| Stock | Buy Below | Current Price | Target Price | Average Cost | Return |
| BDO | 60.00 | 60.20 | 81.00 | 60.10 | 0.17% |
| ALI | 18.00 | 22.15 | 22.50 | - | - |
| PGOLD | 24.00 | 29.30 | 30.00 | - | - |
| EDC | 6.00 | 5.90 | 8.50 | 5.94 | (0.68%) |
| TEL | 2,400.00 | 2,702.00 | 3,000.00 | - | - |
| AGI | 11.00 | 12.22 | 15.00 | - | - |
As I told yesterday, I bought EDC and BDO since they are within the Buy Below price.
The PSEi started in green but ended flat similar to what happened to DOW and S&P yesterday. As usual, follow the leader. There is not much activity today with trades totaling P3.5B.
JFC bounced back strong today gaining 2.45% and is the only blue chip in the top 20 gainers. There is no blue chip stocks included in the top 20 losers whose minimum loss is 2.16%.
ALI- is offering a new type of bond called Ayala Land Home Starter Bond worth P3B that will give investors fixed income, plus a bonus credit if and when the investor decides to purchase an Ayala Land residential property. Proceeds will be used for general corporate purposes. 4
Still expensive at its price today although it decrease by 0.89%. Foreigners sold (net) P5M today while yesterday they dumped P8M.
PGOLD- opened another store but this time in Roxas Isabela last August 13, 2012. It is the 112th store of Puregold.5
In a disclosure to PSE, it will have a special stockholders meeting on October 17, 2012 to vote for the consolidation of Puregold Price Club, Inc., Puregold Junior Supermarket, Inc. and Gant Group of Companies.
In another disclosure to PSE, EDC drops one of its geothermal projects in Peru due to the results of the initial geoscientific surveys. Earlier this year, EDC signed a joint venture agreement with HRL for the development of the Calerias and Longavi projects in Chile and Quellaapacheta and Chocopata in Peru.
Last July, EDC dropped the two geothermal projects in Chile. 6
Shares sold (net) by foreigners amounted to P28M. Yesterday dumping is P21M.
TEL - foreigners disposed (net) P41M. Almost 50% of the trades were executed at the 2,702 price which means that during the last minutes of the trading day, sellers scrambled to dump their shares. 2,600 price levels is in the horizon now.
The company aims to long-tail its legacy wholesale businesses and go retail. Pangilinan said the reason for the company's shift to retail is to continue capturing voice minutes as traffic shifts from fixed to mobile. It is completing this year a major $1.5 billion network modernization program that gives TEL unmatched capacity to handle the fast-growing domestic and international voice and data traffic. 1
Based on PLDT’s financial statement as of end-June, PLDT has P5.99 billion in maturing debt, of which P4 billion is denominated in dollars and P1.95 billion in the local currency—from July to December this year. Scheduled debt maturities for the coming years are P12.36 billion for 2013, P24.87 billion for 2014, P15.27 billion for 2015 and P55.97 billion for 2015 onwards.
By refinancing some of its obligations, PLDT will be able to better manage its debt stock. As of end-June, PLDT had P100.3 billion in long-term debt, of which P13.9 billion is current or maturing within a year. 3
AGI - is the most active stock today with P280M value of shares. It increased to 12.22 with 1.33% gain. It did not even touch the psychological 12 pesos price. Again the foreigners continued their buying frenzy with a net buy of P238M, an 85% market participation in AGI trades! Yesterday was P109M net buy. 55% of the trades were executed at the 12.22 price. Our 11 Buy Below price is a long shot for now. Let their party continue.Source: pse.com.ph Sep 6 trading activity, COL data
2http://www.bworldonline.com/content.php?section=Corporate&title=New-revenue-streams-sought&id=57988
Note: This is not a solicitation to buy. Buy at your own risk.
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