October 16, 2021

Frozen resto foods available in $SM stores.  SM Retail’s unit, SM Markets, partnered with select restaurants to make their products available inside the supermarket.  At present, SM Markets carries 22 brands in 68 of its stores that includes among others:

$AEV redeems 10-year bonds ahead of maturity.  AEV will redeem on 21 Nov. its P1.8bn, 10-year bonds issued last 21 Nov. 2013, ahead of the 2023 maturity schedule.  Existing cash will be used to retire the bonds.

$GLO on track with fiber lines target.  GLO intends to end 2021 with 1.4mn fiber lines.  GLO built 50k ports in 2019 & this jumps to 600k ports in 2020.  Meanwhile, Speedtest Intelligence 3Q21 data by Ookla showed download speed surged 60% to 13.53MBps for GLO.

$DITO-Bayad partner for payment channels.  DITO Telecommunity grew its electronic loading channels through its tie-up with multi-channel payment platform, Bayad.  Bayad has 1,118 participating touchpoints where DITO subscribers may purchase their load & mobile data bundles.

Violation of Anti-Dummy law filed on $MWIDE-GMR executives.  DoJ indicted 15 executives of GMR Megawide Cebu Airport (GMCAC) based on Nat’l. Bureau of Investigation’s (NBI) complaint.  NBI alleged the executives violated Anti-Dummy Law in connection with Mactan-Cebu Int’l.

$ABS enter tie-up for film distribution in India.  ABS’ film production & distribution signed a deal with India’s Global One Studios (GOS) for adaptation of ABS’ 5 box office hits.  GOS is set to produce the remake of top-grossing films ‘Barcelona

Private placement in $PAL at P1.25/share.  PAL’s board approved the US$255mn (approx. P12.75bn) private placement of Buona Sorte Holdings (BSHI, parent firm of Trustmark Holdings Corp.) to be received by PAL in cash.

Improved 8-month remittances.  BSP reported remittances growth of 4.8% to $2.89bn in August, bulk of which came from land-based workers at $2.21bn (+4.2%).  This brought 8-month remittances to $22.67bn (+5.9%)

October 16, 2021

Dow 35,294.76, +382.20, +1.09%

Nas 14,897.34, +73.91, +0.50%

S&P500 4,471.37, +33.11, +0.75%

EPHE 32.41, +1.06%

TEL 32.41, +1.22%, P1,643.54 PhP 50.711, +0.21%

US 10Y 1.574, +6.00bps

PH 10Y 4.9426, +7.08bps

Gold 1,768.10, -1.66%

Bitcoin 61,444.70, +6.55% WTI Oil 82.66, +1.66%

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