For the last few months BDO stock was on see-saw creating a grind. I love to track the stock movement especially the activity in foreign buying and selling. Management projected a 20bil profit in 2013, bouyed by the impressive performance of trading activities, the improving economic outlook, upgrade made by Fitch in Philippine and the robust domestic demand. The strong remittances from overseas benefits the bank's non-traditional earning potentials. There are rumors that BDO may acquire another bank in 2013 to strengthen it's leadership and a partnership with one of the big banks operating in southeast Asia. I like the banks management commitment to its client base, they set a trend in customer service and attracting more businesses to join BDO,s innovative offers. They are the first to introduce night banking in mall based branches.
According to the figures in 2012 released FS, BDO improved the loan base income, fees and other charges showed significant increase with trading gains on the record highs. While the 2012 performance was hard to duplicate, management believes that 2013 would be a shining and another year of record for BDO. Since 2003, dividend declaration was consistently distributed to shareholders because of the strong and healthy cash position. In 2013, a total of 2.10 per share was declared as cash dividends, TBA.
At the current price of 91, the stock is consolidating with immediate support at 86-87, but an upswing to 95 is imminent. Well, long term investor may be safe to project 110 for BDO.
Other interesting trades, MEG, MPI, EDC, FPH.
According to the figures in 2012 released FS, BDO improved the loan base income, fees and other charges showed significant increase with trading gains on the record highs. While the 2012 performance was hard to duplicate, management believes that 2013 would be a shining and another year of record for BDO. Since 2003, dividend declaration was consistently distributed to shareholders because of the strong and healthy cash position. In 2013, a total of 2.10 per share was declared as cash dividends, TBA.
At the current price of 91, the stock is consolidating with immediate support at 86-87, but an upswing to 95 is imminent. Well, long term investor may be safe to project 110 for BDO.
Other interesting trades, MEG, MPI, EDC, FPH.
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