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.
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