Ann: Change in substantial holding, page-7

Definitely is one persistent seller(probably a Fund) this month that has been clearing a buy line or two every day, including today. There is always an end to a seller's shareholding whereas new buyers such as Ruffer Gold Fund(valued at UK702mil) and Arbiter Capital Partners(assets under management of US$797mil) show no signs of ceasing to accumulate shares of MML.
The trouble on Mindanao has been confined to the city of Marawi and as the militants have now lost over 400 men it is probable that the conflict is coming to an end. I'm sure the Philippines govt has learnt a painful lesson and more resources will be channeled into monitoring activities of these groups in the future. Duterte has a special interest in improving economic life and security in Mindanao as he was the long time mayor of Davao City. I'd be surprised if Martial Law wasn't lifted during July but they'll always be a discount applied to MML's share price given the sovereign risk especially in this part of the country.