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Stock Commentary

Quick takes from around the market

Merkado Barkada
Quick takes from around the market

Raslag [ASLAG 2.00 pre-IPO] [link] sets final price for IPO offer at P2.00. This is unchanged from the place-holder price provided by ASLAG in its SEC application. This isn’t a surprising result, considering the company is being forced to go public to remain compliant with the law. Not as many incentives here to give investors additional “upside” or build a good reputation for future offerings.
 

The Keepers [KEEPR 1.17 1.68%] [link] had 78% of its outstanding shares come out of lockup yesterday morning, and trading volume was actually super light/thin. The shares were subject to a mandatory lock-up after the share-for-share swap that injected the alcohol companies into KEEPR. No sign of selling from Lucio Co, yet. Still worth it to keep an eye on, though.
 

VistaREIT [VREIT 2.50 pre-IPO] [link] released its Preliminary REIT Plan, which provides a very detailed look at the REIT’s portfolio and an overview of its business plan, strategy, and outlook. Notable here is VREIT’s admission that two of its properties, Vista Mall Las Piñas and Starmall Las Piñas, are 43- and 40-years-old, respectively, and “may require major maintenance and renovation”. These properties represent 10% of the gross leasable area of the REIT. The rest of the properties are all less than 10 years old.

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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.

PHILIPPINE STOCK EXCHANGE

RASLAG CORP.

THE KEEPERS HOLDINGS INC

VISTA LAND & LIFESCAPES INC

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