1. SURPRISE! Inflation didn't peak, it got way worse
2. $ALTER: IPO approved with 100% primary
3. $MWIDE: declares surprise P0.50 special div, plans P1.5-B prefs sale
4. $GLO: core net income down 10% in FY22
Read on: https://t.co/7Rilt78Zed
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1. $MPI negotiating 35% stake in $AXLM for P5.3-B
2. $HI: signs jv docs for SPIA project
3. $BPI: fined P134-M for "bona fide error"
4. $RLC: might 2x warehouse and cold storage space in 2 years
Read on: https://t.co/LsztKeENch
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THE PHILIPPINES weathered record inflation and interest rate increases last year by posting the fastest economic growth since 1976 — one of the strongest in Asia amid a dreary global outlook. https://t.co/Afk6jvTQwc
CHP tender offer quick analysis from @colfinancial
- Tender offer price P1.3 is 30% above FV est
- No guarantee all shareholders can tender since Cemex will buy only 1.6B shares max
- Might not delist since float will still be ~10% post offer
Robinsons Retail said the merger would allow them to cross-sell products to BPI's customer base while also allowing RRHI suppliers access to BPI's financial products in order to fund their own capital requirements. https://t.co/jqfyLEPj0L
JUST IN: Inflation in the Philippines goes up even higher at 8.1 percent in December 2022 from 8 percent in November, bringing the full-year average to 5.8 percent, according to the Philippine Statistics Authority. | @RonWDomingoINQ /PDI
1. $DITO: confirms '23 capex down 46%
2. $SPNEC: land conversion done by end '23
3. $PSE: targets 14 IPOs this year
4. $DDMPR: 3-year plan lacks growth
5. MREIT key metrics trending lower
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My 2022 YE Review: Focused on coal ( $SCC ), consumer ( $URC , $RRHI, $DNL) and banking ( $SECB, $BPI ) sectors. Most profitable play is definitely $SCC/coal!. Onward to 2023!