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

 

 

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