A quick look at the week ahead
It’s another quiet week according to the PSE schedule. The Repower Energy Development [REDC 7.71, down 1.9%; 97% avgVol] shares that were under lock-up will be released and tradeable for the first time tomorrow. We will get some international data on Friday from the US when it releases its preliminary Q4 GDP number and its initial jobless claims number. The US Federal Reserve meets on January 30-31 to make its next interest rate decision.
MB bottom-line: Another week to focus on your investing hygiene. The REDC shares coming out of lockup are all owned by the parent company; while the shares are up 54% from its July IPO price of P5.00/share, I don’t normally consider centralized parent company stakes to be a significant risk as a source of selling pressure post-lockup. It might be a different story if these shares were held by individual owners in smaller non-controlling stake sizes, but that’s just not the case here.
---
Merkado Barkada is a free daily newsletter on the PSE, investing and business in the Philippines. You can subscribe to the newsletter or follow on Twitter to receive the full daily updates.
