THE Philippine Stock Exchange, Inc. (PSE) is hosting an “investor day” about two weeks after the national elections in an attempt to attract more institutional and retail investors to put their funds in listed firms.
“This initiative forms part of PSE’s broader program to continuously provide value for companies even after their listing,” PSE President and Chief Executive Ramon S. Monzon said in a statement on Wednesday.
The event called PSE STAR (Strengthening Access and Reach) aims to provide participating publicly listed companies (PLCs) a venue to share their first-quarter financial showing, upcoming projects and business plans “in the new normal.”
Mr. Monzon said the investor day, which is set on May 24 to 26, is intended to support publicly listed firms, including non-PSE members and newly listed firms, with activities that can help boost their growth post-initial public offering.
“As a pilot event, we opted for an investor relations project geared towards increasing analysts’ coverage and potentially attracting more institutional and retail investors among the participating companies,” he added.
The virtual event will be hosted by Bloomberg LP, Fund Managers Association of the Philippines (FMAP) and Trust Officers Association of the Philippines (TOAP).
“With Bloomberg’s reach and FMAP and TOAP’s network, this event will give market participants locally and across the globe easy access to some of our PLCs,” Mr. Monzon said.
On May 24, the featured companies will be Monde Nissin Corp., Max’s Group, Inc., Century Pacific Food, Inc., The Keeper’s Holdings, Inc. and Axelum Resources Corp.
Filinvest Land, Inc., RL Commercial REIT, Inc., Megawide Construction Corp., Cemex Holdings Philippines, Inc. and AllDay Marts, Inc. will be featured on May 25.
Meanwhile, the May 26 program will be headlined by China Banking Corp., Security Bank Corp., Pilipinas Shell Petroleum Corp., Nickel Asia Corp., and Converge Information and Communications Technology Solutions, Inc.
Speakers will include Bloomberg Equity Research Analyst Ken Foong, Max’s Group Chief Financial Officer Maria Rochelle S. Diaz, Century Pacific Food Executive Chairman Christopher T. Po, The Keeper’s Holdings President Jose L. Santamarina, and Axelum Resources Vice-President Marie Z. Paguirigan.
The PSE said the event is open to the companies’ shareholders, buy and sell side analysts, and the investing public. — Luisa Maria Jacinta C. Jocson
