{"id":328812,"date":"2024-08-07T11:00:14","date_gmt":"2024-08-07T03:00:14","guid":{"rendered":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/?p=328812"},"modified":"2024-08-07T11:00:16","modified_gmt":"2024-08-07T03:00:16","slug":"trade-the-news-ac-in-talks-with-another-strategic-investor-interested-to-buy-gcash-stake","status":"publish","type":"post","link":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/trade-the-news-ac-in-talks-with-another-strategic-investor-interested-to-buy-gcash-stake\/","title":{"rendered":"Trade the News: AC in talks with another ‘strategic investor’ interested to buy GCash stake"},"content":{"rendered":"\n
Potential Impact of this News<\/strong><\/td>POSITIVE on the stock price<\/strong><\/td><\/tr>
Company<\/strong><\/td>Ayala Corp. (AC)<\/td><\/tr>
Stock Code<\/strong><\/td>AC<\/td><\/tr>
Long-term Recommendation on the Stock<\/strong><\/td>Hold<\/td><\/tr>
1-Year Target Price<\/strong><\/td>PHP 815.15<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n
<\/div>\n\n\n\n

Another strategic investor could enter Mynt, the operator of mobile payments giant GCash, after the company sealed a landmark deal with Japanese banking giant MUFG Bank<\/a> that valued the country\u2019s first unicorn at $5 billion.<\/p>\n\n\n\n

Ayala Corp. (AC) disclosed in a regulatory filing last week that it is in negotiations with a strategic partner to purchase some of its shares.<\/p>\n\n\n\n

\u201cAC is currently in discussions with a strategic investor which has expressed interest in acquiring a portion of its ownership stake in Mynt subject to completing due diligence and receiving its approvals,\u201d the company said.<\/p>\n\n\n\n

This came as Ayala invested P23 billion in Mynt last week, matching MUFG\u2019s 8 percent purchase of the financial technology giant.<\/p>\n\n\n\n

This raised Ayala\u2019s stake from 5 percent to 13 percent.<\/p>\n\n\n\n

It appears there\u2019s a second stage to this deal, with MUFG\u2019s entry being only the first phase.<\/p>\n\n\n\n

Ayala purchased additional shares with the intention of selling all or part of these to another strategic entity.<\/p>\n\n\n\n

Apart from Ayala and MUFG, Mynt\u2019s other major shareholders are Ayala telecommunications arm Globe Telecom and China\u2019s Ant Financial, each owning roughly a third of the company, with the remainder split among other financial investors.<\/p>\n\n\n\n

A strategic investor offers industry expertise and long-term support in addition to financial resources. In contrast, a financial investor primarily invests money to grow the business but plans to profit from its investment and exit within a shorter time frame.<\/p>\n\n\n\n

As Globe CEO Ernest Cu pointed out in this Insider Insight report, MUFG is a strategic investor given their plans to aggressively grow GCash\u2019s lending business.<\/p>\n\n\n\n

<\/div>\n\n\n\n

This report is prepared by PinoyInvestor\u2019s partner broker below. Find out more about our partner brokers<\/a> and sign up to avail their complete trading brokerage services.<\/em><\/em><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Take advantage of the price opportunity that might arise when the news hits. Trade the news!<\/p>\n","protected":false},"author":11,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1371],"tags":[],"class_list":["post-328812","post","type-post","status-publish","format-standard","hentry","category-trade-the-news","generate-columns","tablet-grid-50","mobile-grid-100","grid-parent","grid-33"],"_links":{"self":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts\/328812","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/users\/11"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/comments?post=328812"}],"version-history":[{"count":1,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts\/328812\/revisions"}],"predecessor-version":[{"id":328814,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts\/328812\/revisions\/328814"}],"wp:attachment":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/media?parent=328812"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/categories?post=328812"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/tags?post=328812"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}