(Last Updated On: October 18, 2021)
Higher 3Q topline from $MREIT. MREIT’s 3Q revenues rose to P711.2mn (+6%), higher than their P583.7mn target for the quarter.
Offer run for SGP is 26 Oct.-02 Nov., listing 10 Nov. Meanwhile, KEEPR will sell up to 3bn common shares at P2-P2.50/share, final price setting on 28 Oct. Offer run is 04-10 Nov., listing 19 Nov.
In average terms, each Filipino spent P8,216 for healthcare goods & services (+10.7%) for the period in review, bringing its share to GDP at current prices at 5.6% (vs. 4.7% in 2019).
PSEi opens at 7,193.57 down 19.89 points or 0.28 percent.
PSEi 7,201.12 down 12.34 points or 0.17 percent.
PSEi 7,167.63 down 45.83 points or 0.64 percent.
PSEi 7,192.87 down 20.59 points or 0.29 percent.
PSEi 7,215.23 up 1.77 points or 0.02 percent.
PSEi closed at 7,219.81 up 6.35 points or 0.09 percent.
STOCK IN FOCUS
PSEI closed at 7,213.46. The index is expected to test the next resistance zones near 7,300.00 and 7,432.40 for as long as it stays above 7,000.00 and 6,900.00 support levels. If you are planning to accumulate selected index stock positions for medium term hold, we recommend buying on pullback opportunities near 7,159.11 and 7,064.24 support zones and placing a strict mental stop if the index closes below 6,600.00
First Metro Sec
$ACEN: JV with AMI AC Renewables to pilot battery energy storage system in Vietnam.
$MPI: Unit NLEX Corp. sees higher traffic volume this year, as quarantine restrictions are relaxed further.12
$KEEPR: The PSE greenlights the P7.5-Bn share sale of the company. Proceeds will be used to fund the expansion of product portfolio, investments in distribution and logistics networks, and general corporate purposes.
$FMETF : Closed @ 109.80 iNav @ Php109.6677 vs. last NAV @ 109.60.
$DMC (+2.42%), MPI (+0.75%) : Maynilad Water Services Inc. announced that Metro Manila and Cavite will be affected by several hours of water service interruptions next week to pave way for the flood control project.
$MREIT (-0.22%) : Is set to declare a cash dividend of at least P0.24 per share this month after posting higher revenues by Q3.
$ACEN (-4.59%) : Plunged despite news that it received a grant for the pilot of a utility-scale battery energy storage system in Vietnam together with partner AMI Renewables.
$GLO: GLO on track to end the year with 1.4M fiber lines – Economy: Diokno sees more harm in raising rates too early
$MPI: MPI sees 25% increase in toll road volume this year
$MREIT: 3Q revenues up 6% Y/Y
$PAL: Lucio Tan injects Php12.75Bil fresh capital in PAL
$ACEN ACEN and AMI to pilot battery energy storage system in Vietnam