Alerts
George ChingMRSGI rating changed to BUY
Justin Richmond Cheng, CFA
April 20, 2022. Maintain BUY rating. Recall that we recently brought down our FV estimates for the stocks in our coverage list as we increased our risk-free rate assumption following the higher benchmark 10- year Philippine bond rate. We currently have a BUY rating on MRSGI with an FV estimate of Php1.88/sh. Note that while MRSGI’s operations are currently challenged by the pandemic, this is only expected to be temporary. We expect core earnings to return to normal levels as the economy steadily reopens and as the company adapts to the new normal with its various growth initiatives.
MRSGI Rating 3 years ago
Richard Lañeda, CFA