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    AC   PHY0486V1154

AYALA CORPORATION

(AC)
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Southeast Asia stocks: Most rise as local economies set to ease curbs, Philippines jumps nearly 5%

05/29/2020 | 06:29am EDT
A trader reacts during trading at the Philippine Stock Exchange in Makati city, Metro Manila

By Arundhati Dutta

Philippine stocks jumped nearly 5% on Friday amid last minute buying of blue-chip shares, while most other Southeast Asian markets closed up as several local economies are set to re-open after weeks under lockdown.

Markets in Southeast Asia largely ignored global concerns around a Sino-U.S. scuffle over Beijing tightening its control over Hong Kong, choosing to instead focus on easing mobility restrictions in the Philippines, Thailand and Indonesia.

In the Philippines, President Rodrigo Duterte eased one of the world's toughest curbs in its capital Manila.

Leading gains, the local benchmark closed up 4.8% with index heavyweights such as BDO UniBank Inc, SM Investments and Ayala Corp surging between 8.8% and 11% before the closing bell.

Thailand followed suit with announcements of shortened curfew hours and relaxed restrictions from next week - following which the benchmark recovered from a 1% drop earlier in the session to close up 0.4%.

Consumer Staples led the gains, with convenience store operator CP All adding 1.4%.

Along the same lines, Indonesian local media https://en.tempo.co/read/1347150/jokowi-advises-against-premature-opening-of-tourism-sector reported that plans were underway to impose "new normal" protocols across four provinces, including Jakarta.

The benchmark closed up 0.8%, with consumer discretionary and consumer staple stocks contributing to most of the gains.

Malaysian stocks ended up 1.1% and had their best month since July 2018.

Heavyweights Hartalega Holdings, Petronas Gas and Petronas Dagangan added between 9.4% and 12.6% for the day.

Shares in Vietnam jumped on real estate stocks, while Singapore, down 0.2%, was the sole loser in the region.

(Reporting by Arundhati Dutta; Editing by Shinjini Ganguli)


© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
AYALA CORPORATION -1.65% 806 End-of-day quote.-2.54%
BDO UNIBANK, INC. -1.27% 116.4 End-of-day quote.8.99%
BEST INC. -5.19% 1.28 Delayed Quote.-37.25%
CP ALL -0.81% 61.25 End-of-day quote.5.15%
HARTALEGA HOLDINGS 1.81% 8.44 End-of-day quote.-30.48%
LETS HOLDINGS GROUP CO., LTD. -1.79% 7.12 End-of-day quote.-8.48%
LOOK HOLDINGS INCORPORATED -3.23% 1497 End-of-day quote.56.43%
PETRONAS DAGANGAN 0.84% 19.2 End-of-day quote.-10.28%
PETRONAS GAS -1.88% 15.62 End-of-day quote.-9.08%
SET -0.29% 1612.98 Real-time Quote.11.29%
SM INVESTMENTS CORPORATION -0.10% 999 End-of-day quote.-4.77%
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Financials
Sales 2021 228 B 4 684 M 4 684 M
Net income 2021 23 743 M 488 M 488 M
Net Debt 2021 366 B 7 526 M 7 526 M
P/E ratio 2021 21,4x
Yield 2021 0,81%
Capitalization 496 B 10 207 M 10 183 M
EV / Sales 2021 3,78x
EV / Sales 2022 3,20x
Nbr of Employees 64 413
Free-Float 30,0%
Chart AYALA CORPORATION
Duration : Period :
Ayala Corporation Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends AYALA CORPORATION
Short TermMid-TermLong Term
TrendsBullishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 7
Average target price 985,29 PHP
Last Close Price 800,00 PHP
Spread / Highest target 43,1%
Spread / Average Target 23,2%
Spread / Lowest Target 7,38%
EPS Revisions
Managers and Directors
NameTitle
Fernando Miranda Zobel de Ayala Vice Chairman, President & Chief Executive Officer
Alberto Macapinlac de Larrazabal CFO, Chief Risk & Sustainability Officer
Jaime Augusto Zobel de Ayala Chairman
Maria Angelica B. Rapadas Chief Information Officer
Solomon M. Hermosura Secretary, Chief Legal Officer & General Counsel