DMCI continues slide as government cancels extension of water concession deals

Philstocks’ Mr. Tantiangco shared this assessment: “DMCI’s share is already at oversold levels making it a good candidate for bargain hunting.” “At the same time, overall market sentiment [last Friday] was optimistic amid the latest developments on the US-China [trade] negotiations. The positive tone of the market today gave a boost to DMCI’s share price,” he added. DMCI’s attributable income in the nine months to September fell 10.9% to P9.31 billion from P10.44 billion in 2018’s comparable nine months. READ MORE

DMCI warns Maynilad could face financial crunch

He said Manila Water probably has the same amount of demandable loans, which if called by the lenders could sink the concessionaires. “Sarado both companies. Maynilad and Manila Water siguradong closed (Both companies will be closed. Maynilad and Manila Water will surely close.) Their woes arose after President Rodrigo R. Duterte threatened to sue their top officials, plus government executives responsible for their concession agreements, for “economic sabotage.” Read More @ READ MORE

TECHNICAL CHARTS EXPLAINED

KEY TAKEAWAYS

  • It takes guts to buy these companies at this stage of the game
  • Saying that it also have huge opportunity to buy these stocks at bargain price
  • De-listing is possible if price drops lower this week and this companies will default loan payments
  • The ripple effect can damage the banks & financial institution dragging many more stocks along the way
  • The earthquake in the stock market is just the beginning if these 3 companies are not resolved
  • We see more opportunities ahead as a investor and trade

Why our traders are making money during these rough times? Learn and see how we do it: JOIN US

Alternatively challenge yourself and show us that you are truly a good trader by joining our WE FUND – YOU TRADE program  2020.

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