THE Philippine Stock Exchange (PSE) is hoping that its upcoming “investor day” event will improve liquidity among non-PSE index companies should new investors come in and prompt follow-on offerings.
“We are pleased to offer a platform for these non-PSE index and recently listed companies to come together to provide relevant corporate information and developments to the event participants,” PSE President and Chief Executive Ramon S. Monzon said in a statement.
“By communicating their story and their growth plans and strategy, we hope to see improved liquidity among these non-PSEi stocks. Attracting new investors, which will increase demand for its shares, may even prompt these companies to do follow-on offerings in the next year or so,” Mr. Monzon added.
The PSE STAR (Strengthening Access and Reach) investor day event will feature top officials and finance executives from participating publicly listed companies (PLCs) to share their first-quarter financial performance and future business strategies.
“We hope this briefing will help investors and analysts understand the prospects of these companies, which are mostly comprised of second-tier issues and gauge the value of their stocks listed in the PSE,” he added.
The event will run from May 24 to 26 and is co-hosted by Bloomberg L.P. with the Fund Managers Association of the Philippines (FMAP) and Trust Officers Association of the Philippines (TOAP) as event partners.
Companies that will participate in the event include Monde Nissin Corp., Max’s Group, Inc., Century Pacific Food, Inc., The Keeper’s Holdings, Inc., Axelum Resources Corp., Filinvest Land, Inc., RL Commercial REIT, Inc., Megawide Construction Corp., Cemex Holdings Philippines, Inc., AllDay Marts, Inc., China Banking Corp., Security Bank Corp., Pilipinas Shell Petroleum Corp., Nickel Asia Corp., and Converge Information and Communications Technology Solutions, Inc.
Bloomberg economists and analysts will also provide their outlook on the economy and the food and beverage, property, construction, services, financials, and mining sectors.
The event will also have virtual booths for each participating PLC that attendees may visit. — Luisa Maria Jacinta C. Jocson