BPI is rising even while the PSEi remains unsure of itself

BPI's stock closed at 62.5 two days in a row. It had a high of 63.50 today. The last time I saw BPI at this price level was when the index was at around 3500. It also keeps popping up among the top traded stocks.

This might be why its rising:

Bank of the Philippine Islands (BPI) said that its common shareholders will receive:
1) a regular cash dividend of 90 centavos per share on Feb. 5.
2) A special cash dividend of 1 peso per share on February 20.


As a reminder, here are a few reasons why one might want to buy some of this stock while its relatively cheap and why those who have some should smile:

some nice stats:
-BPI is the country's biggest bank by market value (technistock)

- BPI previously reported net profit of 7.6 B pesos for the first nine months of 2007, up 11 percent from a year earlier, on gains from service charges and commissions, insurance business, and asset sales. (technistock)

some good forecasts:
-BPI expects its loan portfolio to grow 12 percent, following an 11 percent expansion last year.
-BPI expects growth of 6.0-6.2 percent for the domestic economy, with brisk domestic demand offsetting the impact of a possible global economic slowdown. (technistock)

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