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Stock Commentary

Quick takes from around the market

Merkado Barkada
Quick takes from around the market

VistaREIT [VREIT 2.50 pre-IPO] pricing is today, but I don’t expect to hear the results until tomorrow. Will the Villars give us “upside” like the Tans did with MREIT [MREIT 16.98 1.07%], or will they plow ahead at the maximum price? I’m expecting REIT valuations to come under pressure because of increasing rates, so I’m looking for a discount. Let’s see what happens.
 

Medilines Distributors [MEDIC 0.74 1.37%] [link] declared an annual dividend of P0.006168416/share, out of FY21 income, payable on June 28. Sick 0.8% yield, bro. (It’s 0.3% if you use MEDIC’s IPO price.)
 

AC Energy [ACEN 7.05 0.70%] [link] commenced operation of its 50 MW “one-hour” battery in Australia. ACEN's rebranded Australian subsidiary (now “ACEN Australia”) said that the battery could be scaled up to 200 MW depending on the needs of the region’s electricity grid. Glad to see ACEN developing this kind of know-how, but would like to know more about the economics of the deal (and the tech) before I get too excited from an investment perspective.

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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.

AC ENERGY INC.

MEDILINES DISTRIBUTORS INC

PHILIPPINE STOCK EXCHANGE

VISTA LAND AND LIFESCAPES INC

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