Quick takes from around the market

Bank of Commerce [BNCOM 12.00 pre-IPO] PSE EASy limit is P1 million. That’s a pretty big allowance for what is technically a pretty small IPO. Today is the start of BNCOM's offer period.
 

Philippine Airlines [PAL suspended] [link] celebrates its 81st birthday, with Lucio Tan calling it a “rebirth”. I think this is accurate, especially in the context of the mythical phoenix. The first version of PAL definitely died in a hellfire of Lucio Tan’s money, and this next version has arisen on the wings of a fresh batch of that cash. PAL is 3 months away from celebrating its 1-year anniversary of being suspended and untradeable for failure to submit audited financial reports. Yay?

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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.