Analyst: Lucio Tan’s $1B property sale not a cause for concern, shows group has enough buffer | ANC

AAA Equities Chris Mangun shrugs off concerns tycoon Lucio Tan is starting to sell of assets during a pandemic which was taken by some as a worrying indicator of massive losses his businesses are making today. Mangun says, if anything, this should be taken as a good thing-- that Tan has ‘enough buffer to outlast this crisis' to prolong the life of some troubled units like Philippine Airlines.

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