October 15, 2021

MPT Mobility will also start installing electric vehicle (EV) changing stations along its expressways in 2022.  This includes NLEx, CAVITEx & CALAx, on top of EV charging stations in parking lots.

MPT Mobility from $MPI unit.  MPI’s Metro Pacific Tollways Corp. (MPTC) launched MPT Mobility, to house all non-toll-related enterprises.  The one would be effective 14 Oct. 2021.  MPT Mobility would soon go online, covering 7 new business units offering digital solutions for

2021 GDP target achievable.  Duterte’s administration is confident to achieve its 2021 GDP target of 4%-5%, as the economy reopens in 4Q.

$SPC forays into RE.  SPC shareholders approved the change in its primary purpose to include the business of exploration, development & utilisation of renewable energy (RE).  No other details were given.

Finance chief Dominguez III however, said 3Q GDP would be ‘lower’ vs. 2Q’s +11.8%, due to restrictions from the Delta variant.  BSP said accelerated vaccination would be key to recovery.

$JFC’s preferred float oversubscribed.  JFC’s P12bn follow-on offer of preferred shares was oversubscribed by 3.11x.  JFC offered total of 12mn Series A preferred with 3.2821% rate, Series B at 4.2405%.  It allocated over allotment option of 4mn shares.

$SPC forays into RE. SPC shareholders approved the change in its primary purpose to include the business of exploration, development & utilisation of renewable energy (RE). No other details were give

October 15, 2021

October 15, 2021: PSEi closed at 7,213.46 up 30.35 points or 0.42 percent. #PSEiupdate Volume turnover: 1.22B shares Value turnover: ₱10.55B Foreign buying: ₱5.06B Foreign selling: ₱4.79B Net foreign buying: ₱274.53M

Aboitiz Equity Ventures announces intention to exercise its optional redemption to redeem its entire outstanding 10-year fixed-rate retail bonds

LSI Reminders: https://edge.pse.com.ph/openDiscViewer.do?edge_no=38a9560329b12c115d542af6f1e997b9… Offer Period: October 18 to 25, 2021 PSE EASy Application Deadline: October 25, 2021, 12:00NN Payment Deadline (via PNB): Check payment – October 25, 12:00PM Cash payment – October 25, 3:00PM Online payment – October 25, 3:00PM

October 15, 2021

Unicapital Research (Utrade)

STOCK IN FOCUS

JFC closed at P229.80. We expect that stock remain bullish and range between P214.00 support and P235.00 resistance in the short term. We recommend buying on dips near P223.80 AND 214.00 with a medium term target of P258.00 AND 290.00 place strict mental stop if the stock closes below P190.00

October 15, 2021

First Metro Sec

$MER: The Department of Energy has denied the request of the Manila Electric Co. to exempt its power supply agreements with Masinloc Power Partners Co. Ltd. and Panay Electric Development Corp. from competitive biddings.

$MPI: Unit Metro Pacific Tollways Corp. has launched a new business unit called MPT Mobility Inc., which will initially be composed of seven subsidiaries offering digitally-driven solutions.

$SPC: Disclosed that the majority of its shareholders approved the proposal to amend the company’s Articles of Incorporation to be able to engage in the business of renewable energy.

$SMC: Has been named Top Employer of the Year at the 2021 Asia CEO Awards.

PSEi closes at 7,213.46 up by 30.35 pts (+0.42%)

October 15, 2021

COL Financial

$ALLDY: Elevating the grocery experience in the growing mid-premium market

$JFC: JFC raises Php12Bil from preferred shares FOO

$ALLDY: Elevating the grocery experience in the growing mid-premium market

$EAGLE: Volumes continue to surpass pre-pandemic levels

$CHP: Rising costs to weaken margin

$EAGLE: Volumes continue to surpass pre-pandemic levels

$CHP: Rising costs to weaken margins

October 15, 2021

WealthSec

$AP Director Buys Shares

$AREIT AREIT, Inc. New All-Time High

PSEi Closes Back Above 7200

October 13, 2021

2Trade Asia

$AEV bought $UBP shares. AEV purchased 4.8mn UBP shares last 08 Oct. at P80/share. No other details were given.

$PCOR lists bonds in PDEx. PCOR listed its P18bn fixed-rate bonds in PDEx, covering the initial tranche of P50bn shelf registration. The float represented PCOR’s 3rd PDEx listing, & was nearly 3x oversubscribed.

$DNL details related party loan. DNL signed a related party loan worth P1.8bn with D&L Premium Foods Corp. payable in 3 years, and P1.2bn payable in 5 years, to finance the capex of the latter. D&L Premium Foods s a subsidiary of DNL.

SGP’s follow-on float comprises 1.154bn common shares at P15-P25/share & has been approved by SEC.

$SGP disclosed changes in follow-on book runner participants. SGP said JPMorgan will withdraw from the group of joint global coordinator & bookrunniers for its upcoming follow-on offer.

MD & SLI float gets green light from SEC.  SEC cleared medical equipment distributor, Medlines Distributors, Inc.’s (MD) P2bn IPO, & SLI’s P9.87bn follow-on offer (FOO).  MD’s float will cover 550mn primary common shares priced at

Slower month-on-month trade gap in August, higher YoY.  PSA reported $3.58bn trade deficit in August (-2.2% vs. July, +64% YoY).  Exports for the month in review grew 17.6%, imports +30.8%.  BSP sees export growth of 14% for 2021, imports +20%.

October 13, 2021

AllDay Marts, Inc. IPO Final Offer Price: ₱ 0.60 per share Read the Listing Notice here

PSEi opens at 7,121.59 up 13.77 points or 0.19 percent.

PSEi 7,127.71 up 19.89 points or 0.28 percent.

PSEi 7,145.92 up 38.10 points or 0.54 percent.

PSEi 7,153.90 up 46.08 points or 0.65 percent.

PSEi 7,119.08 up 11.26 points or 0.16 percent.

PSEi 7,036.91 down 70.91 points or 1.00 percent.

SM Prime Holdings, Inc. to open SM City Daet, its first mall in the province of Camarines Norte

October 13, 2021

Preliminary data from the PSA showed value of merchandise exports in August 2021 rose 17.6% year-on-year to $6.47B, while merchandise imports grew 30.8% year-on-year to $10.04B.

The Monetary Board approved $4.66B foreign loans in 3Q for reform programs and assistance to sectors affected by the pandemic. The amount is higher by 19% compared with the $3.9B worth of foreign financing the MB approved in 3Q last year.

Broken down, about P35.1B from the 5% tax on gross gaming revenues and P41.2B coming from the 25% withholding tax from the gross income of foreign employees. The nongaming revenues of Philippine-based POGOs are also subject to 25% regular income tax.

Peso closed 5 centavos lower to P50.85 against the greenback, following the wider trade deficit data in August

Petron Corp.’s (PCOR) listing of P18B worth of fixed-rate bonds on the Philippine Dealing and Exchange Corp. (PDEx) was three times oversubscribed

JFC opens 53rd store in the US following the launch of a Jollibee branch in Pembroke Pines in Florida. Over in Canada, the company opened a branch in a Calgary mall, which is JFC’s 22nd in Canada.

The Securities and Exchange Commission approved Synergy Grid & Development Philippines., Inc.’s (SGP) follow-on public offering of up to P1.15B common shares with a par value of P1 per share. The price of the shares will range from P15 to P25 per offer share.

The 8-megawatt (MW) hydroelectric power plant of Matuno River Development Corp. (MRDC) in Bambang, Nueva Vizcaya is set to begin commercial operations before the end of 2021.

CNVRG has launched “Converge Business” segment which will serve as its umbrella brand for business connectivity services and solutions.

October 13, 2021

First Metro Sec

$CNVRG: Has launched a business-to-business (B2B) brand, providing connectivity solutions to both small and large enterprises.

$GLO: Disclosed that it hauled in over 349,000 new subscribers and improved services for 640,00 customers after aggressive rollout and network build this year.

$ICT: Unit Manila Harbor Center Port Services Inc. disclosed that it took delivery of eight light rail vehicles from Citadel Shipping’s MV Morning Margareta for the Light Rail Transit Line 1 Cavite Extension Project.

$JFC: Continued to expand across North America as it recently opened a new store in Pembroke Pines, Florida, and Calgary, Alberta, Canada.

PSEi closes at 7,068.92 down by 38.90 pts (-0.55%)

$FMETF : Closed @ 107.30 iNav @ Php107.3816 vs. last NAV @ 108.00.

$HOME (+4.31%) : Disclosed that it is close to 100% vaccination goal for employees across all branches nationwide.

$MWC (+3.91%) : Unit Calbayog Water Company, Inc. and its partner Tubig Pilipinas Group, Inc. signed a P393-Mn term loan facility with BPI. The loan will be used to partially finance Calbayog Water Company’s capex projects.

$SMPH (+1.27%) : Set to open its new mall in Daet, Camarines Norte on oct. 15.

October 13, 2021

$HOME AllHome close to 100% vaccination goal for employees across all branches nationwide

Chelsea Logistics and Infra Holdings Corp. New 52-Week Low

New 52-Week Highs:

$ACEN

$BDO

$DMC

$HOUSE

$HVN

$MWC

$SCC $UBP