MARKET HEADLINE: SHORT SELLING BY OCTOBER

Rizal Commercial Banking Corporation
#11
(08-04-2011, 04:33 PM)Spyfrat Wrote: parabolic Big Grin

Uy...thanks master SPY ...ok lng di ceiling basta derederecho hihiihh
"The gut-feel of the 55-year old trader is more important than the mathematical elegance of the 25-year old genius."
-Alan Greenspan-
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#12
RCBC profit up 5.4% to P2.23 billion in H1


MANILA, Philippines - Rizal Commercial Banking Corp. (RCBC) reported a net income of P2.23 billion in the first six months of 2011 or 5.4 percent more than the P2.11 billion earned in the same period in 2010, the bank said in a statement.

For the whole of 2010, the universal bank of the Yuchengco Group of Companies reported net earnings at P4.25 billion, the first time the bank breached the P4-billion earnings level.

The double-digit growth in loans and other income sources, as well as fresh capital infusion, boosted the bank’s first semester performance.

Net interest income reached P5.37 billion and other operating income hit P3.94 billion, growing by 23.8 percent due to: the 12.6-percent growth in service fees and commissions; 12.8-percent expansion in trust fees commissions; and another 54-percent growth in trading gains and foreign currency trading. In fact, RCBC’s net interest margin of 4.2 percent is among the highest in the industry.

Total consolidated resources reached P 301 billion, or 6.38 percent higher than the P283 billion posted in the same period last year.

Loans grew to P162.92 billion as corporate loans rose by 10 percent and SME loans by eight percent. Parent bank loans and investments grew 12.8 percent year-on-year.

On the other hand, its non-performing loan (NPL) ratio dropped to 2.36 percent from the previous year’s 4.73 percent.

Capital funds grew 19.7 percent to P37.61 billion from P31.42 billion last year.


Recently, the International Finance Corp. (IFC) invested P2.1 billion in RCBC while CVC (one of the biggest private equity funds in the world) signed an agreement to purchase P5 billion worth of RCBC shares, inclusive of P3.7 billion in new capital. Both placements are at P29 per share.

As of the end of June 2011, RCBC manages 373 branches, including the 10 branches of J.P. Laurel Bank and two branches of Rizal Microbank. It also operates 652 ATMs.

The expansion of its distribution channels through increasing the number of its branch and ATM networks, the addition of more features to its electronic banking facilities and the recent partnership with Mercury Drug, which launched the RCBC MyWallet Mercury Drug Card, all contributed to the double-digit growth in deposits, RCBC said.


Source: philstar.com

http://www.philstar.com/Article.aspx?pub...eId=715356
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#13
http://www.pse.com.ph/html/disclosure/pd...21_RCB.pdf

CVC capital partners acquires 15% stake at RCBC
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#14
Merger of 2 RCBC units OKd
By: Doris C. Dumlao
Philippine Daily Inquirer

http://business.inquirer.net/16299/merge...-units-okd
the key to trading success is to focus on how much money is at risk, not how much money you can make.

trading is simple, but it's not easy. if you want to stay in the business, leave hope at the door, focus on specific setups, and stick to your stops.
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#15
its alive . . . its alive! ano kaya balita?
The World is a Vampire . . .
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#16
(09-02-2011, 10:42 AM)StockJunkie Wrote: its alive . . . its alive! ano kaya balita?

wala lang me private placement lang
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#17
martha vinzons attributed it to ATR KimEngs reco. Cited upbeat earnings etc.
The World is a Vampire . . .
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#18
(09-02-2011, 10:54 AM)StockJunkie Wrote: martha vinzons attributed it to ATR KimEngs reco. Cited upbeat earnings etc.
All i can say is turn off anc and look at the col chart, they have a tendency to give a hindsight not a foresight imo (640 posts and counting)
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#19
Aw shucks! How can you turn it off with ginger and gretchen on it! haha!
The World is a Vampire . . .
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#20
Rizal Commercial Banking Corp. (RCB)
Recommendation: Buy on weakness

A&A SECURITIES, Inc. has placed a “buy on weakness” tag on Rizal Commercial Banking Corp. (RCBC) shares, saying their price will likely drop following a 7% increase last week.

http://www.bworldonline.com/Research/sto...p?id=0825a
the key to trading success is to focus on how much money is at risk, not how much money you can make.

trading is simple, but it's not easy. if you want to stay in the business, leave hope at the door, focus on specific setups, and stick to your stops.
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