Bilyonaryo Betty Ang’s Monde Nissin is now the queen of Philippine food stocks after taking the crown from Lance Gokongwei’s Universal Robina Corp.

Monde is now the 12th biggest stock in the market after debuting at 16th spot in June 2021. Monde has gained P100 billion in paper gains to P322 billion as of September 24 from P252 billion market cap in its initial public offering three months ago.

Monde reached a new record high of P20.10 Friday, nearly 50 percent higher than its IPO price of P13.50.

In contrast, URC has dropped from No. 9 to 16th place from June to September this year. URC suffered P27 billion in paper losses as its stock has slipped seven percent to P132.1 during the last three months.

Investors have driven up Monde’s price in recent weeks on speculation that it could be inserted in the 30-stock main index.

The post Betty Ang finally beats Lance Gokongwei: Monde gains P100B market cap since IPO as URC tumbles first appeared on Bilyonaryo Business News.



Betty Ang finally beats Lance Gokongwei: Monde gains P100B market cap since IPO as URC tumbles
Source: Filipino Daily Inquirer