{"id":18136,"date":"2011-01-15T02:04:35","date_gmt":"2011-01-15T07:04:35","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=18136"},"modified":"2011-01-15T02:04:35","modified_gmt":"2011-01-15T07:04:35","slug":"sta-lucia-land-sli-getting-around-the-property-scene","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2011\/01\/15\/sta-lucia-land-sli-getting-around-the-property-scene\/","title":{"rendered":"Sta. Lucia Land (SLI), Getting Around The Property Scene"},"content":{"rendered":"<p><a href=\"http:\/\/static.seekingalpha.com\/uploads\/2011\/1\/15\/650046-129507221958803-lytman02_origin.png\"><img decoding=\"async\" src=\"http:\/\/static.seekingalpha.com\/uploads\/2011\/1\/15\/650046-129507221958803-lytman02.png\" alt=\"\" hspace=\"6\" vspace=\"6\" \/><\/a><br \/>Those who subscribed in Sta. Lucia Land&rsquo;s  (SLI) initial public offering back in 2007 must have been very  disappointed after seeing the price of their stock gradually fall from  PHP 1.80 to a low of PHP 0.38 in 2009. After bottoming in 2009, SLI  continued to trade flat and sideways until finally waking up in July 28,  2010 when it rose by 42.31% from PHP 0.80 to P 1.11. Investor  participation gained momentum from then on  as can be seen by the increase in volume highlighted in the chart. From  July of last year, SLI had risen to a high of PHP 2.50 in a little over 2  months before it started to weaken again. From October 2010 to present,  SLI has been trading within a descending channel. Bias is usually  negative given this price action but given the larger picture, it  appears that good things are ahead for Sta. Lucia.<\/p>\n<p style=\"text-align: left;\">As you can see, SLI has formed a cup and  handle pattern over the duration of its listing in the exchange. Even if  it is presently trading within a descending channel, the blue moving  average looks to be keeping it from falling any further. In the event a  channel breakout, which is accompanied by a spike in volume, occurs, SLI  could spring toward the uncharted territories. A crossing of the MACD  over the zero line would further validate the breakout. Its upside  target, therefore, following a breakout would be around PHP 4.00.  However, it could still encounter some resistance at PHP 2.50 on its way  up. As mentioned, volume has thickened since July of last year. This  could be an indication that the &lsquo;big boys&rsquo; have been accumulating SLI&rsquo;s  shares.<\/p>\n<p style=\"text-align: left;\">Fundamentally, Sta. Lucia Land disclosed in  October last year its plan to build 6 new projects in Davao, Cavite,  and Cainta. The Mesilo Residences, which is a joint venture with the  Enriles&rsquo; Jaka Properties, will rise on a 150-hectare land in Trece  Martires, Cavite. Another development, Sugarland Residential Estates,  which is a joint venture with Highpoint Property Group, will also rise  in the same area. Nearby at Alfonso Cavite, the Luxurre Residences will  also be built. In Davao, a high end residential subdivision named South  Grove will arise on a 17-hectare property owned by JS Gaizano. In the  Metro, East Bel Air Residences and Sta. Lucia City will likewise be  erected along Imelda Avenue in Cainta and Libis, respectively. Once  these projects gain foothold, SLI&rsquo;s shares should rise as well.<\/p>\n<p>More on <a href=\"http:\/\/www.laidtrades.com\/\">LaidTrades.com<\/a> &#8230;<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Those who subscribed in Sta. Lucia Land&rsquo;s (SLI) initial public offering back in 2007 must have been very disappointed after seeing the price of their stock gradually fall from PHP 1.80 to a low of PHP 0.38 in 2009. After bottoming in 2009, SLI continued to trade flat and sideways until finally waking up in &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.investmacro.com\/fx\/2011\/01\/15\/sta-lucia-land-sli-getting-around-the-property-scene\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Sta. Lucia Land (SLI), Getting Around The Property Scene&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-18136","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/18136","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/comments?post=18136"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/18136\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=18136"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=18136"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=18136"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}