MRC Allied Inc. was incorporated in 1990 as Makilala Rubber Corporation. It was mainly a property development company and was engaged in the development of integrated residential, recreational, commercial, tourism, and industrial areas within a community.
Currently, the primary assets of the Company consist of two land banks. The first one is a 160-hectare estate in Naga City, while the second one is a 700 hectare raw land in Leyte.
Market Cap: PHP 5.19 billion
Sector: Property
Subsector: Property
Earnings Highlights:
- Revenues rose by 70 percent to PHP 980,032 in 2017 versus 2016
- The company suffered a net loss attributable to parent of PHP 65.66 billion in 2017
MRC released today its 2nd quarter and first half results for 2018. It continued to incur losses and expenses as it proceeded to explore and develop potential business ventures.
Currently, the company is venturing into the renewable energy business. MRC also has two other projects in the works: the Solar Power Plants and the Solar Photovoltaic Systems.
As part of the Clean and Renewable Energy project, MRC will develop at least a 60-megawatt solar power plant in New Cebu Township One (NCTO). This project is through its subsidiary MREN.
The plant will either supply the Visayas grid or offer its production to large power consumers within Naga City. MRC was already granted a service contract by the Department of Energy (DOE) for the said project on December 23, 2015.
On January 25, 2017, the BOD of MREN approved an increase in the authorized capital stock of the company from PHP 100 million to P500 million.
At the same time, the directors approved of the decrease in par value from PHP 100 per share to P 1.00. MRC also acquired 15 percent of Sulu Electric Power and Light Inc (SEPALCO).
SEPALCO owns and operates a 50-megawatt solar project located in Leyte for PHP 255.30 million.
On the Solar Photovoltaic Systems Project, the company entered into a contract with Uni Solar Inc (USI) on February 8, 2018.
The said agreement is for the supply, design, delivery and installation, testing, and commissioning of solar PV rooftop systems. The target is 4 MW Xentro Mall Developer Inc., which owns and operates shopping malls in the country.
MRC still appears to be trading inside a very tight range. The 15 EMA, 20 SMA, and 50 SMA are intertwined and are alternating as support and resistance.
Meanwhile, the volume is still thin in support of a consolidation pattern. MACD is also moving sideways.
RSI is also at neutral levels. Support is estimated at 0.57 followed by 0.54. Resistance is expected at 0.62 followed by 0.66.
Volume
As of August 1, 2018, at 03:30 PM, the volume of MRC is 1,037.01% of the previous trading day.
Remember the correlation between price and volume.
- bullish price + high volume = high sustainability (price)
- bullish price + low volume = low sustainability (price)
- bearish price + high volume = high sustainability (price)
- bearish price + low volume = low sustainability (price)
Risk Level
MRC has a MODERATE RISK level due to its risk percentage of 41.07%.
Foreign Fund Flow
MRC registered a Net Foreign Selling worth P78,160.00 as of August 01, 2018.
On a 30-day trading period, MRC is on a Net Foreign Buying worth PHP153,710.00.
Top 10 Players’ Sentiment
Trading participants of MRC with a 100% Buying and Selling Activity as of Aug-01-2018 at 03:30 PM:
12 out of 55 participants or 21.82% of all participants registered a 100% BUYING activity
13 out of 55 participants or 23.64% of all participants registered a 100% SELLING activity
Top 10 Players’ Buying Average: 0.6126
Top 10 Players’ Selling Average: 0.6135
The psychological average price of the top 10 players as of Aug-01-2018 is from 0.6126 to 0.6135.
- Key Prices for PH Bluechip Stocks 30% Above 52-Week Low - June 4, 2024
- May 2024 Market Sentiment Rating of 30 PH Bluechip Stocks - June 3, 2024
- EquiTalks: ICT, BPI, AEV Updates – 5.29.2024 - May 29, 2024
