MPI’s Stock Price Up 7.7% Week-on-Week | Marvin Germo

Do you want to Make Money and Grow Money?

YES, I want it!

MPI’s Stock Price Up 7.7% Week-on-Week

By: Marvin Germo | March 10, 2019

MPI’s Stock Price Increases

What a good news it is for the Metro Pacific Investment Corporation (MPIC) investors! The stock of this known firm was one of the most actively traded stocks last week. Its shares closed at P4.91 on Friday and although it decreased by 1.2% primarily because it is now at the resistance it was still up 7.7% if we take a look at it on a week-on-week basis. We’re just on the last month of the first quarter of the year yet the firm has 6.7% increase on stock price for the year already. So, what triggered the jump on the firm’s price of stock?

Catch me in my live training events! (quick plug)

The heart of why I do this seminars is I want to build a generation of Filipinos with the right foundation in stock investing.  I want to bring smart investing to every Filipino around the world! If you would like to know more on how you could time the market checkout the trainings below.

Stock Smarts Cebu —  April 6 & 7, 2019
Investing Insights Japan – April 13, 2019
Stock Smarts Singapore —  May 18 & 19, 2019
Investment Conference 2019 – May 25, 2019
Stock Smarts Manila —  June 15, 16, 22, 23, & 29, 2019
Stock Smarts Iloilo – July 6 & 7, 2019
Stock Smarts Cagayan De Oro – July 20 & 21, 2019
Stock Smarts Hong Kong – August 11, 2019
Stock Smarts UAE – August 30 – September 3, 2019
Stock Smarts Qatar —  October 3 – 6, 2019
Stock Smarts Taiwan – November 2, 2019

Better-Than-Expected Earnings

The data from Philippine Stock Exchange showed that the 8th most traded stock from March 4 to March 8 belonged to MPIC. The total traded amount was worth P881.31 million or equivalent to 179.48 million shares. The company has better than expected earnings brought about by its toll road business

Increase In Toll Fees

NLEX Corporation has verified that the Toll Regulatory Board gave its go signal to increase the toll fees by P10 in its open system, which include the vehicles going to Valenzuela City, Caloocan City, Quezon City, Malabon, Marilao, and Meycauayan. NLEX also disclosed that they will start to collect additional P0.18 per kilometer in its closed system or those vehicles which will be charged by the distance traveled. The increase in toll fees will be effective on March 20. The increase in toll fees to be effected next week has made a positive outcome for the company.

Metro Pacific Hospital Holdings, Inc. (MPHHI)

MPI has the plan to increase its subsidiary’s capital to P20 billion by late this year or by 2020. The subsidiary they are talking about here is the Metro Pacific Hospital Holdings, Inc. (MPHHI), MPIC’s hospital unit. The raise in the capital would allow the firm to build a total of 30-40 hospitals across the country in the near future. The parent company is still assessing whether to go for an initial public offering or private placement to protect the money for the capital raise. As of today, MPHHI has 14 hospitals.

MPI’s stock chart

Looking at the chart below, MPI is currently sideways with a support at 4.25 and a resistance at 5. As MPI has a hard time at 5, we may expect the stock retrace again lower. Should MPI successfully breakout from 5 and stay above 5, the next target price of the company will be at 5.6.

I’m excited to share my 5th book overall and the 4th book in the Stock Smarts series, Stock Smarts: Breaking the Resistance – How to time your traders perfectly. The heart of this book is to teach you strategic ways on how to come in and buy and sell stocks in a way where you come as the market is headed up and come out as the market is headed down. The book is now out and exclusive via Marvin Germo Book Orders.
For more details and to order my other books: Marvin Germo Book Orders
Stock Smarts Book