Big shoutout to @Asia@Night for bringing this to my attention, which prompted the creation of this episode.
A brief back ground on LT Group, it is a Holding Firms listed in the PSE with a ₱120,117,416,667.90 market capitalization with 10,821,388,889 outstanding shares. The current price of the stock is around ₱11.18/share with a 52-week high of ₱15.50 and a 52-week low of ₱7.11.
If we compare the prices today to the prices when the pandemic started and the market crashed, it's still up by around 57.24%. However, from the 1-year high, the current price is currently down by -27.87%. In addition to this, the price action was a bit drastic the past couple of days which makes it a bit alarming (for some).
In this episode, we explore why LTG's price action is going down and find out if there's some sort of catalyst for this. We also discuss a subsidiary of LT Group, PAL Holdings, Inc. which might've caused the current dip on LTG stock prices.
💲Peso Smart PH is a channel that aims to educate Filipinos on how to handle their money better, invest in the stock market, take advantage of compound interest and discuss all things personal finance. I'm an avid fan of Warren Buffet, Mark Cuban, Gary Vaynerchuk, Robert Kiyosaki, Og Mandino and Tony Robbins. I wanted to share this journey with you guys to broaden my understanding and knowledge in the world of investing, money and wealth.
📃 Disclaimer: I'm not a financial advisor and I simply share my experiences and knowledge in the Philippine stock market. All my content are made for educational and informational purposes only and should not be deemed as financial advice. Trading stocks, cryptocurrencies and ETFs poses a risk of loss.
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