Stock Investing - Philippines (SLI)

If you are following the PSEi, correction have started and and I view it as a positive movement towards an upward trend.  Analyst's from different stock brokerage firms predicts the support level will be 5850, then a possible run up to 6,100 up to 6,300.  Following such predictions,  I sold some issues that I considered volatile and retained my key stocks like SM, SMC, GERI.

SLI move upward for today's trading, this is what I am expecting few days ago when I enter @ .68.  Since the the blue chips were mostly overbought and the second liners were on see saw.  SLI trading below par would be a target, and my reading seems right.  Well, SLI have good track record in high end residential development.  They are present in NCR, Calabarzon, Central Luzon, Western Visayas and Davao Region.  Looking at the demographics, those areas are highly developed and mostly urban regions.

Four projects boosts the real estate revenue like East Bel air Residences, Orchard Towers, Monte Carlo and Neopolitan Condominiums.Davao Riverfront, a resort and leisure was developed for high end visitors which shows huge volume sales in the last years.  More surprises from SLI happen soon.