Breakout Alert 13: $STI (Update 2017-11-06)

On October 26, 2017, $STI broke out from its previous 52-week high of 1.66/share accompanied by above-average volume. Its current exit price is 1.66/share. Buy above exit price, sell immediately when it falls below.

Pro(s):

• Trending up since 3rd quarter of 2016.
• Gross revenue for the first quarter of 2017 grew by 17% (based on its first quarterly report).
• Net foreign buying spotted these past few days (please refer to investagrams).

Con(s):

• Net income/loss after tax for the first quarter of 2017 went down to -₱439,999,077 from ₱10,599,335.00 of the same quarter last year (based on its first quarterly report).
• Earnings per share for the first quarter of 2017 went down to -0.04 from 0.01 of the same quarter last year (based on its first quarterly report).

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Update (November 06, 2017):

 Exit price now at 1.74/share.

 

CAVEAT EMPTOR