WHY ARE THEY?
Megawide Construction was incorporated in July 2004 to engage in general constructionbusiness, including the construction, enlargement, and repair of buildings, houses andcondominiums, roads, plants, bridges, piers, waterworks, railroads, and other structures.The company debuted in the Philippine Stock Exchange through an initial public offering 2011.
- 2018 Project have pushed this company to a good start in 2019
- Government projects are still on-going; we believe there will be more good news ahead
- This company is cheap for valuation but We believe the price will go under pressure as the year is coming to an end
- We keep this stock for Value Investing
- The P/E is little expensive for now
- Dividends are reasonable
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Article by: Ashok – Strategic Coach & Mentor – Philippine Stocks