Quick takes from around the market
Filinvest REIT [FILRT 7.57 0.80%] traded with very low volume on the day 10% of shares exited 180-day lock-up. I didn’t expect Filinvest Land [FLI 1.11 1.83%] to trade the shares, but thought I’d mention it to tie up the loose end.
Haus Talk [HTI 1.22] [link] launched development of a high-end project in Quezon City. Despite being just 7 residential units, the company said that it plans to book over P108 million in profit on just P325 million in revenue. That’s a 33% return.
The Keepers [KEEPR 1.42 2.74%] [link] disclosed that it has not spent any of the ~P4.3 billion that it raised during its November follow-on offering. Over 80% of the proceeds were earmarked for “strategic acquisitions” sometime before the end of 2023, so technically, Lucio Co still has some time.
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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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