THE Philippine Stock Exchange Inc. on Tuesday said it is set to hold the second edition of its investor relations activity, which hopes to link the general public with listed firms, especially those that do not hold a briefing of its financial reports.
“The success of the first-ever PSE STAR: Investor Day affirmed our objectives in providing a communication platform for PLCs (publicly-listed companies). We are re-staging the investor day to give other PLCs the opportunity to share their growth stories and interface with analysts and investors,” PSE president and CEO Ramon S. Monzon said.
The second PSE STAR or short for Strengthening Access and Reach Investor Day is set on August 16 to 18. It will feature a new set of publicly-listed companies that will tackle their first-half financial results, the factors affecting their business performance, and their outlook for the remainder of the year.
Monzon earlier said company briefings may be a common communication platform for listed companies in other countries, but this is still not a very common activity among Philippine listed companies.
In the 2021 reporting season in April, for instance, less than a third of the PSE’s 259 active listed firms, conducted a company briefing to discuss their full year 2021 results, the PSE said.
“We hope that this investor day activity will encourage more companies to regularly hold presentations to analysts and investors. The PSE plans to host an investor briefing for listed companies every quarter henceforth,” Monzon said during the first PSE investor day event in May.
“Information is integral to a well-informed market. While companies issue disclosures and press releases, addressing investors in a briefing like this presents a unique opportunity for companies and their existing and potential shareholders to interface, even if in a virtual set up. With increased awareness on prospects and plans, we hope to increase analysts’ coverage on our second-tier listed companies. We also hope to boost investor confidence, which in turn will prop up demand for shares of these companies,” he said.
The PSE said the firms that will join investor day include Bank of Commerce, Bloomberry Resorts Corp., Cebu Air Inc., Citicore Energy REIT Corp., D.M. Wenceslao and Associates Inc., D and L Industries Inc., Double Dragon Corp., Manila Water Co. Inc., MREIT Inc., Petron Corp., Philex Mining Corp., Philippine Seven Corp., Semirara Mining and Power Corp., Shakey’s Pizza Asia Ventures Inc. and Union Bank of the Philippines.
The PSE’s second investor day event is co-hosted by Bloomberg LP with the Fund Managers Association of the Philippines and Trust Officers Association of the Philippines as event partners.
The event is open to the company’s shareholders, buy and sell side analysts as well as the investing public in general.