Why do I like MPI?
Metro Pacific Investments or MPI is Manny V. Pangilinan's conglomerate investing in infrastructures such as Tollways , MRT/ LRT, Hospitals (Makati Med) , Meralco etc. When we talk about MVP , I consider him a Guru , a Pinoy version of Warren Buffet one of the richest man and the best investor in the world. When it comes to his contributions , we saw how he acted during the recent Tacloban typhoon Yolanda tragedy being one of the first to be there to help personally. I believe that the Almighty in heaven bless such act of genuine kindness multiple times over.
So much for the man I idolize , when it comes to his company MPI is one of the best . Metro Pacific Investments Corp. (MPI) recently increased its stake in Manila Electric Corporation (MER). In a filing, MPI purchased 56.34 million shares of MER owned by Beacon Electric Asset Holdings, Inc. for PHP 235.00 per share, same as JG Summit (JGS)’s purchase price, for an aggregate amount of PHP 13.25 billion.
According to Angping & Associate analysis : that the transaction is an accretive acquisition (gradually adding value to Earnings Per Share) for MPI as the purchase price presents a 13.8% discount to our Net Asset Value (NAV) estimate and Target Price for MER of PHP 290.00 per share. This type of information and more is only available to Premium subscribers of PinoyInvestor. That's why for beginners I advise to subscribe now for as low as P399 a month , be guided on your investments while learning all the technicalities of stock investing and be sure of your growth as an investor. They will tell you which company stock(s) to buy at what price , when to sell and at what price to sell making sure that you'll be a winner in this game called stocks investing.
