Merkado Barkada
October 27, 2025 | 9:22am
Basic Energy [BSC 0.14 down 13.5%; 295% avgVol] [link] has partnered with ACMobility, the Ayala Group’s mobility platform, to install and operate electric vehicle (EV) charging stations in select retail locations. In a disclosure on 22 October 2025, BSC said its wholly owned subsidiary, Basic Energy Renewable Corp., signed a deal with ACMobility to deploy EV charging facilities at Total stations along the South Luzon Expressway (SLEX) Northbound in Sta. Rosa, Laguna and along the North Luzon Expressway (NLEX) in Apalit, Pampanga, as well as at Ecooil EDSA in Mandaluyong. BSC said the pilot site will “serve as a model for future installations across the country,” adding that drivers can use the “Evro” app to locate, monitor and pay for their charging sessions. BSC chief executive Oscar de Venecia Jr. said the partnership signifies the company’s “strong commitment to advancing clean energy and sustainable transport.”
MB BOTTOM-LINE: It feels like we’ve been waiting for BSC to do something forever. Things have been happening (backdoor, renewable energy, etc), but nothing has been moving the needle on the stock’s price, which has been in steady decline since the 2020 basura stock craze that pushed BSC up to P1.86/share. The stock has been stuck in this P0.12 to P0.16 range for over a year and a half, and while this news has certainly given bagholders some excitement to sell into, it’s only shaved about the last year of the decline off the price. That’s not nothing, but to someone who saw BSC’s board and bought the COVID hype, it won’t be enough. This stock feels like it’s under a ton of selling pressure. Always. Will this news finally absorb that overhang, or is it just another blip on BSC’s long march lower?
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