Haus Talk confident large projects will increase share price
In the notes from the Haus Talk [HTI 0.85] [link] shareholders’ meeting, HTI’s Chairman, Terence Madlambayan, was asked about the stock price’s sub-peso price, and what efforts are being exerted to claw back to the IPO “strike price” of P1.50/share.
Mr. Madlambayan said that the company’s “fundamentals are good”, and that the launch of the company’s two massive projects “will contribute to the increase in the market price of the HTI shares”.
The two projects in question are the Biñan project (1,400 units) and the Mariveles project (2,200 units).
As noted in an answer to another question, a few smaller projects that were listed on the IPO prospectus were canceled in favor of these larger headline projects.
MB BOTTOM-LINE
I was impressed to see this exchange on the meeting notes disclosure.
There’s nothing surprising about the questions coming from the shareholders, since HTI made some fairly dramatic changes to its project pipeline in the months following its IPO, and there hasn’t been a great forum to discuss those changes until now.
There’s also nothing surprising about the answers from Mr. Madlambayan, but it is refreshing to see the back-and-forth reproduced for investors to see.
This is not usually how it’s done, but I respect this kind of transparency.
I’m not a shareholder and I wasn’t at the meeting, so I don’t know if there were other questions that were asked that were not included, or if the answers and questions are fairly represented, but the fact that they’re even here at all for us to read and discuss is something to be celebrated.
Good work, HTI.
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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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