Categorized | Announcements, Stock Tips

Ayala and MPI Partnership

Jaime Augusto Zobel de Ayala (Ayala Corp) and Manuel V. Pangilinan (Metro Pacific Investments Corp) announced their partnership to pursue PPP Projects. Read our post about PPP: 4 Stocks that will gain from PPP Projects

I think this is a win-win-win situation for Ayala Corp, MPI and the Government and of course, the main beneficiary the Filipino people. I believe that the Target Price for these 2 companies will be a little bit higher because of this partnership.

Stock Code: AC
Target Price: P452
Current Price: P427

Stock Code: MPI
Target Price: P4.67
Current Price: P4.51

Congratulations to AC and MPI Stockholders!

Note: Target Price and Current Price (As of 4/25-12nn) from CitisecOnline

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