STOCK RIGHTS OFFERING

THE RIGHTS OFFERING IS EXEMPT PURSUANT TO SECTIONS 10.1(E), (I), AND (L) OF THE SECURITIES REGULATION CODE (“SRC”) AND, ACCORDINGLY, THE OFFER SHARES HAVE NOT BEEN REGISTERED WITH THE PHILIPPINE SECURITIES AND EXCHANGE COMMISSION UNDER THE SRC. ANY FURTHER OFFER OR SALE OF SUCH OFFER SHARES IS SUBJECT TO REGISTRATION REQUIREMENTS UNDER THE SRC UNLESS SUCH OFFER OR SALE QUALIFIES AS AN EXEMPT TRANSACTION. – can they pull-off.

TECHNICAL CHART

We believe they will – as the market demand for cement increase. However we will buy this company cautiously as I have indicated this company as speculative for now

THE PSEI STAYS CALM BEFORE THE STORM AS CORONAVIRUS GOES GLOBAL

We are still optimistic about PSEI but we remain cautious this week as we watch and see attitude

KEY TAKEAWAYS

  • Stocks drop as new coronavirus fears escalate – READ MORE
  • The fear of Coronavirus is global now and it will ripple into Philippines Stock Exchange likewise
  • Be cautious and we wait and see attitude for now

FINWAZE TEAM

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