Converge ICT Solutions Initial Public Offering (IPO) Special Report

Are you planning to take part in the Initial Public Offering (IPO) of Converge ICT Solutions? Make sure you check out PinoyInvestor's Premium-exclusive Special Report so you can come up with an informed decision regarding the Converge IPO.

Converge will use the stock code FIBER once traded in the PSE which is expected to begin on October 27. The IPO offer period will run from October 13 to 19. Here's an excerpt from the exclusive Converge IPO analysis to help guide you on whether to take part in the IPO offer:

*Special Report: IPO Analysis of FIBER (Converge ICT Solutions)

Our price target for FIBER, using 5-year Discounted Cash Flow forecast, is PHP xx.40 per share. At this level, the stock will trade at a 2021 EV/EBITDA of 15.5x. For a reasonable upside to this price target, we recommend to SUBSCRIBE to the IPO of Converge ICT Solutions Inc. (FIBER) if the stock will be offered at a price of ....

This exclusive Special Report is provided only to PinoyInvestor's Premium Access members. Click here to access this Special Report: IPO Analysis of FIBER (Converge ICT Solutions).

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Technicals Talk (with Price Support and Resistance Guide)

• DITO CME Holdings Corp. (DITO) || Price Support: PHP x.90 || Price Resistance: PHP x.20
• D&L Industries Inc. (DNL) || Price Support: PHP x.25 || Price Resistance: PHP x.50
• Greenergy Holdings Inc. (GREEN) || Price Support: PHP x.12 || Price Resistance: PHP x.35
• SFA Semicon Philippines Corporation (SSP) || Price Support: PHP x.31 || Price Resistance: PHP x.48

Market Commentaries

• PSE Plans to Revise IPO Rules
• Axelum Resources Expects Sharp Rebound by 2021
• Philippines' Budget Deficit Swells in August

Stock in Focus (with 1-Year Target Price)

• Ayala Corp. (AC) || Target Price: PHP 8xx.00
• San Miguel Food & Beverage (FB) || Target Price: PHP x8.10
• Puregold Price Club Inc. (PGOLD) || Target Price: PHP x3.00
• San Miguel Corp. (SMC) || Target Price: PHP 1xx.70

I am not a stock market investor, not a licensed stock market advisor, does not provide personal investment advice nor advocate Buy/Sell/Hold recommendations of any investments and securities. You should seek advice from qualified/licensed stock market advisors before engaging in any transaction.