Alerts
NIKL rating changed to HOLD
George Ching
January 03, 2021. We currently have a HOLD recommendation on NIKL with a FV estimate of Php6.15/sh. We continue to like NIKL given that near term prices for nickel will continue to be supported by the Indonesian nickel ore export ban. Furthermore, we remain positive on the long term outlook for nickel due to the rising EV battery demand.
NIKL Rating 3 years ago
PCOR rating changed to BUY
Frances Rolfa Nicolas
December 01, 2021. Maintain BUY rating. We currently have a BUY rating and FV estimate of Php4.7/sh on PCOR. While we are wary of the emergence of the Omicron variant, we think that its impact will not be as damaging as the previous COVID-19 surges. This is because 1) more than half of the target population are already fully vaccinated, 2) the government seems to be more pro-active in implementing travel restrictions this time, and 3) COVID-19 tests are more accessible. Moreover, we think that fuel demand in the country could be sustained as long as key industries and public transportation remain operational. At its current price, upside to our FV estimate remains significant at ~40%.
PCOR Rating 3 years ago
RRHI rating changed to BUY
Justin Richmond Cheng, CFA
December 1, 2021 - BUY
RRHI Rating 3 years ago
WLCON rating changed to HOLD
Justin Richmond Cheng, CFA
December 1, 2021 - HOLD
WLCON Rating 3 years ago
PGOLD rating changed to BUY
Justin Richmond Cheng, CFA
December 1, 2021 - BUY
PGOLD Rating 3 years ago