SHARES in Razon-led ICTSI moved upward last week as investors assessed the port operator’s financial performance as well as its subsidiary’s agreement to buy ownership interest and subscription rights in a terminal operator.
SHARES in Razon-led International Container Terminal Services, Inc. moved upward last week as investors assessed the port operator’s financial performance as well as its subsidiary’s agreement to buy ownership interest and subscription rights in a terminal operator.in value turnover with P383.72 million worth of 1.92 million shares exchanging hands from Dec. 27 to 29.
“ICT has been moving in a generally upward bias the past few weeks as many investors are betting heavily on the company to outperform for 2023,” Regina Capital Development Corp. Head of Sales Luis A. Limlingan said, referring to ICTSI’s ticker symbol. Mr. Tantiangco highlighted worries about a lingering global economic slowdown, risks of global recession due to rising interest rates, and the adverse effects of Russia’s prolonged war on Ukraine and China’s coronavirus disease 2019 situation.
IWI Container Terminal is acquiring 2.05 million BIPI shares held by Marubeni representing a 20% stake for around P507.41 million. Mr. Tantiangco said the move to acquire an additional 20% stake through its subsidiary wasn’t given much attention by investors as the focus was more on the global economic prospects for 2023.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
European shares rise in first trading session of 2023European shares rose in the first trading session of 2023 on Monday, after a rough year marred with fears of a recession as central banks hiked rates globally and the Russia-Ukraine war. | Reuters
Baca lebih lajut »
Carmina Villarroel and Zoren Legaspi share a sweet kiss to welcome 2023Carmina Villarroel, Zoren Legaspi, and twins Mavy and Cassy are in South Korea for a vacation
Baca lebih lajut »
Sara to Filipinos: Aim higher in 2023'With our deep faith in the Almighty and humble determination to aim higher, let us look forward to a more prosperous 2023 filled with dynamic opportunities for inclusive and lasting growth where no one is left behind,' the Vice President said. Read more:
Baca lebih lajut »
VP Sara urges Pinoys: 'Bounce back, forge ahead' in 2023Vice President Sara Duterte has encouraged the nation to continue with its “unyielding Filipino spirit” to bounce back from challenging times toward a progressive 2023.
Baca lebih lajut »
Sara Duterte hopes Filipinos’ resiliency, sense of nationhood remain in 2023Vice President Sara Duterte hoped that Filipinos would continue to be resilient and carry with them the sense of nationhood and Bayanihan spirit this 2023.
Baca lebih lajut »
DOH logs 85 more fireworks-related injuries during New Year 2023 celebrationEighty-five new cases of fireworks-related injuries were recorded during the celebration of the New Year, the Department of Health said Sunday.
Baca lebih lajut »