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JFC (Jollibee) surge after tech announcement tells ABS (ABS-CBN) about what drives value

Jollibee Food Corporation (JFC) surged to a high of 177.80 high after it announced the launching of its Jollibee app. Before that JFC was just trading at around 140 level. The launching of the Jollibee app signifies that its Business Transformation program announced a quarter ago is taking shape.  The business transformation program of JFCContinue reading “JFC (Jollibee) surge after tech announcement tells ABS (ABS-CBN) about what drives value”

Federico “Piki” Lopez takes control of the diminished Lopez Group, what now?

The resignation of Eugenio Lopez III (EL3) from the Lopez Holdings Corporation (LPZ), the Lopezes flagship company,  allowed the younger Lopezes to take the helm of the much diminished Lopez Group. The Lopezes were once a force to reckon with in Philippine business but a series of missteps have slowly shrank the group to irrelevance. Continue reading “Federico “Piki” Lopez takes control of the diminished Lopez Group, what now?”

PLDT (TEL) after shedding assets, buying Sky Cable from ABS?

Someone has said that in deal making, if you are a buyer pretend to be a seller and if you are a seller pretend to be a buyer. After Business World has reported that the Philippine Competition Commission (PCC) green-lit DMC Urban Property Developers, Inc.’s acquisition of Smart Towers, the Makati-based office building assets ofContinue reading “PLDT (TEL) after shedding assets, buying Sky Cable from ABS?”

ABS at the mercy of creditor banks

ABS-CBN Corporation (ABS) has finally submitted its first half 2020 (1H 2020) results. The results showed that it has the financial strength to continue its operations. It has cash, cash equivalents, and short-term investments of 18 Billion Pesos as of end of 1H 2020 while debts due in the next 12 months is only 0.5Continue reading “ABS at the mercy of creditor banks”

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”