Bought PCOR @ ₱8.79

Bought some Petron Corporation today. Its P/E is around 16.8x while div gross yield is just around 1%, its price/book though is 0.95. Revenues seem to be lowering, however earnings look like they will be higher than 2015 as its 9-month income in 2016 was up around 47%. Not sure when they’ll release performance figures for 2016, but it was released around mid-March last year for the previous year. YTD return is -11.76%, with a 1 year return of -5.8% and will hopefully turnaround soon.

After writing this down, it makes me wonder if I should have put my money on PNB instead.


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