URC could take a hit from inflation worries

By Tyrone Jasper C. Piad

Oct 01, 2018 12:08 am

Universal Robina Corp. (URC) has seen a general uptick from year-to-date low in June but a reversal could occur if inflation continues to exceed expectations.

The food and beverage manufacturer was hit by a sell-off on Friday, plunging by 1.87 percent to P144.59 apiece amid a 0.60-percent dip for the Philippine Stock Exchange index.

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