Good news for Philippine airline companies:
They can now fly directly to US and Europe. 🙂
This sounds so good:
More investments in the Agricultural sector can drive our country’s GDP higher.
More on interpreting the GDP:
EDC’s series of bad news made EDC’s price plunge.
Suspension of operations of BACMAN:
Assuming that BACMAN would not resume operations, the worst EPS that EDC could report is P.49. The market overreacted today, even reaching 6.03 lows.
Bought EDC for my hypothetical conservative portfolio @ 6.72 last Friday
I completely understand why EDC should go down much but I do not comprehend why FGEN too.
EDC contribution to FGEN is only 20%. My forecasted EPS for FGEN excluding BACMAN’s possible contribution would be P1.97 at 13x PE we can have an intrinsic value of P25.