Business - Stock Commentary | Philstar.com

Top Line Business Development was scheduled to price its IPO yesterday, which was tentatively slated to list on December 12, but instead notified that its ownership group has elected to “adjust [its] IPO timetable” to allow potential investors to “secure internal approvals to participate in the IPO.”

DITO CME disclosed its follow-on offering’s (FOO) price at P1.05/share, which caused the PSE to halt trading in DITO’s stock for an hour to allow the public to consume the news.

CTS Global [CTS 0.70 ?6.1%; 1% avgVol] [link] posted a Q3 net income of P6.5 million, down 63% y/y from its Q3/23 net income of P17.5 million.

DoubleDragon [DD 9.71 ?2.2%; 8% avgVol] [link] revealed that it intends to list its warehouse REIT subsidiary, CentralHub, “in the second half of 2025”.

After closing above 7,500 in the first week of October, the PSEi has fallen 12% to 6,676 and has wiped away the entirety of the bull run’s gains.