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CEBU, Philippines — The Core Pacific Group and GMall of Cebu booted out their respective rivals to set up a championship showdown in Division A of the Sacred Heart Ateneo Alumni Basketball Athletic Association (SHAABAA) Season 27 at the SHS-AdC Magis Eagles Arena in Barangay Canduman, Mandaue City.
Pryce Corporation [PPC 7.85 ?8.4%; 148% avgVol] [link] teased its Q2 Quarterly Report by revealing that its H1 net income was P1.32 billion, up 61% y/y from its H1/23 net income of P0.82 billion. PPC noted that its consolidated revenues were “flat”, but that its gross profit went up by 29% due to “improvement of LPG margins in Luzon.” PPC said that its H1 performance was a company record. On a quarterly basis, the H1 net income implies a Q2 net income of P607 million, up 97% y/y from its Q2/23 net income of P308 million, but down 15% q/q from its Q1/24 net income of P713 million.MB BOTTOM-LINE: Pryce has several business segments (including real estate and pharmaceutical products) but its revenue is dominated (>93%) by its LPG business, Pryce Gases. PPC has been one of those frustrating stocks where the company has a good business in a high-demand sector, but the stock price just doesn’t seem to move in a way that feels commensurate with that positioning. Things are changing. PPC’s stock is now trading above its 2017 peak and is up around 50% year-to-date. It’s up 105% from its COVID low. PPC used to be sleepy, but now it’s moving! Long-time holders are finally getting their rewards. Perhaps the interest in the last quarter is part of the broader pump in oil exploration stocks like PXP [PXP 3.71 ?7.0%; 95% avgVol] and ENEX Energy [ENEX 5.80 ?5.1%; 76% avgVol]; PPC has an interest in Palawan55 with rights to explore and drill Service Contract 55 in the West Philippine Sea.
MANILA, Philippines – The Rain or Shine Elasto Painters survived a massive scare against reigning UAAP champions La Salle to escape the Green Archers, 106-105, in the 39th Kadayawan Invitational Thursday night in Davao City.
LILLE, France – Kevin Durant, who missed all five of the USA's warm-up games with a calf strain, practiced on Wednesday (Thursday Manila time) upon the team's arrival in France ahead of the defense of their Olympic basketball title.
MANILA, Philippines -- UAAP champion La Salle along with PBA’s Rain or Shine, Phoenix and Converge will slug it out in the 39th Kadayawan Invitational Basketball Tournament in Davao City.
MANILA, Philippines — At least three to four typhoons are needed for Angat Dam to finally reach the normal high water level despite the intense rains brought by the southwest monsoon that was enhanced by Typhoon Carina, according to the Metropolitan Waterworks and Sewerage System (MWSS).
MANILA, Philippines — Amid the flurry of images and stories about last Wednesday’s typhoon and catastrophic flooding, a one-minute video of an unidentified man rescuing an abandoned dog trapped in chest-deep floodwaters won the hearts of netizens.
MANILA, Philippines — At least 21 people died, 15 were injured and five reported missing in the wake of the southwest monsoon enhanced by Typhoon Carina, the Philippine National Police (PNP) reported yesterday.