Data from the Philippine Stock Exchange showed a total of 32.24 million shares worth P562.55 million were traded from July 11 to 15.
“The run-up of the stock starting April 13 was due to positive reactive moves following disclosures in relation to its secondary listing on SGX,” China Bank Securities Corp. Research Associate Lance Gabriel U. Soledad said in a separate e-mail. “EMI’s international base is one of its strongest suits, so expanding this segment would greatly benefit the company in the long run,” Regina Capital Development Corp. Equity Analyst Anna Corenne M. Agravio said in an e-mail, referring to the ticker symbol of Emperador for both bourses.
Boosting its presence in the international markets, the Andrew L. Tan-led manufacturer of brandy and other alcoholic beverages made its debut in the Singapore Exchange Securities Trading Ltd. last Thursday. Its product portfolio is composed of domestic and foreign brands which include Emperador and Fundador brandies as well as Andy Player whisky, Smirnoff Mule, The Bar, The Dalmore and Jura single malt whiskies.
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