Velric, Author at BodegaPik

Stock Re-Tweets (Oct 19, 2021)

Oct 19,2021

Energy storage JV of ACN-AMI in Vietnam gets grant. $ACEN & AMI $AC Renewable’s JV has been awarded US$2.962mn grant by the US Consulate General, Ho Chi Minh City for the 15MWh/7.5 MW Khanh Hoa Enegy Storage facility.

$AEV to seek shareholders’ clearance on $AP share sale. AEV will hold a special meeting on 10 Dec. 2021, to seek shareholders’ clearance for the sale of 1.84bn common shares in AP, equivalent to 25.01% equity block. No other details were given.

$BSC to buy majority of Filoil. BSC’s board approved the purchase of 60% in Filoil Energy Co. No other details were given on the matter. The firm got clearance for its planned increase in capital stock from P2.5bn, to P5bn, to fund energy projects & expand business operations

Oct 19,2021

PSEi opens at 7,236.26 up 16.45 points or 0.23 percent.

PSEi 7,286.04 up 66.23 points or 0.92 percent.

ACE Enexor to enter into a property-for-share swap with AC Energy Corporation

Ayala Corporation declares P6.56250 cash dividend for holders of its Preferred B Series 1 shares

AC Energy Corporation to raise ownership in UPC/AC Renewables Australia joint venture to 100%

Ayala Land, Inc. declares P0.1360 cash dividend per common share

Oct 19,2021

STOCK IN FOCUS

MEG close at P3.06. We expect the stock to remain potential trend reversal for as long as it stays above P2.90. We recommend taking this oppurtunity to accumalate near P3.00 and P2.96 support zones with resistance target of P3.30 and P3.70, place a strict mentalstop if the stock closes below P2.86

Oct 19,2021

$BSC: Eyes an equity investment of up to 60% in independent oil firm Filoil Energy Co. Inc.

$MPI: MPT Mobility Inc., a wholly-owned subsidiary of Metro Pacific Tollways Corp., plans to install electric vehicle charging stations in all of MPTC’s expressways next year.

Eco: The latest Department of Budget and Management data showed PH infra spending jumped 44.6% to P570.4 Bn from P394.5 Bn a year ago.

Eco: IHS Markit said the PH electronic sector is expected to sustain its growth amid the rising global demand for electronic products.

Oct 19, 2021 PSEi closes at 7,266.31 up by 46.50 pts (+0.64%)

$FMETF : Closed @ 110.30 iNav @ Php110.3188 vs. last NAV @ 110.3188

Oct 19,2021

COL FINANCIAL

Economy: Infra spending up 44.6% as of end-August

Economy: Oil prices climb as COVID recovery, power generators stoke demand

Economy: IMF sees shallow Philippine recovery in 2H21

Oct 19,2021

$ALI SVP Sells Share

$AEV President/CEO Buys Shares

$ACEN ACEN to raise ownership in UPC\AC Renewables Australia to 100%

$SHLPH Pilipinas Shell Petroleum Corp. New 52-Week High

MREIT REVENUES LEAP 6% in First QUARTER OF OPERATIONS

Velric Market News,REIT No Comments

5 Things to Know About the IPO of MREIT, Megaworld's REIT

In a disclosure MREIT (Megaworld REIT) stated that the REIT company of the largest country office landlord (Mega world), has recorded higher revenues with 6% to P711.2-million during the end quarter of September 2021. The back-rental income is calculated up to P583.7-million otherwise 5% is higher than the aim set in REIT Plan. In first full quarter concludes that MREIT’s operations required (10) prime. Mega World is grade A office assets in this year of June.

MREIT is ready to declare dividends within this month of October accordance with its REIT plan. The company is finding reasons into declaring dividends of at lest P0.24 per share. Subject are necessary to regulate approvals and board.

Kevin L. Tan, President and CEO, MREIT, Inc stated that

“This is just the initial tranche of dividends that we intend to declare for the current fiscal year 2022. Considering MREIT’s strong performance to date, as well as our improved outlook on office demand and the infusion of additional assets, we are confident of our ability to meet, if not surpass, our dividend projection for the year as indicated in our REIT plan. We thank all our investors for the trust and confidence to MREIT,”

MREIT earlier released a statement that it’s plan to double the portfolio size by 2024, and also to reach 1-miilion square meters in floor size by 2030. In next year, around 100,000 sqm. Of prime office assets will be introduce into MREIT. It also announced its plan to inject more assets from Uptown Bonifacio in BGC aside from the assets coming form Eastwood City, McKinley Hill, and Iloilo Business Park, Stated by Leechiu Properties in June. BGC still one of the highest rental rates among to others business districts in the country

MREIT aspires to be one of, if not, the largest office REIT in Southeast Asia on the strength of the company’s long runway for growth backed by Megaworld’s extensive office portfolio.

Stock Re-Tweets (Oct 19, 2021)

MREIT REVENUES LEAP 6% in First QUARTER OF OPERATIONS

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