Weekly Philippine Stock Pick

My Weekly Philippine Stock Pick comes from the Philippines banking sector. They are an aggressive growing bank that looks like they will take over the number one position of the most branches in the country, if they haven't already. They provide the latest bank products services in personal business banking, wealth management, investment banking, and the new popular online eBanking services that comes with a debit cash card.

It's Banco de Oro. Ticker BDO.

BDO Trade Setup

Buy any weakness at 46.50 or below or on strength and the breakout of 48.50.

Stop-Loss at 8% or your preference depending on your position size and appetite for risk.

Take Profit: Near Term 49.50, Intermediate Term 53.50, Long Term 61.

Banco de Oro is an bank whose value is greater than merely the sum of its parts – the merger of banking industry stalwarts Banco de Oro Universal Bank and Equitable PCI Bank gave rise to BDO, which today represents an unparalleled consolidation of the distinct strengths of the merged banks. Banco de Oro has built a remarkable reputation as a universal bank, providing a wide range of corporate, commercial, retail, and investment banking services in the country. On the other hand, EPCI lays claim to a proven track record in commercial banking, middle market and SME lending, trust, leasing, and remittances. Both have reaped numerous awards from prestigious international publications. And just recently, the merged institution, now the second-largest bank in the country with a vast distribution network of more 680 branches and over 1,200 ATMs nationwide, was cited as Best Bank in the Philippines for 2007 by

Chairperson Teresita Sy-Coson credits the merger for the fusion of the banks’ organizational strengths, which, she notes, will lead to “greater customer service and enhanced shareholder value.” Clients will gain not only from the increased accessibility but also from the enhanced efficiency and service excellence of BDO. Bank management asserts that, with the proper groundwork laid during the transition planning and execution phases prior to the formal merger, the resulting institution will become a model of joint leadership and dynamic synergy never before attained in the local banki

Among the advantages of the merged bank is the vision and expertise of its senior management. Chairperson Sy-Coson and President Nestor Tan, recently named joint winners of The Asian Banker Leadership Achievement Award 2006 for the Philippines, face daunting expectations: “The merger of the two institutions will further raise the bar of competition for the Philippine banking sector, setting the pace for the entire industry to become more synchronised with the greater Asian financial services community by allowing only the highest standards of excellence in their institutions.” Both remain upbeat on the merged bank’s capability to deliver even beyond what is expected. Industry analysts agree, as many are bullish on the Bank’s prospects, citing its focused management, appreciating share price, and above-industry capital.

BDO Recent News

BDO ties up with Pilipinas Makro December 2007

BDO and Pilipinas Makro, Inc. (PMI) recently signed a Memorandum of Agreement for the acceptance of major credit and debit cards in Makro effective December 2007.

Visa, MasterCard, JCB and Amex can now be used in any Makro stores nationwide. The partnership has also opened Makro to the acceptance of EPS (BDO ATM, Landbank ATM) and Megalink debit cards as an additional mode of payment for the goods and services Makro is offering.

Want to be a stock and real estate investor but don't have enough money to play the big money game? Click here to attend our Business Building Seminars and learn about creating a six figure per month income business so you can now become an investor.

Good day, and good investing in your financial freedom future!