{"id":329432,"date":"2024-09-12T00:28:37","date_gmt":"2024-09-11T16:28:37","guid":{"rendered":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/?p=329432"},"modified":"2024-09-12T00:28:39","modified_gmt":"2024-09-11T16:28:39","slug":"trade-the-news-rrhi-looking-to-acquire-new-brands-to-diversify-portfolio","status":"publish","type":"post","link":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/trade-the-news-rrhi-looking-to-acquire-new-brands-to-diversify-portfolio\/","title":{"rendered":"Trade the News: RRHI looking to acquire new brands to diversify portfolio"},"content":{"rendered":"\n<figure class=\"wp-block-table is-style-stripes\"><table><tbody><tr><td><strong>Potential Impact of this News<\/strong><\/td><td><strong>POSITIVE on the stock price<\/strong><\/td><\/tr><tr><td><strong>Company<\/strong><\/td><td>Robinsons Retail Holdings Inc.<\/td><\/tr><tr><td><strong>Stock Code<\/strong><\/td><td>RRHI<\/td><\/tr><tr><td><strong>Long-term Recommendation on the Stock<\/strong><\/td><td>Buy<\/td><\/tr><tr><td><strong>1-Year Target Price<\/strong><\/td><td>PHP 61.75<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<div style=\"height:26px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p>Robinsons Retail Holdings Inc. (RRHI) is looking to diversify into new market segments with a number of brands currently on its add-to-cart list of potential acquisitions.<\/p>\n\n\n\n<p>\u201cThere are a few that we\u2019re looking at but we are still not at liberty to divulge right now. From time to time we\u2019re always looking for opportunities,\u201d RRHI COO Stanley Co said.<\/p>\n\n\n\n<p>As one of the country\u2019s largest multi-format retailers, RRHI currently has an expansive network of food stores, drugstores, department stores, do-it-yourself stores and specialty stores.<\/p>\n\n\n\n<p>The brands under its portfolio include Uncle John\u2019s, Shopwise, The Marketplace, Handyman, True Value, No Brand, Daisy Japan, The Generics Pharmacy (TGP), Southstar Drug, Rose Pharmacy, Toys \u201dR\u201d Us as well as Robinsons Supermarket, Easymart and Department Store, among others.<\/p>\n\n\n\n<p>For the second semester, RRHI is optimistic it can sustain its strong momentum in the first half as it accelerates store openings while moderating inflation is seen as a boon for consumer spending.<\/p>\n\n\n\n<p>Co said RRHI could still open about 100 more stores before the year ends.<\/p>\n\n\n\n<p><em>(News Source: <a href=\"https:\/\/www.philstar.com\/business\/2024\/09\/09\/2383797\/robinsons-targets-new-segments-it-ramps-acquisition-mode\">Philippine Star<\/a>)<\/em><\/p>\n\n\n\n<div style=\"height:26px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p style=\"font-size:16px\"><em><em><em>This report is prepared by PinoyInvestor\u2019s partner broker below. Find out more about <a href=\"https:\/\/www.pinoyinvestor.com\/smartinvestor\/our-partner-brokers\/\">our partner brokers<\/a> and sign up to avail their complete trading brokerage services.<\/em><\/em><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>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-329432","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\/329432","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=329432"}],"version-history":[{"count":1,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts\/329432\/revisions"}],"predecessor-version":[{"id":329434,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts\/329432\/revisions\/329434"}],"wp:attachment":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/media?parent=329432"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/categories?post=329432"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/tags?post=329432"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}