Philippine Economy, Stock Thoughts: PERC

Few thoughts for today. 🙂

 

Philippine Economy

Philippine likely to grow 6.4% in 2013:

http://www.bworldonline.com/content.php?section=Economy&title=Economy-to-grow-6.4%-in-2013:-Nomura&id=65893

Very possible, Philippine Government has plenty of room to tweak the growth of the economy. The government can simply increase its spending on construction and GDP will increase.

See the compositions of the PH economy here:

https://fundamentalenthusiast.wordpress.com/2013/02/13/my-common-sense-approach-in-interpreting-the-gdp/

Basics of Macroeconomics here:

https://fundamentalenthusiast.wordpress.com/2012/08/08/macroeconomics-basics/

 

PERC

PERC won bidding for an oil exploration area in the promising northwest Palawan:

http://www.pse.com.ph/resource/disclosures/2013/pdf/dc2013-1558_PERC.pdf

However, China has existing claims on Area 4.

http://www.interaksyon.com/business/30331/oil-exploration-contract-bidders-unnerved-by-scarborough-shoal-tensions—doe

PERC already has a promising interest on an on-shore oil prospect, SC 51.

More on PERC here:

https://fundamentalenthusiast.wordpress.com/category/stock-ideas/perc/

 

LTG

Going strong price-action wise. 🙂

More on LTG here:

https://fundamentalenthusiast.wordpress.com/2012/10/28/making-sense-on-tdy-consolidation/

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