Tag: Ayala CorporationSort
Ayala Land, Inc. or ALI in the Philippine Stock Exchange is one of the largest real-estate developers in the country. Its stocks have been rallying the past few days from a low of 14.12 Philippine Peso last Wednesday until today’s high PHP 15.80. However, ALI is on a 5-month downtrend and could further head lower until it reverses its short-term course.
Now, Ayala Corporation (AC) – led Globe Telecom, Inc. or GLO in the Philippine Stock Exchange looks to be on the verge of a price meltdown until the company does something that would induce investors to get back in. You see, while a lot of other issues had performed exceptionally well in 2010, GLO did not.