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BusinessWorld
May 25, 2021 | 12:08 am
Valmonte
THE growing number of companies offering or expressing interest in tapping the real estate investment trust (REIT) market signal confidence in the capital market, but their dividends will be watched by investors, analysts said.
âIt shows that companies feel that the capital market is a good place to raise money, and it also shows that there are available investors ready to take them,â Juanis G. Barredo, chief technical analyst of COL Financial Group, Inc., said in a Viber message last week.
âIf they feel or sense otherwise, they [will] defer such offerings,â he added.
Rizal Commercial Banking Corp. (RCBC) Chief Economist Michael L. Ricafort said seeing more companies offer REITs is âa good signal on the further progress and development of the countryâs capital market.â
BusinessWorld
May 14, 2021 | 12:09 am
THE Philippine Stock Exchange (PSE) has tapped top executives of listed firms to share their successful initial public offering (IPO) experiences in a bid to encourage more companies to list at the local bourse.
“What better way to embolden companies to conduct an IPO than to hear meaningful insights from those who have successfully gone through the IPO route, and continue to reap the benefits of being a listed company,” Ramon S. Monzon, president and chief executive officer (CEO) of the PSE, said in a statement on Thursday.
The PSE said it wants business leaders to realize that an IPO listing is “a catalyst to propel their companies to a higher level of growth and maturity.”
BusinessWorld
April 22, 2021 | 12:10 am
Pre-selling of 2,251 new rooms set this year, with P11-B expected sales
DOUBLEDRAGON Properties Corp. will begin preselling for three new Hotel 101 hotel projects this year, which will add 2,251 new rooms to the company’s hotel portfolio.
In a statement disclosed to the exchange on Wednesday, DoubleDragon Properties said it will be launching Hotel 101-Cebu, Hotel 101 Resort-Boracay, and Hotel 101-Libis in the next three quarters.
“The completion of these new Hotel 101 projects will be perfectly timed with the full recovery and anticipated rebound in the tourism industry in the Philippines,” Hannah Yulo-Luccini, chief investment officer at DoubleDragon Properties, said.