Quick takes from around the market
VistaREIT [VREIT pre-SEC] [link] clarified that any infusion of the Worldwide Corporate Center building in Mandaluyong would happen after the VREIT IPO, not before. VREIT didn’t provide a timeline, though, so it’s not clear if this will be one of those “next day” type infusions like we saw with AREIT [AREIT 44.30 0.68%], or one that is planned later in the year.
Aboitiz Power [AP 35.50 1.28%] [link] FY21 net income up 66% to P20.8 billion, on a nearly 4x increase in earnings from joint ventures, higher water flows at its hydro plants, and commissioning revenue from its coal-fired power plant in Bataan. This company is going to be in the right place at the right time for years to come; it all comes down to execution and resource (capital, manpower) optimization.
Raslag [ASLAG pre-PSE] [link] has completed SEC requirements in preparation for a June 6 IPO. In a media briefing, ASLAG’s owner mentioned that the company was going public to comply with the Electric Power Industry Reform Act, and that it plans to maintain its 30-50% dividend as part of the selling pitch to eventual IPO investors.
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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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