{"id":323300,"date":"2023-05-23T00:43:39","date_gmt":"2023-05-22T16:43:39","guid":{"rendered":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/?p=323300"},"modified":"2023-05-23T00:43:41","modified_gmt":"2023-05-22T16:43:41","slug":"stock-in-focus-monde-nissin-corp-monde-23-may-2023-by-ap-securities","status":"publish","type":"post","link":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/stock-in-focus-monde-nissin-corp-monde-23-may-2023-by-ap-securities\/","title":{"rendered":"Stock in Focus: Monde Nissin Corp. (MONDE) &#8211; 23 May 2023 by AP Securities"},"content":{"rendered":"\n<h2 class=\"wp-block-heading\">Summary of Broker&#8217;s Recommendation<\/h2>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td><strong>Stock Code<\/strong><\/td><td>MONDE<\/td><\/tr><tr><td><strong>Company Name<\/strong><\/td><td>Monde Nissin Corp.<\/td><\/tr><tr><td><strong>Broker<\/strong><\/td><td>AP Securities<\/td><\/tr><tr><td><strong>Opinion Issued on<\/strong><\/td><td>23 May 2023<\/td><\/tr><tr><td><strong>Recommendation<\/strong><\/td><td>Buy<\/td><\/tr><tr><td><strong>1-Year Target Price<\/strong><\/td><td>PHP 15.50<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p>The MSCI rebalancing exercise does not change our fundamental view on MONDE and we see this as an opportunity to accumulate the stock for which we have a Buy rating and a Target Price of P15.50.<\/p>\n\n\n\n<div style=\"height:26px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\">Analysis and Opinion<\/h2>\n\n\n\n<p>The massive drop in Monde Nissin Corp.\u2019s (MONDE) market capitalization following its virtual write-off of its meat alternative business led to its removal from Morgan Stanley Capital International\u2019s (MSCI) Global Standard Index. The MSCI indices are closely-followed by foreign institutional investors and used as a benchmark for their portfolio allocations. <\/p>\n\n\n\n<p>MONDE\u2019s removal from the MSCI Standard Index will take effect upon market close on May 31, and it is estimated that the resulting foreign outflow will be around $96.2 Million or 59.5 times of MONDE\u2019s average daily traded value (ADV).<\/p>\n\n\n\n<p>Other changes to the index composition includes a reduction in weight for JGS (estimated outflow of $28.4-Million), SMPH (-$72.1 Million), TEL (-$19.4 Million), and ALI (-$23.5 Million). On the other hand, Ayala Corp. (AC) received an upweight and is estimated to see a foreign inflow of around $65.0-Million.<\/p>\n\n\n\n<div style=\"height:26px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\">Check how many brokers recommend this stock<\/h2>\n\n\n\n<figure class=\"wp-block-embed aligncenter is-type-wp-embed is-provider-pinoyinvestor wp-block-embed-pinoyinvestor\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"wp-embedded-content\" data-secret=\"jKa0kvXn59\"><a href=\"https:\/\/www.pinoyinvestor.com\/smartinvestor\/stock-rankings-all-stocks\/\">All Stock Rankings<\/a><\/blockquote><iframe loading=\"lazy\" class=\"wp-embedded-content\" sandbox=\"allow-scripts\" security=\"restricted\" style=\"position: absolute; clip: rect(1px, 1px, 1px, 1px);\" title=\"&#8220;All Stock Rankings&#8221; &#8212; PinoyInvestor\" src=\"https:\/\/www.pinoyinvestor.com\/smartinvestor\/stock-rankings-all-stocks\/embed\/#?secret=YOD7Fj8J37#?secret=jKa0kvXn59\" data-secret=\"jKa0kvXn59\" width=\"600\" height=\"338\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\"><\/iframe>\n<\/div><\/figure>\n\n\n\n<div style=\"height:26px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p style=\"font-size:16px\"><em><em>This report is prepared by PinoyInvestor\u2019s partner broker below. Find out more about <a href=\"https:\/\/www.pinoyinvestor.com\/smartinvestor\/our-partner-brokers\/\">our partner brokers<\/a> and sign up to avail their complete trading brokerage services.<\/em><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Our Target Price and recommendation for this stock is<\/p>\n","protected":false},"author":11,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12],"tags":[],"class_list":["post-323300","post","type-post","status-publish","format-standard","hentry","category-stocks-in-focus","generate-columns","tablet-grid-50","mobile-grid-100","grid-parent","grid-33"],"_links":{"self":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts\/323300","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/users\/11"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/comments?post=323300"}],"version-history":[{"count":1,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts\/323300\/revisions"}],"predecessor-version":[{"id":323302,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts\/323300\/revisions\/323302"}],"wp:attachment":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/media?parent=323300"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/categories?post=323300"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/tags?post=323300"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}