Cebu Landmasters sees little lift from upbeat data

Cebu Landmasters, Inc.’s (CLI) shares rallied after nine-month sales were disclosed earlier this month but sentiment appears to have soured since.

In an October 10 disclosure, the real estate firm said it posted a 69-percent reservation sales increase to P6.17 billion for the first nine months — representing 88 percent of its P7-billion goal — as its Cebu operations strengthened.