PERC, MWIDE, CLC, TEL, SMC, AP, AC

1. PetroEnergy (PERC) sets rights offer price at P4.80
The company is offering 157.975 million shares to qualified stockholders from Jan. 22 to 26. Each investor can buy one share for every 2.6 shares held as of Jan. 12. Proceeds from the offering, amounting to P758.26 million, will be used to fund renewable energy projects which are estimated to cost P6.7 billion. 

Notes: current price is 5.72, will be diluted a lot, still need big money to fund the projects.

2. Megawide (MWIDE)
Megawide Construction Corp bagged a P2 billion contract to design and build Maynilad Water Services Inc.’s Las Pinas water reclamation facility.

Notes: Expanding a lot...airport...water...what's next? renewal energy?

3. Chelsea Logistics Holdings Corp. (CLC) is looking to raise its equity investment in shipping and logistics firm 2Go Group Inc. to 40 percent from minority stock holders.

Notes: 2GO Free Float level: 11.66%...will it reduce it further?

4. Smart’s FINTQ sees rosy growth for its financial services in 2018. Total loans disbursed via the Lendr app reached over P12 billion in 2017, up by a third from the previous year.

Notes: Fintech will prosper? 

5. San Miguel unit SMC Global Power Holdings acquired the equity stake held by AES Philippines and Thailand’s EGCO group in Masin-AES. The deal involves the 630-megawatt Masinloc coal-fired power plant, a 355-megawatt coal-fired unit still under construction and a 10-megawatt battery storage plant.

Notes: Will they push for IPO of the power unit?

6. GNPower Dinginin Ltd. Co.,a joint venture between AC Energy Holdings (a AC unit) and Therma Power Inc. (a AP unit) and Power Partners Ltd.  secured a long-term debt financing package for the second unit of its 668 megawatt super-critical coal fired power facility in Dinginin, Bataan.