Special Report: PSE Stock Market Outlook and Top Stock Picks by RCBC Securities

PinoyInvestor’s Special Reports cover our partner brokers’ expert analysis on a range of topics affecting the stock market. These may include economic updates, sector analyses, upcoming IPOs, and more! Learn how you can use this report in the PinoyInvestor guide.

 

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Our Partner Broker’s Recommendation

We forecast the Philippine Stock Exchange index (PSEi) to reach … points within the next 12 months.

 

PSE Sector Views and Recommendations

1. Construction and Infrastructure – Overweight

We are overweight on Construction-related companies. MWIDE will recover next year when Philippine Offshore Gaming Operators (POGO) start occupying the commercial leasable areas in PITX (Parañaque Integrated Terminal Exchange), while Eagle Cement (EAGLE) will see higher profits because of its additional capacity.

2. Property – ???

3. Gaming – ???

4. Banks – ???

5. Power – ???

6. Consumers – ???

7. Telco – ???

 

Top Stock Picks for 2nd Half of 2019

Stock Target Price Current Price Potential Profit %
Stock Pick #1 PHP 153.00 PHP 140.00 +10.10%
Stock Pick #2 PHP 14.00 PHP 11.50 +23.00%
Stock Pick #3 PHP 21.00 PHP 16.10 +31.90%
Stock Pick #4 PHP 990.00 PHP 875.00 +13.50%
Stock Pick #5 PHP 6.77 PHP 5.98 +14.40%
Stock Pick #6 PHP 25.10 PHP 19.10 +32.00%
Stock Pick #7 PHP 53.20 PHP 45.10 +18.80%
Stock Pick #8 PHP 30.47 PHP 26.20 +17.70%
Stock Pick #9 PHP 24.00 PHP 21.75 +16.10%

 

Our Partner Broker’s Analysis

Despite the hiccup in the 1st Quarter of 2019, primarily because of the delayed passage of the national budget, there is little disagreement that the Philippines’ macro outlook is solid.

Corporate earnings expected to grow by…

 

Stock Target Price by Sector

1. Telco

Entry of the 3rd telco player has recently made significant headway with the Senate’s approval transferring ownership of Mindanao Islamic Telephone Company (Mislatel), which owns a congressional telco franchise, to the group of Dennis Uy and China Telecom, which won in the selection process. Certificate of Public Convenience and Necessity and frequencies, which would allow the consortium to start operations, are expected to be awarded in July.

 

2. Construction and Infrastructure

3. Banks

4. Consumer

5. Power & Energy

6. Holding Companies

7. Gaming & Others

8. Property

Get a Premium Access subscription to get full access to all exclusive broker reports. Upgrade today using the coupon code: 600DISCOUNT to get a PHP 600.00 discount on your 1-Year Premium Access subscription. Promo expires on Wednesday, July 10, 2019.

Be a smart investor!

Use coupon code: 600DISCOUNT

And get P600.00 discount on 1-Year Premium Access -->

* Check out other Premium-exclusive Special Reports which you should be reading today:

Special Report: Which PSE Companies Beat Earnings Expectations? (2019-1Q)

Special Report: Outlook on BLOOM, RWM, and Gaming Sector (July 2019)

Performance Report: 6 Consumer Stock Picks Beat PSEi, Gain Profit of 18.73%

 

This report is prepared by PinoyInvestor’s partner broker below. Sign up to this stock broker to avail of their complete trading brokerage services:

RCBC Securities
RCBC Securities

RCBC Securities is one of PinoyInvestor’s partners in delivering superior and reliable stock research reports that help Filipino investors make smart stock investing decisions! Learn more about them here.