The week ahead...
We’re going to keep getting earnings reports (my eyes are on AyalaLand Logistics [ALLHC 2.85 0.3%; 68% avgVol] and Filinvest REIT [FILRT 5.35 2.5%; 312% avgVol] throughout the week, but it’s the calm before the storm as next week will be absolutely stuffed with earnings.
Still waiting on dividend declarations from VistaREIT [VREIT 1.60 1.9%; 117% avgVol] and DDMP [DDMPR 6.75 unch; 87% avgVol].
The Megawide [MWIDE 2.97 1.0%; 58% avgVol] prefs tranche will list today under the ticker MW?5; the money raised will go to refinancing debt.
MB BOTTOM-LINE
With companies finally closing the books on 2022, Q1 in the books, and inflation finally starting to ease (if only marginally), I get the anecdotal sense that companies are finally starting to get down to the business of executing 2023’s playbook (whatever that may be).
Maybe the haggard accountants in the PSE will finally get to take some leave and take part in this so-called “revenge travel” phenomenon, before the push to close Q2 begins in (checks calendar) a few weeks.
Good luck accountants! Take a breather!
--
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.
- Latest
