WHAT IS WHAT?
The reclamation project would start on the 300-ha Pasay side, with another 300-ha on the Paranaque side to commence a year after. The projects, which require estimated capital outlays of P150bn, are targeted to be completed within five years.
Fundamentally sounds great and we expect great dividends and good earnings.
TECHNICALLY LET’S TAKE A LOOK
- Wait for pullbacks around 36-35 peso
- Wait for a Bullish Flag
- Good for Value Investing as the P/E sounds fair
- Dividends are pretty good
- Buy systematically with Peso Averaging as the global market is still fragile
Always observe value and never rush to catch all at one time.
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Article by: Ashok – Strategic Coach & Mentor – Philippine Stocks