Thread by @ANCALERTS

NOW on ANC: Get the real stories behind the numbers in today's episode of #MarketEdge with @michelle_d_ong.

@michelle_d_ong ISOC Holdings Founder & CEO Michael Cosiquien: We hit the jackpot with cold storage facilities, while most are located outside Metro Manila. ISOC is building within the Metro, in Taguig & Caloocan (to be operational soon); Orca Cold storage hit over 100% capacity during lockdown

@michelle_d_ong #MarketEdge Cosiquien: After 3-4 years, we expect property market to go back to pre-pandemic levels. Sustainability is key today; we future-proof designs of residential condos. Almost 50% of tower 1 of maiden condo is Sucat already sold, we are about to launch tower 2

@michelle_d_ong #MarketEdge Cosiquien: Costs more competitive today--we are able to negotiate with suppliers and contractors; banks are also more accommodating. We are proceeding with launches of Cloverleaf project, Clark Freeport project too although we expect delays | via @michelle_d_ong

@michelle_d_ong #MarketEdge Cosiquien: Maybe in 4-5 years, we can start thinking about listing for ISOC holdings or REIT for our cold storage; we plan to create a nationwide network of automated cold storage- in CDO, Cebu, also looking at Northern Luzon | via @michelle_d_ong

@michelle_d_ong #MarketEdge Cosiquien: I’m still the same aggressive businessman, my friend says I have “fire in my belly”; but I’m also older and wiser. | via @michelle_d_ong

@michelle_d_ong Royce Aguilar, First Metro Securities: Market waiting for better Q3 earnings and looser restrictions before jumping, foreigners also on wait & see mode. Q3 expected to be better than Q2 earnings (down 50%)- full year corp earnings seen contracting 30%; consumer to outperform

@michelle_d_ong #MarketEdge Aguilar: Expect rebound for cyclicals like property and banking- expect some earnings upside; mighty peso to soften next year as infra spending expected to be front& center in post-pandemic PH | via @michelle_d_ong

@michelle_d_ong #MarketEdge Aguilar likes this stock- which may be a laggard in its industry, but has capacity to outperform when its project in China will finally be reflected in group’s revenue in H2 of the year, Target price is at P27 | via @michelle_d_ong

@michelle_d_ong Australian Embassy in PH Political-Economic Counselor James Yeomans: Private sector key in recovery; PH business dynamic and innovative. | via @michelle_d_ong #MarketEdge

@michelle_d_ong #MarketEdge Yeomans: Aussie govt will co-finance (up to P17.5-M) investment by small businesses in sustainable ideas/ projects; focus pivots to healthcare and #COVID19 recovery. | via @michelle_d_ong