listing of 1.78 billion primary and 178.57 million overallotment shares on the main board of the Exchange. CREC raised Php 5.30 billion from its IPO, which will be mainly used for the development of solar energy power…
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PSE registers P242M net income in Q124

The Philippine Stock Exchange, Inc. (PSE) posted a 19.3 percent increase in its net income in the first quarter of 2024 to Php 242.38 million from Php 203.16 million in the same 2023 period. The higher earnings result was mainly due to the 207.0 percent improvement in other income to Php 120.17 million, on account…
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PSE fetes Alliance Global Group on its silver listing anniversary

The Philippine Stock Exchange, Inc. (PSE) celebrated the 25th listing anniversary of Alliance Global Group, Inc. (AGI) through a bell ringing ceremony. AGI had its stock market debut on April 19, 1999 after selling 88 million shares at Php 1.27 apiece in its initial public offering. AGI is involved in property development, food and beverage manufacturing…
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Cebu Landmasters, Inc. raises P4.28B from Series A preferred shares

Cebu Landmasters, Inc. (CLI) had its first equity capital raising after its 2017 maiden offering. The property firm raised Php 4.28 billion from the sale of Series A-1 and Series A-2 preferred shares. The shares were listed on the Philippine Stock Exchange (PSE) under the ticker symbol CLIA1 and CLIA2.  “This offering was 1.43 times…
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PSE EASy rolls out new features

The Philippine Stock Exchange, Inc. (PSE) has added new features on its PSE Electronic Allocation System (PSE EASy) website, a platform that enables Local Small Investors (LSIs) to participate in initial public offerings (IPOs) and follow-on offerings (FOOs). PSE EASy now has an integrated electronic payment system that enables LSIs to pay for subscribed shares…
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PSE marks women’s month with ring the bell program

The Philippine Stock Exchange, Inc. (PSE) joined 121 member-organizations of the World Federation of Exchanges (WFE) in raising awareness on the importance of gender equality and women empowerment through the Ring the Bell for Gender Equality program. In his message, PSE COO Atty. Roel A. Refran cited results of the December 2023 Asia Regional Report…
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PSE launches Embracing the IPO Mindset campaign

The Philippine Stock Exchange, Inc. (PSE) hosted a forum dubbed Road to IPO: Embracing the Growth Mindset for its Listing Engagement and Assistance Program (LEAP) clients on February 28, 2024. The event showcased the launch of the Embracing the IPO Mindset video featuring CEOs of seven publicly listed companies (PLCs) who narrated why they chose…
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PSE and Department of Migrant Workers ink MOU for financial literacy initiatives

The Philippine Stock Exchange, Inc. (PSE) and the Department of Migrant Workers (DMW) signed a Memorandum of Understanding (MOU) to collaborate in financial literacy initiatives for Overseas Filipino Workers (OFWs). The MOU covers the conduct of learning sessions for OFWs and their families as well as development of materials intended for migrant workers. An online…
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A Brown lists Series B and C preferred shares

A Brown Company, Inc. (BRN) concluded its follow-on offering (FOO) with the listing of its Series B and Series C preferred shares on the Philippine Stock Exchange (PSE). The property company raised Php 1.44 billion from the share sale, which will be used for pipeline real estate projects, landbanking, and other general corporate purposes. PSE…
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Century Properties Group raises P2B from preferreds sale

Century Properties Group, Inc. (CPG) listed its Series B preferred shares on the Philippine Stock Exchange (PSE) under the stock symbol CPGPB. CPG raised Php 2 billion from the share issuance which will be used to finance the principal payment of CPG fixed rate 3-year bonds. In his welcome remarks during the listing ceremony, PSE President and CEO…
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PSE to implement VWAP trading on March 1

The Philippine Stock Exchange, Inc. (PSE) will open Volume Weighted Average Price (VWAP) trading on Friday, March 1, 2024. This comes after the Securities and Exchange Commission approved PSE’s VWAP Trading Rules as well as the briefing of trading participants (TPs) and onboarding of authorized traders of TPs interested in this facility. “The ability to…
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PSE clears first IPO for 2024

Citicore Renewable Energy Corporation will open the 2024 initial public offering (IPO) season at the Philippine Stock Exchange (PSE).The renewable energy (RE) firm, which will trade under the ticker symbol CREC, will be selling up to 2.90 billion primary shares, with an overallotment option of 435 million secondary shares. CREC’s offer period is tentatively scheduled…
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Top Frontier Investment Holdings celebrates 10th listing year

The Philippine Stock Exchange, Inc. (PSE) presented Top Frontier Investment Holdings, Inc. (TFHI) with an anniversary plaque to mark TFHI’s first decade as a publicly listed company. The holding firm, which is the largest shareholder of San Miguel Corporation (SMC), listed by way of introduction at the PSE on January 13, 2014. In his welcome…
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