1. Shakey's Pizza Asia Ventures Inc. (PIZZA) will open 20 new stores in 2018. If finished, it's network will reach to 228.
Notes: Can it still maintain the leading market share in chained full-service restaurant? What other companies belong to this category? Maybe MAX.
2. Cemex Holdings Philippines Inc. (CHP) got approval from DENR for the expansion (1.5 million tons per year) of its production line (Solid Cement) in Antipolo, Rizal.
Notes: Cement prices is low. Imports a lot. It's infra boom but why this company can't benefit. Will it be really better?
3. Robinsons Bank, a banking unit of JGS, ties with Pru Life UK to offer life insurance.
Notes: Why the group didn't make it big? only 123 branches...
4. AG Finance, Inc. (AGF)
New parent company, ISOC Holdings Inc. (67%) changed board members. Michael C. Cosiquien elected as a new chairman. He is a major stockholder of MWIDE.
Notes: They will transform AFG to a real estate, energy or logistics firm but nothing is final. ISOC is currently building a 2,412 square-meter cold storage facility.
5. Meralco Powergen Corp (MGen), a wholly owned subsidiary of MER, plans to consider investment in two (2) wind-power projects amounting to P40 billion. (total 300 MW)
Notes: Maybe they are thinking of energy mix. Relying on a lot natural gas power....constructing a lot of coal power.
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MARKET ISSUES
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