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Marcos-Linked Stocks Post Windfall Gains in Election Month

  • PhilWeb, Araneta, Prime Media surge on presidental vote
  • These equities are among Philippines’ big winners in May
Ferdinand Marcos Jr.

Ferdinand Marcos Jr.

Photographer: Ted Aljibe/AFP/Getty Images

Investors who bought stocks tied to Ferdinand Marcos Jr. and his family ahead of the Philippines’ presidential election this month have enjoyed windfall gains as he coasted to victory.

Three of the nation’s five best performing equities in May were linked to Marcos. PhilWeb Corp., a gaming company owned by his brother-in-law Gregorio Araneta III, soared more than 60% in its best monthly gain in more than seven years. The businessman’s Araneta Properties Inc. returned about 50%, as did Prime Media Holdings Inc., owned by the family of Marcos’ cousin Deputy House Speaker Martin Romualdez.