The Philippine Stock Market continues its nosedive due to panic selling and the Covid 19 scare. According to consensus, the Philippine Composite Index will hold the 6,000 level. However, the market almost touched the 5,000 level.
IRC or IRC Properties Inc (PHILIPPINE INFRADEV HOLDINGS) is one of the high risk - high reward stocks in the PSE. When IRC started to shift its business from mining to real estate, its stock price has started to do wonders. Valuation wise, its book value is attractive, as well as its earnings per share.
Pilipinas Shell Petroleum Corp is worth trying trade this coming week. Accordingly, SHLPH offers fat dividends at 10% per anum to its current price of P30.00 per share - compared to Petron that gives only 2% per anum.
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