Atlas Consolidated [AT 4.26 4.05%] https://www.philstar.com/business/stock-commentary/2022/07/26/2198065/quick-takes-around-market H1 web earnings up 4% to P2 billion on greater grade steel and better costs for that steel. It mined much less copper and gold, however mined “higher” copper and gold, after which bought superb costs at market because of the wave of commodity inflation that has despatched costs skyward. While there’s no finish in the elevated costs in sight (but), any important lower will present (and arduous) on AT’s bottom-line.
Balai Ni Fruitas [BALAI 0.64 4.92%] https://www.philstar.com/business/stock-commentary/2022/07/26/2198065/quick-takes-around-market stab fund solely purchased 1.3 million shares for a median worth of P0.60/share final week, which is frankly not lots contemplating that the IPO worth was P0.70/share and it spend the complete week buying and selling considerably under that. The fund solely has just a few days left, so perhaps it’s going to leap into motion and pump the worth in a final hurrah? Or perhaps they’ll simply sit on the money and quietly switch it to the promoting shareholders at the finish of the stabilization interval?
President Marcos https://www.philstar.com/business/stock-commentary/2022/07/26/2198065/quick-takes-around-market talked about the Passive Income and Financial Intermediary Taxation Act (PIFITA) as the 4th precedence invoice in his SONA yesterday. The PIFITA seeks to extend authorities tax assortment by elevating the passive earnings tax from 10% to fifteen%. Dividend earnings falls underneath this class. Another day, one other gap in the REIT boat. Still, simply because it’s a precedence doesn’t imply it’ll occur. Remember “ending endo”? Some main employers pushed again on that. Hard. Perhaps the nation’s rich households will push again on this provision as properly, contemplating that almost all draw appreciable earnings from common dividend declarations. We’ll have to attend and see.
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