2mos Trend : From April high of Php 12.20 followed by 2 mos. downtrend (April and May) because of poor 2013 income report.
June Trend :
From the LOW of Php 10.00/share
recorded on 5.29.14, EEI shares recovered and closed to Php 11.09 and
now on the uptrend swing (6.27.14).
Excessive Sell Off of EEI Shares is an over reaction of the market as EEI continues to have a strong backlog, implying earnings will improve in the coming years.
And with the good news - “EEI’s level of workable contracts hit the P35-billion mark, the highest
in the history of the company,” the firm said in a disclosure to the
stock exchange. Also take note : As of the end-2013, the company’s backlog, or portions of existing
contracts that are still in progress, for domestic projects had a net
selling price of P12.48 billion. http://goo.gl/aD2i6I .
From May high of Php 6.03 (May 5, 2014 close) to Php 4.43 yesterday (6.18.14), Bel Stock price sharp decline can be attributed to the transfer of its gaming assets to Sino. On the other hand all Sino non gaming assets is transferred to Bel.
Recommendation : BUY ( Caveat! )
The price decline is an over reaction on the part of investing public and an opportunity for a bargain price.
