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MerryMart (MM) 400% value surge bolsters case for ABS restructuring

MM surge in value could not be justified by fundamentals. Before the public offering (IPO), MM’s balance sheet is at 915 Million Pesos. The proceeds of the IPO at 1,500 Million Pesos (1.5 Billion) doubles MM’s balance sheet. However, the balance sheet growth will not translate into a magnificent net income growth. There is aContinue reading “MerryMart (MM) 400% value surge bolsters case for ABS restructuring”

Cemex Holdings Philippines (CHP) saved by burned faithfuls; considered overpriced at 1.12/share

CHP debuted in the Philippine Stock Exchange through an initial public offering at a price of 10.75 Philippine Pesos per share raising a total of 25.1 Billion Philippine Pesos. The proceeds of such fund raising were all paid to the parent company CEMEX of Mexico. Proceeds of the IPO was not even enough, CHP borrowedContinue reading “Cemex Holdings Philippines (CHP) saved by burned faithfuls; considered overpriced at 1.12/share”

Big Philippine Businesses with debts due in 2nd Half of 2020

It is interesting to watch on how the biggest companies in the country are going to fund the debts due on second half of 2020 and on the year 2021. It is noteworthy that with the economy slowing or even shrinking these companies may see their internally generated funds weakened. Whether they will be ableContinue reading “Big Philippine Businesses with debts due in 2nd Half of 2020”

SSS Contribution Remittance Extended until June 30, 2020

Remittance of contributions to the Social Security System (SSS) for the Month of February, March and April 2020 will be extended until June 30, 2020. The country were on strict quarantine on the middle of March 2020 and has just recently started to ease the quarantine measures and the SSS has understand the predicament ofContinue reading “SSS Contribution Remittance Extended until June 30, 2020”

COVID-19 Resources: Growing consensus on exactly how we catch Covid-19

We are not scientists or public-health experts but we crawl the world wide web for information, text, and literature about the COVID-19 disease and the virus, SARS-CoV2, that causes it from leading scientists, experts and journalists. Six months into this Covid-19 pandemic, a growing consensus among experts is developing that people catch Covid-19 through close-up,Continue reading “COVID-19 Resources: Growing consensus on exactly how we catch Covid-19”

ABS at 15/share has no one to blame but itself; should restructure to create value

Yes, the non-renewal of the ABS congressional franchise to operate a free-to-air broadcast is a clear attack on the on press freedom and on democracy itself. When no less than the President of the Republic whose policy has been frequently criticized by the network announced that he will not move for the renewal of theContinue reading “ABS at 15/share has no one to blame but itself; should restructure to create value”