We’ve been blogging for free. If you enjoy our content, consider supporting us! Disclaimer: This is for informational purposes and is not investment advice. Figures are taken from company disclosures and exchange data; valuation ratios include the author’s calculations based on cited inputs. By most measures that matter to dividend-minded investors, Converge ICT’s latest numbers read like a company stepping into a more mature phase—still growing fast, still investing heavily, but now increasingly comfortable returning cash to shareholders. The question, of course, is whether this comfort is a one-off or the start of a durable pattern. The answer from Converge’s 9M2025 (17‑Q) and its FY2025 performance update is nuanced: earnings momentum is clearly upward, cash generation is still robust, but the path to higher dividends will likely be paced by working-capital discipline and capex intensity. A topline that keeps compounding—without losing its margin edge Start...
We’ve been blogging for free. If you enjoy our content, consider supporting us! Disclaimer: This is for informational purposes and is not investment advice. Figures are taken from company disclosures and exchange data; valuation ratios include the author’s calculations based on cited inputs. By the time the antitrust clearance landed, the market had already begun to rediscover MerryMart Consumer Corp. (MM)—a quick repricing that looks more like relief than conviction. The Philippine Competition Commission’s (PCC) green light for DoubleDragon’s entry removes a key uncertainty, and it reinforces the narrative of a “strategic” partnership between property infrastructure and essential retail. But if MM’s share price is to stage a sustained recovery—one that survives the news cycle and outlasts the next bout of risk-off trading—it will need to deliver what public markets ultimately demand: better unit economics, structurally higher margins, disciplined rollout quality, an...