Haus Talk confident large projects will increase share priceIn the notes from the Haus Talk [HTI 0.85] [link] shareholders’ meeting, HTI’s Chairman, Terence Madlambayan, was asked about the stock price’s sub-peso price, and what efforts are being exerted to claw back to the IPO “strike price” of P1.50/share. Mr. Madlambayan said that the company’s “fundamentals are good”, and that the launch of the company’s two massive projects “will contribute to the increase in the market price of the HTI shares”. The two projects in question are the Biñan project (1,400 units) and the Mariveles project (2,200 units). As noted in an answer to another question, a few smaller projects that were listed on the IPO prospectus were canceled in favor of these larger headline projects. Merkado Barkada's opinions are provided for informational purposes only, and should not be considered a recommendation to buy or sell any particular stock.

Source: Philippine Star October 21, 2022 06:22 UTC