Welcome to the top twenty something index issues of the PSEi that have big market capitalization, plus some banks and financial big caps as well
In FGEN's pipeline.....
http://business.inquirer.net/67203/lope ... dro-plants
Wow. I'm surprised at how well FGEN is doing today.
I regretted taking profit on this and thought it's going to play around P16-P17 for a while with occassional dips. My GTC bid below P16 was rendered totally useless.
Guess I have to buy back those I sold at a higher price. Stupid me 3x.
1 qtr Earnings around 2.4 billion, market caps of only 57 billion, lower crude oil, mostly paid debts, additional new hydro power, guaranteed power sales due to meralco's PPA. Say we use 2.4b x 4 quarters= 9.6b, if use P/E ratio of 12, market cap should be 115.2 billion or double the current price. no biased no bullshit - believe it or not
"It's not the thinking that will make you rich in stock market, but the NOYNOYING."
From First Metro
Analysis: FGEN has gone up on a steep uptrend with increased volume since the third week of May. This shows strong demand for the stock despite inflated prices. The stock is trading on its highest in the last four years.
- Buy FGEN on any weakness. Supports are at PHP17.00 and at PHP16.60. Resistance is the round number of PHP20.00.
IMO FGEN could be the next AP. TP of 25 this year then maybe P30 next year
Im silently accumulating this stock from 14/sh to way up, and today I just finished my last purchase.
Next AP? My personal view is highly probable considering its rosy earnings this year and thereafter. I expect my broker would increase its TP after the 2nd qtr earnings report and positive development for Bacman. caveat..
Volume must exceed over 5,675,700. Today's volume 4,124,300 as of this writing. This stock must close 17.8 and above para may follow through ulit bukas. Kung di mangyayare, possible correction tom IMO. Meron pang afternoon session. Let's see what will happen.
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