GT Capital Holdings (GTCAP) is the publicly listed holding company of the Ty family. GTCAP controls Metrobank (MBT) and owns Toyota dealerships in the country. Being big in banking and auto distribution, GTCAP must have a front seat view on the performance of vehicle financing. GTCAP’s new venture, Premium Warranty Services Philippines, will supply vehicleContinue reading “GTCAP’s used car warranty venture foretells vehicle foreclosure armageddon”
Tag Archives: GTCAP
Retail, domestic funds, and foreign investors grab Metro Pacific Investment (MPI) shares after 5 Billion-Peso share buy-back announcement
Fresh with cash from its shareholdings sell-down in Metro Pacific Hospital Holdings, Inc. to KKR and GIC, Metro Pacific Investments Corporation (MPI) announced on October 1, 2020 a 5 Billion-Peso share buyback program. It seems that for now MPI can’t find an attractive target other than its own shares. Just last December 2019, MPI completedContinue reading “Retail, domestic funds, and foreign investors grab Metro Pacific Investment (MPI) shares after 5 Billion-Peso share buy-back announcement”
Investor confidence in Metrobank (MBT) building up?
The September 18, 2020 saw an above average trading volume of Metropolitan Bank & Trust Company/Metrobank (MBT) shares. MBT trades at a 65-day average volume of 3,365,912 but on September 18, 2020 trading, MBT’s volume was at 5,239,200. A closer look on the September 18, 2020 trading day, would tell us that there could haveContinue reading “Investor confidence in Metrobank (MBT) building up?”
GTCAP may have to keep access to credit facilities handy
The first half of 2020 (1H 2020) saw the worst of the measures to keep COVID-19 at bay. As a result, business activities were grounded almost to a halt. GT Capital Holdings, Inc. (GTCAP) was not spared. Automotive operations and real estate sales declined in first half of 2020. Real estate operations of GTCAP areContinue reading “GTCAP may have to keep access to credit facilities handy”