7 months Bright prospects expected for Travellers International Manilatimes |Biz
PROSPECTS for Resorts World Manila operator Travellers International Hotel Group, Inc. appear bright but trading in its shares last week was not spared from a market downturn. Travellers’ shares were flat week-on-week, finishing at P5.64 on Friday from the P5.63 posted on March 22 amid the Philippine Stock Exchange index’s 1.15-percent week-on-week drop. It was down by 4.4 percent from a 52-week high of P5.90 and by 2.8 percent from this year’s highest price of P5.80. On a year-to-date basis, the company’s shares remain up 7 percent. Philstocks Financial Inc. research associate Japhet Louis Tantiangco said the flattish trading could ... more