Business - Stock Commentary | Philstar.com
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Today is the 97th day of the year. We’re 23% through April (already?), and just 8% through Q2.
Last week, SM Investments [SM 781.00 unch] [link] said it decided not to pursue plans to enter the data center business, pointing to the lack of foreign investor interest in the sector due to our high power rates and vulnerability to catastrophic weather conditions like typhoons.
Both Philippine Airlines [PAL 4.40 ?6.6%] and Cebu Pacific [CEB 34.50 ?1.6%] posted their FY24 earnings on Friday. PAL booked P8.1 billion in net income (down 62%) on P178 billion of gross revenue (down 1%).
Today is the 90th day of the year. This is the last day of March, and the last day of Q1. The PSEi can’t seem to get any momentum to break free of 6,000. It feels like a trip to the 5s is always just a bad day away.
Megawide Series 6 Preferred Shares went on sale at the start of the week, for P100/share, with an annual dividend rate of 7.6283% for MWP6A, 7.9606% for MWP6B, and 8.2993% for MWP6C.
