FWIW here is one analyst's view on the Philippino situation from a trading perspective
Cheers
John
Column 1 0 1 A Philippino pair trade
Posted: 27 Sep 2016 12:51 PM PDT
An idea for instos and funds with easier access to the short side. Considering...1) the apparent difference in gravity between the company infractions (according to the Philippino govt anyway), as BTO's looks rather admin-related while OGC's looks potentially serious2) the relative exposure of the two companies to the country in NAV terms (OGC has more percentage of its overall corporate neck on the line)3) the roughly equal share price reaction so far today (I recently saw BTO down 12% and OGC down 13%) ...a decent pair trade looks like long BTO/short OGC from here.
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FWIW here is one analyst's view on the Philippino situation from...
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