Must-Read Is It Good To Buy or Sell ABS-CBN Stock?

Last Friday, July 10, the House Committee on Legislative Franchises voted to deny the franchise application of ABS-CBN. This means ABS-CBN Corp. is now permanently barred from engaging in any form of TV and radio broadcasting services. Simply put: it's time to say goodbye to Cardo and Ang Probinsiyano, goodbye It’s Showtime, and goodbye to all ABS-CBN shows on TV and radio.

Although already suffering from a huge price drop, the stock of ABS closed on Friday, July 10, at PHP 14.78 without the Congressional Committee announcing its decision yet. Given the development regarding the rejected franchise application, what will happen to the stock when it starts trading again this week?

PinoyInvestor has a free stock report for you, prepared by their partner stockbroker. Just click to read this report for free: Good to Buy ABS-CBN (ABS) Stock in the PSE?.

Looking for other stock guidance to help you make smart and profitable trading decisions? Upgrade to Premium Access today foras low as PHP 399.00 to get full access to the following Premium-exclusive analyses and recommendations.

{getCard} $type={custom} $title={Use PinoyInvestor stock reports} $info={to make smart and profitable stock trades} $button={Sign Up} $icon={}

Technical Analysis (For Short-Term Traders looking for Price Resistance and Support)

• Technicals Talk: Altus Property Ventures Inc. (APVI) || Price Support: PHP ??? || Price Resistance: ???
• Technicals Talk: Emperador Inc. (EMP) || Price Support: PHP ??? || Price Resistance: ???
• Technicals Talk: Now Corp. (NOW) || Price Support: ??? || Price Resistance: PHP ???
• Technicals Talk: SFA Semicon Philippines Corp. (SSP) || Price Support: ??? || Price Resistance: PHP 1.49

Market Commentaries

• Market Commentary: Cebu Pacific to Reduce Workforce by 25%
• Market Commentary: Online Sellers of Cigarettes and Liquor Must Observe Local Laws, Says Lazada
• Market Commentary: PHL Could Lose PHP 1.1 Trillion if Tourism Standstill Extends to 12 Months
• Market Commentary: CLI’s Reservation Sales Grows 41% Amid Pandemic

Fundamental Analysis (For Long-Term Holders waiting for 1-Year Target Prices)

• Stock in Focus: Holcim Philippines (HLCM) || Recommendation: ??? || 1-Year Target Price: PHP x.40
• Stock in Focus: Bloomberry Resorts Corp. (BLOOM) || Recommendation: ??? || 1-Year Target Price: PHP x.90
• Stock in Focus: Megaworld Corp. (MEG) || Recommendation: ??? || 1-Year Target Price: PHP 4.xx

Why not try PinoyInvestor to see how they can help you make profitable decisions in the PSE? Get Premium Access to be a smart investor today!

I am not a stock market investor, not a licensed stock market advisor, does not provide personal investment advice nor advocate Buy/Sell/Hold recommendations of any investments and securities. You should seek advice from qualified/licensed stock market advisors before engaging in any transaction.