Analysts advise investors to put PLDT on hold

Article Abstract:

Financial experts advise investors to wait a while before buying or selling stocks of the Philippine Long Distance Telephone Co. (PLDT) until these stocks reverse their downward trend. PLDT stocks are down 2.5% from the Aug. 2, 1996 close of 1,585 pesos. Experts believe that the safest time to buy/sell stocks is when they reach 1,400 pesos/1,700 pesos. Meanwhile, analysts say that PLDT's problems are rooted to its computer system which lack the software for counting incoming calls and call volume. PLDT, however, denies that it has such problem.

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Bad news in the Philippines may be good for shares

Article Abstract:

Financial analysts in the Philippines are recommending investing in blue chip stocks as Manila's stock exchange prices decline in the first quarter of 1997, offering good value. Analysts believe that quality issues are a sure investment during a bear market. Recommended stocks include Philippine Long Distance Telephone Co., Ayala Land, Metropolitan Bank and Trust Co., and Manila Electric. The stock market, which is expected to fall another 100 points, is also predicted to rebound within the following weeks.

Misc Stock Exchanges, Banking industry, Evaluation, Real estate industry, Manila Stock Exchange, Blue chip stocks, Metropolitan Bank and Trust Co. (Melrose, Massachusetts), Ayala Land Inc.

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PLDT, Petron shares seen as bargains in Philippine market

Article Abstract:

Inflationary rate and interest rate increases are not enough reasons to shun from the Philippine stock market. According to stock analysts, Philippine Long Distance Telephone and Petron stocks promise considerable gains for investors. The prevailing downtrend in the Philippine stock market can be attributed to the shortage in supply of some basic commodities and the impending oil price hike. Analysts contend that once an oil price increase is announced, the stock market will stabilize.

Securities & Commodities Exchanges, PETROLEUM AND COAL PRODUCTS, Petroleum, Petroleum and Coal Products Manufacturing, Petroleum industry, Petron Corp.

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