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Stock Commentary

Some quick takes from around the market

Merkado Barkada
Some quick takes from around the market

Haus Talk [HTI 1.49 3.9%] falls just below offer price, to P1.49/share, the lowest it’s been since the first few moments of its trading life back on Monday. HTI has no stability fund, so there’s no deep pool of money in the background ready to soak up all the paper hands that might want out if the price continues to weaken.

Solar Philippines NEC [SPNEC 1.60 0.62%] is the only stock out of the four most recent IPOs (HTI, SPNEC, MEDIC, and ALLDY) that is trading above its IPO offer price. ALLDY is down 2%, HTI is down 1%, and MEDIC is down 51%. One of these things is not like the others, but still.

All three of the next IPOs on the schedule (Figaro, CREIT, and Bank of Commerce) feature stability funds.

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Merkado Barkada is a free daily newsletter on the PSE, investing and business in the Philippines. You can subscribe to the newsletter or follow on Twitter to receive the full daily updates.
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.

vuukle comment

BANK OF COMMERCE

CITICORE POWER INC

FIGARO COFFEE COMPANY

HAUS TALK INC.

IPO

PHILIPPINE STOCK EXCHANGE

REIT

SOLAR PHILIPPINES

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