DigiPlus Interactive Corp. is facing an escalating threat to its dominant position in the local digital gaming market as traditional land-based casinos launch competing online platforms to capture market share. “Competition… has been becoming more fierce with new players beginning [their]...
Local equities face heightened downside risks this week as the worsening Middle East conflict sparks energy price spikes, compounding domestic growth and inflation worries. Escalating tensions involving the United States (US), Iran, and Yemen-based Houthi militants have driven global oil benchmark...
While stock analysts expect Maynilad Water Services Inc. to be a shoo-in for the Philippine Stock Exchange index (PSEi) next month, the bourse’s revamped criteria for index inclusion are expected to make Aboitiz Power Corp. (AboitizPower) and Synergy Grid & Development Philippines Inc. (SGP)...
COL Financial Group Inc., the country’s largest retail stock brokerage, is maintaining its year-end benchmark stock index target of 7,500, betting that cooling crude prices and potential capital market catalysts will outweigh risks stemming from escalated tensions between the United States (US)...
Ayala Corp., the oldest conglomerate in the country, is deploying ₱5 billion to aggressive equity purchases of its primary real estate subsidiary, Ayala Land Inc., seeking to stabilize the property giant following a steep market selloff. The Zobel-led parent company informed the Philippine Stock...
Mynt Inc., the operator of the dominant mobile wallet GCash, is planning to raise as much as ₱87 billion ($1.5 billion) in an initial public offering (IPO) that would mark the largest corporate debut in the country’s history. The financial technology firm plans to offer up to 9.23 billion...
The planned $1 billion initial public offering (IPO) by GCash parent Mynt Inc. is poised to inject much-needed liquidity into the Philippine stock market by drawing back international fund managers. “Over the long term, if Mynt performs well in the stock market and becomes part of the index...
Local equities face renewed downward pressure as resurfacing geopolitical friction in the Middle East and prospects of further domestic monetary tightening threaten to derail a recent market rally. Investor sentiment is turning bearish following the postponement of peace negotiations between the...
Zobel-led Ayala Corp. purchased ₱457.45 million worth of shares in its real estate subsidiary, Ayala Land Inc. (ALI), tapping the open market after the steep valuation slide left the country’s premier property developer trading at deep discounts. In a disclosure to the Philippine Stock...
MerryMart Consumer Corp., the grocery retail chain controlled by tycoon Edgar Sia II, plans to voluntarily delist from the local bourse following the takeover bid by affiliate developer DoubleDragon Corp. In a disclosure to the Philippine Stock Exchange, the firm said that the supermarket...
After two strong weeks, the local stock market shifted downward last week and is seen remaining bearish in the coming days due to growing tensions between the United States (US) and Iran. Investors are also expected to take cues from the country’s May inflation data, which will be released on...
Robinsons Retail Holdings Inc. (RRHI), the multi-format retailer controlled by the Gokongwei family, is seeking to exit the Philippine Stock Exchange (PSE) by July 28, 2026, provided its controlling shareholders can consolidate enough shares to trigger a voluntary delisting. The company has filed a...
