Equity Security - Copy PDF

Title Equity Security - Copy
Course Intermediate Accounting 1-A
Institution StuDocu University
Pages 1
File Size 39.2 KB
File Type PDF
Total Downloads 34
Total Views 291

Summary

Equity...


Description

The JFC or Jollibee Foods Corporation stock price as of the closing of October 1, 2020 is P143.60 moreover, its stock price as of the closing of October 29, 2020 is 172.50. The first price is 143.60 which has -0.97% change, an opening price of P145.00 and a volume of 330,260. On the other hand, the second price is 172.50 which has -1.15% change, an opening price of P173.50 and a volume of 637,430. According to an article of Desjardins, the two prices are different because stock prices change every day by market forces. It changes due to the supply and demand wherein when more people want to buy a stock than sell it then the price moves up and when more people want to sell than buy it then the price would fall. Also, factors such as changes in the management or production and mention of the company’s name in the news or social media can affect the prices of stock. According to the historical data of investing.com that contains an overview of the stock prices of JFC, both of stock prices on those dates have decreased. The stock prices may decrease in anticipation of poor earnings due to the Covid-19 pandemic. In a business news article, an equity research analysis from PinoyInvestor.com‘s partner brokerage company RCBC Securities as of May 2020: “We are confident of the rebound of Jollibee Foods Corp. (JFC) after the Enhanced Community Quarantine (ECQ) in the Philippines given the company’s steady historical revenue and core net income growth performance. Its domestic business, comprising 73% of system wide sales, will provide a strong anchor. Even so, we expect weakness for the 2nd Half of the year 2020, as displaced overseas Filipino workers (OFW), including their families, remain a major market segment for JFC.” A forecast on the JFC stock can be bad, high risk one year investment based on the prediction of future values of walletinvestor.com. Sources: JFC historical data, https://ph.investing.com/equities/jollibee-foods-historical-data JFC, https://www.pesobility.com/stock/JFC JFC stock analysis, https://www.pinoymoneytalk.com/jfc-jollibee-pse-stocks-analysis/ Market down as investors dump Jollibee stocks, https://business.inquirer.net/298328/marketdown-as-investors-dump-jollibee-stocks...


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