First rule of investing is to never put all your eggs in one basket. I’d like to share here, the one stock I’m buying in South East Asia (Philippines) right now. I grew up eating their snack products and I like it so why not diversify and scoop some common shares.
Name of the company is Universal Robina Corporation (URC) and right now as of this writing, it is trading at Php 91.70. I already started buying it at this range (89.75-92.50) and plan to hold this until next year. I want to see the first quarter of 2025 earnings result and its guidance.
Technically, my price target is 150.00. If for some reason, this play won’t work out, I will be out once I’m down by 7% here, remember that.
I’ve seen some brokers/ analysts cutting their price target to 132.00 reflecting their concern about the future growth of the sugar business and I think I don’t care. What really matters here for me is the bottom line figure of this stock.
Revenue is growing year over year. This year, the annual forecast is at around 161.98B and I think there’s a chance they’ll beat this plus they’re payout ratio is increasing.
Fundamentally, this stock is solid. Technically, it’s ugly as it’s so close to testing it’s 52 week lows again (pandemic level), which makes this stock attractive to me.
If low gets lower, I’ll get out. Let’s see.