Are you planning to take part in the Initial Public Offering (IPO) of Converge ICT Solutions? Make sure you check out PinoyInvestor's Premium-exclusive Special Report so you can come up with an informed decision regarding the Converge IPO.
Converge will use the stock code FIBER once traded in the PSE which is expected to begin on October 27. The IPO offer period will run from October 13 to 19. Here's an excerpt from the exclusive Converge IPO analysis to help guide you on whether to take part in the IPO offer:
*Special Report: IPO Analysis of FIBER (Converge ICT Solutions)
Our price target for FIBER, using 5-year Discounted Cash Flow forecast, is PHP xx.40 per share. At this level, the stock will trade at a 2021 EV/EBITDA of 15.5x. For a reasonable upside to this price target, we recommend to SUBSCRIBE to the IPO of Converge ICT Solutions Inc. (FIBER) if the stock will be offered at a price of ....
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Technicals Talk (with Price Support and Resistance Guide)
- DITO CME Holdings Corp. (DITO) || Price Support: PHP x.90 || Price Resistance: PHP x.20
- D&L Industries Inc. (DNL) || Price Support: PHP x.25 || Price Resistance: PHP x.50
- Greenergy Holdings Inc. (GREEN) || Price Support: PHP x.12 || Price Resistance: PHP x.35
- SFA Semicon Philippines Corporation (SSP) || Price Support: PHP x.31 || Price Resistance: PHP x.48
Market Commentaries
- PSE Plans to Revise IPO Rules
- Axelum Resources Expects Sharp Rebound by 2021
- Philippines' Budget Deficit Swells in August
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