Stock Market Outlook - BusinessMirror

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Share prices fell slightly last week as the local bourse tracked Wall Street’s performance following the release of US inflation data, which missed the consensus target. Know more:

“Several of these names are also trading at deep discounts or below book value and are good value recovery plays, in our view,” the broker said.For the consumer sector, the broker said investors can look at Puregold Price Club Inc., Robinsons Retail Holdings Inc. and D&L Industries Inc.

It also advised to place bets on Ayala Land Inc. and Megaworld Corp. for the property sector, while Alliance Global Group Inc., SM Investments Corp. and GT Capital Holding Inc. are strong bets among the conglomerates.Ayala Land closed Friday at P28.55, Megaworld at P2.28, AGI at P9.42, SMIC at P871 and GT Capital at P507 per share.

 

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