Tag: GERI

PSE index Up as Property Sector Rose

Posted by AiDz – July 28, 2011

The PSE index – July 27,2011

The Philippine Stock Exchange Index, PSEi, gained 17.02 points after 3 days of almost flat trading to close at 4,482.89 points.

Market breadth was positive since advancer stocks led decliners, 72 vs. 70, while 44 stocks were unchanged.

house-market

Philippine Property Sector

Almost all property stocks this morning went up, according to Bloomberg.

“Most property stocks rose on speculation that the introduction of Real-Estate Investment Trust, REIT, will boost property valuations.”

From the Property table of Citisec; SLI also surged to 5.56%, MEG went up by 4.2%, FLI up 4%, BRN up by 3.79%, GERI by 3.79%, ELI by 3.7%, SMPH gained 1.1% and RLC up a bit by 0.46%.

A property sector review published by CitisecOnline this morning, July 27, 2011, reiterated a “buy” rating on property stocks.

Here’s a snapshot of their Property Sector Valuation table.

COL Property valuation table - July2011

Please take note that these are only estimates, as a matter of fact all valuations are estimates so don’t over patronize stock valuations.

In my point of view, it’s high time for the Philippine Property Sector to emerge after months of consolidation while the Mining and Oil sector continues to gain popularity. We don’t know yet what’s the real impact of REIT on property companies if this will help boost their earnings or cost them to pay hefty taxes which include 12% VAT on transfer of assets.

For long term investors, you can add property stocks on your portfolio to include on your existing mining company shares. For traders like me, I’ll just pick on fast moving stocks, no matter what sector they belong to. ;)

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Catch Not a Falling Knife

Posted by AiDz – July 25, 2011

The PSE index closed lower on Friday at 4,478.36, a loss of 1.65 points.

Vista Land, VLL, failed to perform on Friday since buyers became thinner on closing, probably due to the negative sentiment of the market. VLL’s top buyers were Deutsche and CLCI. If there is a huge demand on Monday, then you can decide to buy.

On the brighter side, Global-Estate Resorts, GERI, made a quick comeback, closing at 2.84 from a high of 2.93. Seems like the Property Sector will now emerge as the Mining and Oil sector eases this week.

fallingknife

Philex Mining Corp (PX) had a big drop in price since it peaked on July 20. It might continue to fall to 23.28 to 22.21, at 50%-38.2% Fibonacci level.

You can wait for this stock to rise back up or you can buy at these levels but I’m not a fan of “catch a falling knife.” Same goes with PWR, which is now at P2.88 from a high of P5.66. Speaking of which, the previous top gainers are now on the losing side BHI, ZHI, VITA, LIHC and SUN. If you still have these stocks, I’d suggest that you cut your losses now and move to other winning stocks.

Let’s welcome the week with a smile! :) Good luck Pinoy traders!

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Philippine Stocks on Profit Taking, New High

Posted by AiDz – July 20, 2011

PSE Index New High

The PSE index succumbed to profit taking though it closed to a new all time high at 4,485.65, just a 9.64 point gain, Tuesday, 20 July 2011.

8735609-human-hand-holding-a-saw

East Asia Power Resources, PWR, the “instant sensation” stock of the masses, hit the wall at P5.66 and eventually plunged to as low as 3.15. RCBC Securities bought PWR at an average price of P4.2582 worth P59.6M shares and sold only P5.27M at P4.13, I’m not sure how are they going to recover from their losses unless the stock rebounds tomorrow, which i doubt.

Consequently, ZHI, VITA traders were all shaken out as it went downhill together with PWR. BHI on the other hand, the unfazed stock, closed at 0.2150, a mere 3.86% increase from as high as 0.30.

Many retail traders were whipsawed or trapped on these 3rd liner stocks today. As I’ve mentioned on my previous post, I have already gave my word of caution, a stock moving up quickly will eventually go down much quicker, so better take profits first before cheering your stock.

Anyway, this is a lesson learned and let’s move on.

Hanging Around the Boulevard

Let’s take a look at Boulevard Holdings Inc., BHI, the unshaken stock among the 3rd liners today.

BHI

My target price for BHI is at P0.36, if the support is broken at P 0.21, then it’s a cut loss.

For PWR, I’m thinking that it would continue for a correction in price, probably at P3.00 to P2.40, a 50% and 38.2% of Fibonacci retracement  level respectively.

GERI, is being supported at 2.80. P3.00 is now just around the corner, then 3.60. Stop loss is at 2.40.

Mining Stocks All Time Fave

On the brighter side, the mining stocks have dominated the market, namely MA/MAB, LC/LCB, PX, SCC. Will they continue to surge tomorrow?

It’s high time for the blue chips to move up, namely PLDT (TEL), MER, SMC, and SM. For your info, blue chip stocks are slower to move, boring and less exciting but it will prevent you from false starts (whipsaw) and are backed up by a strong fundamental story, good for the long term.

Though I’d still prefer fast moving stocks! ;)

What I can say is… Always respect the market, don’t be greedy and be humble.

Good luck traders! Thank God for the profits.

 

Pnoytrader.com
Photo from 123rf.com
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