Bloomberg News

BDO Unibank, Cebu Air, Metropolitan: Philippine Stocks Preview

December 13, 2011

Dec. 14 (Bloomberg) -- Shares of the following companies may have unusual moves in Philippine trading. Stock symbols are in parentheses and prices are as of the previous close, unless stated otherwise.

The Philippine Stock Exchange Index rose 0.1 percent to 4,282.62.

Banks: Philippine bank loans, net of overnight placements with the central bank, grew 22.2 percent in October from a year ago, data from the central bank showed. BDO Unibank Inc. (BDO PM), the nation’s largest bank by assets, increased 0.3 percent to 58.95 pesos. Metropolitan Bank & Trust Co. (MBT PM) gained 0.1 percent to 68.90 pesos.

Cebu Air Inc. (CEB PM): The largest Philippine budget carrier said it flew more than a million passengers in November, putting it on track to reach its goal of 12 million passengers for this year. The stock declined 2.1 percent to 66 pesos.

--Editors: Marie-France Han, Darren Boey

To contact the reporter on this story: Ian C. Sayson in Manila at isayson@bloomberg.net

To contact the editor responsible for this story: Darren Boey at dboey@bloomberg.net


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