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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”