Stock picks: Bloomberry, Megaworld


Posted at Jul 10 2017 10:23 AM | Updated as of Jul 10 2017 10:30 AM

MANILA - Citiseconline analyst April Lee Tan on Monday recommended shares of casino resort operator Bloomberry Resorts Corp and property developer Megaworld Corp.

Bloomberry is poised to benefit from a recovery in the gaming sector, Tan said, adding there are indications second quarter results will be "very strong."

Megaworld's portfolio, on the other hand, fits current demand for office space, Tan said.

The Philippine Stock Exchange Index was up 0.11 percent to 7,898.25 in early trading Monday.

Tan said investors would look to second quarter earnings indicators for trading leads.