Alerts

   Adrian Alexander Yu

For 2020, we forecast the PSEI’s EPS to grow by 8%, slower than the 13% EPS growth in 2019.

   Richard Lañeda, CFA

For 2020, we forecast the PSEI’s EPS to grow by 8%, slower than the 13% EPS growth in 2019.

   Richard Lañeda, CFA

For 2020, we forecast the PSEI’s EPS to grow by 8%, slower than the 13% EPS growth in 2019.

   Richard Lañeda, CFA

For 2020, we forecast the PSEI’s EPS to grow by 8%, slower than the 13% EPS growth in 2019.

   Richard Lañeda, CFA

For 2020, we forecast the PSEI’s EPS to grow by 8%, slower than the 13% EPS growth in 2019.

   Richard Lañeda, CFA

For 2020, we forecast the PSEI’s EPS to grow by 8%, slower than the 13% EPS growth in 2019.

   Richard Lañeda, CFA

For 2020, we forecast the PSEI’s EPS to grow by 8%, slower than the 13% EPS growth in 2019.

   George Ching

We have a HOLD rating on NIKL with a FV estimate of Php3.81/sh. While we believe that the long term outlook for nickel prices will remain positive due to rising EV battery demand and the looming Indonesian ore export ban, we believe that this has already been priced-in by the market. NIKL’s share price has risen by 81% YTD, outperforming the PSEi’s 5.6% rise during the period. At its current price of Php3.98/sh, there is no more upside to our FV estimate.

   Richard Lañeda, CFA

The PSE announced that its board of directors has approved the petition of RWM for voluntary delisting. The company’s shares shall no longer be traded effective October 21, 2019. RWM is the developer and operator or Resorts World Manila, which runs a gaming facility with hotel, retail, dining, entertainment and other leisure amenities in Pasay City. (source: Businessworld)

   Richard Lañeda, CFA

In a disclosure to the PSE, AC announced that AC Energy has partnered with Yoma Strategic Holdings Ltd. to jointly explore developing 200MW of renewable energy projects in Myanmar. The two companies are looking to establish a 50:50 joint venture that will work together to drive the growth of Yoma Micro Power Pte. Ltd. Note that both parties have signed a binding term sheet to invest at least US$30Mil in the venture. (source: AC, Businessworld)