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In this today’s stock market summary,
First in review - ACEN. AC Energy Philippines, Inc. (ACEN), formerly PHINMA Energy Corporation (PHEN), was originally established and incorporated as Trans-Asia Oil and Mineral Development Corporation on September 8, 1969. ACEN is engaged primarily in power generation and supply, with secondary investments in petroleum and geothermal exploration. On October 11, 2019, the Securities and Exchange Commission approved the change in corporate name to the present one.
ACEN is engaged in power generation and trading, oil and mineral exploration, development and production. The Company was registered as a wholesale aggregator and is a licensed retail electricity supplier (RES). As a RES, the Company is allowed to supply electricity to the contestable market. Other activities of ACEN include investments in various operating companies and financial instruments. Source: PSE Edge
Also discussed is the stock MerryMart Grocery and Supermarket headed by Injap Sia, one of the hottest stocks in the Philippines today and the rival of Puregold with hundreds of nationwide branches.
MERRYMART Grocery Centers Inc. opened its first supermarket at the Ground Floor of DoubleDragon Plaza, DD Meridian Park, Bay Area, Metro Manila, and the setting of MERRYMART’s 12-12-12 Vision 2030.
MERRYMART aims to cover all the grocery retail categories from small, medium and large grocery retail formats. MERRYMART will have three (3) grocery retail formats:
1. MERRYMART Grocery
2. MERRYMART Market
3. MERRYMART Store
Next in review - BSC. Basic Energy Corporation (BSC)’s primary purpose is the production of ethanol and other biofuels, and the development of other alternative and renewable energy sources.
As a holding company, BSC fully owns the following subsidiaries: Basic Diversified Industrial Holdings, Inc., an investment holding company; iBasic, Inc., an information technology management company and service integrator; Basic Biofuels Corporation, a biofuels developer; Basic Renewables, which is into the development of renewable energy; Basic Geothermal Energy Corporation, which is into geothermal energy development; and Grandway Group Limited, a Hong Kong based unit in charge of equity investments abroad. The Company also owns 72.58% of Southwest Resources, Inc., an oil exploration company.
BSC was awarded by the Department of Energy (DOE) a total of five service contracts for the exploration and development of geothermal energy in Mabini, Batangas; Mariveles, Bataan; East Mankayan, Benguet; Iriga, Camarines Sur; and West Bulusan, Sorsogon. The Company was also previously awarded by the DOE four hydro-power service contracts all located in Negros Occidental, but BSC has withdrawn from these service contracts to focus on its drilling operations in Mabini, Batangas. This service contract was, however, terminated by the Department of Energy (DOE) in a letter dated June 14, 2019. Source: PSE Edge
LIHC reviewed. Lodestar Investment Holdings Corporation (LIHC), formerly Lodestar Mining Corporation, was originally incorporated on January 3, 1974 as a mining and natural resources exploration company. The Company was engaged in the development of several gold and chromite mining claims in Masbate, Cebu, Negros Occidental, and Palawan.
Last in review - APL. Apollo Global Capital, Inc. (APL), formerly Yehey! Corporation (YEHEY) was incorporated on June 10, 1998 with a primary purpose to engage in the business of internet online-related products relating to database research engine; to engage in other pre-production and post-production work on web sites in internet; and to sell and market said products in the form of advertising of finished products in the domestic or export market. In 2014, the Company is 66.95% owned by Vantage Equities, Inc. Source: PSE Edge
Eh eh eh energy!!!!!
thank you Tito vlogs for another insight God Bless us always
Good evening Tito ? auto liked ?
Good eve tito