Inquirer
MANILA, Philippines – Fast-food giant Jollibee Foods Corp. could face weaker liquidity and lower foreign investor visibility after its confirmed migration to the MSCI Philippines Small Cap Index next month. In a report, First Metro Securities Brokerage Corp. and DBS Bank, reinstated a “hold” recommendation on Jollibee while sharply cutting the fast-food giant’s target price to P145 from P300 previously. The report followed MSCI’s confirmation that it will transfer Jollibee Foods Corporation to the MSCI Philippines Small Cap Index from the MSCI Philippines Standard Index starting June 1, 2026. READ: Stock market investors start pricing in MSCI rebalancing “This can weigh […]... Keep on reading: Jollibee downgrades to MSCI small cap index
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