DITO | JFC | MM | PHR | NOW | STOCK MARKET SUMMARY NOV 5 2020
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In this today’s stock market summary,
DITO reviewed. Dito Telecommunity Corporation, is a telecommunications company in the Philippines. It is a consortium of Davao businessman Dennis Uy’s Udenna Corporation in addition to its subsidiary Chelsea Logistics Corporation, in addition to Chinese state-owned China Telecommunications Corporation, a parent company of China Telecom. A third telecom player that will rival the telecom giants led by Smart Communications in addition to Globe Telecoms, Internet, cellular network in addition to data provider.
Also discussed is the stock MerryMart Grocery in addition to Supermarket headed by Injap Sia, one of the hottest stocks in the Philippines today in addition to the rival of Puregold with hundreds of nationwide branches.
Second reviewed is JFC. Jollibee is the #1 fast food chain in the Philippines with products such as Chicken Joy, Jolly Spaghetti, Hotdog in addition to Yumburger. Jollibee Foods Corporation principal business is the development, operation in addition to franchising of quick service restaurants (QSR) under the trade names “Jollibee”, “Chowking”, “Greenwich”, “Red Ribbon”, “Yong He King”, “Hong Zhuang Yuan”, “Mang Inasal”, “Burger King”, “Highlands Coffee”, “PHO24”, “Hard Rock Café”, “Dunkin’ Donuts”, “Smashburger”, “Tim Ho Wan”, “Tortas Frontera”, “The Coffee edible bean & Tea Leaf” in addition to “Panda Express”. The other activities of JFC include manufacturing in addition to property leasing in support of the QSR systems in addition to other business activities.
Aside from the subsidiaries that develop in addition to operate the Company’s QSR trade names, JFC wholly owns Freemont Foods Corporation, which owns in addition to operates Jollibee stores in Visayas in addition to Mindanao, in addition to Grandworth Resources Corporation, a real estate company which owns or leases some of the properties used as store sites.
By the end of 2019, there were 1,195 Jollibee stores nationwide, of which 680 were franchised in addition to 515 were Company-owned. On international operations, Jollibee had 266 stores with 39 stores in the US, nine in Canada, one in Guam, one in Italy, one in United Kingdom of Great Britain in addition to Northern Ireland, 130 in Vietnam, 18 in Brunei, 10 in Hong Kong, nine in Singapore, one in Macau, one in Malaysia in addition to 46 in the Middle East.
MERRYMART Grocery Centers Inc. opened its first supermarket at the Ground Floor of DoubleDragon Plaza, DD Meridian Park, Bay Area, Metro Manila, in addition to the setting of MERRYMART’s 12-12-12 Vision 2030.
MERRYMART aims to cover all the grocery retail categories from small, medium in addition to large grocery retail formats. MERRYMART will have three (3) grocery retail formats:
1. MERRYMART Grocery
2. MERRYMART Market
3. MERRYMART Store
PH Resorts Group Holdings, Inc. (PHR), formerly Philippine H2O Ventures Corp. (H2O), was originally incorporated as Calapan Equity Ventures, Inc. on January 30, 2009 as an investment holding company.
In 2018, PHR became a subsidiary of Udenna Development Corporation (Udenna) through the sale in addition to purchase agreement between its former parent entity Jolliville Holdings Corporation in addition to Udenna. In the same year, PHR changed its corporate name in addition to primary purpose to the present one.
The Company’s has one subsidiary, PH Travel in addition to Leisure Holdings Corp. (PH Travel), the holding company for the gaming in addition to hospitality arm of the Udenna Group. PH Travel holds ownership interest in LapuLapu Leisure, Inc., the developer of Emerald Bay integrated tourism resort in Mactan, Cebu; Clark Grand Leisure Corp., a PAGCOR provisional licensee for the development in addition to operation of integrated Brunei Casino, hotel in addition to entertainment complex within Clark Freeport Zone; in addition to Donatela Hotel Panglao Corp, owner of Donatela Resort & Sanctuary in Panglao, Bohol. Source: PSE Edge/SEC Form 17-A (2019)
Lastly, Now Corporation (NOW), formerly Information Capital Technology Ventures, Inc., shifted its operations into telecommunications, media in addition to technology in 2013 from previous sale of securities.
The Company offers broadband networks, cloud hosting services, virtual private networks, multimedia content, online gaming, web hosting, cloud-based multimedia conference, cloud-based mail in addition to messaging service, electronic communications network in addition to services.
NOW owns the brand “WebsiteExpress.Biz”, which is a one-stop shop website development service providing micro, small in addition to medium-sized enterprises affordable in addition to professional websites in five days. In 2016, the Company expanded its service offerings with the introduction of its “Fiber-in-the-Air” fixed wireless broadband service.
News Links:
1. https://mb.com.ph/2020/11/05/stocks-rally-on-hopes-of-recovery/
2. https://www.philstar.com/business/2020/11/05/2054583/same-tax-treatment-all-online-gambling
3. https://business.inquirer.net/311090/coal-to-remain-key-component-of-ph-energy-mix
4.