Stock Picks
AYALA LAND, INC. (ALI) TP 13.90 (Property volume leveraged to economic recovery)
ENERGY DEVELOPMENT CORPORATION (EDC) TP 5.60 - (Earnings from Palinpinon-Tongonan and augmentation in Leyte)
MANILA WATER COMPANY, INC. (MWC) TP 19.00 (Lower depreciation expense from concession extension = earnings growth)
METROPOLITAN BANK & TRUST COMPANY (MBT) TP50.00 (High operating leverage)
Stocks to avoid:
MANILA ELECTRIC COMPANY (MER) TP 165.00 (trading at rich multiples)
Source: Market Mirror - Facebook
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