ACCORD CAPITAL EQUITIES CORPORATION

GF EC-058B East Tower, PSE Center, Exchange Road, Ortigas Center, Pasig City, PHILIPPINES 1605 (632)687-5071 (trunk)
DISCLOSURES REVIEW_Week 49_December 10, 2010_Friday
www.pse.com.ph as of 1302H

CORPORATE NEWS & DEVELOPMENTS:

PE 1
Last 2009 Market-to- Techncial
STOCK 52-wk range (ann Support Resistance
Trade PE range Book Outlook
2010)
AT 16.540 8.80 – 19.98 (155x) (1.4x) – (5.2x) - 13.650 17.500 SELL
JGS 24.250 5.20 – 27.00 9.7x 1.4x – 5.2x 1.7x 21.500 26.000 BUY/HOLD

ATLAS CONSOLIDATED MINING & DEVELOPMENT CORPORATION [pse: AT]

(disc. no. 7987) PRESS RELEASE ON SHIPMENT
Carmen Copper Corporation (CCC) completed its 19th shipment of copper concentrates for the current year. The shipment
consigned to Dongying Fangyuan Nonferrous Metals Co. in Quingdao, PROC is valued at approximately US$9.063 million at a
contractually set price of US$6,615.00/metric ton. Since the resumption of operation at the Toledo mine in Cebu a total of
157,656 dmt have been shipped to China and Korea smelters. Previous shipments for the year have reached an aggregate of
97,995.62 wet metric tons to various smelters in China and
Korea, the latter taking up 10.5% of the total. Consignees in
China include Dongying Fangyuan Nonferrous Metals Co,
Jiangxi Copper Co. Ltd., the Jinchuan Group, Jinlong Copper,
Liazhou Fangtai Metallurgy and Yanggu Xianggang Copper
Co. Ltd. The lone South Korean consignee is LS Nikko
Copper, Inc.

Technical indications are not promising as at the end of

trades Friday. STO (10,3) broke under the trigger line,
falling below the “conservative” overbought level of 70. Price
has managed an almost indiscernbile two-week rising trend
off its php15.36 low in mid-November. Stretching it, the
stock has entered into a consolidation phase with bias very
slightly positive. MACD (12,9,26) is almost level,
strengthening the price suggestion of a sideways movement
while OBV shows a gradual distribution. Taken together, the
long-term outlook remains pretty stable (potentially a
HOLD) but the near-term suggestion is to lighten positions
with a possible buy-back proposition near indicated support
levels.
JG SUMMIT HOLDINGS, INC [pse: JGS]
(disc. no. 2010-7995) EQUITY FUND RAISING; SPECIAL
STOCKHOLDERS' MEETING
The Board has proposed an equity fund raising consisting of
a placing and subscription transaction which will be
presented to shareholders of record December 23, 2010 at a
Special Meeting on January 27, 2011 for approval. Likewise,
the increase in its Authorized Capital Stock by php40 billion
through the creation of 4 billion voting and non-redeemable
preferred shares with a par value of php0.01. The placing
&/or subscription will be implemented in two stages: (1)
sale of 2,087 million shares by the Gokongwei Family and
(2) subscription by the same to, and the issuance by the
Corporation of, an equal number of shares as was sold, with
such newly-issued shares being listed as soon as
practicable.

Stock price has traded between php21.50-27.00 range since

mid-September, mostly above the midpoint of php24.00. STO
leaves room for an upside, MACD lends stability to the

DISCLAIMER: THE MATERIAL CONTAINED IN THIS PUBLICATION IS FOR INFORMATION PURPOSES ONLY. IT IS NOT TO BE REPRODUCED OR COPIED OR MADE
AVAILABLE TO OTHERS. UNDER NO CIRCUMSTANCES IS IT TO BE CONSIDERED AS AN OFFER TO SELL OR A SOLICITATION TO BUY ANY SECURITY. WHILE THE
INFORMATION HEREIN IS FROM SOURCES WE BELIEVE RELIABLE, WE DO NOT REPRESENT THAT IT IS ACCURATE OR COMPLETE AND IT SHOULD NOT BE RELIED UPON
AS SUCH. IN ADDITION, WE SHALL NOT BE RESPONSIBLE FOR AMENDING, CORRECTING OR UPDATING ANY INFORMATION OR OPINIONS CONTAINED HEREIN. SOME OF
THE VIEWS EXPRESSED IN THIS REPORT ARE NOT NECESSARILY OPINIONS OF ACCORD CAPITAL EQUITIES CORPORATION ON THE CREDIT-WORTHINESS OR
INVESTMENT PROFILE OF THE COMPANY OR THE INDUSTRIES MENTIONED.
DAILY Report Page 1 of 2
ACCORD CAPITAL EQUITIES CORPORATION
GF EC-058B East Tower, PSE Center, Exchange Road, Ortigas Center, Pasig City, PHILIPPINES 1605 (632)687-5071 (trunk)
DISCLOSURES REVIEW_Week 49_December 10, 2010_Friday
www.pse.com.ph as of 1302H

movement, with at least a continuation of the present consolidative bias.

PNOC EXPLORATION CORPORATION [pse: PEC]

(disc. no. 2010-7988) ENERGY INFRASTRUCTURE PROJECTS
In response to the growing need to expand energy generation capacity and in line with the government's PPP strategy, the
Company is set to undertake four (4) energy infrastructure projects: 50MW ISABELA COAL MINE & POWER PLANT, 80MW
BATANGAS GAS POWER PLANT, 100MW MALANGAS COAL-FIRED POWER PLANT in Zamboanga Sibugay, and the BATAAN
GAS RECEIVING TERMINAL. All are in the planning and market study phases. The Company also holds interests in eight (8)
Petroleum Service Contracts and five (5) Coal Operating Contracts across the country. In a related disclosure (2010-8004)
the Company confirmed reports it is setting aside php5.0 billion for these projects. In addition, it is targeting to increase its
net income to php2.08 billion in 2011 from its estimated php1.9 billion result this year,

DISCLAIMER: THE MATERIAL CONTAINED IN THIS PUBLICATION IS FOR INFORMATION PURPOSES ONLY. IT IS NOT TO BE REPRODUCED OR COPIED OR MADE
AVAILABLE TO OTHERS. UNDER NO CIRCUMSTANCES IS IT TO BE CONSIDERED AS AN OFFER TO SELL OR A SOLICITATION TO BUY ANY SECURITY. WHILE THE
INFORMATION HEREIN IS FROM SOURCES WE BELIEVE RELIABLE, WE DO NOT REPRESENT THAT IT IS ACCURATE OR COMPLETE AND IT SHOULD NOT BE RELIED UPON
AS SUCH. IN ADDITION, WE SHALL NOT BE RESPONSIBLE FOR AMENDING, CORRECTING OR UPDATING ANY INFORMATION OR OPINIONS CONTAINED HEREIN. SOME OF
THE VIEWS EXPRESSED IN THIS REPORT ARE NOT NECESSARILY OPINIONS OF ACCORD CAPITAL EQUITIES CORPORATION ON THE CREDIT-WORTHINESS OR
INVESTMENT PROFILE OF THE COMPANY OR THE INDUSTRIES MENTIONED.
DAILY Report Page 2 of 2