Price = 5.78, PE(TTM) = 12.08, ROE (TTM) = 30.40
Due to expected power crisis in the Philippines, EDC announced to improved its power generating capacity.Several projects are already started including the rehabilitation of Bacon-Manito (BacMan) geothermal complex in the Bicol region.
As I have mentioned in my previous post, Christmas Sale at PSE, EDC is one of the big player in the Power and Energy Sector and based on my analysis, its stocks should be price at P8.5 per share. The company's performance are outstanding and are expected to grow further once its projects are completed. In addition, EDC can benefit from the newly open Wholesale Electricity Spot Market in the Visayas region where several of its existing plants are located particularly the geothermal field in Leyte.
click here for the complete news in BusinessWorld
SPH
Price = 2.64, PE(TTM) = 22.92, ROE (TTM) = 2.86
Splash Corp made an announcement about their expected income for the year 2010 to peg at P130.5M, a turn around from its low income of P23.7M(million) in 2009 . However, the expected closing income is still low compared to the net income of P223.6M, P279.3M and P297.7M which they earned in 2006, 2007 and 2008 respectively. The posted low income in 2009 is due to the economic global downturn.
Looking at the operating cash flow of SPH in , there are positive signs of fast recovery and possible growth momentum. Assuming a 15% consistent income growth in 10 years, SPH should be price at 3.1 in 2011.
click here for the complete news in Inquirer
Disclaimer:
The assumptions used above are based only on historical data and doesn't guarantee future performance of the company. All investors are advised to conduct their own independent research into individual stocks before making a purchase decision. In addition, investors are advised that past stock performance is no guarantee of future price appreciation.
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