so is px currently a buy?
let us see again for a moment and compare it with some listed mining companies ...
1st half 2012 eps = 83 cents
annualised = 1.66 pesos
at 17.08 ... p/e 2012 = 10.29 x
1st half 2012 eps = 14.7 cents
annualised = 29.4 cents
at 2.30 ... p/e 2012 = 7.8 x
1st half 2012 eps = 95 cents
annualised = 1.90 pesos
at 17.20 ... p/e = 9.05 x
quite interesting ...
at a comparable p/e of 10x earnings ... px should be trading at around 7.10 pesos ...
- px is already way way below its 50 and 200 dma and it just brokedown from its 20 dma
- macd is below 0 yet the macd histogram is still positive but pointing south and may possibly give a sell signal shortly
- rsi is already at oversold territory but sts is still a little above 20
- support is at 17.20 then 17.00
so ... is px already a buy?
i suggest to the reader to do his own analysis as an exercise ... will be good for u ... then lets compare notes
as for me ... ill wait a while first ... px may still go further south ... and i guess ill wait for the indicators to point up first before thinking of buying any share
good times! great trades!
p.s. all 1st half 2012 figures are from the pse website ... did not read the respective fs anymore