How expensive is BDO fundamentally based on their March 2020 financial report?

BDO Unibank Inc. (BDO), originally known as Acme Savings Bank, was acquired by the SM Group in 1976. BDO listed its shares on the Philippine Stock Exchange on May 21, 2002. The Company merged with Equitable PCI Bank in May 2007. 

BDO offers an array of products and services, i.e. retail banking; lending (corporate, commercial, consumer, and SME); treasury; trust; credit cards; corporate cash management; and remittances. Through its subsidiaries, the Company offers leasing and financing; investment banking; private banking; bancassurance; insurance brokerage; and stock brokerage services.

The Company's local subsidiaries include BDO Private Bank, Inc.; BDO Leasing and Finance, Inc.; BDO Capital & Investment Corporation; BDO Nomura Securities, Inc.; and BDO Insurance Brokers, Inc. The Company also has foreign subsidiaries in the US, Hong Kong, Italy, Japan, Canada, and Macau. The Company's associates include NLEX Corporation; SM Keppel Land, Inc.; Northpine Land Inc.; Taal Land, Inc.; and MMPC Auto-Financial Services Corporation.

As of December 31, 2018, BDO has 1,309 operating domestic branches (inclusive of one branch each in Hong Kong and Singapore), 4,325 automated teller machines and 484 cash deposit machines.

As of June 29, 2020, BDO was last traded at 94PHP per share. Its market price is  41.9% lower from its 52 week high. Is this fundamentally cheap and technically time to buy? 

Trailing P/E = 9.4 Indicating that for every 1php income last 2019, investors are willing to pay 9.4php.

Trailing PEG Ratio = 0.3, meaning, investors are willing or is paying 9.4php for every peso income last 2019 relative to growth growth rate of 35.4% which is the change of EPS from 2018 to 2019. A PEG ratio of less than 1 is considered undervalued.

Price to Book Value per share (P/B) = 1.1, meaning, the current market price per share is just 1.1 times higher that the real worth of the company as based on their March 2020 financial report. Usually, a P/B of less than 3 is considered undervalued.

Technically, the MACD momentum is in selling signal. RSI also is indicating a continuation of selling.  If I’m the investor, I would wait first for a sign of momentum reversal and not enter yet, but fundamentally, this is a good stock to accumulate. 

Disclaimer: Trade or invest at your own risk.

How expensive fundamentally is COL based on their annual report?

COL Financial Group (COL), formerly CitisecOnline.com, Inc., was incorporated on August 16, 1999, and on February 21, 2012, SEC approved the Company's application for the change in company name to the present one. COL engages in the business of brokerage and/or dealership of securities, and to provide stock brokerage services through the internet. 

The Company provides its customers with an array of products and services including full-service online stock brokerage, wide selection of mutual funds in a single platform, professional equity advisory services, investing tools and functionalities, research support, investor education seminars, market updates and information-driven briefings, and customer support.

In April 2017, Daiwa Securities Group, Inc. (Daiwa) acquired 14.9% of COL, giving Daiwa the opportunity to participate in the Philippine retail trading segment. Daiwa is an established financial services firm in Asia.

The Company owns 100% of COL Securities (HK) Limited, formerly CitisecOnline.com Hong Kong Limited, a foreign subsidiary domiciled and incorporated in Hong Kong, which primarily acts as a stockbroker and invests in securities.

As of June 26, 2020, MPI was last traded at 17.5PHP per share. Its market price is  7% lower from its 52 week high. Is this fundamentally cheap and technically sound to buy?

Trailing P/E = 18.2 Indicating that for every 1php income last 2019, investors are willing to pay 18.2php.

Technically, you can see that the MACD is still in bullish momentum, but RSI seems to indicate a peek in overbought indicator, signalling a sell off for profit talking.

In conclusion, P/E seems to suggest overvalued and the graph seems to indicate profit taking. 

If you want to know more about the fundamentals in terms in PEG and Price to book value, message me here.

Disclaimer: Trade or invest at your own risk.

MACD and RSI indicator of MEG Share as of Yesterday

Above is the latest MEG graph. As of yesterday's trading, MEG closed at 3php.

As you can see, for the 6 consecutive tradings, the market price keeps dropping causing the signal line to cross MACD line signaling a selling point, while RSI is in the direction of getting oversold.

What does this entail? Technically, MACD is still in the bullish trend as it still above zero lines, but the direction of its momentum seems to be going down along with the RSI getting oversold. In the next few days, we might see a bounce back.

I’m waiting for the RSI to reach a point of at least 40, I might accumulate more of this. 

My confidence stems from its fundamentals. Based on the market price yesterday.

Price to book value = 0.5 (based on 2019 annual report) Indicating that the current price is half the value of the real worth of the company.

Trailing P/E = 5.5 Indicating that for every 1php income last 2019, investors are willing to 5.5php, usually, this could indicate that the stock is either losing its popularity or undervalued, my bet is the latter.

Trailing PEG Ratio = 0.3 Indicating that for a growth rate of 17.3% (change in EPS from 2018 to 2019), investors are willing to pay 5.5php for every 1php income last 2019. Stocks like this are usually fundamentally undervalued. Typically, you should be willing to pay for every peso income more than the growth rate, but this share seems to indicate otherwise, thus undervalued.

Disclaimer: Trade or invest at your own risk.

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How expensive is MPI fundamentally based on their March 2020 financial report?

Metro Pacific Investments Corporation (MPI) was incorporated on March 20, 2006 as an investment holding company. The Company is organized into the following segments based on services and products: water; toll roads; power generation and distribution; healthcare services; light rail and logistics.  

The Company's subsidiaries are Manila Electric Company; Global Business Power Corporation; Metro Pacific Tollways Corporation; Maynilad Water Holding Company, Inc.; Metro Pacific Hospital Holdings, Inc.; Metro Pacific Light Rail Corporation; and MetroPac Logistics Company, Inc.

As of December 31, 2018, MPI's investments outside the Philippines include an effective ownership of 29.5% in Don Muang Tollway Public Ltd, a Thai toll road operator, and 44.9% in CII Bridges and Roads Investment Joint Stock Company, a toll road company located in Ho Chi Minh City in Vietnam and 75.9% in PT Nusantara Infrastructure Tbk, a listed Indonesian infrastructure company with two main businesses: toll roads and telecommunication towers and small businesses in water, ports and energy.

As of June 23, 2020, MPI was last traded at 3.82PHP per share. This stocks was of the top gainers from yesterday’s trading, this is one of the PSE index company. Its market price dropped by 27% from its 52 week high, largely because of the COVID19 pandemic. But is it now fundamentally cheap to buy? 

In terms of P/E, MPI recorded a trailing P/E of 5.03, meaning, for every 1Php earning last 2019, investors of this company are willing or are paying 5.03Php. With 5.03 P/E and with 68.8% growth rate (change in EPS) from 2018 to 2019, the company trailing PEG ratio would just be 0.07 which would he considered undervalued. 

In terms of price to book value, the current market price is currently 35.3% lower than the book value as recorded in their March 2020 financial report, meaning, the company is perceived to be 35.3% lower compared to the real worth of the company. In terms of this parameter, I say, it’s also undervalued.

However, the income for the first 3 months this year dropped by 46%, expectedly due to COVID19.

Is this a good stock to accumulate fundamentally in this pandemic period? The parameters above seems to suggest yes.

Technically, the MACD indicator seems to suggest that it’s in the bullish mode. And that signal line seems to indicate a not too soon crossover for selling signal.

Disclaimer: Trade or invest at your own risk.

How expensive is Cirtek Holdings (TECH) fundamentally based on their March 2020 financial report?

Cirtek Holdings Philippines Corporation (TECH) was registered with SEC on February 10, 2011 and is the holding company of Critek Electronics Corporation and Cirtek Electronics International Corporation. 

Through these subsidiaries, the Company primarily provides service/turnkey solutions including wafer probing, wafer back grinding, assembly, and packaging and final testing of semiconductor devices; and offers manufacturing solutions for value-added, highly integrated radio frequency, microwave and millimeter wave technology products.

As of June 19, 2020, TECH was last traded at 8.86PHP or 0.18USD per share since their financial statement is in terms of USD. This stocks is recommended by Philstocks to trade. Its market price dropped by at least 60% from its 52 week high, largely because of the COVID19 pandemic. But is it now fundamentally cheap to buy? 

In terms of P/E, TECH recorded a trailing P/E of 18, meaning, for every 1USD earning last 2019, investors of this company are willing or are paying 18USD. With 18 P/E and with no or zero growth rate (change in EPS) from 2018 to 2019, the company trailing PEG ratio would he considered overvalued.

In terms of price to book value per share, the current market price is currently 9 times higher than the book value as recorded in their March 2020 financial report, meaning, the company is perceived to be just 9 times higher compared to the real worth of the company. In terms of this parameter, I say, it’s also overvalued.

Is this a good stock to accumulate fundamentally in this pandemic period? Nope, this stocks is technically being traded.

Technically, the MACD indicator seems to suggest that it’s in bullish mode. And that signal line seems to indicate a not too soon crossover for selling signal, which suggest trading. 

Disclaimer: Trade or invest at your own risk.

How expensive is Ayala Corporation (AC) fundamentally based on their March 2020 financial report?

Ayala Corporation (AC) was founded in 1834, incorporated on January 23, 1968, and was listed on the Philippine Stock Exchange in 1976. AC is the holding company of the Ayala Group of Companies, with principal business interests in real estate and hotels; financial services and insurance; telecommunications; water infrastructure; electronics solutions and manufacturing; power generation; transport infrastructure; automotive; international real estate; healthcare; education; and technology ventures.

The significant subsidiaries of AC as of December 31, 2018, are Ayala Land, Inc.; Manila Water Company, Inc.; Integrated Micro-Electronics, Inc.; AC Energy, Inc.; and AC Industrial Technology Holdings Inc.

As of June 17, 2020, AC was last traded at 790.5PHP per share. The company is one of the PSE index company and top gainers from yesterday’s trading. Its market price dropped by at least 20% from its 52 week high, largely because of the COVID19 pandemic. But is it now fundamentally cheap to buy? 

In terms of P/E, AC recorded a trailing P/E of 14.6, meaning, for every 1PHP earning last 2019, investors of this company are willing or are paying 14.6Php. With 14.6 P/E and with a growth rate of 10.9% (change in EPS) from 2018 to 2019, the company trailing PEG ratio would be 0.36 which would be considered undervalued, typically, a PEG ratio of less than is in the category of undervalued.

In terms of price to book value per share, the current market price is currently 1.6 times higher than the book value as recorded in their March 2020 financial report, meaning, the company is perceived to be just 1.6 times higher compared to the real worth of the company. In terms of this parameter, It’s also undervalued, typically, PBV of less than 3 is considered undervalued.

In terms of income, as per their March 2020 financial statement, expectedly, it dropped by 17%.

Is this a good stock to accumulate fundamentally in this pandemic period? Based on the parameters above, it suggests that it’s fundamentally cheap to buy in this period. 

Disclaimer: Trade or invest at your own risk.

How does consumer price index affect the value of your money?

First, let’s understand what is CPI.

CONSUMER PRICE INDEX (CPI) = The Indicator of the change in the average prices of a fixed basket of goods and services commonly purchased by households relative to a base year. The base year used in the Philippines for CPI computation changes from time to time, but is always set to 100.

Prior to the year 2006, the previous base year was 2000, what does this mean? Suppose in the year 2000 there was a shopping basket commonly purchase by household, this basket contains the following goods in terms of percentage (may have been updated already).

Whatever the cost of the total goods, they will set it to 100 as the base cost. In the next month, they will again pick the same household goods and see the price change. This process will continue month after month.

If you notice, they again reset the basket in the early year 2006 to 100, and by the end of the year, the basket now costs 101.3 relative to the base year 2006. By the year 2016, the basket cost 146.3, an increase of 46.3% from the base cost.

In May 2020, the CPI recorded is 122.3. You might wonder why did the CPI decrease from 146.3 last Dec 2016 to 122.3 last May 2020? The reason is that they again reset the CPI last 2012 to 100, so now the baseline is not 2006 but the year 2012.

So what is the effect of this CPI change on your money?

Suppose you put PHP100,000 last 2012 in a time deposit with an interest rate of 1.1%, by 2019 expectedly, that PHP100,000 will grow to PHP107,959, an increase of almost 8%, but then, the CPI from 2012 to 2019 increase from 100 to 121.9 (21.9%). 

Should we compute the real rate of return which is the effective return on an investment after adjusting for inflation, we would get negative 11.4%, meaning, though your money is already PHP107,959, an increase of 8% from the initial value, if you used that money and spend it last 2019, the real value of it is only around PHP88,597, which means, your money actually dropped by 11.4%. 

That’s only if you invest last 2012, but what if your investment was since the last year 2000, you cannot use the CPI based on the 2019 report as it was adjusted based on the 2012 baseline. That CPI in 2019 when based on the year 2000 would even increase more perhaps to nearly 200, which means, the increase of price goods would be way higher. 

As you can see, you should find an interest rate that bets the CPI increase which is the inflation rate and note that it is being reset from time to time.

Planning to Join a Multi Level Marketing / Networking?

Before we persuade ourselves to join any MLM company, we need to at least understand that its concept is opposite to what a business concept is. 

You see, if we are to venture into business, one of the factors that we need to consider is the location, where as much as possible the location we choose have less competitor.

Where in MLM, assuming that the product is consumable such as supplements, beauty products, foods, or whatever, instead of mainstream advertising, the company uses the method of direct selling to those who become a member or join the company. The problem sometimes is that the product that you need to buy or consume regularly to be an active member exceeds your usage, so now you have the option to either sell, or give it to whoever might need it, but if you sell it, you might as well persuade that person to join since you will gain more via points/commission or whatever they call it. Thus, instead of having a potential customer or buyer, you are encouraging the person to become your competitor of the business, therefore next time if that person joins, he/she doesn't need to buy from you anymore, instead, that person becomes like you, and he/she will likely do the same as what you did and so on.

This type of system allows you to earn a commission from those people you recruited and even earn more if those recruited under you also do the same and so on, but the products required to be bought in a regular basis to be an active member is as good as only for personal usage. Unless you only want to become a consumer, the driving force for you to earn becomes the recruitment, which poses a problem sometimes because for you to persuade other people to join, you tend to exaggerate the product result. Well, I guess it will not become a problem if you join because you need the product, and need to maintain it on a regular basis, in this case, joining will be to your advantage, but I think many who were persuaded to join MLM did not join mainly because of the product, rather because of the potential to earn as quickly as possible through recruiting.

I’m not saying that MLM is not good in general, in fact, it's good training for someone to learn how to sell something, i.e how to overcome rejection, how to overcome shyness, etc. In Robert Kiyosaki Book " The Cashflow Quadrant", multi-level marketing is one of the options should someone wish to venture into business with little capital. According to him, there are three main types of business systems commonly used today.

1. Traditional C Corporation - Where you develop your own system
2. Franchises - Where you buy an existing system
3. Network Marketing - Where you buy into and become part of the existing system.

Each business has strengths and weakness, yet, each ultimately does the same thing. In the case of network marketing, one of the advantages perhaps is that it's a lot cheaper than developing your own system (building a business) and/or buying a franchise. On top of that, if you do it right, your network of people will increase, and should the time come where you have enough passive income to create or develop your own system, at least, you've already established a broad base of people where you can share, offer and market the system you developed.

Disclaimer: This is just my own opinion based on how I understand MLM. I maybe wrong

How expensive is WEB Fundamentally based on their March 2020 fInancial report?

PhilWeb Corporation (WEB) was originally incorporated on August 20, 1969 as South Seas Oil and Mineral Exploration Co. Inc. to engage in mining and oil exploration. The corporate name was later changed to South Seas Natural Resources, Inc. on March 29, 1984. In 2000, the Company again changed its corporate name to PhilWeb.Com, Inc., together with a change in its primary purpose to that of an Internet company. In 2002, the corporate name was changed to the present one. In 2005, the Company changed its primary purpose to that of application service provider for gaming and internet business activities as one of its secondary purposes.

In 2003, the Company received a license from the Philippine Amusement and Gaming Corporation (PAGCOR) to launch e-Games Stations, which are Internet cafes exclusively dedicated to casino games. With technology provided by WEB, patrons can choose from more than 300 casino games, including baccarat, blackjack, various slot machine games, video poker and sports betting. There are currently 288 operating e-Games cafes across the country, majority of which are owned and operated by independent operators. 

WEB’s subsidiaries include BigGame, Inc.; e-Magine Gaming Corporation; PhilWeb Asia-Pacific Corporation; Major Games and Amusement Corporation; and PhilWeb Mobile Lottery Corp., among others.

As of June 15, 2020, WEB was last traded at 2.36php per share. Its market price dropped by at least 50% from its 52 week high, largely because of the COVID19 pandemic, but is it now fundamentally cheap to buy?

In terms of P/E, WEB recorded a negative trailing P/E of 33.7, meaning, for every 1php earning last 2019, investors of this company are willing or is paying negative 33.7. With a negative P/E and with a negative growth rate (change in EPS) from 2018 to 2019, the company trailing PEG ratio would also be negative, which would be overvalued.

In terms of book value per share, the current market price is currently 11.8 times higher than the book value as recorded in their March 2020 financial report, meaning the company is perceived to be 11.8 times higher compare to the real worth of the company. In terms of this parameter, it’s also overvalued

In terms of income, as per their March 2020 financial statement, they also have a negative income.

Is this a good stock to accumulate fundamentally in this pandemic period? Obviously not, this is a stock being traded technically disregarding the fundamental value. 

Disclaimer: Trade or invest at your own risk.

Paano mag remit online sa I-remit singapore?

Just today nag announce ang MOM na kailangan ng mag pa-appoint muna sa remittance kung ito ay pupunta para mag remit.

Click here to read MOM announcement.

Sa mga kababayan ko na hindi pa alam paano mag remit online sa Iremit gamit ang online platform nila. Ituturo ko sya dito step by step, paano gawin in a hope na sana makatulong kung gusto ng mga kababayan ko na mag remit na hindi pumupunta sa remittance center.

Step 1: E download ang IREMITX application sa apple store kung iPhone user ka. Hindi ko kabisado yung sa Android phone, pero I presume na meron din application ang Iremit dito.

Step 2: Pag na download muna, mag join ka, then, e reredirect ka ng application papunta sa registration page, sundan mo lang yung instruction, note na ipapa picture sayo yung NRIC mo at mag papa take ng selfie to verify na ikaw yung nandun sa NRIC.

Step 3: Pag naka register ka na, mag sign in ka sa account mo, e reredirect ka sa dashboard page kung saan makikita mo ang mga features ng application, click or choose send money, makikita mo yung current na exchange rate and details na kailangan mo e fill up.

Step 4: Pag na click mo ang service mode, makikita mo ang mga option, tulad ng credit to bank account, cash pick up etc. Pag e-click mo naman ang payment method, meron dalawang option, (1) online transfer at (2) ATM cash deposit. Pag prefer mo ang online transfer, kailangan mo e transfer sa iremit dbs account yung amount na e re-remit mo, at kailangan yung dbs account na gagamitin mo sa pag tranfer papunta sa iremit account ay nakapangalan sayo. Kung wala ka naman dbs account na sarili mo, pwede mo piliin ang ATM cash deposit, dito my specific requirement sila, dapat ang total amount mo ay divisible by 10sgd, ibig sabihin, dka pwede magpadala ng 105sgd, or 115sgd and so forth.

Step 5: Pag natapos muna yung step 4, click mo lang ang next, e re-redirect ka sa page below, then add mo yung benefeciary mo, fill up mo lang yung mga kailangan e fill up.

Step 6: Pag ok na yung step 5, click next, e reredirect ka sa paymet instruction as below, depende sa payment method mo, para sa ATM cash deposit, refer to the left, kung online transfer naman, refer to the right, please read the important notes also, after reading, click next para e direct ka sa confirmation page, kapag ok na lahat, click confirm. After that, you will receive an email about your transaction, by then, within 24 hours dapat ma transfer mo or ma deposit mo sa iremit account yung pera e reremit mo. Once confirmed na ng Iremit yung deposit na usually tumatagal ng isang oras more or less, makaka receive ka ng electronic receipt ng successful remittance, then tapos na. Usually, the same day marereceive ng beneficiary mo yung padala mo, weekdays or weekend man

Side note: Ito ba ang best option para sa OFW as online remittance para iwas crowd? Para sa akin, kung my DBS account ka, meron din silang service na remittance, no fees pa sa DBS, medyo mas mababa nga lang yung palitan sa DBS remittance, pero dahil my service fee na 4sgd sa iremit, mas napapamahal ka pa actually sa iremit kaysa DBS at least in my experience. Ang nakita ko lang na advantage sa iremit is that, kahit weekend or holiday pag nagpadala ka sa kanila, usually ma receive agad ng pinadalhan mo within the day. Sa DBS naman, since walang banko sa sabado at lingo, next working day pa ma cre-credit sa pinadalhan mo.

Sa pag tatapos, sana makatulong ito sa mga kababayan nating OFW na nag tratrabaho dito sa Singapore, para iwas crowd. 

What are assets and liabilities?

Robert Kiyosaki Rich Dad Poor- Dad book, defines ASSETS as simply putting money in our pocket and LIABILITY is simply taking away money from our pocket, and according to him, to know whether an asset is really an asset, we have to see two financial statements. An item may be called an asset to someone but a liability to another. Just like an expense for someone but an income to another.

• Example: A bank will tell us that our house under a mortgage is an asset, while it really is, whose asset is it? Is it the bank asset or our asset? Reading two financial statement will let us see two sides of the story, the payment mortgage will be an asset to the bank since it put money to their pocket via mortgage payment, and is a liability to us since it takes away money from our pocket. Our savings in the bank will be a liability to them since it cost them money to safeguard it, but an asset to us because it puts money into our pocket via interest earned paid by the bank.

The poor, once they receive their paycheck usually spend it all without leaving any extra just before the next salary. They do deficit budgeting, even if they want to save, they just can't do it due to lack of self-control and, is usually not keen on educating themselves financially. 

The middle class usually prefer job security than financial freedom. They are fearful to take a risk, they buy what they thought to be an asset, it could actually be an asset, but the fact that it doesn't generate income, it becomes a liability. They work hard to pay off their supposed assets, instead of letting the assets pay for itself and really become an asset that generates income. 

The rich generate their income from their assets and pay their liabilities by the income generated by their assets. These are usually called portfolio income and passive income. Their money is working hard for them not the other way around.

How expensive is BLOOM fundamentally based on their March 2020 financial report?

Bloomberry Resorts Corporation (BLOOM), formerly Active Alliance, Incorporated, was registered with the Securities and Exchange Commission (SEC) on May 3, 1999. BLOOM was a manufacturer of consumer communication and electronic equipment operating in Subic Bay Freeport Zone until 2003, when it suspended business operations. In February 2012, the SEC approved the change in its corporate name to the present one and the change in its primary purpose to that of a holding company for hotel and/or gaming and entertainment business companies.

The Company is the owner and operator (through its subsidiaries) of Solaire Resort & Casino (Solaire), the first integrated resort at the Entertainment City in Parañaque City, Metro Manila. The Company has marketing presence in Korea, Macau, Hong Kong, Singapore, Malaysia, Indonesia, Thailand, Taiwan and Japan.

The subsidiaries of the Company are: Sureste Properties Inc. (SPI), which owns and operates the hotel and other non-gaming facilities in Solaire; Bloomberry Resorts and Hotels, Inc., which has a gaming license from the Philippine Amusement and Gaming Corporation, and owns and operates the casino in Solaire; Solaire Korea Co. Ltd. and its subsidiaries Golden & Luxury Co., Ltd., which owns, and has a gaming license to operate, Jeju Sun Hotel & Casino, and Muui Agricultural Corporation, which owns prime real estate in Muui Island in Korea; and Bloom Capital B.V., which owns Solaire de Argentina S.A.

As of June 10, 2020, BLOOM was last traded at 7.88php per share. BLOOM is one of the listed company. It’s market price dropped by at least 30% from it’s 52 week high, largely because of the COVID19 pandemic, but is it now fundamentally cheap to buy?

In terms of P/E, BLOOM recorded a trailing P/E of 8.76, meaning, for every 1PHP earning last 2019, investors of this company are willing or is paying 8.76php. With a 8.76 P/E and with a growth rate of 38.4% (change in EPS) from 2018 to 2019, the company trailing PEG ratio would be just 0.23, which would be considered undervalued since a PEG ratio that is less than 1 is generally considered undervalued.

In terms of book value per share, the current market price is currently 2 times higher than the book value as recorded in their March 2020 financial report, meaning the company is perceived to be 2 times higher compare to the real worth of the company. It seems in terms of this parameter, I say it’s still in the range of undervalued.

In terms of income, as per their March 2020 financial statement, expectedly due to COVID19, the income dropped by 37%.

Is this a good stock to accumulate fundamentally in this pandemic period? Based on the indicators above, it suggest that it is fundamentally cheap to buy in this pandemic period.

Disclaimer: Trade or invest at your own risk.