APS Daily Market Insights August 8, 2017

TOP NEWS HEADLINES

 DD Plans P7.5 Bn Follow-on Offering. Double Dragon Properties Corp. plans to conduct a follow-on offering (FOO) of 150 Mn shares amounting to P7.5 Bn, in a bid to join the PSEi in the near term. Currently, DD has a free float level of 25.6% and will have a 30.3% float after the FOO. Assuming DD will reach its 2020 net income target of P5.5 Bn, earnings will record a CAGR of 50.25%. Price to book estimates for 2018 stood at 3.6x while 2018PER stood at 46.9x assuming current price levels.
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  • APS Daily Market Insights August 8, 2017
    TOP NEWS HEADLINES  DD Plans P7.5 Bn Follow-on Offering. Double Dragon Properties Corp. plans to conduct a follow-on offering (FOO) of 15...
  • Start your Crypto hustle!!!
      Click on the link to kickstart your crypto portfolio. https://accounts.binance.com/en/register?ref=117226968