Friday, February 15, 2008

profits and more profits: JFC, AC, MBT, SECB, URC

Focusing on fundamentals
More corporate names have announced larger profits:

JFC's (Jollibee food corporation) profit is up 9.4%;
AC's (Ayala Corporation) profit is up 33%
MBT's (Metropolitan Bank and Trust Company)profit is up 27.5%
SECB's (Security Bank) profit is up 42%
URC's (Universal Robina Corporation) profit is up 15.4%

The lowest gains in percentage points belonged to JFC and was below Citisec's estimates. The only company to beat consensus expectations was SECB. Incidentally, JFC was the top performer in our bourse yesterday.

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