{"id":330228,"date":"2024-11-05T15:05:07","date_gmt":"2024-11-05T07:05:07","guid":{"rendered":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/?p=330228"},"modified":"2024-11-05T15:05:09","modified_gmt":"2024-11-05T07:05:09","slug":"trade-the-news-phn-sets-stock-rights-offer-price-at-p20-per-share","status":"publish","type":"post","link":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/trade-the-news-phn-sets-stock-rights-offer-price-at-p20-per-share\/","title":{"rendered":"Trade the News: PHN sets stock rights offer price at P20 per share"},"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>Phinma Corp.<\/td><\/tr><tr><td><strong>Stock Code<\/strong><\/td><td>PHN<\/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 31.88<\/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>Phinma Corp. (PHN) has set the price for its stock rights offering (SRO) shares at P20.00\/share, with an entitlement ratio of 1 SRO share for every 5.73 existing PHN shares owned.<\/p>\n\n\n\n<p>his diversified conglomerate plans to spread the P1 billion it will raise from this SRO across a lot of projects. While this SRO won\u2019t be used to fund the expansion of PHN\u2019s education interests, it does have a huge injection already from KKR that it can use, and that injection implies a need to possibly spin the education unit off in an IPO in the next few years to give KKR an exit.<\/p>\n\n\n\n<p><em>(News Source: <a href=\"https:\/\/www.philstar.com\/business\/stock-commentary\/2024\/11\/04\/2397572\/phinma-sets-sro-price-p2000share#:~:text=PHINMA%20Corporation%20%5BPHN%2020.50%20%3F4.3,5.73%20existing%20PHN%20shares%20owned.\">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-330228","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\/330228","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=330228"}],"version-history":[{"count":1,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts\/330228\/revisions"}],"predecessor-version":[{"id":330230,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts\/330228\/revisions\/330230"}],"wp:attachment":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/media?parent=330228"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/categories?post=330228"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/tags?post=330228"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}