Pryce Corporation (PPC) was incorporated in 1989 and was initially named Pryce Properties Corporation. The company was engaged in the business of real estate development and holdings.
PPC was also involved in the development of memorial parks. It currently owns and operates 12 memorial parks in Mindanao.
On July 31, 2015, PPC received an order from the Commercial court to terminate its corporate rehabilitation proceedings. The court also declared the rehabilitation proceedings as closed and terminated.
Market Cap: PHP 12.35 billion
Sector: Industrial
Subsector: Chemicals
Subsidiaries:
- Pryce Gases, Inc.
- Pryce Pharmaceuticals
Earnings Highlights:
- Revenues rose by 37.25 percent to PHP 9.23 billion in 2017 versus 2016.
- The company earned a net income attributable to parent of PHP 1.15 billion last 2017
Recently, PPC released its financial performance for the first half of the year. The company was able to post a consolidated net income of PHP 711.89 million, a 22.34 percent growth. This figure goes against its record of PHP 581.90 million in the same period last year.
Higher revenues drove the growth, which reached PHP 4.83 billion, a 14.18 percent growth versus the recorded PHP 4.23 billion last year. Most of the company’s sales came from liquefied petroleum gas (LPG), which accounted for 91.45 percent of the company’s revenues.
Furthermore, the balance came from the sale of industrial gas, real estate, and pharmaceutical products.
Sales from real estate saw robust growth — rising by 166.6 percent — due to the sale of the Pryce Tower office condominium in Davao City. Industrial gasses grew by 10.10 percent, while pharmaceutical products grew by 47.09 percent.
Moreover, operating income rose by 46.86 percent at PHP 815.67 million versus the recorded PHP 555.40 million which was mainly due to higher revenues and the efficiency in managing operating expenses.
The company still has ongoing expansion projects such as marine-fed terminals and refilling plants nationwide. It is expected to aid the company in generating better LPG sales volume in the second half of the year.
Net income after deducting taxes totaled PHP 711.89 million. The company expects that LPG sales volume will grow by 15 percent in VisMin area. PPC envisions to achieve its projected net income for the year of PHP 1.50 billion.
On June 7, 2018, the board approved the declaration of cash dividends of PHP 0.12 per common share to stockholders on record on June 25, 2018. The payment date is July 19, 2018.
A total of PHP 242.94 million has been allocated for this dividend declaration. This translates to a dividend yield of 2 percent based on the closing price of 6.00 last June 7, 2018.
The stock is currently trading inside an extensive range. The 15 EMA, 20 SMA, and 50 SMA are moving sideways suggesting consolidation.
Volume is thin, but some spikes on the green candles are noticeable. MACD is turning bullish. RSI is also bullish but is not overbought.
Support (bottom of the range) is at 5.80 while resistance (top of the range) is at 6.26. This is a spread of roughly 8 percent from support to resistance. The best strategy to employ is to trade the range.
Should a bullish breakout materialize, the measured move is until 6.62 while should there be a bearish breakdown; next support would be 5.44.
Volume
As of July 24, 2018, at 03:30 PM, the volume of PPC is 245.39% of the previous trading day.
- 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
PPC has a LOW-RISK level due to its risk percentage of 26.11%.
Foreign Fund Flow
PPC registered a Net Foreign Selling worth P60,412.00 as of July 24, 2018.
On a 30-day trading period, PPC is on a Net Foreign Buying worth PHP1,599,979.00.
Top 10 Players’ Sentiment
Trading participants of PPC with a 100% Buying and Selling Activity as of Jul-24-2018 at 03:30 PM:
3 out of 10 participants or 30.00% of all participants registered a 100% BUYING activity
5 out of 10 participants or 50.00% of all participants registered a 100% SELLING activity
Top 10 Players’ Buying Average: 6.1197
Top 10 Players’ Selling Average: 6.1191
The psychological average price of the top 10 players as of Jul-24-2018 is from 6.1191 to 6.1191.
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 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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Read this article if you want to become a better investor, too.
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