Wednesday, January 10, 2018

Consunji, SM, MARC, TEL

1. President ordered DENR secretary to close  Sodaco Agricultural Co. and suspend Sirawai Plywood and Lumber Corporation, the Consunji family's logging companies, after massive landslide.
Notes: They are family owned, so it won't affect DMC or SCC, I think. 

2. SM Retails, Inc., a subsidiary of SM, acquired majority stakes of Goldilocks Bakeshop Inc. 
Notes: Goldilocks has 579 food retailing stores in the Philippines and abroad. 12 in US/2 in Canada/6 in Thailand. Two-thirds of the store network are franchised. 2015 net sales were P7.86 billion.

3. Marcventures Holdings Inc. (MARC) will merge
    a)  Asia Pilot Mining Phils. Corp. (APMPC) which owns Alumina Mining Philippines Inc. (AMPI, 6,694 ha) and             Bauxite Resources Inc. (BARI, 5,435 ha). They are bauxite mines.
    b)  BrightGreen Resources Holdings Inc. (BHI) which owns BrightGreen Resources Corp. (BRC, 4860 ha). It's             a nickel mine. 
Notes: It will release total 1.125 billion shares to those companies..almost 70% increase of # of shares. They might set up nickel processing facilities. Govt raised the issue "ban on exporting raw mineral"...if it happens, yes..they need the facility.

4. PLDT ClarkTel starts construction of 1,300 seat Clark data center. It has data centers in Clark, Subic, Pasig, Cebu, Sucat in Paranaque, Fort Bonifacio and Makati.

Notes: It has a data center there....why build another? I think data center is an important IT infra investment.



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MARKET ISSUES

[last partial update : 02/28/2018] Macro and Overseas (a) US interest rate : 1.25 ~ 1.5%, May increase 3 times in 2018 (b) US 10 yr bond...