Top Philippine stocks to buy (or sell) — March 2013
We bring you another set of broker recommendations for the month of March 2013.
Last time, we wrote about the January 2013 buy-or-sell recommendations of Maybank ATR Kim Eng and CitisecOnline. This time, Maybank ATR Kim Eng, a Malaysian bank that partnered with a Philippine brokerage firm, has more stock updates as of March 11, 2013.
About the Broker
Maybank ATR Kim Eng is a diversified financial services conglomerate listed at the Philippine Stock Exchange with “MAKE” as its stock trading symbol. Its principal shareholder is Maybank Kim Eng Holdings Limited, a leading securities and investment broking group in Asia.
Top Stock Picks — Buy (as of March 11, 2013)
The top 10 stock picks of Maybank ATR Kim Eng, as of March 11, 2013 are as follows. The current prices, target prices, and upside potential of each stock pick are summarized below.
|BUY||Company||Stock Code||Sub-Sector||Target Price||March 11, 2013 Price||% Potential Increase (Upside)|
|2||AYALA CORPORATION||AC||Holding Firms||780.62||563.00||38.65%|
|4||SAN MIGUEL PUREFOODS||PF||Food, Beverage & Tobacco||370.00||303.00||22.11%|
|6||RIZAL COMMERCIAL BANKING CORP||RCB||Banks||72.50||65.90||10.02%|
|7||UNIVERSAL ROBINA CORP||URC||Food, Beverage & Tobacco||108.00||98.20||9.98%|
|8||PEPSI-COLA PRODUCTS PHILS.||PIP||Food, Beverage & Tobacco||7.20||6.56||9.76%|
|9||METRO PACIFIC INVESTMENTS||MPI||Holding Firms||5.68||5.39||5.38%|
Stock Recommendations — Sell (as of March 11, 2013)
The broker also has a list of stocks that they believe is currently overpriced and must be sold. Here is a summary of Philippine stocks with a “Sell” recommendation.
|SELL||Company||Stock Code||Sub-Sector||Target Price||March 11, 2013 Price||% Potential Decrease (Downside)|
|1||SM DEVELOPMENT CORP||SMDC||Property||4.24||8.69||-51.21%|
|2||TRANS-ASIA OIL||TA||Electricity, Energy, Power & Water||1.60||2.53||-36.76%|
|3||ALLIANCE GLOBAL INC||AGI||Holding Firms||17.61||22.20||-20.68%|
|5||DMCI HOLDINGS||DMC||Holding Firms||46.19||54.00||-14.46%|
PinoyMoneyTalk is not, in any way, affiliated with said broker. We do not stand to gain anything by publishing this report. Be advised that the data and content presented above are for information purposes only and are not intended as a solicitation to buy or sell the securities mentioned. They are also not meant to provide personal investment advice to readers of this article.
Investing in stocks is risky and loss of capital is a possibility. Past performance is not and cannot be a guarantee of future returns. Read and understand how the stock market works before investing your money.
You must read these other interesting articles:
- Tutorial on Stocks and Stock Trading
- Best PSE index stocks of 2012
- Performance Returns of Philippine Mutual Funds
- UITF Performance in the Philippines