Conventional, contrarian stocks dominate 2023 bets
COL Financial Group, the countrys biggest online stockbrokerage house, is bullish on banks, power, consumer and even a few contrarian bets from the unloved real estate sector, which is facing a host of challenges this year.
April Lynn Tan, COL chief equity strategist, shared their top 10 stock picks for the year and their respective price targets.
These were Aboitiz Power (fair value target: P45.20), Ayala Corp. (P907), GT Capital Holdings (P940), Metropolitan Bank & Trust Co. (P85.80), Ayala Land Inc. (P40), Robinsons Land Corp. (P26), Jollibee Foods Corp. (P305), D&L Industries Inc. (P11.40), and Puregold Price Club Inc. (P55.70).
Citicore Energy REIT Corp. was also in the list but no price target was available.
Tan said their recommendations focused on larger companies trading at reasonable valuations amid expectations local corporate earnings would grow by an estimated 13 percent this year.
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