• The stock is currently up 97% from the beginning of the year.
  • It is currently trading below its MA20 and MA50, but above MA8 and MA100.
  • Daily trade volume has ranged from P20-50 million.
  • After falling from recent peaks, the stock has found support at P1.90. It has been veering to the side.
  • This remains a chance to acquire when it is beyond support.

Business Description

PHA is a holding firm focusing on rural development programs. The aim of PHA is to participate in sustainable development of the countryside utilizing emerging technologies and best practice in areas such as food security, the growth of natural resources, life sciences and technology, and tourism.

Premiere Georesources and Development, Inc., West Palawan Premiere Development Corp., Goshen Land Capital, Inc., Concepts Unplugged Business Environment Solutions, Inc., and Digiwave Solutions Inc. are its running subsidiary and affiliations. PHA also has ownership of its pre-operating operations: PH Big Bounty Entertainment, Inc.; PH Mining and Development Corporation; PH Agriforest Corporation; and PH Premiere Horizon Business Services, Inc. and Premiere e-Teleservices which is being liquidated.

New Developments

  • PHA revealed to the exchange that an investor party headed by businessman Marvin C. Dela Cruz had completed payments for the initial cash contribution of P300 million for 55 percent of the company’s ownership.
  • PHA is a component of the FTSE Global Equity Index Series for Asia Pacific ex-Japan ex-China, as well as the FTSE Micro Cap and FTSE Total Cap indices.
  • Squidpay Technology Inc. has entered into final stage negotiations to acquire a 60 percent interest in Phil Star, a Batangas City-based development bank.
  • After receiving its Electronic Money Issuer (EMI) license from the Bangko Sentral ng Pilipinas (BSP) in December, SquidPay Technology Inc. will now act as an e-wallet.
  • SquidPay Technology, a Filipino fintech company, announced a series A round of 100 million pesos (roughly US$2 million) and a separate line of credit worth 100 million pesos negotiated by Eastern Securities Development Corporation.
  • The corporation sold 2.8 billion stock, or 55 percent of its equity, to a consortium of investors headed by businessman Marvin C. Dela Cruz, owner of financial technology (fintech) firm Squidpay Technology, Inc.

LEAVE A REPLY

Please enter your comment!
Please enter your name here