Quick takes from around the market
BDO [BDO 133.00 0.76%] [link] amended its stock dividend disclosure to say that the company’s outstanding shares and stock price will be automatically adjusted to accommodate the stock dividend. Just like a stock split, this happens when the new shares are actually listed, and it’s just a cold, unthinking calculation. The change will just represent that the same value is now split between a larger number of shares, but since everyone who owns shares (at the right time) will receive them, there’s no proportional loss or dilution.
Kepwealth [KPPI 3.45 1.15%] [link] is having a moment, being up 47% in a couple of days. But the value of the stock traded during that increase, a total of P62,490, tells me that the market for this stock is super-thin. It’s not like P62,490 in trades should represent a marketcap increase of P222 million, but... that’s what happened.
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Merkado Barkada's opinions are provided for informational purposes only, and should not be considered a recommendation to buy or sell any particular stock. These daily articles are not updated with new information, so each investor must do his or her own due diligence before trading, as the facts and figures in each particular article may have changed.
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