NEWLY listed oil refiner and distributor Pilipinas Shell Petroleum Corp. [SHLPH] has potential for inclusion in the top 30 stocks that make up the Philippine Stock Exchange index (PSEi), an analyst said on Thursday. “SHLPH managed to edge slightly higher on opening day with 32 million shares worth P2.156 billion traded. Shell still has 16 million secondary shares in its overallotment option. Shell has said it plans to invest $10 million to $20 million yearly to hit its target of 1,200 service stations by 2020. Pilipinas Shell is the second largest oil refiner in the country next to Petron Corp. in terms of volumes sold.

Source: Manila Times November 03, 2016 16:34 UTC