Factory activity plunges to record low – As a Trader we see opportunity in adversity.

FACTORY ACTIVITY slumped to a record low in March, snapping a 43-month growth streak, as the Luzon-wide lockdown due to the coronavirus disease 2019 (COVID-19) pandemic brought factories to a halt.

In a statement on Wednesday, IHS Markit reported that the Philippines Manufacturing Purchasing Managers’ Index (PMI) decelerated to 39.7 last month from the 13-month high of 52.3 in February, signaling a “marked deterioration in operating conditions.”

March was the first time the Philippines’ manufacturing PMI slumped below the 50 neutral mark, breaking its streak of steady growth since August 2016 when the survey for the Philippine leg started. READ MORE

Price-Earnings Ratio TTM (P/E):
-7.97 – is disgusting Valuation for a Good Managed Company – FINWAZE buys for long term investment – slow down in exports affects this company but we are sure when things settle down we should see some great upside. “VALUE INVESTING” Approach

BSP outlines additional relief measures for banks – What is this headline saying?

THE CENTRAL BANK is giving additional regulatory to financial institutions, including the imposition of a higher single borrower’s limit (SBL), removing penalties for reserve deficiencies, and providing leeway for some notification requirements amid disruptions caused by the coronavirus disease 2019 (COVID-19).

“The measures ease certain BSP (Bangko Sentral ng Pilipinas) regulatory requirements governing banking operations for the duration of the enhanced community quarantine and one month thereafter,” BSP Deputy Governor Chuchi G. Fonacier said in a memorandum signed on March 19.

“The period of eligibility may be extended depending on the developments related to the COVID-19 situation,” she added. READ MORE

Double Dragon – A good company with very low valuation – Price-Earnings Ratio TTM (P/E):
6.95 – This are kind of companies that FINWAZE is always looking for . Good Corporate Governance and management of the company – with BSP lowering the rate and pumping liquidity too the market – is all good for now
ALI just like DD – But DD is out-performing in terms of co-relation – for ALI the chart patterns shows nice Bullish Pattern with the Gap Closed

PHL may go into recession — Diokno (What is coming to your Mind?)

THE Philippine economy could go into recession this year, central bank Governor Benjamin E. Diokno said on Sunday, as the coronavirus pandemic brings everything to a standstill.

“We’re looking at negative to maybe 1% [growth] given this development,” he told the ABS-CBN News Channel.

The global economy has now entered a recession — a period of economic decline where output falls for two successive quarters — that could be as bad or worse than the 2009 downturn, International Monetary Fund (IMF) Managing Director Kristalina Georgieva said on Friday. READ MORE

BUILD , BUILD, BUILD has come to a halt – when all are in order – where do you see this company go to? Nice Bullish Cup & Handle formation in place. With Recession in place – where just need to see Book Valuation and take this company for a long term view.
Gambling companies use to rise when recession comes – as many will start gambling – especially foreigners who are still in the Philippines. We believe this company BLOOM have a huge potential to rally. Finwaze started buying at 4.60. Value for MONEY.
ACEPH to issue shares to parent – Recently, ACEPH began its P1-billion share buy-back program, following its moves to bolster its renewables portfolio.
The energy firm on March 24 completed its purchase of the controlling stakes in San Carlos Energy, Inc. and Island Solar Power, Inc., operators of two Negros Occidental solar farms owned by Macquarie Infrastructure Holdings (Philippines) Pte. Ltd., Langoer Investments Holding B.V., and the Government Service Insurance System. Well Finwaze see this company to go 10 Times of the Value today.
As you are trying to catch the low – do remember the global market already in huge debt before the coronavirus started and it just got worst – put that in mind if you are expecting a quick wealth anytime soon. Be patient and buy good companies slowly and grow with them

KEY TAKEAWAYS

  • When there are adversity there are always great opportunities – look at the valuation and buy them when good companies are cheap – it doesn’t matter if it gets cheaper – as you already have a good price.
  • Always look at the books and cash-flow & Valuation
  • Understand the companies Strategies – especially now with the Coronavirus scare around the world
  • See how the Corporate Governance manage their companies and follow them if the strategies makes sense.
  • There are lots more great companies besides what I have mentioned in this article

FINWAZE always look at Philippines as a Country full of huge potential – if only you know how to appreciate it.

We are doing ONLINE CLASSES – if you are keen to be a STOCK TRADER – PM – 09199104104 and we will update you on the classes.

FINWAZE TEAM

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