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Sunday, March 18, 2018

Dividends, earnings play this week


By James A. Loyola

Stock market analysts recommend investors to watch closely for companies that are declaring cash dividends and announcing earnings this week for signals on whether to buy or sell these issues.

“Instead of being side-swept by the series of net foreign selling following Wall Street’s volatile performance, it would be best to view the local bourse with a wider perspective and carefully re-check the merits of earnings prospects this year,” said 2TradeAsia.com.

The online brokerage added that, investors should “learn to separate ‘noises’ within a stock’s price trend and review fundamentals that would warrant upside angles.”

Firms declaring cash dividends this week include Metrobank, Semirara Mining and Power Corporation, Premier Leisure Corporation, Belle Corporation, Ayala Land, BDO Unibank, and Philex Mining Corporation.

Meanwhile, companies announcing 2017 earnings this week include D&L Industries, Global Ferronickel, International Container Terminal Services Inc., Del Monte Philippines, PLDT, Aboitiz Power and Aboitiz Equity Ventures.

Regina Capital Development Corporation recommended a buy on JG Summit Holdings if its support level at P68 per share holds. The stock fell sharply last week and breached its initial support at P70 per share.

RCDC also recommends a buy on SM Investments Corporation on breakout at P1,014. It noted that while SM is on a bearish trend, it has managed to trade above its support of R950 per share and is actually bullish in the long run.

Eagle Equities Head of Research Chris Mangun noted that, “investors are still worried about the constant net-foreign outflow and what the effects of higher inflation are going to be on our market.”

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