Go Green

Finally, a new all time high :) I now officially have a green portfolio for 2011 coming from a -17% performance months ago. Thanks to LC, hopefully this will bring us lots of earnings for this year. I read and heard a lot of comments regarding the voluntary trading halt for PX-MA-LC. They were saying that this would result to a la PLDT-DGTL deal since MVP's hands are all over the place. Also, a lot were still not able to move on with the recent SMC whatever :) But of course, one would only need to know the story behind it to know that it is actually good news for all the companies involved in the deal, thankfully it did not result to "sell on news". I think LC has a long way to go especially with GF (Goldfields) and PX's prospect into it.

Foreigns were net sellers today by 320M and they sold the following:
BPI 39M, MBT 32M, PNB 52M, AP 32M, EDC 73M, AC 20M, MEG 31M

But they bought the following:
SECB 18M, MWC 19M, SMC 17M, URC 45M, JGS 72M, CEB 27M

Today's BizNews:

• Global private equity firm CVC Capital buying 15% stake in RCBC
• SMC nets P7.14b in Q1, up by 146% year on year
• Ayala corp topped Financeasia's list of Best company in PH in CSR
•  Manila Water best mid-cap
•  Best CEO Erramon Aboitiz
•  Best CFO Iker Aboitiz
• PLDT topped Financeasia's survey of "best managed" Philippine companies, also #1 in corporate governance, investor relations,dividend policy
• URC sees international business growing as large as PH business by 2014
• Robinsons Land putting up 2 new office buildings in Ortigas CBD
• Asian stocks tumble after Wall Street sell-off
• Petron declares dividends
• ICTSI records profit hike
• ABS-CBN Q1 profits down 10%

*BizNews c/o PDI, Bworldonline, Philstar

PSEi Daily: -0.53%
   Mining :  3.5%
 Services : -1.62%

Portfolio Daily Performance: 2.79%
Bought and sold some LC

My Portfolio(core):
EDC: 8.18%
LC: 29.55%
MPI: 2.5%

YTD Performance: 0.9662%
2011 Low: -17.2%

2010 Performance: 49.09%