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MRSGI failed to match revenue decline with cost cuts

Metro Retail Stores Group (MRSGI) saw its revenue declined by 5.6 Billion Pesos to 31.4 Billion Pesos in 2020. To match the revenue decline MRSGI cut its costs from 36 Billion Pesos in 2019 to just 31.7 Billion Pesos in 2020. However, the cost cuts were not enough resulting to an operating loss of 301.5Continue reading “MRSGI failed to match revenue decline with cost cuts”

Robinson Retail’s balance sheet provides capacity to hunt for opportunities

Robinson Retail Holdings (RRHI) ended the year with a fortress balance sheet. RRHI was able to further fortify its balance sheet despite the pandemic. RRHI holds a cash balance of 21.3 Billion Pesos at the end of the year, an increase of 1 Billion. That is after it acquired Rose Pharmacy for 4 Billion Pesos.Continue reading “Robinson Retail’s balance sheet provides capacity to hunt for opportunities”

MM has priced in the promise of a future, how long can the market hold on to that promise?

MM is now trading at 3 times its IPO price of 1.00 a share. It is just two months since the IPO but its shares is already 3 times the IPO price and this is despite the fact that the IPO proceeds has not yet been fully used. Clearly the market has priced in theContinue reading “MM has priced in the promise of a future, how long can the market hold on to that promise?”