*** Philippine stock picks thread ***

[Alchemy]

[SIZE=3]PSEi breach the 4,000 level today, high * 4,011.27 level but close lower * 3,968.29 with total value traded * 9.1 billion 50% of this traded value is foreign buying. [/SIZE]
[SIZE=3] [/SIZE]
[SIZE=3]Corporate earnings for 2010 is still growing coupled with the growing remittance of OFW. IMHO PSEi still have enough room for growth for this year though 5000 level will not happen this year but who knows maybe next year. Just be cautious with your trading. :smiley:[/SIZE]

[Monseratto]

http://ph.news.yahoo.com/gma/2010091...b-1da90e5.html

PSE gives Cebu Pacific IPO the thumbs up
GMANews.TV - Friday, September 17


.The Philippine Stock Exchange (PSE) has approved the P32.2 billion initial public offering (IPO) of Cebu Air Inc., operator of budget carrier Cebu Pacific Air.

In a disclosure, the airline operator said that the offer period in the Philippines will start on Oct. 12 and end on Oct. 19, with the tentative listing date under the symbol “CEBU" set for Oct. 25.

The domestic roadshow will start Sept. 24, while the international roadshow and bookbuilding is set for Sept. 27.

Cebu Air, which has postponed the IPO at least two times, recently revised the requirements of its initial share sale.

The budget carrier now wants to sell 186.64 million primary and secondary shares to raise P27.99 billion from a maximum offer price of P150 per share.

An overallotment of 27.99 million shares will add P4.19 billion to the offer.

In April, Cebu Air wanted to sell 235.56 million primary and secondary shares as well as an overallotment of 35.33 million shares at P95 apiece.

The company hired ATK KimEng Capital Partners Inc., Citigroup Inc., Deutsche Bank AG, and JPMorgan Chase & Co. as arrangers to the IPO.

Cebu Air expects to raise up to P4.46 billion from the sale of primary shares, proceeds of which will be used as pre-delivery payments for Airbus’ A320 aircraft for the next two years.

The current IPO is about a quarter more than Cebu Air’s P25.7 billion proposal in April, which was postponed due to the political uncertainty in the run up to May 10 national elections.

Cebu Air had wanted to hold the IPO as early as 2008, however, the plan was put on hold due to the global financial crisis.

Should the share sale finally push through in October, Cebu Air will be the first company to hold an IPO this year after Globe Asiatique Realty Holdings Corp., the property developer that figured in an alleged housing loan scam with state-run PAG-Ibig Fund, withdrew its offering earlier this week after its underwriter quit. —JE/VS, GMANews.TV

[lazyfoot]

This thread used to be fish feed... Quite lively these days... More bubble indicators perhaps?

Just like volumes in the stock market, the thread becomes active when stocks are going up and it's gonna be inactive once we start dumping the newbies high and dry. ;)
Yeah greed is starting to take over so i'm getting afraid now. I'm just happy now with the big payday i'm getting courtesy of this new crazy upswing and LC.

[c_cube]

^^^
i have no experience in investing on stocks and i have a very vague memory from college how this stuff works.

when i found out before that CEBPAC will enlist in IPO, im having thoughts of trying my luck in stocks

[uls]

bilis na

open a brokerage account

[c_cube]

tama ba? 150 petot per share?... parang may kamahalan for initial offer

[uls]

yep up from 95

[tidus1203]

Pero given the demand, good luck nalang sa allocation. Baka less than 100 shares lang makuha mo hahaha

Tandaan ko dati bumili ako ng GMA7 on IPO. I wanted 50,000 shares ata yun, sobrang konti gn allocation parang 500 lang ata nakuha ko hahahaha

Sold those GMA7 on opening day.

[Monseratto]

I remembered before some people used their employees, househelps, and relatives to buy those IPOs before...

[tidus1203]

Hahaha even maids. They don't even have money to buy IPO's hahahaha