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.
Fundamentally, SHLPH does not rely on its gasoline sales alone. Hence, its leasing or rental space from establishments like Mcdonals, Jollibee, etc pays its rent every month which also contributes to its earnings along with its automotive car care services such as oil change, etc. without discounting Shell's exploration on natural gas and clean energy.
Target Price: P35 - for the short term or take profits. P40 to P50 - for medium to long term.
Stop Loss: P29.50 - a tight stop loss should take place since the market conditions are really bad. If PSE goes to a bear market, no stock is safe and it may go not just lower but deeper. However, if you are an investor, SHLPH is a good stock to buy and hold due to its fat dividends and rich background history. Furthermore, the best strategy is to cost average on SHLPH and buying small portions as SHLPH continues its tailspin.
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