10 hottest stocks of 2020: Injap, JAZA, Frank Lao, Dennis Uy make it rain during time of corona
Business Headlines

10 hottest stocks of 2020: Injap, JAZA, Frank Lao, Dennis Uy make it rain during time of corona

2020 is a year to forget being the worst since the world wars.

But some investors will remember it for the handful of companies that delivered triple-digit rise in stock prices amid the gloom and doom brought about by the pandemic.

Here are the top 10 best performing stocks that kept investors hyped while being locked in self-quarantine at home:

1) MerryMart rocketed 312 percent to P6.18 from its initial public offering price of P1.50 six months ago. MM’s dizzying rise enabled Mang Inasal founder Injap Sia to come back to the elite list of Filipino dollar billionaires after a three-year absence.

Injap Sia still got the magic touch: MerryMart shares surge 50% in market debut

2) AC Energy zoomed 293 percent to P9 from P2.29 year to date. The company chaired by Jaime Augusto Zobel de Ayala has defied analysts’ warnings that its stock was too expensive at more than P3. ACEN posted P2.93 billion in profits through the first nine months of 2020. ACEN is on track to boosting its capacity to 5,000 megawatts by 2025 (from 1,000 MW) with the entry of a GIC affiliate (P20 billion for 17.5 percent), P8.1 billion stock rights offering in 2021, and $300 million “green” bond issue.

AC Energy raises $300M via green bonds

3) Premiere Horizon climbed 223 percent to P1.10 from 34 centavos a year ago. This shell company came to life after Squidpay’s Marvin Dela Cruz took over 55 percent of PHA for P925 million a month ago.

One foot in: SquidPay’s Marvin Dela Cruz takes initial 11% stake in backdoor listing of Premiere Horizon

4) MRC Allied soared 215 percent to 59 centavos from 18.7 a year ago. MRC is in the midst of a transformation into a holding firm under PT&T chairman Buddy Zamora.

MRC to take over security solutions provider

5) Mining firm Apollo Global Capital jumped 205 percent 12.8 centavos from 2019. APL started its surge in November following news that Chinese resto king turned “iron man”, Frank Lao, would bring in two vessels, worth $20 million each, that would unlock the firm’s magnetite iron prospect off Zambales.

From Chinese resto king to iron man: Frank Lao ties up with Apollo group for huge mining project

6) Nihao Mineral Resources rose 196 percent to P3.02 from P1.02 last year. NI rode on the back of renewed speculation on the mining industry after Finance Secretary Sonny Dominguez pushed for the revival of the industry three years after then Environment Secretary Gina Lopez closed down mining companies.

Zamora’s Nickel Asia leads mining stock surge after Domiguez bares plan to revive industry

7) Dito Telecommunity rang up 181 percent to P10.90 from P3.88 last year. Dennis Uy made a lot of tsupiteros happy after he finally injected his telecommunication business into the shell company previously owned by Bobby Ongpin.

Dennis Uy restructuring: Chelsea gets P532M but its Dito stake shrinks to 6% from 25%

8) Benguet stepped up 174% to P3.10 and 150% to P3 for B shares. The Romualdez-led firm reversed its fortunes and posted P82.84 million in the first nine months due to rising gold and nickel prices.

Benguet swings to profit, shares soar

9) Atlas Mining increased by 158 percent to P6.46 from P2.50 in 2019. The mining firm led by the son of bilyonaryo Fred Ramos, Adrian, posted P490 million in the first three months this year on higher gold and copper prices and bigger volume.

Carmen Copper mine collapse: Kins of deceased get financial aid

10) Abra Mining soared 107 percent to 29 centavos from 14 centavos.

PSE calls out this mining firm for unusual price movement

0 0 votes
Article Rating
Subscribe
Notify of
guest

This site uses Akismet to reduce spam. Learn how your comment data is processed.

0 Comments
Inline Feedbacks
View all comments
0
Would love your thoughts, please comment.x
()
x