|
Stock
|
Buy Below
|
Date Bought
|
Current Price
|
Target Price
|
Average Cost
|
Return
|
% Of Portfolio
|
Div Yield
|
|
BLUE CHIP STOCKS
|
||||||||
|
BDO
|
60.00
|
Sep 6, ‘12
|
64.30
|
81.00
|
60.10
|
7.00%
|
1.83%
|
|
|
ALI
|
20.00
|
23.40
|
22.50
|
-
|
-
|
0.00%
|
||
|
PGOLD
|
24.00
|
29.70
|
30.00
|
-
|
-
|
0.00%
|
||
|
EDC
|
6.00
|
Sep 6, ‘12
|
6.30
|
8.50
|
5.94
|
6.09%
|
1.96%
|
|
|
TEL
|
2,600.00
|
2,760.00
|
3,000.00
|
-
|
-
|
0.00%
|
||
|
AGI
|
11.00
|
14.28
|
15.00
|
-
|
-
|
0.00%
|
||
|
MBT
|
94.00
|
Sep 14,’12
|
92.45
|
105.00
|
94.35
|
-2.02%
|
0.24%
|
|
|
PX
|
-
|
14.10
|
24.00
|
-
|
-
|
0.00%
|
||
|
SMALL CAP STOCKS
|
||||||||
|
PHES
|
0.74
|
Sep 24, ‘12
|
0.71
|
2.70
|
0.73
|
-3.32%
|
95.89%
|
|
|
BHI
|
0.16
|
0.15
|
0.51
|
-
|
-
|
0.00%
|
||
|
CASH
|
0%
|
0.09%
|
||||||
|
TOTAL
|
-2.94%
|
100%
|
||||||
|
PSEi (Since Sep 6,
'12)
|
5.51%
|
|||||||
The market hit an intra-day all time high yesterday before plunging in red at the close. Value turnover also increased yesterday as investors tried to chase stocks. Amidst the optimism that is engulfing the market right now, I have a cautious approach on this bullish trend because of the Japan-Sino tug of war, and the US fiscal cliff. Anyway, any dips from the current prices is a welcome development for me as I will be able to buy stocks at my buy below prices.
The only question I would like to know is what percentage do our banks exposure to Europe has? Recent reports said that our banks have ‘minimal’ exposure to Europe banks which is good but I’m not convinced until proper disclosures have been made by banks. A circular coming from BSP compelling the banks to disclose their exposure would be beneficial.
Banks will be required by BSP to report their exposure in
the real estate industry starting Dec 31, 2012. This is a good start to somehow
control the asset bubble in the real estate. Banks are allowed to loan maximum
of 20% only of their portfolio in real estate.Malaya
ALI – the premier
real estate developer in the country has valuations way beyond the others. ALI
is a league of his own. The current P/E average of the real estate industry is
only 10 while ALI treks at a P/E of more than 30. The distance between its
competitors is just numbing. ALI has vast land banks which it can tap should
the current demand overshoots the current supply of the residential and office
units. ALI is at this stage on a very aggressive mode developing one project
after the other.The COA finally approved the Deed of Conditional Sale between Negros Occidental and Ayala Land involving 7.7 hectare of prime property.SunStar It is interesting to see the reaction of Ayala Land this given that they previously told the Negros government that it is engaging from the deal.
One of the good things about ALI is that it is one of the
favorite stocks of foreign investors.
TEL – this is
like a preferred stock. You get a 6-7% dividend per year with an upside in the
appreciation of the stock. Bonds are currently trading at 5-6% which is at the
low levels of the range. Analysts expect the interest rates to remain the same
or go lower than the current rate in the foreseeable future. As such, I am
favoring TEL as a substitute in the current interest rates with an upside of
price appreciation. TEL net income expects it to be 37B this year. However,
next year could be different as the company expects to hit the bottomline at
more than 40B.
It has recently completed its major infrastructure upgrade that
will enable it to handle data explosion. TEL still retains its market share
in the telecom industry but it is slowly gaining foothold in the VOIP industry.
TEL also has access in the information technology and I think this is where the
growth of TEL will come. The telecom industry is matured already and growth is
limited. The dividend is a testament to that.
PLDT will invest P560M to triple the capacity of its
internet gateway- the network facility that handles internet traffic going to
and from servers abroad. GMA News
AGI – together with wholly owned subsidiary New Town Land Partners exercised their right to buy 3.071B Megaworld warrants at P1 per share. Manila Standard
AGI – together with wholly owned subsidiary New Town Land Partners exercised their right to buy 3.071B Megaworld warrants at P1 per share. Manila Standard
PGOLD – the
consumer play. PGOLDs listing last year gave the investors an alternative to
URC, SMC, AGI (partially), JFC and others. Indeed, since its listing last year,
PGOLD has increased its stores nationwide and is still in expansion mode. It is
planning to issue P8B of notes for its expansion.
If you live outside Philippines, perhaps you may want to check some details on one Puregold store here.
PHES – I’m all
in. Obviously I have studied its financials and prospects. PHES is a turnaround company and
asset play. The land values being reflected in the books
are recognized at cost or NRV whichever is lower. Thus, it is fair to assume
that PHES landbank are valued at cost because the Valenzuela property alone
would be worth P3.2B at 10,000 per SQM. This will translate into 2.21 per
share, a 216% increase!
Now, not all computations and assumptions are absolutely
correct. That is why they are called assumptions. However, one must not look
somewhere to determine the fair value of a company.
Philex gets another week to respond to a notice imposing a P1.034B fine for its alleged violation of Philippine Mining Act of 1995 after failing to contain its Padcal mine's waste within its tailing facility.Bworldonline
BHI – The opening of Friday's resort hotel in Puerto Galera has been pushed back to February 2013, according to publicly listed Boulevard Holdings Inc. (BHI). Hotel construction is now four weeks behind schedule due to inclement weather. Abs-Cbn
Note:
This is not a solicitation to buy. Buy at your own risk.
“28Come to me, all you who are weary and
burdened, and I will give you rest. 29 Take my yoke upon you and learn from me, for I am gentle and humble
in heart, and you will find rest for your souls. 30 For my yoke is easy and my burden is
light.” Matthew 11:28-30
