The oil company grew for the year inline with it opening of 51 new gas stations in 2016. This increased the company’s total count to 505 stores by the end of 2016. With the increase of its retail stores it saw its fuel specific earnings grow to 937 Million Pesos from just 416 Million Pesos the year prior. The company has been resilient in generating more volume sales in spite of relatively lower oil prices at some points of last year.
Digging deeper on it’s five year fundamental track record, earnings growth aren’t as big and of a steady trend. Which is consistent for most businesses in the oil sector as earnings can be hit anytime by movements of the global oil market. The company’s ROE is below 10 and it has a dividend yield of just 1.12%.
Catch me in my live training events! (quick plug)
Here are the first events for the year! I will give you an update on our live sessions on UAE and Qatar in the next few weeks! 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! This is my passion and this is what I want to do over and over! To bring more consumers to investors! In this sessions, I will be teaching different techniques from how to select the right stocks up to how to find the perfect timing in buying and selling stocks.
PNX is still progressing from its breakout of 5.75, because of that breakout the stock is still holding its own and it is still bullish for the mid to long term. For position traders we don’t have any sell signal yet for the stock, as majority of our mid to long term indicators are still posting a bullish stance.
While for quick traders, the stock is already moving at a range of 7 – 7.37. The stock is a buy every time it bounces off 7 and a sell as it approaches 7.37. We are seeing sellers form around 7.37 which was evident since the start of February 2017 as the stock had a hard time to progress higher. Nevertheless a breakout from 7.37 will bring the stock up to 7.85, you may adjust your sell targets to the price range should a breakout happen. However if the stock fails to hold above 7, it may possibly experience a short to mid term drop to 6.2
This is aimed to help investors have a holistic sense on how they can grow, maximize, and preserve their wealth!(Stock Smarts Book 4 is also coming this year) I also feature other books in my website with authors that I respect which have different expertise in Finance, Business, Investing and everything else in between.
For more details and to order: Marvin Germo Book Orders