Company in Focus : Belle Corporation
Trend : Continued decline of stock price
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| Bel Chart from PSEi |
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.
Analysts Target Price Recommendations
COLFinancial : Php 6.16
WSJ : http://goo.gl/9wZpTG
High = Php 8.00
Median = Php 6.85
Low = Php 6.16
Average = Php 6.96
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