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PROPERTY giant Megaworld broke ground for the 23-story 9 Central Park, the first residential condominium development inside its 85-hectare Northwin Global City township located in the municipalities of Marilao and Bocaue in Bulacan.
HONG KONG, China — Equity markets were mixed Monday as investors weigh the impact of the assassination attempt on Donald Trump with data suggesting it has boosted his chances of being re-elected president.
MANILA, Philippines — The Manila Electric Company (Meralco) on Monday said there will be an increase of P2.1496 per kilowatt-hour (kWh) in electricity rates this July.
AREIT [AREIT 37.10 ?1.5%; 117% avgVol] [link] declared a Q2/24 dividend of P0.56, payable on August 11 to shareholders of record as of July 26. The dividend has an annualized yield of 6.04% based on the previous closing price, which is 0% smaller than AREIT's pre-dividend annualized yield of 6.04%. The total amount of the dividend is P1,326 million, but the company did not provide the applicable distribution income for the period. Relative to AREIT's IPO price, the dividend increased AREIT's total stock and dividend return to 68.3%, up from its pre-dividend total return of 66.22%. AREIT is up 11% YTD. The Q2/24 dividend matches AREIT’s record dividend that it declared in the first quarter of 2024, and is 5.6% larger than the dividend that it declared in the same quarter last year.MB BOTTOM-LINE: The king continues its reign as the top REIT in the land. Yes, AREIT is the most expensive REIT on the market in terms of its price-to-distributable income multiple (15x), but there’s a reason why investors are willing to pay more for this REIT’s income stream, and that boils down to stable growth. AREIT grows its dividend over time, and that causes the stock’s price to rise over time to compensate. Market observers will note that this stock price increase is not a straight line, and not without its significant dumps: remember back in November when AREIT crashed down into the ?28/share range when Ayala Land [ALI 29.60 ?0.3%; 77% avgVol] was conducting block sales to facilitate growth? I took that as an opportunity to sell underperforming assets and load up. Was I right to do that? Absolutely, if you measure the trade by today’s price. But the long-term value of my bet will depend on the AREIT management team. Will they continue to outperform the market and deliver stable growth? Is the inflation monster dead or just sleeping?
Senator Win Gatchalian pitched anew his proposed 'Batang Magaling Act' (Senate Bill No. 2367) to boost the employability of senior high school (SHS) graduates. Gatchalian reiterated his push following statements made by the President to make sure that SHS graduates are ready and employable for the workforce.
All eyes will be on the US markets Monday morning (Tuesday our time) to see how investors will react to the attempted assassination of Donald Trump at one of his political rally stops over the weekend. With that in mind, here’s what I have on the calendar and what I’m watching this week.> PH: The only thing on my schedule is the IPO of NexGen [XG] tomorrow. According to InsiderPH, the IPO was fully sold and required some quota from the over-allotment option to satisfy the excess demand for the shares.> International: The European Central Bank will meet on July 18 to set interest rates.MB BOTTOM-LINE: More than anything, the attempted assassination will be a great chance for you to observe your news feeds and evaluate your own media consumption habits. Take note of the channels that tried to introduce you to unsubstantiated engagement bait (I’m looking at you, X), or to channels that were flooded by low-value AI-generated infospam (Facebook, you need to do better). Did you click on anything just because it seemed ridiculous? That’s just human nature, but the algos all saw that and curated what they served you next to try to get you to do it again. Just as you should construct a fairly rigid trading strategy to prevent the worst (and most predictable) aspects of human nature from leading you down paths that cause you to act against your own best interests, you should have a similar apparatus for obtaining and consuming information to prevent the same human weaknesses from leading you to pollute your own thinking with trash news.
FAMILIAR names lead in a second-quarter Publicus Asia survey on voter preference for the Senate race in the 2025 midterm elections.
Refresh for latest…: The global and international box office were extra animated this weekend with the expansion of Illumination/Universal’s Despicable Me 4 to domestic as well as another 52 overseas markets. At the same time, Disney/Pixar’s Inside Out 2 continues to jump for joy having reached $1,216.9M globally. It’s also now the No. 5 animated film of all time worldwide and No. 10 internationally. A notable new record places IO2 as the biggest film of all time in Mexico.