Stock professionals surveyed in the Philippines on 2 July on stocks to buy and sell for the current week advised investment in San Miguel Corp. at PHP 47.50 a share, citing the fact that the managemen…
Stock professionals surveyed in the Philippines on 2 July on stocks to buy and sell for the current week advised investment in San Miguel Corp. at PHP 47.50 a share, citing the fact that the management, led by Chairman Eduardo Cojuangco, has stirred the company in the right direction in terms of new business acquisitions and expansion efforts. The likelihood of the government taking over the food and beverage conglomerate is now very slim because of the recent alliance between the political parties of Cojuangco, a known ally of deposed leader Joseph Estrada, and the administration of President Gloria Macapagal Arroyo. The government has long claimed ownership over a disputed 47% stake in San Miguel.