Quick takes from around the market
Manila Mining [MA 0.01 3.00%] [link] finalizes its SRO plans and provides June 20 as a tentative listing date. Just remember that in the world of speculative investments, this one might be one of the most speculative-est. This company has not done any mining in what feels like decades, and the money here will just go to more exploration.
PLDT [TEL 1865.00 0.05%] [link] payments app “PayMaya” will rebrand to just “Maya”. This is because the app is hoping to branch out into things that go well beyond simple P2P payments, like digital banking, loans, and other credit products. As both Maya and GCash approach saturation levels, expect both to pivot aggressively to new ways of making money off of their huge userbases.
Ayala Corp [AC 738.00 0.07%] [link] welcomes Cesar Purisima, former Secretary of Finance under PNoy Aquino, to its board of directors. Mr. Purisma comes to the AC board with a wealth of finance and economic experience, plus a large contacts list of potentially useful relationships. The former is available elsewhere, the latter is priceless under the right circumstances.
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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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