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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.
Showing posts with label APS Daily Market Insights August 8. Show all posts
Showing posts with label APS Daily Market Insights August 8. Show all posts
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