The PSEi performed well in the last few weeks due to global positive outlook and the performance of the domestic economy. There are few picks that remains attractive like ABS, MBT, EDC, AP, AEV and BLOOM. I will include FPH and SMPH due to their attractive valuations. Since the index has climbed to the peak, be wary of rocky road while picking some of the over ripe issues. I would like to mention SM, ALI and ORE that entered overbought conditions.
Strategy: Stay light and wait for the dips, the index may not easily break the 6800 level.
Among best picks are:
TEL - below 2850
SECB - below 120
FPH - below 68
BDO - below 86
BPI - 90-93
MBT - below 85
EDC - at current price, do not expect immediate upside but fundamentally attractive
MEG - below 4
When will you get them? Remember, patience always count.
Strategy: Stay light and wait for the dips, the index may not easily break the 6800 level.
Among best picks are:
TEL - below 2850
SECB - below 120
FPH - below 68
BDO - below 86
BPI - 90-93
MBT - below 85
EDC - at current price, do not expect immediate upside but fundamentally attractive
MEG - below 4
When will you get them? Remember, patience always count.
