Thursday, March 10, 2011

MPI, MEG,FLI,GMA7,BPI 3-10-2011


MPI, the only stock which is still in short term and long term uptrend, SLEX and NLEX income havent been reported yet, and investors are still complacant at this stock and havent been going down a lot lately, in fact the recent 3.4 drop is a good buy for bottom pickers. BUY rating when it goes back near 3.40, with a resistance and medium term target of 4.0 and long term resistance of its old highs 4.20-4.30.

MEG is also in short term downtrend line, and long term uptrend line seems to cross near 1.80, currently, it needs to breakout of 2.30 or so in order to trend up and be back to 2.79 highs, but I still doubt it at the moment, there is no good news yet if Sales have still risen as Key Rates havent increased yet, that’s why there are property sectors who doesnt move up yet. BUY near 1.80, and sell around FV of 2.30-2.50 medium term.

GMA7 long term is downtrend, slow downtrend one, if this really had the chance to hit the long term downtrend resistance of 7.5, I will surely get out first. But we might not know, its gaining momentum vs ABS, and with EPS 2010 of .60, its way cheaper than its competitor ABS. HOLD rating and SELL upon 7.5

FLI, its long term uptrend line really held the stock when it got 1.03, and assumingly, the 2010 EPS ratio of .13 really make this a 8PE ratio second liner, even though we lower the targets for 2011 and 2012. I still believe a fair value of 1.3-1.40 or 10PE ratio is waiting just around the corner. Buy and accumulate near 1.03

BPI is short term downtrend also, but not a very steep one, if this stock went to 56, i will surely short it first, a breakout of 56 means going back to 60. But for me, with its EPS ratio of 2.xx also, 60 is really slightly overpriced. HOLD and sell near 60 long term.





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