LT Group (LTG) has been recently severely battered by net foreign selling. One year net foreign selling amounted to 3.97 Billion. The heavy foreign selling dropped LTG to a 52-week low of 8.50. As a result, LTG’s valuation dropped below its book value. LTG is currently trading at 0.5982 to book value. LTG is aContinue reading “LTG yields 10.58%”
Tag Archives: PNB
GTCAP’s used car warranty venture foretells vehicle foreclosure armageddon
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”
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”
ATTENTION dividend investors – MWIDE to offer Perpetual Preferred Shares
Megawide Construction Corporation (MWIDE) has tapped RCBC Capital Corporation and PNB Capital as joint lead underwriters for the primary offer of series 2 non-voting perpetual preferred shares to raise 5 Billion Pesos. The dividend rate has yet to be set for the series 2 non-voting perpetual preferred shares. MWDE has outstanding preferred shares in theContinue reading “ATTENTION dividend investors – MWIDE to offer Perpetual Preferred Shares”