Universal Robina, LT Beware: San Miguel Food Share Sale May Hurt
- Some traders ponder switching consumer names: AP Securities
- San Miguel Food is safest Philippine consumer play: AB Capital
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San Miguel Food and Beverage Inc.’s $619 million share sale may bring more pain to other Philippine peers.
Analysts say the sale would more than double the supply of San Miguel Food stock available for trading, attracting investors who so far have steered clear from it because of a lack of liquidity. That could mean they’d dump other consumer-staples companies such as Universal Robina Corp. and LT Group Inc. to raise cash for San Miguel Food.