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Stock Commentary: Quick takes from around the market

Merkado Barkada

February 2, 2022 | 8: 30am

Citicore REIT [CREIT 2.55 pre-IPO] provide period begins on the present time, and carries thru until February 8. The PSE elevated the maximum put of shares that a tiny-time investor can decide, from P100,000 to P999,600. Undecided what this says (if anything).

Philippine Airways [PAL suspended] promotes Lucio Tan’s son-in-legislation, Stanley Cua Ng, to President, and demote previous President, Gilbert Sta. Maria, to VP. Rumors are that Mr. Sta. Maria will decide for retirement rather than settling for the lower situation. Ng is a pilot, so as that’s gargantuan, but it isn’t toddle whether here’s a savvy transfer to promote any individual with discipline-topic ride that ultimate so occurs to be connected to Lucio Tan, or if it’s ultimate another instance of any individual within Lucio Tan’s orbit getting elevated a long way beyond their enterprise capabilities. EIther scheme, the flaming dumpster fireplace that is PAL might maybe maybe be a posh first project.

PSE [PSE 210.00 0.38%] has canceled a return to “widespread” procuring and selling hours, and has as a replace opted to bewitch the compressed agenda that ends at 1pm “until extra look”. Who wants to help for the chubby cats to assemble help from lunch handiest to explore the market limp to a terminate? Here is basically the simplest news I’ve heard all week.

BPI [BPI 98.10 1.21%] and several banks have put out earnings teasers for their 2021 monetary reviews, that means that the fat reviews wants to be coming out soon in conjunction with all of the diverse annual reviews. The particular time limit for the reviews isn’t for another couple of months, but you’ll be in a position to be ready to on the total depend upon the banks to file in the first batch prolonged sooner than that time limit. This might maybe well moreover be good to assemble a probability to focus on 2021 earnings and what it might maybe well well point out going forward.

Merkado Barkada is a free on daily foundation e-newsletter on the PSE, investing and enterprise in the Philippines. That it’s likely you’ll subscribe to the e-newsletter or phrase on Twitter to receive the fat on daily foundation updates.

Merkado Barkada’s opinions are equipped for informational positive aspects handiest, and might maybe well peaceful not be regarded as a recommendation to determine or sell any particular inventory. These on daily foundation articles are not updated with new knowledge, so each and each investor have to enact his or her have due diligence sooner than procuring and selling, because the info and figures in each and each particular article might maybe well have changed.

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