Marcos-linked stocks post windfall gains in election month | Bloomberg News

  • 📰 BusinessMirror
  • ⏱ Reading Time:
  • 12 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 8%
  • Publisher: 59%

France Nouvelles Nouvelles

France Dernières Nouvelles,France Actualités

Investors who bought stocks tied to Ferdinand Marcos Jr. and his family ahead of the Philippines’s presidential election this month have enjoyed windfall gains as he coasted to victory.

Three of the nation’s five best performing equities in May were linked to Marcos. PhilWeb Corp., a gaming company owned by his brother-in-law Gregorio Araneta III, soared more than 60 percent in its best monthly gain in more than seven years. The businessman’s Araneta Properties Inc. returned about 50 percent, as did Prime Media Holdings Inc., owned by the family of Marcos’ cousin Deputy House Speaker Martin Romualdez.

Expectations the stocks would fare better under a Marcos presidency lured investors, like Kevin Khoe, 48, who started buying PhilWeb in January as surveys showed Marcos consistently leading by a wide lead over his rivals.

Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 19. in FR
 

Merci pour votre commentaire. Votre commentaire sera publié après examen.

France Dernières Nouvelles, France Actualités