Quick takes from around the market
RL Commercial REIT [RCR 8.16 2.77%] [link] FY21 net income was above target for 2021, according to RCR’s REIT Plan. RCR attributed the out-performance to stable/high occupancy of its commercial tower assets.
Megaworld [MEG 3.30 0.30%] [link] extends share buy-back program for one year, until February 28, 2023. So far, the program has only spent P1.7 billion of its P5 billion budget.
DITO CME [DITO 6.90 4.39%] has been on an absolute rip so far this month, up 36% since the start of February (up 19% just this week so far).
STI Education Systems [STI 0.35] [link] posts P56 million profit in H1/22, up over P169 million from P113 million net loss in H1/21. STI is one of those companies that uses a non-standard fiscal year, in this case, one that aligns more closely with the education year cycle.
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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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