Ohmyhome Expands into Thriving Philippines Real Estate Market, Albemarle Upgraded, GSI Technology Surges Before Earnings
- May 15th, 2023
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Ohmyhome Ltd. (Nasdaq: OMH) and Ohmyhome Property Inc. have entered into a Memorandum of Understanding (MOU) for a strategic investment by Ohmyhome Ltd. in Ohmyhome Property Inc.'s operations in the Philippines. This move signifies Ohmyhome's intention to expand in the thriving Philippines market. The partnership will grant Ohmyhome access to the rapidly growing trillion-pesos real estate market in the Philippines, which is expanding at an annual rate of 7.6%. Additionally, it will provide direct access to over 80,000 properties developed by more than 150 developers.
$OMH is currently trading at $36.19, showing an intraday increase of $17.73 (+96.05%) on Monday.
Albemarle Corporation (NYSE: ALB) has been upgraded from Neutral to Outperform by Robert W. Baird. The price target for the stock has also been raised to $288 from $222 by the investment firm.
$ALB is currently trading at $204.34, experiencing an intraday gain of $8.55 (+4.36%).
GSI Technology, Inc. (Nasdaq: GSIT) will disclose its financial results for the fiscal fourth quarter and year ending March 31, 2023, after the market closes on Tuesday.
$GSIT is currently trading at $6.67, reflecting an intraday increase of $1.58 (+31.06%).
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