Hi Guys,
I haven't write for quite sometime about the market due to its lackluster performance. So basically i am currently waiting in the sidelines for the dividends to come out. I will be writing an update on this once i received them this coming June.
For the meantime here's the market update for today:
The PSEi rallied during the week tracking the extended rally in the US. The benchmark index gained 110.48 points or 1.43% to close at 7,740.74. Turnover decreased to Php29.0Bil from Php41.6 Bil in the previous week. Foreigners continued to be net sellers for the week, disposing Php2.1 Bil worth of shares.
Personal Thoughts:
Well after getting my GLO dividends i'm currently doing some analysis on other companies. Most of the companies 2017 financial results are already available for public viewing today. So i'm focusing more on getting these reports compiled and when i have time i will share my complete analysis here.
Another thing that i want to highlight today is the recent offering of the Philippine Government of RTB's or Retail Treasury Bonds for 3yrs with 4.875% per annum interest. This is quite surprising as usually bonds have around 5-7-10 year holding periods. Another great feature of this is that you can invest for as low as 5,000PHP (although it's much advisable to invest in larger amount to get better results).
Sad to say its given on a limited period (May 30 - June 8). If given a chance i will definitely invest in these once these opportunities arise
FULL DISCLOSURE:
CPG,FGEN,FLI,GLO,GMA7,MER,MFC,SLF,TEL,VLL
DISCLAIMER: These articles are for educational and informational purposes only and do not constitute to any advice to buy or sell investments. To each is his/her own decision if they will do the recommendations stated here