Money

Thrift shopping: George Ty heiress accumulates Metrobank shares

A daughter of the late bilyonaryo George Ty is building up her shares in the family-controlled Metrobank.

Metrobank Treasurer Anjanette T. Dy Buncio acquired P10 million worth of Metrobank shares at P39.50 each on September 25.

The stock purchase boosted Dy Buncio’s indirect shares in the bank by 44 percent to 79,844 shares.

COL Financial believes Metrobank shares have already priced in the negative impact of the pandemic and provide a significant upside to investors “given its strong position to capitalize on the country’s favorable economic prospects, particularly once the COVID-19 pandemic is resolved.”

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