Metrobank 1H income rose 18% to P13.0 Billion
Metropolitan Bank & Trust Company (Metrobank) reported P13.0 billion in net income for the first half of 2019, representing 18% growth from the P11.0 billion in the same period last year. For the second quarter, net income grew by 22% year-on-year.
Metrobank’s solid performance for the semester was driven by its double-digit growth in operating income on the back of consistent loan growth and margin expansion, higher fee-based income, and prudent operational expenditures.
“We are pleased with the results as our initiatives are bearing fruit. We anticipate that the second half will bring even better opportunities as government spending on infrastructure projects continues to accelerate,” said President Fabian S. Dee. “We will continue to make strategic investments in key areas of people and technology so we can deliver more meaningful banking experiences to all our customers.” Mr. Dee added. – MetroBank is a Great Company – Great for Value Investing
TECHNICAL CHART – FMETF
- Market Execution
- Be ready to do peso averaging if the Price level drops to Trend-Line
- Remember this is a Mid-Term investment
Nestlé pursues renewable energy with AboitizPower
In recent years, more and more organizations and institutions in the Philippines have taken significant steps to mitigate adverse effects on the environment, in support of the UN Sustainable Development Goals. As a leader in the food and beverage industry, Nestlé Philippines has programs and projects in place to realize its goal of minimizing environmental impact. These include its initiative to use clean and renewable energy. Our favourite Stock – Great to invest for long term investment
TECHNICAL CHART – ABOITIZ
- Remember this stock is buy and keep for your retirement or if you are saving for Children Education
- Price is @ Critical Support – which we believe is Oversold
- If the Price move lower to next Support Peso Average the Price.
Enjoy Trading and always understand your objective of Investing in Philippine Stocks Exchange
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