Emperador recently was correcting by huge percentage for the last 2 weeks after being mentioned to be removed from the Blue-chip index list. It has dropped by more than 20% since then as it corrected previously from its all-time high of 15.40/share. You can see the list for the new Blue chips stocks here which took effect today August 16,2021
Emperador income for the 2nd half is up by more than 60% to 3Billion
During the first semester, the company reported a 53% growth in net profit to owners. This brings with it P5.1 billion versus the P3.33 billion logged in the same period last year.
According to its disclosure
“The gradual easing of quarantine restrictions in various parts of the world has buoyed our first half business performance”
Looking back at its financial statements, Emperador earnings per share have increase from 0.12/share to 0.19/share this quarter as compared to last year of the same period. The huge Q2 earnings came from the 1.8Billion inQ2’2020 to almost 3Billion in earnings this year
The huge price reversal today occurred after fund managers completed rebalancing their portfolios for the new list of Blue chip stocks
