Stock Picks: Take advantage of GMA7 or ABSP shares
September 01, 2009-The 2010 Presidential Election in the Philippines in near and one of the most profitable and attractive stocks to invest as of this moment as in NOW are the shares from two of our largest TV networks, GMA7 and ABS-CBN (ABSP).
According to bworldonline.com, political ads of aspiring presidentiables for the 2010 elections help boosts profits for these networks especially GMA7 that expects to exceed target of P2.8-billion of net income by the end of the year. GMA7 shares is selling at P7.70 apiece last Friday. It’s a good buy right now while the price is still ranging from P7.20 to P7.70. Target to get more shares and earn dividends! If you plan to sell it, make sure it will be a few days from the day of the election itself. Target to sell it P12 or P15! That is like 40% profit-taking (soon in 2010).
Grab this opportunity now to buy GMA7 shares at P7.60 or ABSP shares at P31.50.
GMA7 shares:
30-day is P8.0, 30-day low is P6.1
Board lot is 1000 shares
ABSP shares :
30-day high is P32.50, 30-day low is P21.0
Board lot is 100 shares
Happy Trading!
I think GMA7 (or GMAP) is a much better choice that ABSP for the simple reason of profitability and generosity in giving away dividends. For more reasons you can follow my discussions on http://guscosio.wordpress.com
Yeah, GMA7 is generous enough in giving dividends as well. For those traders, you may get your own share of it!
I hope you guys picked up GMAP or GMA7. My target for the stock is above 9. It closed at 8.30 after hitting a day’s high of 8.50. Other stocks that I like are PNB, EEI, Lepanto(LC), ISM and AGI. In my assessment, all these have good fundamentals and are undervalued.
http://guscosio.wordpress.com
how do i buy stocks? what are the procedure? i have no idea on this…hahahahaha…but interested in learning. please pm me.
@Kathy: You may check this link: http://thegetwealthy.com/2009/08/online-stock-trading-steps/
Volume is not good; very slow stock; but it is sure.
Only for long term up to presidential elections.
what’s after election??? Nah!
@Rob: SO far, this stock is profitable. If you want to trade it, make sure to sell it after the 2010 Presidential Elections.
On Philippine Stocks:
FPH & EDC are looking oversold. It looks a little risky pick up stocks today but if you believe as I do that this is a ranging markets. Of course, that is a personal view that stock like ADC and even FGEN are now trading in a range.
Keep an eye on PNB which broke out of its range yesterday. For a long time the stock was hitting the ceiling at 24.50. Thursday, 17 September, it closed at 26 which is convincingly higher. Today, it is trading at 25.50 but again with good volume. I remain positive on its intrinsic value since my view is that it is trading around 0.55 times its book value. That is cheap for a bank that is well on its way to recovery.
http://guscosio.wordpress.com
Yes, I agree, GMA7 is a great buy from a value investing standpoint. The company is literally awash with cash with no debts. ROE for the past 3 years since they became public never went down 20%. The company has a strong moat and a strong income base. Warren Buffett would be buying this company and so would I, I would also hold this for the long term unless otherwise the eonomics of the business will change. Just some tips
Hello Sir Gus,
I’m also eying on PNB. With great volume, this would be a good investment for the mean time.
@Guerilla Investor: Thanks for agreeing! This stock is so attractive for me these days… And they really give dividends. And you’re right with their financial statements. It seems their company fundamentals are well-managed which is very important in considering stock investing.