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
PSEi climbs on last-minute buying, eased lockdown
May 14, 2021 | 6:43 pm
COURTESY OF PHILIPPINE STOCK EXCHANGE, INC.
THE MAIN INDEX went up on Friday on last-minute buying and after the government announced updated quarantine restrictions on Thursday.
The Philippine Stock Exchange index (PSEi) gained 32.96 points or 0.52% to close at 6,269.36 on Friday, while the all shares index lost 7.02 points or 0.18% to end at 3,850.98.
COL Financial Group, Inc. Chief Technical Analyst Juanis G. Barredo said the PSEi closed “miraculously” after “buy-on-close” brokers lifted the market, “creating an artificially positive close and bewildering many.”
“Unfortunately, this artificial climb may have to naturally adjust down and normalize on the next trading day,” Mr. Barredo said in a Viber message.
BusinessWorld
May 7, 2021 | 12:10 am
Keren Concepcion G. Valmonte
MONDE Nissin Corp. has set the final price of its maiden offering to P13.50, around 23% lower than the P17.50 ceiling declared in its registration statement after receiving advisory from its banking partners.
“Upon the recommendation and after consultation with the joint global coordinators and joint bookrunners, the offer price for the initial public offering of Monde Nissin Corp.’s common shares has been fixed at P13.50 per common share,” the company said in a disclosure on Thursday.
The Lucky Me! noodles manufacturer initially said it would offer 3.6 billion common shares, with an overallotment option of up to 540 million shares.
BusinessWorld
May 4, 2021 | 9:00 pm
COURTESY OF PHILIPPINE STOCK EXCHANGE, INC.
SHARES declined on Tuesday after a survey showed the country’s manufacturing activity went down last month and as investors stayed on the sidelines ahead of the release of April inflation data on Wednesday.
The Philippine Stock Exchange index (PSEi) lost 10.13 points or 0.15% to close at 6,359.15 on Tuesday, while the broader all shares index went down by 16.18 points or 0.41% to finish at 3,906.82.
“The bourse ended slightly lower as investors digested the recently released factory activity for the month of April,” Timson Securities, Inc. Trader Darren Blaine T. Pangan said in a Viber message.
Shares seen to rise as more firms post earnings data bworldonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bworldonline.com Daily Mail and Mail on Sunday newspapers.