I read this printed in the shirt of someone:
“Some say WE CANNOT LIVE WITHOUT LOVE, I think oxygen is more important.”
The spill incident by ORE’s subsidiary Citinickel is not financially damaging for the Company:
A fine of not more than P600k? What is that to a company that earns 500 million and generates 200+ million free cash flows?
Strengthened peso damages the margins of some companies like I-Remit but it also benefits some companies.
The obvious business activity that will benefit on the strengthened peso is importation. Strengthened peso can also benefit a company’s balance sheet if it has substantial debt that is in foreign currency.
Find your next investment opportunity by asking yourself these questions:
What company imports and sells it here in the Philippines?
What company has huge foreign debt?
Happy hunting! 🙂