EEI CORPORATION

Company in Focus : EEI Corporation

EEI

 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 . 

 

Recommendation : BUY ( Caveat ! ) 

Personal Short Term Target = Php12.00

Analysts Target Price Recommendations:

 COLFinancial :

 

 

 

 

COL 06.24.14

 

 Financial Times : http://goo.gl/8YHrpu

 

The Wall Street Journal : http://goo.gl/sjHqnv

Happy Trading !!!