Quick look at the week ahead
Light week in terms of schedule. Everyone will be waiting on the report from the Philippine Statistics Authority on the actual state of inflation in February, to get a sense for how the BSP (and the rest of the government) will act to address this growing problem.
Tomorrow we should hear from Alternergy [ALTER] about the pricing of its IPO, but it could take until Wednesday for us to hear about it.
We will also see a big chunk of AREIT Inc [AREIT 35.90 0.1%] shares exit lockup (more on that below) on Wednesday morning, and then we should get some direction on the yield of the Megawide [MWIDE 3.30 2.6%] preferred shares IPO on Thursday.
MB BOTTOM-LINE
If the market keeps this sideways-and-down trajectory I’m curious to see if ALTER will push through with its IPO, or if it will defer/delay to try and snipe a better valuation.
On the inflation front, the guidance from the BSP was alarming but it feels like the market has stopped flinching at the repeated misprojections of where we are in this fight.
I guess we’ll also get an update on the SP New Energy [SPNEC 1.69] SRO, but like I covered in previous write-ups, the specific outcome of the failed SRO is not really that important in the short-term to address SPNEC’s public float needs and is basically irrelevant in the long-term with respect to SPNEC’s funding plans.
This week is really all about inflation to me.
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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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