Trade Idea | URC | Universal Robina CorporationThis is the stock I've been accumulating since it tested the 89 level. You can read my blog post here. This will be our long term PH stock position.
To reiterate what I've written from my blog post :
"Technically, my price target is 150.00. If for some reason, this play won’t work out, I will be out once I’m down by 7% here, remember that.
I’ve seen some brokers/ analysts cutting their price target to 132.00 reflecting their concern about the future growth of the sugar business and I think I don’t care. What really matters here for me is the bottom line figure of this stock.
Revenue is growing year over year. This year, the annual forecast is at around 161.98B and I think there’s a chance they’ll beat this plus they’re payout ratio is increasing."
So for those who are long on this stock, stay strong bulls.
