Megaworld Corporation (MEG) – Analysis – March 9, 2017

Megaworld Corporation (PSE:MEG) is trading inside a very tight range. The upper limit (resistance) is at 3.90, while the lower limit (support) is at 3.64 first followed by 3.55. The volume has relatively been stable. The RSI is still pointing downwards, which is a bearish sign. The MACD is still neutral. The 15 EMA, 20 SMA, and 50 SMA are intertwined suggesting indecisiveness.

MEG is trading at 9.88x annualized P/E and at 0.98 Price to Book Value. MEG appears to be undervalued versus PSEi.

MEG - Daily Chart - March 9, 2017

Volume

As of March 8, 2017, at 03:30PM, the volume is 113.47% of the previous trading day.

MEG - Megaworld Corporation - Volume - March 9, 2017

Online Foreign Brokers

From January 26, 2017 to March 8, 2017, 11 out of 11 active online foreign brokers traded MEG.
Online foreign brokers’ Buy Average: PHP3.74
Online foreign brokers’ Sell Average: PHP3.72
Number of net buyers among the participating online foreign brokers: 6 out of 11
DEUTSCHE bought the biggest number of shares among online foreign brokers amounting to PHP363,229,220.00.
DEUTSCHE sold the biggest number of shares among online foreign brokers amounting to PHP415,248,340.00.

MEG - Megaworld Corporation - Online Foreign Brokers Transactions - March 9, 2017

Top 10 Players’ Sentiment

Participants with a 100% Buying and Selling Activity from Jan-26-2017 to Mar-08-2017 at 03:30PM:

13 out of 106 participants or 12.26% of all participants registered a 100% BUYING activity
7 out of 106 participants or 6.60% of all participants registered a 100% SELLING activity
Top 10 Players’ Buying Average: 4.1471
Top 10 Players’ Selling Average: 3.7209

MEG - Megaworld Corporation - Top 10 Players Sentiment - March 9, 2017 v2

Foreign Fund Flow

On a 30-day trading period, MEG is on a Net Foreign Selling worth PHP40,259,300.00.

MEG - Megaworld Corporation - Foreign Fund Flow - March 9, 2017

Risk Level

MEG is a low-risk stock based on our proprietary risk level indicator. Please don’t take this as an absolute indicator of a stock’s risk level. We advise that you calculate your personal reward-to-risk ratio.

MEG - Megaworld Corporation - Risk Level - March 9, 2017

Do you find this analysis helpful? Please let us know your thoughts by commenting below. It might seem insignificant, but it helps more than what you might think.

About the Author
The Stock Signals Philippines is the online news media arm of Equilyst Analytics. Inc., an SEC-registered stock market consultancy firm in the Philippines that guides Filipinos on long-term investing and short-term trading and offers mentoring services.

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