Betty Ang’s Monde Nissin is 16th largest PSE stock, 6 spots behind Gokongwei’s URC
Food

Betty Ang’s Monde Nissin is 16th largest PSE stock, 6 spots behind Gokongwei’s URC

Bilyonaryo Betty Ang’s Monde Nissin ranked as the 16th biggest stock in the Philippine Stock Exchange following its public listing last week.

Monde, which closed the week at 10 centavos off its IPO price of P13.50, has a market cap of P240.779 billion.

Monde is six spots below its rival Universal Robina Corp. of the Gokongwei family which ranked No. 10 with a market cap of P308.582 billion. URC fell 1.2 percent week-on-week to P140 during Monde’s debut.

Monde is the undisputed leader in instant noodles with its Lucky Me brand eating up 68.67 percent of the market in 2020 versus URC’s Nissin with 20 percent.

Monde also leads the biscuit market (Sky Flakes, Fita, and Grahams) ahad of URC and Rebisco.

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