Sliver of Hope

Is it the end of the red days? Is this the end of the correction stage? Is it the end of the consolidation phase? Let us hope and pray...

I am happy that my MPI is green today as I got loads of them! It is such a happy day for all Tsupiteros who bought this stock yesterday at the bottom. It is a combined forces of ATR Securities and CLSA Philippines that push up the price. More than 25M! Citisec also bought more than 5M shares. I think it is one of Tsupiteros favorite stocks nowadays. According to my colleague who attended TradersPizza's seminar - JAP also advising attendees to buy this stock because it is cheap compare to other companies in the same industry. I too believed that.


I also believed that MPI has a lot of potential to be one of the best company here in Philippines. It got power distribution, water distribution, hospitals, toll roads and ABC 5? These businesses boosted MPI January to September core net income to 2.94B which in turns made them decide to re-calibrate this year earnings from 3.3B (originally 3B) to 3.5B! That's a lot of money! Let us see how Manny Pangilinan move his company to earn more next year - maybe buy more PLDT shares? 


Earnings breakdown:
1. Maynilad Water Services, Inc. - 1.8B
2. Metro Pacific Tollways Corporation - 1.1 B
3. Meralco - 1.8B
4. Hospital - 125M



EDC and VLL is not a good news as of today. It is still in the red zone.... sadly....
I just hope it will recover soon. I want to transfer my fund to AGI which is quite promising. It is one of foreign favorite stocks. I think I can sleep well knowing that I invested my money in AGI instead of EDC and VLL. Oh well, it is a risky  world out there....


As of 12 Nov 2010
Foreign Buying - 2,292,637,001.37
Foreign Selling - 2,182,559,908.27



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