Sunday, August 23, 2009

Philippine Stocks Listed on New York (NYSE) and American Stock Exchange (AMEX)

If you have been looking for Philippine companies that can be traded on the New York (NYSE) and American (AMEX) stock exchanges, there isn't that many to choose from. In fact, there is really only one Philippine company, and that is the Philippine Long Distance Company (PLDT) [NYSE: PHI]--the nation's largest telecommunications company.

Here is the company's profile:

Philippine Long Distance Telephone Company (PLDT) is a diversified telecommunications company in the Philippines. Smart Communications, Inc. (Smart), PLDT's wholly owned subsidiary, is the cellular service provider in the country. The Company operates through three segments: Wireless, Fixed Line, and Information and Communications Technology (ICT). On June 4, 2008, PLDT acquired the fixed line assets of Pilipino Telephone Corporation (Piltel). On March 24, 2008, ePLDT, Inc. (ePLDT) acquired additional shares from Airborne Access Corporation (Airborne Access) thereby increasing its 51% ownership interest to 99.4%. On May 1, 2008, Smart Broadband, Inc. (SBI) acquired from ePLDT the 99.4% equity ownership in Airborne Access. On April 28, 2008, Smart acquired PH Communications Holdings Corporation (PHC) and Francom Holdings, Inc. (FHI), which collectively own 100% of Connectivity Unlimited Resources Enterprises.

Manulife Financial [NYSE: MFC] and Sun Life Financial [NYSE: SLF] are also traded on NYSE, but they are more of international companies than primarily Philippine-based.

There are, however, other Philippine stocks that can be traded through Pink Sheets or OTC, like SM Prime Holdings [PINK: SPHXF], SM Investments [PINK:SVTMY], San Miguel Corporation [OTC:SMGBY], Manila Electric Company (Meralco) [PINK:MERAY], etc.

1 comment:

Everlito (ever) Villacruz said...

informative! nice post!

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