BUY
Term: Long
Target Price: PHP 310.60

Last Traded Price: PHP 275.40
P/E Ratio: 17.39x
P/B Ratio: 3.80x
Support: PHP 271.50
Resistance: PHP 285.00
MTD Performance: -2.89 %
YTD Performance: -5.68 %

  • Contrary to the PSEi’s trend, it has lagged year to date.
  • One of the most fundamentally sound and undervalued companies on the market.

The firm is now deviating from the PSEi’s trend. While the market is rising, it is moving in sideways. We predict this stock to follow after the market has found firm support and continues its upward path.

Fundamentally, it is one of the market’s defensive stocks due to the nature of its company, where demand endures despite the adverse environment. We anticipate that its profitability will increase in tandem with the economic recovery, especially if corporate demand rises. Because this is a dividend-paying company with a steady operation, you may want to hold this stock in the long haul.

Chart-wise, support is at P271.50 while resistance is pegged at P285.00. If it breaks the current resistance level, it may start to go uptrend For traders, set a cut loss point.

Material in this article is obtained from sources we believe to be reliable, but its reliability or precision cannot be guaranteed. This is for the sole purpose of providing details and does not provide an offer from us to buy or sell securities mentioned in this document.

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