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PSE Stock: MANILA WATER CORP (MWC)

kkepang · 126 · 65890

kkepang

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Manila water is currently trading at 9.70 per share. It started a big plunge last January 16. Do you guys have any info as to why is this happening?

--
K
« Last Edit: Jun 26, 2012, 08:43 AM by FutureGizmo »


tuyuta

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Manila water is currently trading at 9.70 per share. It started a big plunge last January 16. Do you guys have any info as to why is this happening?

--
K


read/watch the news


terrapin

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it was downgraded.  something to do with mwss postponing rate hikes.


spidey

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kkepang

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pusa

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I found this article from absolute traders. the author says that it might go down to 8.

http://www.absolutetraders.com/newsletter/2009/01/20/mwc/


elbarax

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in your opinion, is it worth na hold muna sya or mas ok kung ibenta na ?


spidey

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I found this article from absolute traders. the author says that it might go down to 8.

http://www.absolutetraders.com/newsletter/2009/01/20/mwc/


bro salamat sa link..



in your opinion, is it worth na hold muna sya or mas ok kung ibenta na ?


well it depends on your risk tolerance I have MWC stocks with this value:

14,000 - 13.50
700 - 13.25
800 - 13.00
900 - 11.00
25,000 - 10.75
800 - 10.00

ang laki ng lugi ko pero I have no plans of exiting..

yun nga lang sayang yung time na bagsak yung stocks..

anyway lesson learned.. (almost 2 weeks of trading)


this might help you..


guys, my $0.02 cents on this discussion... before buying anything , be it stocks or whatever... be sure you have a plan...a plan that includes everything.....
1. at how much will i buy?
2. at how much will i sell if im wrong...? when to say quits
3. how much of my total asset will be lost /how much risk i need to take?...if i will hold this asset (or stock) come what may, lets say if it goes to 0 (losing 100% of value)? can my account take that huge loss? -- risk/reward scenario.../money management
--- Buffet might have bought something but how much % of that is from his total portfolio? who knows it might be just 2%...or he is hedge just in case price goes down to even 50%..... risk/reward scenario...you dont need to follow him blindly guys... he is a billionaire and he will never buy and hold just because he likes to....
4. when will i sell? when will i take profit....?

buying BLINDLY is dangerous, especially if all you think about is profit......and dont give the reason that prices always goes back up...it doesn't matter what company it is.....there is always a probability they can go kaputz!..

you can always be smart on your stock trading or investing... you need a plan , a good money management and a good risk/reward plan....

again my $0.02 cents.....


monmon

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For those who are into MWC. FYI. Citiseconline removed MWC as one of their recommended stocks in the Easy Investment Program (EIP) due to the reasons specified in the news.


FutureGizmo

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MWC's plunge is indeed due to that deferment of their proposed rate hike. CitisecOnline's recommendation of MWC right now is Sell. It's based on the assumption that MWC won't be allowed to increase rates in the next few months.


bauer

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guys,

i cannot speak for all of you but i hold MWC shares since IPO.  For me, dividends are good and share price is ok in the long term.  These are short term market volatility only.  It's an opportunity to buy.  I'll buy again at 9 per share.

I projected this shares to achieve at least 50 before year 2015.  Anyway, this is my opinion based on my own analysis.  you can do yours. it's up to you to decide.


bettingstation

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alam nyo guys... dapat ang manila water or nawasa dapat sa govt pero sa mga demonyong politiko nabenta ang mga ito... but i believe babawiin ito ng gobyerno sa pagdting ng panahon


spidey

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break-out ang MWC

according to some reports Ayala is increasing their stake in the company..


caveat!


sokka

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break-out ang MWC

according to some reports Ayala is increasing their stake in the company..


caveat!


 :oops: false breakout. thanks for the warning spidey...


lytman02

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Manila Water Company (MWC) Causes Traffic But Brings Money?

Manila Water Company or MWC in the Philippine Stock Exchange, a subsidiary of Ayala Corporation, is in the business of water delivery and sewerage sanitation services to the East block of Metro Manila. MWC, however, is notorious to a lot of people who lives and do business in Quezon City, Makati, San Juan, Taguig, Mandaluyong, Manila, Pateros, and Marikina because of the traffic congestion that they company cause on the roads...

http://www.laidtrades.com/2011/02/17/manila-water-company-mwc-causes-traffic-but-brings-money/


bauer

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ano po ba ang mas gusto natin?  Trapik o Tubig? 

Ang trapik laging meron pero kung wala tayong tubig, mahirap lumabas ng bahay na hindi naka ligo.


GoodSteward

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@Bauer, Im holding to my MWC at ave of 18.89....Do you think it is worth the hold?  How far do you see this stock go? Thanks!!


bauer

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the last time i checked MWC's financial statement (2009 december),

i see the stock climbing to more than 30 a pop within the next 5 years.  i bought mine during IPO at 6.50 and never waivered since then. 

This is a long term holding with a 6% annual dividend yield (not bad considering how low the savings deposit in banks now a days).

this is the only stock that i feel will be rewarding until my retirement age.  For the rest, i'm not confident.


GoodSteward

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singkit_1588

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hello.. :D
i want also to buy mwc..
would recommend a prefer target price??
i think mwc is good for long term investment besides sila ang supplier ng tubig sa east zone of metromanila at rizal area...

thanks..
 :watchuthink:


dinaren

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I like this stock because of its outlook being a utility stock in an expanding population and sprouting of new communities in the Metro. Also it has already positioned itself overseas particularly in India and Vietnam. Sabi nga nila di bale nang mawalan ng kuryente wag lang ng tubig. Im also going long in this one.

PD- 20% portfolio invested in this stock (and still accumulating)


bauer

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philippine star reported that MWC has a net profit of 3.9 B in 2010

manila standard today reported MWC has a net profit of 3.4 B in 2010

which is which?  obviously someone made a mistake or worse both of them made a mistake.  this is what i am saying all along, read as many news sources as you can so that you can 'intelligently' guess the things happening around you.


ahock

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bauer

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thanks ahock for the information

goodsteward,

since the net profit of MWC 2010 is 3.9B, I am changing my stock price target yield from 30 a pop within the next 5 years to 30 per share within the next 2 years!  Christmas is indeed coming early for MWC stakeholders......... yehey!


GoodSteward

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@bauer, yey, hoping to have a winner soon with this stock, il try to accumulate little by little...water is  basic necessity and they own the market as far as their area coverage is concerned....


ahock

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my computation is 34 but COL has put it at 24......


GIG

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@GoodSteward

I think our friend bauer is already a winner at MWC. He is just increasing his profits hehe! Come to think of it he was one of the first I know to like this stock, I just kinda follow suit.

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P.S.

Based on last 2009 FS I put the share price at 22, I guess I over estimated.
« Last Edit: Feb 23, 2011, 05:31 PM by GIG »


bauer

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thanks gig for the complements.

10 year horizon for MWC is 50 per share.  just in case you want to know.

ahock, your estimate of 34 is not overdone.  yes, i am just conservative with my own estimate.

for info, i bought at 6.50 (IPO) and i bought again at 18 (2009).  capital well invested.


ahock

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rds

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^malaki ba ang down ng MWC?

...ibig sabihin time to buy na (for me)...


bauer

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a big sell down of any stock in my own opinion should be more than 20 percent in 2 month period.


rds

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that's great...that means i still have time to look for extra cash to buy bargain stocks...


GoodSteward

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@bauer, MWC down 5%, hows the action gonna be in the next few weeks based on your analysis?

Im still not panicking...a little shaky but not panicking...



nanashi

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For me dividend declaration in April will overturn this downward momentum.


bauer

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goodsteward,

i do not look at the day to day trades of MWC.  i only monitor their quarterly financial reports & management actions from time to time.  That's how confident i am about its long term growth.

if i see some negative signs, i will post it in this thread.


ahock

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one thing negative that I can see (though not really as negative but something to think of) is yung growth nila. Laguna will not gonna have an impact so big that it will bump the earnings. Less that 10% or 5% lang connections. Sama mo pa boracay. On the East side naman halos efficient na sila sa water losses kaya mahirap na din mag improve whcih will translate sa earnings. International front naman is more into consultant lang ata with no activity like the one they are doing. So it maybe  understandable bakit stagnant sya. As long as Laguna starts to contribute then it will be upward na. When is that? kaya pang long term sya.

basta divs are increasing walang problema.


Ping

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Finally, MWC moved quite substantially last Friday.

A breakout?






 :cool2:


wintan2006

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           guys,ok pa ba bumili ng MWC kahit mataas sya ngayon.if we are going  for  long term and earn from its dividend,OK ba?


TSO

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I would suggest waiting for another downtrend if I were you.

Masyadong mahal ang MWC ngayon para sa mga wala pang position.


akira0422

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wait a little.... ok ako sa 17 level na entry point... but with mwcs fundamentals, i dont think its gonna happen this year.


wintan2006

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                 thank you guys for the suggestions.appreciate it from the bottom of my heart. :hello:


rds

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wait a little.... ok ako sa 17 level na entry point... but with mwcs fundamentals, i dont think its gonna happen this year.

nothing is impossible in stock market!


akira0422

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i hope so.... ill be looking at mwc, mpi and and at lower costs....... sana prices corrects a little so we can re-enter.... XDXDXD


medlifemd

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looking at the same thing akira... i know being contrarian is important but sometimes its good to see someone validate what you're thinking... haha!


bauer

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wait a little.... ok ako sa 17 level na entry point... but with mwcs fundamentals, i dont think its gonna happen this year.

just bought recently MWC at 19.30 per pop (as a gift to my inaanak)


GIG

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^^ howd you do it?  via stock certificates? If yes, is there a minimum amount we need to hurdle over for a broker to issue a stock certificate?

Thinking of the same thing to give to my daughters.


bauer

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gig,

i requested my broker to open an account for my god son's father and sent to the father all the documents for his signature.  then the brokerage issued a certification that certain number of shares were credited to his account while the completion of documents is on process.

the father can then decide later if he wanted a stock certificate (by arranging it directly with the broker).

this is my second time to give stocks as a gift to my close friends (so they can hopefully be motivated to increase their financial learning curve)

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depende sa broker ang minimum.  sa akin naman walang minimum sinabi ang broker.
« Last Edit: Nov 25, 2011, 03:06 PM by bauer »


bajoyjoy

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bauer

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vgal0579

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Manila Water readies Boracay line

THE BORACAY unit of Manila Water Co., Inc. expects to complete a P126-million submarine water pipeline this month to improve service to the island, the company said in a statement yesterday.

Boracay Island Water Co. will open its one-kilometer pipeline to augment the existing network originally placed by the Philippine government.

It will provide additional water to the elevated areas of the island.

Manila Water said the pipeline “will be able to address the island’s growing demand for water as the local government expects to exceed one million tourist arrivals this year.”

Boracay Water earlier received a P500-million loan from the Development Bank of the Philippines and Security Bank.

The loan is meant to allow the firm to enhance its water distribution services. -- E. N. J. David


vgal0579

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Joint Investment Agreement with Prov. Gov. Cebu

http://www.pse.com.ph/resource/disclosures/2012/pdf/dc2012-2165_MWC.pdf



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Manila Water, Cebu ink deal

LISTED EAST zone water concessionaire Manila Water Co., Inc. and its consortium partners have signed an agreement with the provincial government of Cebu to formally authorize a bulk water project in the province, the company said in a statement yesterday.

The agreement will allow Manila Water and its partners Viscal Development, Inc. and Stateland, Inc. and the Cebu government to jointly invest in a 35-million-liter-per-day bulk water project.

The project will source potable water from the Luyang River in Carmen, Cebu.

The agreement “is for a period of 30 years renewable for another 25 years.”

“This joint investment agreement with the Cebuanos is a testament of a true public private sector partnership. We take pride in being part of a solution to Cebu’s growing water demand through a sustainable surface water source project and to be able to bring our quality of service to the province,” said Manila Water Chairman Fernando Zobel de Ayala in the statement.

Manila Water’s consortium and the Province of Cebu will have a 51%-49% share in the project.

The project will partly provide water in the northern and central portions of Cebu, where less than 50% of the area is served.

It is also expected to improve groundwater conditions in the area.

The project is targeted for operation by the third quarter of 2013.

This is the fourth foray of Manila Water in a water franchise outside of Metro Manila’s east zone in the country.

Manila Water handles the bulk water demand for Boracay and Laguna through subsidiaries Boracay Island Water Co. and for Laguna AAA Water Corp.

Manila Water also has water projects in Vietnam and India.

Manila Water’s net income rose 7% in 2011 to P4.3 billion from P3.97 billion in 2010 due to higher billed volume and new household connections.

Manila Water services the areas of Balara, Cubao, Makati, Taguig-Pateros, Rizal, San Juan, Marikina, Pasig and Mandaluyong. Shares of Manila Water closed at P23.45, down 0.43% from its previous close of P23.55 apiece. -- E. N. J. David
« Last Edit: Mar 22, 2012, 10:44 AM by vgal0579 »


vgal0579

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Recommendation: Buy on support

AN ANALYST at First Metro Securities Brokerage Corp. has advised investors to buy shares in Manila Water Co., Inc. on support, noting the stock’s near-term downward trend.

“[The stock price] is currently consolidating and undergoing correction,” Ghia Paula L. Yuson told BusinessWorld in a phone interview. “It’s a defensive stock and a long-term buy,” she said.

MWC shares closed at P22.95 apiece last Friday, down by 0.22% from Thursday’s P23 per share. Ms. Yuson said the stock was trading at an earnings multiple of 12 times. She pegged the support price at P22.70-P23 and resistance at P24.35.

Last week, Manila Water and partners Stateland, Inc. and Viscal Development, Inc. sealed a joint investment agreement with the Cebu provincial government for a bulk water project that will provide potable water to northern and central Cebu. MWC’s profits rose by 7% to P4.3 billion in 2011 due to higher-billed volume and new household connections. — M. J. O. Cantilero
« Last Edit: Mar 26, 2012, 10:43 PM by FutureGizmo »


joconcepcion

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Recommendation: Buy on support

AN ANALYST at First Metro Securities Brokerage Corp. has advised investors to buy shares in Manila Water Co., Inc. on support, noting the stock’s near-term downward trend.

“[The stock price] is currently consolidating and undergoing correction,” Ghia Paula L. Yuson told BusinessWorld in a phone interview. “It’s a defensive stock and a long-term buy,” she said.

MWC shares closed at P22.95 apiece last Friday, down by 0.22% from Thursday’s P23 per share. Ms. Yuson said the stock was trading at an earnings multiple of 12 times. She pegged the support price at P22.70-P23 and resistance at P24.35.

Last week, Manila Water and partners Stateland, Inc. and Viscal Development, Inc. sealed a joint investment agreement with the Cebu provincial government for a bulk water project that will provide potable water to northern and central Cebu. MWC’s profits rose by 7% to P4.3 billion in 2011 due to higher-billed volume and new household connections. — M. J. O. Cantilero

Just asking sir, why buy for support? since MWC has many project on line?...

 :huh: :huh: :huh:
« Last Edit: Mar 26, 2012, 10:44 PM by FutureGizmo »


vgal0579

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^this opinion/ suggestion was based on First Metro's analyst(s); it's for us, traders/investors, to validate their claim (using research and analyses either technical or fundamental)... after all, it will be our money at stake... hope this helps...  :watchuthink:


vgal0579

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Manila Water to focus capex on projects for Rizal expansion

EAST ZONE concessionaire Manila Water Co., Inc. is eyeing an P11-billion capital expenditure this year, with a bulk intended for new facilities to support the firm’s expansion in Rizal.
“Our capital expenditure this year is between P10 billion to P11 billion this year and we expect this to go up,” Manila Water President Gerardo C. Ablaza, Jr. said at a press briefing after the firm’s annual stockholders’ meeting yesterday.

The firm spent P9.2 billion last year.

Much of Manila Water’s capex will be used for its 150-million-liter-per-day water treatment plant in Rodriguez, Rizal and the 50-million-liter-per-day Laguna Lake treatment facility.

Both facilities will support the company’s expansion into more areas in Rizal, where Manila Water’s penetration rate stands at just 40% compared to 90% for Metro Manila.

Manila Water services the areas of Balara, Cubao, Makati, Taguig-Pateros, Rizal, San Juan, Marikina, Pasig and Mandaluyong.

The Rodriguez plant is estimated to cost about P5 billion and is expected to be operational in the next two months.

Permits for the P2.6-billion Laguna Lake plant, meanwhile, are being readied with an eye on starting construction within the year. The facility could be expanded to process 100 million liters per day in the future.

“The capex is mostly internally generated cash but as we finalize our rate rebasing we may plan for more borrowings. Maybe we will go to the market in the third or fourth quarter,” said Manila Water Chief Financial Officer Luis Juan B. Oreta.

The company said it wants to develop smaller water sources as studies to look for new bulk water systems are still underway.

“Regulators are already evaluating new areas for bulk water services.

We have to develop smaller sources because we cannot keep relying on just one source. We project that we may already breach the threshold of water we reserved if there are no new sources,” said Mr. Ablaza.

The company had also approved the retirement of 500 million redeemable preferred shares with an aggregate value of P500 million which has already been redeemed.

The retirement of the shares will decrease Manila Water’s authorized capital stock to P3.5 billion from P4 billion.

Manila Water’s net income rose 7% in 2011 to P4.3 billion from P3.97 billion in 2010 due to higher billed volume and new household connections.

Shares of Manila Water rose by 1.5% yesterday. -- E. N. J. David


vgal0579

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Recommendation: Sell First

A&A Securities, Inc. has given Manila Water Co., Inc. a “sell first” tag as the stock is on a downtrend.

“I say it is a ‘sell first’ because the chart shows it has already reached its peak and is now going down. Presently, it is on a correction. If it breaks the price of P24.70, it is a confirmed sell,” said analyst Jeng T. Calma.

For those who want to include the Ayala-led MWC in their portfolios, the analyst said a good entry-point is at P24.60 per share. MWC shares closed the week 0.40% lower at P24.80 apiece.

Ms. Calma pegged the stock’s support at P24.70 and resistance at P24.80 to P24.85. The brokerage firm estimated the stock’s price-to-earnings (P/E) ratio at 12.41 times, higher than last year’s 11.19 times. It’s cheaper, however, than the electricity, energy, power and water sector’s P/E ratio of 15.43 times. — Trishia P. Octaviano


vgal0579

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Recommendation: Buy

AB CAPITAL Securities, Inc. has placed a “buy” tag on shares in Manila Water Co., Inc. (MWC), pointing to the stock’s potential upside amid expectations of business growth.

“We see an upside in the stock’s valuations in the next 12 months, given that the company’s gross revenues are expected to grow by 22% in 2013 because of rate rebasing,” analyst Gregg Adrian R. Ilag said.

The stock price is targeted to reach the P28.29-per-share level in the next 12 months, he said. The analyst, however, noted that technical-wise, the stock might have a “minor correction.” “Looking at the charts, there might be a downtrend this week, at around the P23.84-per-share level,” Mr. Ilag said. MWC shares closed P0.30 or 1.23% higher at P24.70 apiece last Friday.

Mr. Ilag placed the stock’s support at P23.77 and resistance at P25.91 per share. MWC is selling at a price-to-earnings ratio of 10.2 times, he said. — Judy Dannibelle T. Chua Co


vgal0579

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Manila Water gets top credit rating

MANILA, Philippines - Ayala-led Manila Water Co. Inc. obtained the highest issue credit rating of PRS Aaa from Philippine Rating Services Corp.

A triple A credit rating is deemed “of the highest quality with minimal credit risk” and that the borrower’s capacity to meet financial commitment on the obligation is extremely strong.

PhilRatings is the only domestic credit rating agency in the country accredited by both the Bangko Sentral ng Pilipinas and the Securities and Exchange Commission.

In assigning the rating, PhilRatings took into account Manila Water’s proactive management and competent technical staff with a proven track record; the company’s efforts to expand its service areas to ensure continued growth; sustained profit performance; more than adequate liquidity position, financial flexibility and capitalization which can support additional debt.

Manila Water is the exclusive concessionaire for the East Zone of Metro Manila, comprising 23 cities and municipalities. It continues to expand its market locally with projects in Laguna, Pampanga, Boracay and Cebu. It also has international ventures in Vietnam.

“Throughout its operating history, the company has been able to meet and even surpass its regulatory and financial targets, making efficient use of its capital, accumulated industry experience and partnerships. The company’s management has also been very proactive in dealing with issues relating to the water industry, such as the development of new water sources,” PhilRatings said.

Manila Water chalked a net income of P4.27 billion in 2011, up seven percent from a year earlier. It sustained upward traction in the first quarter this year with net earnings rising 64 percent to P1.34 bilion.

As of end-2011, the company had comfortable levels of cash and short-term investments amounting to P5.89 billion. The amount further increased to P6.45 billion at the end of the first quarter 2012.

PhilRatings said the projected growth in Manila Water’s retained earnings is expected to support additional debt.

The company is currently undergoing its third rate rebasing period as the concessionaire of the East Zone. Rate rebasing occurs every five years after 1997, when the company was awarded the concession.

Manila Water has already submitted the requirements for the process to the regulators and is expecting feedback within the year.

“Given its prior experience with previous rate rebasing periods and a historically strong performance vis-à-vis regulatory standards and targets, the process is likely to go smoothly and result in the company’s continued viability and growth in the next five years,” PhilRatings said.- Z Dela Pena


bauer

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Niagara Falls will flow in Katipunan.

A splendid surprise that came at the right moment.  Water is the future.


GIG

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yllor

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bilagan2004

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looks MWC is going higher and higher.... :D


 :yoohoo: tapos mataas dn cla mgbgay ng dividend  :rakenrol:



pmtmember

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MWC has been going down for the past few days with today being the biggest decline at -2.56% Will there be more to come after the appearance of Black Opening Marubozu or hitting the 23.6% Fibonacci Retracement level today signals the end of the decline? At the moment MWC has a strong bearish bias. For those who wants to get in, your time may be near.

Caveat!

MANILA WATER COMPANY, INC.


yllor

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hope this one reach its bottom price for the mean time and starts to go up one more time...

or.. this still affected by the news about the full reimbursement of expenses and loaded into consumers..


pizzarollpmt

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I'm also hoping for this. This will be the first stock i would buy.


Ping

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Will this qualify as BULLISH DIVERGENCE?

Despite the bloodbath, MWC is one of the few index stocks that survived today.




mikoangelo

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yap yap...

Nina e more on price action lang ako at ticker tape lang nakabase and kapansin pansin  nga lakas niya nina...merong "something" .. ;)


Ping

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singkit_1588

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as of this wrting -18%..
buying oppurtunity now or tulyo pa yan next week..
esep esep????


GoodSteward

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wink of  an eye wiped out gains ko and negative pa...hehe

investors lang nagwiwish di bumaba presyo ng tubig...

Mga common people malamang happy sa news....

Added at 26.4, basag at nasa  25 na....


 


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