Quick Take: BPI teases growth and 2 more market updatesBPI [BPI 93.40 1.52%] [link] teased 9M net income growth of 74% to P30.5 billion, with revenues up 22% y/y and provisions for non-performing loans down 27%. PIZZA referred to this as a “milestone”, PIZZA notes that the Peri-Peri brand is the second largest in its portfolio. Since it was acquired in 2019 with 29 stores, PIZZA has now added 31 stores and is “ramping up store expansion”, leveraging its connections with the Gokongwei Group. MB Quick Take: PIZZA’s growth has set it up for a strong Q4 result, which is traditionally the high season for quick service restaurants. You can subscribe to the newsletter or follow on Twitter to receive the full daily updates.

Source: Philippine Star October 21, 2022 06:16 UTC