What does it mean if your an investor?
Of course, it's a massive sell-off, not just in Manila Water and Maynilad, but also to any utility company. Isama narin ang Meralco, PLDT, Globe or any company that the government can call its services as "economic sabotage". Can we also call San Miguel-Purefoods economic sabotage? They have increased the prices of the chicken since the African Swine Fever.
Of course, if you are the business owner, it can be disheartening. There are also rumors now that Ayala wants to exit and sell the water business.
Entry Level: Below 12.00 per share
Target Price: P15.00 or 20.00 per Share
STOP LOSS: P8.55 per share
Entry Level: Below P6.20
Target Price: P7.00 or P9.00
STOP LOSS: P5.80
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