From PNX to SM

Aside from the stock dividends, the Mokong was banking on PNX as a possible election play: increase in fuel consumption due to campaigning activities. But as the saying goes, "SHIT HAPPENS!!!". Now that the DOJ is reviving the 5 Billion pesos smuggling case against PNX, the Mokong deems it necessary to stay out and wait for it to create a new bottom. From the revenues of unloading PNX, the Mokong increased his exposure to SM. With the approval of the 25% stock dividends and the promise of Php11.8/share cash dividends, would SM finally bounce from that secondary uptrend support.

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