Meralco's share price maintained its momentum, rising by 1.34 percent to close at P455 apiece yesterday.
Analysts interviewed by The STAR attributed the positive investor sentiment to the latest development in Meralco's legislative franchise renewal.
House Bill 10926, which seeks to extend Meralco's operation, was approved by a voice vote last Tuesday.
Once enacted into law, the power distribution giant is expected to provide electric service to its franchise coverage until 2053.
"An approval will ensure the continuation and stability, which can lead to increased investor confidence," AB Capital Securities Inc. vice president Jovis Vistan said.
Cristina Ulang, head of research at First Metro Investment Corp., said the possible franchise renewal is a "strong vote of confidence on the Meralco brand." The current franchise of Meralco is set to expire in 2028.
この記事は The Philippine Star の September 27, 2024 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。
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この記事は The Philippine Star の September 27, 2024 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。
すでに購読者です? サインイン
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