BDO LEASING REVENUE UP 2%
2019 May – BDO Leasing and Finance, Inc. (BDOLF), a subsidiary of BDO Unibank, Inc., the country’s largest bank, posted a 2% growth in gross revenues to P795 million in 1Q 2019. However, margin compression resulting from the company’s short-term liabilities adjusting faster to higher interest rates vis-a-vis its lease receivables (which carry rates fixed for three to five years), dragged the bottom line to a net loss of P24 million from P90 million net income in 1Q 2018. READ MORE
VALUATION & DIVIDEND TABLE
KEY POINTS
- P/E Ration looks reasonable and value for money
- Dividend yield is @ reasonable rate of 4.57%
- Price is cheap and we expect a good move within the next 3 -6months
TECHNICAL CHART VIEW
KEY TAKEAWAYS
- Downside remains to be the end
- Good support @ 2.00 peso
- Descending Triangle is also showing there could be a reversal anytime soon
- Volume is taking place after the revenue report
- We buy @ 2.00 peso
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Article by: Ashok – Strategic Coach & Mentor – Philippine Stocks
 – FINWAZE TRADERS BUYS FOR 20-30% CAPITAL APPRECIATION.){kind=link}