Nickel Asia Corporation (PSE: NIKL, RIC: NIKL.PS, BBG: NIKL.PM) reports 12% increase in sales volume for the nine-month period ended September 30, 2015 on a year-on-year basis, but that peso revenue slumped by as much as 40% for that same period YOY. We’ve seen soft metal prices, particularly LME Nickel price and nickel ore prices, in the last year or so, thus a huge drop in NIKL’s and similar mining companies’ revenue.
I’m attaching the press release in full below, but the main points can be summarized in the graphs that follow:
NIKL-Total Volume September YOY 2015 vs. 2014
Check out more graphs and read the full press release »
Absolute Traders produced a video interview with Jay Peñaflor, PSE Head of Market Education, to discuss stock investing, comparing it to fixed income investments, the PSE Trade, and tips on stock investing. You may watch the videos below.
What I really find interesting is the second video focusing on the PSE Trade system, which has the capability to allow trading of other investment instruments in the future like derivative instruments and even commodities. But what really looks more promising to me is the possibility to buy and sell ETF’s or Exchange Traded Funds.
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