DNL earnings beat COL Financial and consensus forecasts of
104% and 109%, respectively. According to a news from Inquirer.net, DNL’s
profit rose by 127% to Php 360 million as compared to the same period last
year. This added to the earning of the whole year 2013 which summed up to
Php1.4Bil.
As per COL Financial, DNL’s strong earnings were due to
their focus on the growth of its high margin business such as specialty fats
and oil products.
Last month, Pocketwise Pinoy featured DNL as one of the
stock favorites. We've given background of their business and some details of the company's profile.
We recommended buying shares of this company. If you bought
shares last month, you might have at least 5% earning by now.
Though DNL’s
market price is rising, we as long-term investors would still want to buy this
company. Since it closed to Php7.95/share last Friday, February 28, we can still have 14%
profit as the fair value estimated by COL Financial is Php9.10/share.
Hasn't started your own investment yet? Check our Philippine Stock Market Guide for Starters and start building your wealth.
May Success be to you,
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