FREE Market Commentary: BIR Crackdown vs. Illegal Chinese Workers Could Benefit MEG

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Market Issue or Event

The BIR is going after the income tax payments of more than 130,000 unregistered Chinese working in the Philippine offshore gaming operators (POGO) sector.

 

Our Partner Broker’s View and Commentary

We believe that this move by the BIR to impose taxes on POGO workers provides an opportunity for the latter to operate legally in the country. If this will be the case, the risk on the possible crackdown of POGOs in the country could be covered.

This could then be positive for Megaworld Corp. (MEG) being the biggest office landlord among listed property developers.

 

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This report is prepared by PinoyInvestor’s partner broker below. Sign up to this stock broker to avail of their complete trading brokerage services:

AP Securities (formerly Angping & Associates Securities)
AP Securities (formerly Angping & Associates Securities)

AP Securities (formerly Angping & Associates Securities) is one of PinoyInvestor’s partners in delivering superior and reliable stock research reports that help Filipino investors make smart stock investing decisions! Learn more about them here.