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Santa Claus and the power of 3


Published December 22, 2020, 6:00 AM
Historically, the month of December tends to be strong for stock market investors. At the Philippine Stock Exchange (PSE), the so-called Santa Claus rally is underway and this is attributed to news about the various COVID-19 vaccines’ rollout ongoing in several countries as well as lower unemployment and improved manufacturing levels in the country during the fourth quarter.
There’s a saying that “all good things come in threes” which dates back to medieval times. In terms of symbolism, the number three is assigned a special role across many cultures and religions such as the Holy Trinity and the Three Wise Men in the Christian bible. Even in politics, “third time’s the charm” applies to candidates who succeed after three attempts, like US President-elect Joe Biden who sought his party’s nomination three times and made it on the third try. ....

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DFNN shares climb on online license grant – The Manila Times


Listed DFNN Inc. saw its shares soar last week, following its recent announcement of securing a license from the Philippine Gaming and Amusement Corp. (Pagcor) to operate its online gaming platform.
The shares of DFNN gained 16 centavos or 2.91 percent to close at P5.66 apiece on Friday, prompting the stock to improve by 26-percent week-on-week.
AAA Equities head of research Christopher Mangun said the company’s shares got a boost after Pagcor granted its subsidiary a license to operate an online gaming platform.
Last week, DFNN announced that its subsidiary, Inter-Active Entertainment Solutions Technologies Incorporated (IEST), received the country’s first license to operate an online gaming platform. ....

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