In Asia, PSE finished the line at the top spot this Chinese New Year. It got its all Time high and may see a possible correction soon, Negative Divergence is seen in its Daily Chart.
A pullback to the pink zones around 4300-4550 is recommended for this uptrend to continue and be a healthy Market.
Its January again, and the big Media Groups are expected to release Cash Dividends around March and April 2012.
Aligned to lower earnings last 2011, compared to 2010's election-pumped earnings, these 2 Big Media Companies still earned a lot this 2011.
GMA7 did a lower earnings, but still in track to an expected 0.35 per shared cash dividend, around 5% from its current stock price, I did put RED Circles around the cash dividend dates where an expected 5-10% rally was seen for the past 3 years.
Trade the earnings when it is still low.
On the other hand, I prefer ABS for a better profit compared to 2010, 2011F earnings is at 8.5X P/E Ratio, cheaper than Gma7's 13X P/E.
In my estimates, ABS could give 1.50 pesos per share, that is around 4.8% gross dividend per share.
PD: I bought ABS around the 30s, and targeting to sell it at 34-36 before or after the Dividend Dates.
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