The suspension on SuperCity Realty Development Corp. was imposed on Thursday as the PSE’s market surveillance arm, Capital Markets Integrity Corp., asked the company to explain its soaring stock price on Jan. 7, 2026.
By then, SuperCity (SRDC) had gained over 3,700 percent to P45.95 per share from P1.20 each last Dec. 18, when the company was valued at around P130 million.
SuperCity can’t explain surge
“After due verification, the company confirms that it is not aware of any material information or corporate development that has not been previously disclosed to the Exchange, which could reasonably account for the observed price and/or volume movement of its shares,” SuperCity said in a filing on Thursday afternoon.
“The company further confirms that it remains in full compliance with the disclosure requirements of the PSE and the CMIC rules, and shall promptly disclose any material information should the same arise,” it added.
In response, the PSE said the suspension will be lifted at 10:30 a.m. on Jan. 9, 2026.
What is SuperCity?
The company was in the news in 2019 when it became a backdoor listing target of Manila Bay Development Corp., a firm led by the Rebisco Group’s Jacinto Ng.
The deal did not push through and SuperCity, led by chair and president Ferdinand Z. Soliman, maintained its current construction business.
SuperCity has been listed on the Philippine Stock Exchange for 23 years.
Financials do not justify the valuation jump
During the first nine months of 2025, SuperCity recorded P3.47 million in revenues and a net loss of about P1 million. As of end-September 2025, the company had total assets of P52.5 million and total liabilities of P5.9 million, according to its balance sheet.
These financials remain modest relative to the company’s recent price surge, suggesting that the share price move reflects expectations rather than current earnings performance.
Miguel R. Camus has been a reporter covering various domestic business topics since 2009.
