Nicky Franco
@HoR_102
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Husband, father. Head of Research, Abacus Sec/MyTrade. Stock picks, business, economy, bit of politics. UPD. Personal views. NOT investment advice.
Makati/Ortigas
Joined April 2016
Final thoughts for this series of QTs... Have you ever wondered why the local cement industry has been in the doldrums for years despite the government's infra "push"?
Can't help but think that if the budget for flood control from 2017-2025 had been in line with either: a) growth in the national budget, or b) inflation, the 🇵🇭 would have saved P400B-P600B. Imagine what actual infra could have been built or how many families lifted from poverty.
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Can't help but think that if the budget for flood control from 2017-2025 had been in line with either: a) growth in the national budget, or b) inflation, the 🇵🇭 would have saved P400B-P600B. Imagine what actual infra could have been built or how many families lifted from poverty.
What's worse, at least from an analyst's point of view, is that disbursements for flood control projects are counted as part of "infrastructure spending."
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Can't help but think that if the budget for flood control from 2017-2025 had been in line with either: a) growth in the national budget, or b) inflation, the 🇵🇭 would have saved P400B-P600B. Imagine what actual infra could have been built or how many families lifted from poverty.
What's worse, at least from an analyst's point of view, is that disbursements for flood control projects are counted as part of "infrastructure spending."
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Finally. We told clients why this is a bad deal for $SUN, especially for minority shareholders. To find out why, log in or register at https://t.co/qjzF5mrJpE.
@PhStockExchange, as i understand this $SUN filing, they are exchanging majority control over the casino project for a minority 20% stake in ECRC. Isn't this, in effect, a divestment of substantially all of the firm's assets? Shouldn't they and $AGI be required to give details?
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$ALI's cost of debt this year projected at 5.6%, highest since 2011. Maturing, low cost loans are being replaced at higher rates even as the BSP has been easing policy. This was equivalent to a ~4% drag on 1H25 earnings.
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Two index stocks are trading at over 20-year lows based on weekly forward P/E ratios, $BDO and $TEL.
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What's worse, at least from an analyst's point of view, is that disbursements for flood control projects are counted as part of "infrastructure spending."
Depressing to know the budget for flood control projects from 2022 to 2025 is ~Php800B* and yet things seem to be getting worse. So just putting this out there. One Big Idea that might make a difference or at least start a discussion. Comments welcome. * https://t.co/Z4JBvwwcsI
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Just a wild guess that it's to redevelop this property.
SM Prime in talks with partner for ‘landmark’ Makati project
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"A UN report estimates that illicit online gambling was responsible for $145bn of Chinese capital outflows in 2020-a figure that industry insiders expect to have surged since then." https://t.co/jLKBECYkEC
SEN. ERWIN: END ONLINE GAMBLING NOW Muling idiniin ni Senate Committee on Games and Amusement Chairman Sen. Erwin Tulfo na dapat nang tuluyang ipagbawal ang online gambling dahil sa masamang epekto nito sa mga pamilya at komunidad. "Ban it, criminalize it, block every platform
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Have the same interpretation.
To my understanding, the BSP representative at the Senate hearing said that e-wallets will be removing clickable links (ie hyperlinks) to gambling sites Not that they are stopping cash transfers
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There were a lot of people on both sides of the fence on this issue but at the end of the day, the PSE followed its own rules which is a good thing for the market as a whole. $PLUS
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We try to prepare clients every earnings season with previews for as many firms as possible. For Q2, we came quite close to $SCC (predicted P3.8B to P4.0b) vs actual of P4.07B) and we were on the nose with $SMPH. For more analyses like these, sign up with https://t.co/qjzF5mshfc
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Just thought i'd update this chart.
It’s not the only factor but governance definitely matters for equity returns. Cory not included in this chart because the PSE index was only introduced in 1987 while MSCI EM index debuted in 1988.
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Wrong headline. Should be $AT instead of $APX.
Apex posted net loss of P653M in H1
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Depressing to know the budget for flood control projects from 2022 to 2025 is ~Php800B* and yet things seem to be getting worse. So just putting this out there. One Big Idea that might make a difference or at least start a discussion. Comments welcome. * https://t.co/Z4JBvwwcsI
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Depressing to know the budget for flood control projects from 2022 to 2025 is ~Php800B* and yet things seem to be getting worse. So just putting this out there. One Big Idea that might make a difference or at least start a discussion. Comments welcome. * https://t.co/Z4JBvwwcsI
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$CNVRG Q2 Earnings Preview - Residential demand probably improved on slower inflation; corporate likely softer - Cash opex should stay well controlled - Net financing cost likely lower; possibly debt free by end-2026 - Q2 forecast: ~Php3.3B, +20% YoY and ahead of consensus
SCC Q2 Earnings Preview - ICI4 coal price 📉 QoQ - WESM price steady; power demand 📉 - stronger P:$ a slight negative - we estimate Q2 profit to be Php3.8B-Php4.0B or at least 33% 📉 - semi annual div of Php1.50-Php2.00; more likely at lower end of range
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SCC Q2 Earnings Preview - ICI4 coal price 📉 QoQ - WESM price steady; power demand 📉 - stronger P:$ a slight negative - we estimate Q2 profit to be Php3.8B-Php4.0B or at least 33% 📉 - semi annual div of Php1.50-Php2.00; more likely at lower end of range
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