Philippine Stock to watch august 9 2011, Cebu Air, Globe Telecom, Petron, PLDT

Indonesia stock info Philippine Stock to watch august 9 2011, Cebu Air, Globe Telecom, Petron, PLDT ; Shares of the following companies may have unusual price changes in Philippine trading. Stock symbols are in parentheses, and prices are as of the previous close, unless stated otherwise.

The Philippine Stock Exchange Index fell 2.4 percent to 4,331.24, its biggest percentage decline since Feb. 10.

Cebu Air Inc. (CEB) : The Philippines’ largest budget carrier finalized a firm order for the purchase of 30 Airbus SAS A321neo planes. The contract firms up a memorandum of understanding announced in June, the company said in a statement to the stock exchange yesterday. The stock declined 1.1 percent to 80.90 pesos.

Globe Telecom Inc. (GLO) : The nation’s second-largest telecommunications company in a statement said regulator National Telecommunications Commission must revoke licenses issued to Philippine Long Distance Telephone Co. (TEL) and units amid an issue on its foreign ownership.

Globe fell 1.1 percent to 945 pesos. PLDT dropped 2 percent to 2,362 pesos.

Petron Corp. (PCOR) : The country’s largest oil company reported a net income of 6.04 billion pesos ($141.6 million) in the first half of the year on revenue of 134.9 billion pesos, it said in a disclosure to the stock exchange yesterday.

Combined profit in the first and second quarters of 2010 was 2.94 billion pesos, according to Bloomberg data. The stock fell 4.8 percent to 15.04 pesos.

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