Wednesday, May 15, 2013

stok tots: TI (15 may 2013)

3hTravellers files IPO application: up to 1.49B common shares with an overallotment option of up to 223.56M shares at max price P23.38/sh

well .. i guess thats the reason for today's AGI price action ... im speculating that agi will be the proxy play for TI up to the actual listing of TI ...

TI's net income contribution to AGI for 1Q2013 went up from 391 million pesos in 1Q2012 to 461 million pesos or an increase of 17.9% year on year ... considering that these are 1Q 2013 figures .. we still cant see the impact of the opening of bloom to resorts world ... i guess by 2Q2013 .. we will know by then how the competition has affected resort's worlds bottom line ..