Cebu Landmasters rises in stock exchange debut | ABS-CBN
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Cebu Landmasters rises in stock exchange debut
Cebu Landmasters rises in stock exchange debut
ABS-CBN News
Published Jun 02, 2017 10:15 AM PHT
MANILA – Shares of Cebu Landmasters rose Friday as the developer focused on the Visayas and Mindanao debuted on the stock exchange.
MANILA – Shares of Cebu Landmasters rose Friday as the developer focused on the Visayas and Mindanao debuted on the stock exchange.
It was the third initial public offering for the year and the second this week, after Eagle Cement.
It was the third initial public offering for the year and the second this week, after Eagle Cement.
Cebu Landmasters shares were up 4.8 percent to P5.24 from its offer price of P5.20.
Cebu Landmasters shares were up 4.8 percent to P5.24 from its offer price of P5.20.
“We think it has a good niche market in the Cebu, VisMin (Visayas Mindanao) are. The issue was well-priced,” Abacus Capital and Investment Corp director Manny Ocampo said.
“We think it has a good niche market in the Cebu, VisMin (Visayas Mindanao) are. The issue was well-priced,” Abacus Capital and Investment Corp director Manny Ocampo said.
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Cebu Landmasters chairman Jose Soberano said overseas Filipino workers were driving demand for property outside Metro Manila.
Cebu Landmasters chairman Jose Soberano said overseas Filipino workers were driving demand for property outside Metro Manila.
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