Spc remains a good buy for long as we enter mayAs electricity is a necessity in Philippines especially because the temperature is hot because summer, more people consume and there is high demand for spc electricity service.
May also spc will release dividends; hence spc is consistent; one of the good ones; and therefore worth holding or buying more.
40 sma weekly is also below the current price. So we have both technical and fundamental in check.
I definitely will be buying more this may.
SPC trade ideas
Golden cross Strong A to BFundamentally growing
5yr growth on assets 13%, 15% on equity, 14.59% on invested capital.
Increase from .2 to .6 dividends per share. 5.8% growth over the past 5 years.
Strong A to b move and golden cross of 20 40 daily ema.
Price volume shows it is undervalued.
Hence a good stock to buy and hold for a long long time.
Because everyone needs electricity and that is not going to change any time soon.
Fundamentals are good Spc fundamentals are better than last year. Awaiting the new annual report to update. As the fundamentals improved, one should buy and hold.
7 last daily close resistance, needs breaking, initial target atleast 7.1 from there, let's take it one step at a time until it becomes a 10 bagger.