Primex Corporation (PRMX) was incorporated in 1986 to engage in the development of real estate including purchase, lease, and disposal of land and other real properties.
Market Cap.: PHP 5.75 Billion
Subsidiaries:
• Primex Realty Corporation
Sector: Property
Subsector: Property
Earnings Highlights:
• Revenues shrunk by 54.50 percent in the year 2017 versus 2016
• Net Income attributable to parent for the year ended December 2017 stood at PHP 88.63 million
For the first quarter of the year, consolidated revenues reached PHP 7.44 million. The company did not have real estate sales versus its recorded PHP 69.09 million sales in the same period last year.
This was mainly because of the self-imposed moratorium on Goldendale Subdivision real estate sale. Real estate price hike affected the said moratorium.
Most of the revenues generated were from other income amounting to PHP 7.444 million. However, it was lower by 8 percent from the recorded PHP 8.082 million in the same period last year.
Interest income is flat at PHP 1.40 million. Rental income was also down by 14 percent at PHP 5.72 million versus PHP 6.673 million last year.
PRMX disclosed today, July 11, 2018, that it had launched the construction of its latest project, the Primex Tower. It is a 50-storey office located in Greenhills in San Juan City.
The tower will rise on a 1,944 square meter corner lot, with EDSA, Connecticut Street, and Florida Street surrounding the property. It will have 12 floors of above-ground parking and 38 floors of office space.
The property will also have 41,000 square meters of leasable space, ranging from 200-300 square meters each. The total construction would take roughly 4 to 5 years. The estimated cost is around PHP 3.6 Billion.
The company also just recently completed another project named, The Stratosphere, which is a 31-storey residential condominium. The project is located at the center of Salcedo Village in the Makati Central Business District.
PRMX continues its rally after its initial break above resistance at 3.16. Price is now above the short and medium term moving averages. The 15 EMA and 20 SMA are poised for a bullish crossover with the 50 SMA.
Volume already supports a bullish outlook. MACD is also bullish. RSI is bullish. However, it has already hit overbought levels. Support is estimated at 3.16 while next resistance is expected at 3.82.
Volume
As of July 11, 2018, at 03:30 PM, the volume of PRMX is 512.23% 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
PRMX has a MODERATE RISK level due to its risk percentage of 47.17%.
Foreign Fund Flow
PRMX registered a Net Foreign Buying worth P2,153,010.00 as of July 11, 2018.
On a 30-day trading period, PRMX is on a Net Foreign Buying worth PHP2,830,382.00.
Top 10 Players’ Sentiment
Trading participants of PRMX with a 100% Buying and Selling Activity as of Jul-11-2018 at 03:30PM:
7 out of 40 participants or 17.50% of all participants registered a 100% BUYING activity
11 out of 40 participants or 27.50% of all participants registered a 100% SELLING activity
Top 10 Players’ Buying Average: 3.5537
Top 10 Players’ Selling Average: 3.5758
The psychological average price of the top 10 players as of Jul-11-2018 is from 3.5537 to 3.5758.
What Is the Importance of Knowing the Top 10 Players’ Sentiment?
You need to know the psychological average price of the top 10 brokers who have traded a specific stock within a specific time period.
You need to know the buying average of the top 10 brokers who have traded a specific stock within a specific time period.
You need to know the selling average of the top 10 brokers who have traded a specific stock within a specific time period.
You need to know how many brokers, out of all the brokers who have traded a specific stock within a specific time period, registered a 100% buying activity.
You need to know how many brokers, out of all the brokers who have traded a specific stock within a specific time period, registered a 100% selling activity.
The buying and selling averages of the top 10 brokers are a sneak preview of the range of their collective average price.
If you know the psychological average price of the top 10 brokers who have traded a stock, you can calculate in your mind how much more can they probably afford to hold, relative to their collective risk tolerance, should the stock’s price go south.
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