NEW IPO’S WILL BOOST THE MARKET
The pandemic is giving a Philippine telecommunication company an opportunity to grab market share from its well-entrenched rivals as vast swathes of the population remain stuck at home.
Converge ICT Solutions Inc., which specializes in fiber optic broadband services, saw a record jump in subscriptions in May, Chief Executive Officer Dennis Anthony Uy said in an email interview. New activations surged 150% from a year earlier to more than 50,000, driven by retail and corporate clients like call centers equipping their employees to work remotely, he said. READ MORE
AREIT – IPO WILL ALSO BOOST THE MARKET
We believe AREIT by Ayala will also boost the market – READ MORE
WHAT IS THE PSEI TECHNICAL CHART IS SAYING?
- Meantime the market will continue to swing as the global market stays cautious & the rise of the market is just too fast
- We suggest stay cautious and buy only good companies with good earnings like – GMA7, MPI, SM, AC, SLF & etc
- Watch your money management and always withdraw your capital and let the profit and dividends run
WHAT IS HAPPENING AROUND THE WORLD
- Fear index VIX is falling which means – Investors and Traders are confident of the market
- We are caution once again – the worst is not over as 2nd Pandemic Wave & Vaccine are still at work
- IMF warning is also a worrisome @ READ MORE
- OIL & Alternative Energy will go head-on and price will be challenged
FINWAZE TEAM – MANG MATEO (Join My Facebook for more learnings @ MANG MATEO)