• Cebu Air’s Return Flight To Php125.00

    Cebu Air’s Return Flight To Php125.00

    In our Equity Advisor issue last July 28, we noted that Cebu Air, Inc. (CEB) was already en route to fetch its holders who got into the stock at its IPO back in 2010 at Php125.00. As you can see from its chart, the stock has since risen towards the said area, hitting its initial target of Php121.80 following its break above the century mark. In the coming days, CEB will likely test and challenge its resistance at Php125.00 to Php132.00. Fundamentally, consensus gives CEB a fair value estimate of Php116.91. While the stock is currently trading at a premium versus the said fundamental target, a re-rating may be in order on the back of the company’s 47.70% jump in net income during the first semester of the year.

    CEB write-up from the Trading Edge Equity Advisor:

    July 28, 2016

    Those ‘ipit’ who got Cebu Air, Inc. (CEB) at its IPO price of Php125.00 last 2010 may finally get free. As you can see, CEB has just broken its 18-month resistance when it successfully cleared its ceiling at the Php100.00 to Php102.00 area. Given its rise from the said zone, CEB has now placed itself on the road to reach for its next resistance at Php121.80 to Php132.00.

    cebu air, inc. CEB cebu pacific airlines resistance breakout 07.28.16

    CEB write-up from the Trading Edge Equity Advisor:

    May 16, 2016

    Cebu Air, Inc. (CEB) will likely move towards the top end of its 20-month trading range. As you can see from its chart, the stock has just broken past its interim hurdle at Php92.00. This event may then enable it to reach for its next key resistance at Php98.40 to Php99.50.

    cebu air, inc. CEB cebu pacific airlines resistance breakout 05.16.16

    CEB write-up from the Trading Edge Equity Advisor:

    March 6, 2016

    Cebu Air, Inc. (CEB) will likely head north as the summer season approaches. Technically, one can see that the stock has just pivoted from an interim bullish reversal that resembles an inverted head and shoulders. Buying activities may likely be expected to flow in given its rise over its resistance at its prior low of Php83.00. Such may then lead it towards its next resistance at Php91.00

    cebu air, inc. CEB cebu pacific airlines inverted head and shoulders breakout 03.06.16

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    *Consensus target price or average target price given by the major foreign and local brokers of various stocks on top of index names are available in our Equity Advisor!

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