Tuesday, February 06, 2007

my diamond in the rough

My beloved my find in the philippine stock exhange is keppel philippines marine incorporated. :) i have been watching this stock closely for the last 9 months and trying to gather more information about it. All i can say is that this is a really stable company. :) to show how good the company is the philippines' richest man 'henry sy” owns almost 5% in this company. :) that convinced me. But a friend of mine ,jerome, audited the company a few years back and he had nothing but good words for the company. Thats what really convinced me to get shares in this company. Kpm has good and able managers who are mostly singaporeans which is understandable since the parent company keppel is based in singapore. :) then 40% of the work they do are from foreigners and from what i know they still have a lot of orders that are waiting to be started. Most of the year aboitiz and sulpicio ships are in their dry docks for repairs :) very solid company but its shares have been overlooked by the market for this is a very boring industry. May i remind everyone the kpm has the largest shipbuilding facility in the philippines. :) would'nt you want to invest in the leader of its industry. :) with the emergence of asia in the world market orders for more boats and ships will just keep on going in. :) i have started to accumulate shares in the company because i really like it.:) and on the technical side the stock will hit a new high when it touches P1.05 which is really not far where the stock price is right now and just maybe tsupiteros and foreign investors might go in and drive the price to P3! Hehehe but thats too much maybe P2 is more realistic but you never know because the market is irrational. :) i was planning to write about this after valentine's day but there have been some persistent requests from some of my friends that i reveal the mystery stock so finally i gave in to you guys! :) please remember to always to do your own research before buying any stock. :) good luck in all your trades! Remember the stock market is simple. BUY LOW AND SELL HIGH! :) hehehe thank you kirby! :) as warren buffett said “when holding a good stock time is your best friend but when holding a bad stock time is your worst enemy”

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