Market Notes

MYNLD. Monthly Slide Leaves Water Concession Underpriced

Maynilad shares fell 12.5% in a month to ₱16.10 while foreign investors stayed net buyers.

Market Notes

GLO. Mynt Clears Final SEC Gate Before Listing

Globe affiliate Mynt receives SEC permit to sell 8.03 billion IPO shares, plus up to 1.20 billion overallotment shares.

Market Notes

ICT. Hapag-Lloyd Pauses Philippine Bookings as Shares Slide

Hapag-Lloyd suspended Philippine bookings over port congestion, with ICT shares down 13% in a month to ₱859.

Stats

Market Stats — Oct. 9, 2026

PSEi closed at 5,700.99 (+1.62%).

Market Notes

TEL. VITRO REIT IPO Slips to 2027, Pushing Back PLDT's Deleveraging Cash

PLDT defers the VITRO REIT IPO to 2027, citing current market conditions and rising interest rates.

Stats

Market Stats — Oct. 8, 2026

PSEi closed at 5,610.39 (-2.20%).

Plan Updates

Passive Income Plan: Buying Opportunity, projected 7% dividend yield + 28% upside to fair value

Market Notes

MREIT. Developers' Shift Toward Leasing Assets Plays to MREIT's Strengths

Top four Philippine developers, including sponsor Megaworld, cut 2026 capex 25% and shift spending to investment properties.

Stats

Market Stats — Oct. 7, 2026

PSEi closed at 5,736.69 (+1.05%).

Market Notes

AREIT. Developers' Capex Pivot Favors REIT Pipeline as Shares Trade Below Swap Price

Ayala Land and peers cut 2026 capex 25%, shifting spending toward investment properties, S&P Global says.

Stats

Market Stats — Oct. 6, 2026

PSEi closed at 5,677.12 (-1.15%).

Market Notes

RCR. Sponsor Takes New Shares at ₱8.25, Well Above Market

RCR to issue about 1.29 billion shares to Robinsons Land at ₱8.25 for six malls worth ₱10.62 billion.

Stats

Market Stats — Oct. 5, 2026

PSEi closed at 5,743.21 (+2.03%).

Market Notes

GLO. Mynt Prices GCash IPO at ₱6.60 a Share

Globe affiliate Mynt sets its IPO final offer price at ₱6.60 per share for 8.03 billion common shares.

Market Notes

ICT. ICTSI Buys Back Shares While Borrowing US$1 Billion for Expansion

ICTSI discloses fresh share buy-backs as the stock slips 7.6% in a month amid net foreign selling.

Stats

Market Stats — Oct. 2, 2026

PSEi closed at 5,629.03 (-0.01%).

Market Notes

MWC. Water Allocation Cut Puts a Number on the El Niño Hit

Regulators cut Metro Manila's water allocation to 44 cubic meters per second from 50 to 53, starting October.

Stats

Market Stats — Oct. 1, 2026

PSEi closed at 5,629.47 (-0.88%).

Market Notes

ACEN. India Sell-Down Extends Partner-Funded Growth Model

ACEN unit agrees to sell up to 49% of a 50MWac (70MWdc) Rajasthan solar project to Dutch investor DIRO.

Stats

Market Stats — Sep. 30, 2026

PSEi closed at 5,679.48 (-1.03%).

Market Notes

MYNLD. Green Label Alignment and Lower Water Losses Meet a Sold-Off Stock

Maynilad confirmed aligned with the Philippine Green Equity Label as non-revenue water falls to 31.5%.

Stats

Market Stats — Sep. 29, 2026

PSEi closed at 5,738.40 (-0.87%).

Blog

What Is a Robo Advisor? Pros and Cons vs. Self-Trading and Mutual Funds for Philippine Investors

What is a robo advisor, how it compares with self-trading and mutual funds, and how to invest steadily in AAA Robo Advisor Plans.

Market Notes

TEL. Smart's NTC Fine Is Headline Risk, Not Earnings Risk

NTC imposes a ₱100,000 daily fine on Smart over Metro Manila mobile speeds, and Smart has yet to receive the order.

Stats

Market Stats — Sep. 28, 2026

PSEi closed at 5,788.87 (-0.64%).

Market Notes

Solviva's Rooftop Push Adds Retail Optionality, Not a Re-Rating

Aboitiz Power-backed Solviva Energy targets Cebu and Davao after residential solar inquiries jumped 272%.

Market Notes

Globe Aims Its Enterprise Data Engine at ASEAN Digital Trade

Globe expands AI and enterprise digital offerings for ASEAN trade, backed by record ₱11 billion first-half Corporate Data revenue.

Market Notes

ICTSI Locks In $1B of Long-Dated Funding, Takes Full Control of iTracker

ICTSI buys the remaining 30% of Brazil's iTracker for cash after signing a $1 billion, 10-year BDO loan.

Stats

Market Stats — Sep. 25, 2026

PSEi closed at 5,825.97 (+1.67%).

Market Notes

Manila Water Buys Back Stock Near Its 52-Week Low

Manila Water repurchases its own shares with the stock at ₱33.50, near its ₱32.50 52-week low.

Stats

Market Stats — Sep. 24, 2026

PSEi closed at 5,730.02 (-1.12%).

Market Notes

Ayala Land Swaps Six Properties for AREIT Shares at ₱37.48

AREIT stockholders approve 462.5 million new shares to Ayala Land at ₱37.48 each for ₱17.33 billion in properties.

Stats

Market Stats — Sep. 23, 2026

PSEi closed at 5,795.14 (-0.33%).

Market Notes

Bloomberry's Interest Bill Now Outruns Its Operating Profit

Bloomberry's 1H26 EBIT of ₱2.5 billion trailed ₱3.6 billion in interest expense as core profit fell 17.3%.

Stats

Market Stats — Sep. 22, 2026

PSEi closed at 5,814.56 (-0.50%).

Market Notes

Solar exits trim pipeline, not operating earnings

ACEN subsidiaries relinquished two early-stage solar contracts over land acquisition and site access constraints.

Market Notes

Mitsubishi Pays Above the Market to Deepen Its Ayala Stake

Ayala Corporation signed an expanded Investment Agreement with Mitsubishi Corporation — new shares, a voluntary tender offer and a treasury sale, all priced at ₱650 versus a ₱533 last close.

Stats

Market Stats — Sep. 21, 2026

PSEi closed at 5,843.79 (-0.21%).

Market Notes

First closing puts cash behind JKS’s WEB investment

WEB completed its first treasury-share sale to JKS, raising ₱335.70 million at ₱16.50 per share.

Market Notes

A lower entry price, not a new earnings catalyst

ICT closed at ₱905 on September 18, down 5.97% over the past month.

Stats

Market Stats — Sep. 18, 2026

PSEi closed at 5,855.91 (-1.72%).

Market Notes

Long-term supply deals support AP’s earnings durability

AP’s Therma Luzon and Therma Visayas join 15-year baseload supply agreements covering 29 electric cooperatives.

Stats

Market Stats — Sep. 17, 2026

PSEi closed at 5,958.64 (+0.70%).

Market Notes

Mynt IPO advances with SEC pre-effective letter

Mynt receives an SEC pre-effective letter for an IPO of up to 8.03 billion common shares.

Market Notes

DHI shareholders approve Tampakan-linked merger

DHI shareholders approve Indophil-Sonar merger, giving DHI 100% of SMI voting rights after closing.

Stats

Market Stats — Sep. 16, 2026

PSEi closed at 5,916.94 (-1.51%).

Market Notes

MREIT Wins Approval for ₱27-Billion Asset Infusion

MREIT secured SEC approval for a ₱27-billion asset infusion that brings its portfolio to ₱122 billion.

Stats

Market Stats — Sep. 15, 2026

PSEi closed at 6,007.78 (-1.11%).

Market Notes

First Gen’s ₱36 Block Price Is Not a Minority Exit

KKR sold its entire 19.9% economic interest in First Gen for ₱25.77 billion, or ₱36.00 per share.

Market Notes

Kazakhstan Copper Deal Adds a New Earnings Avenue

Nickel Asia seals a $30 million Kazakhstan copper deal, with its unit acquiring a 20% mine stake.

Stats

Market Stats — Sep. 14, 2026

PSEi closed at 6,075.07 (+0.22%).

Blog

How to Choose a Stockbroker and Open an Account

We discuss different kinds of accounts and how to find the best for you

Market Notes

Maynilad’s Q4 Tariff Adjustment Supports Cost Recovery

Maynilad will collect an additional ₱0.24 per cubic meter in Q4 under an approved foreign-currency tariff adjustment.

Market Notes

ACS Supply Deal Adds Commercial Traction

ACEN RES will supply 100% renewable electricity to two ACS Manufacturing facilities in Laguna.

Market Notes

Near the low, conviction stays valuation-led

PLDT trades at ₱1,152, just 6.7% above its 52-week low, after a 5.26% monthly decline.

Stats

Market Stats — Sep. 11, 2026

PSEi closed at 6,061.81 (-0.61%).

Market Notes

JKS Sets ₱16.50 Price for WEB Treasury Shares

JKS agreed to buy 81,380,792 WEB treasury shares at ₱16.50 each, above the current ₱15.80 market price.

Stats

Market Stats — Sep. 10, 2026

PSEi closed at 6,099.23 (-0.28%).

Market Notes

Solar-Linked Storage Funding Meets a Lower Entry Price

ACEN’s ₱6 billion loan supports the 500MW/1,000MWh SanMar battery storage project, integrated with its existing solar plant.

Stats

Market Stats — Sep. 9, 2026

PSEi closed at 6,116.53 (+0.17%).

Market Notes

Solar Supply Deal Deepens NIKL’s Renewable Exposure

Greenlight added 120 MW under a 15-year supply deal, lifting committed solar capacity to 240 MW.

Market Notes

PhilWeb’s JKS Tech Investment Raises the Stakes

JKS Tech agreed to buy 81.38 million WEB treasury shares at ₱16.50, above the ₱15 market price.

Market Notes

Enterprise connectivity and wider reach keep TEL in focus

PLDT’s enterprise network work and Smart/TNT distribution reach reinforce the operating case while shares remain close to their yearly low.

Market Notes

Meralco supply wins strengthen AP’s contracted-growth case

Aboitiz Power’s GMEC emerged among the best bidders for Meralco’s 600-MW supply requirement, reinforcing the value of its established generation fleet.

Market Notes

Mexico Expansion Adds to ICTSI’s Growth Runway

ICTSI’s Mexico terminal expansion strengthens its long-term growth profile, although the stock’s sharp one-year rally calls for a measured stance.