Filipinos experienced a more convenient way to participate in San Miguel Corporation’s (SMC) recent ₱30-billion preferred share offering through GStocks PH, offered by broker AB Capital Securities Inc., in the GCash app. The offering saw strong retail demand on the platform, giving GCash users access to preferred shares with annual dividend rates of up to 8.6483%. The SMC offering featured three preferred shares, all priced at ₱75 per share: SMC2V, with an 8.0401% annual dividend rate; SMC2W, at 8.3570%; and SMC2X, at 8.6483%. On GStocks PH, demand exceeded the broker’s initial allocation across all three shares, with SMC2V oversubscribed by 3.1 times, SMC2W by 1.3 times, and SMC2X by 1.7 times. The strong demand highlights growing interest among Filipino retail… Read More
Filipinos gain opportunity to earn from San Miguel share sale through GStocks PH
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