WHY JOLLIBEE?

TECHNICALLY JOLLIBEE HAS DONE WITH DOWNTREND

Jollibee have taken a dive after the burger business had a bad earning report. After the price gap down; since then the price have gone lower to 212. We believe that the stock is oversold and we are expecting a slow rise moving forward. The chart explains the descending triangle is still in-tact and if there is any breakdown from the support – then Peso-cost averaging will be a good way to catch this stock. This stock is appearing to be less then book value or intrinsic value.

WHAT IS THE TECHNICAL CHART SAYING?

KEY POINTS

  • The price have breakout from a descending triangle
  • We will add-on as it breaks each resistance
  • We will keep this stock for “VALUE INVESTING”
  • Dividends & book Value looks good after problem with earnings from Burger business

As you can see from the numbers the Valuation is getting better so also the dividends and Earning per share. The recent completion of Coffee and Tea Leaf is just going to add fuel for a good pullback.

Jollibee Foods Corporation (JFC) can officially call American brand The Coffee Bean & Tea Leaf as its own after completing the ₱18-billion buyout.

Jollibee announced Tuesday that it has completed its acquisition plan for the global coffee chain based in Los Angeles, California. The merger has cleared government approvals and fulfilled closing conditions, which were set back in July.

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Article by: Ashok – Strategic Coach & Mentor – MDRT/COT/TOT

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