• Near Term Negative Impact Of An SRO (Stock Rights Offer)

    Near Term Negative Impact Of An SRO (Stock Rights Offer)

    In an unexpected turn of events, Metropolitan Bank and Trust Company (MBT or Metrobank) announced that it will conduct a stock rights offer (SRO) by issuing up to a maximum of 819,827,214 common shares to raise approximately Php61 billion in fresh capital. The effect of the announcement was immediately felt by the market as MBT

  • Henry Sy Stocks to Carry the PSEi to 9,000?

    Henry Sy Stocks to Carry the PSEi to 9,000?

    Much has already happened since Henry Sy’s holding firm SM Investments Corporation (SM) sunk “unexpectedly” by 9.24% back in March 2017. Many (even news channels and brokerage firms) were actually clueless as to what caused the drop but as always, Trading Edge was there to explain (https://www.facebook.com/BloombergTVPh/videos/1928461877390566/) (http://business.inquirer.net/225894/sm-sell-off-drags-psei) that it was only a one-off event