WHAT HAPPENED TO EAST LAND; WHY THE PRICE DROP SO MUCH?
Empire East unaffected by Resorts World Manila attack; Empire East will continue to invest and expand in the Philippines, allocating P25 billion in capital spending budget over the next 5 years to fund its projects in Metro Manila and the south and this news was in 2017 – when is the 5th year?
“Well, there is really no privity between Resorts World and our company. That should be the answer. Resorts World Manila is owned and managed by a separately listed company and it is managed very well for many years now,” Empire East president Anthony Charlemagne Yu told the company’s stockholders in a meeting in Quezon City on Tuesday, June 13.
“We, in Empire East, condole with the families affected. Beyond that, it is more prudent for me not to comment on that issue,” Yu said. READ MORE
WHAT IS THE VALUATION SAYING?
KEY POINTS
- Nothing exciting but can keep an eye
- Is a Penny stock now but we see the commitment from the shareholders
- P/E have dropped drastically after 2017
WHAT IS THE TECHNICAL CHART SAYING?
KEY TAKEAWAYS
- Price is rock bottom
- Speculative Stock but we see potential
- We move to SELL to BUY
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Article by: Ashok – Strategic Coach & Mentor – Philippine Stocks
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