Stock Market Update: My Current Investments

by Gily Tenorio on July 10, 2010

in Stocks

I started to invest in stock market last January 2010 when I came back to Philippines from Korea. Actually, I really planned to invest in stock since August 2009. I already applied for a Citiseconline account at that time by sending all requirements through snail mail.

Sad thing, it didn’t arrive in Citiseconline office for evaluation and processing. I didn’t know what happened, and I told that story to one of the customer relation officer. She said to me I shouldn’t send it through post office because there are many cases of lost applications that they encountered. She told me to use LBC or other couriers next time when sending documents to them.

Anyway, I’m glad I had opened a Citiseconline account. My current investments in Philippine stock market includes the following stocks as of July 9, 2010.

1. EDC – 10,000 shares bought @ P4.85               Current Price: P4.70

2. RFM – 7,000 shares bought @ P1.26                Current Price: P1.24

3. MPI – 2,000 shares @ P2. 80                               Current Price: P2.70

Why I choose these companies?

1. I want to invest on blue chips stocks, meaning those stocks included in PSE index (PSEi). PSEi is composed of the 30 biggest companies in the Philippines in terms of market capitalization. Except RFM, EDC and MPI are included in PSEi.

2. I believe these companies are trading below their current value and they have big potential to increase income in the future based on their current assets and investment portfolio.

3. I like EDC because it is the only renewable energy company in the Philippines.

4. RFM has great potential to be one of the biggest food manufacturer in the Philippines just like URC or SMC.

5. MPI has a diverse investment portfolio such as energy, tollgates, water services, medical services and ports. This is a growth stock.

Notes:

EDC – Energy Development Corporation

MPI – Metro Pacific Investment Corporation

RFM – RFM and Subsidiaries

How about you? Which company do you think is good to invest in?

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{ 7 comments… read them below or add one }

Rachelappaco August 16, 2011 at 05:08

Stocks: a risk or a gain.

Reply

rein1188 July 6, 2011 at 11:57

good day!
how can i open an accnt in citiseconline.i’m an ofw like u here in korea.i’m interested in inevesting in stock market.thnx

Reply

Eleazar | Entrepinoy Bank July 31, 2010 at 21:34

With the ever increasing demand for renewable energy, I bet Energy Development Corporation is a good company to invest today. Investors, like you, will not only earn profit for your investments, but also help promote using clean energy for a healthier environment.

Reply

Jezz July 28, 2010 at 02:36

Hi!

I would like to ask how is your transactions in COL in terms of loading speed? Is it fast even if your are in Korea?

I find it really really slow that even loading a stock quote takes more than 10mins. Is this just normal?

Thanks.

Reply

Gil July 29, 2010 at 11:52

Hi Jezz,

Here in Korea, our internet connection is very fast. I have no problem with COL, my transactions are fast maybe less than less than 10 secs. when I made a buy or sell order.
Maybe there’s problem with your internet or PC and I learned that broadband connection is really slow in some areas there in our country just like the one used by my sisters in Malolos,Bulacan.

Reply

nakendlom July 14, 2010 at 11:38

I want to quote your post in my blog. It can?
And you et an account on Twitter?

Reply

Gil July 14, 2010 at 11:51

Yeah, its ok, you can quote my post, just mention my blog in your post or make a link to my blog.
I have twitter account: lfeblog

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