Best Stocks to Invest in 2010 With High Rate of Returns
May 8, 2010 by BizMind
Filed under Stock Market Report
Best Stocks to Invest in 2010 With High Rate of Returns — Best-traded stocks may not be the best stocks to invest in for the year. But there are still good stocks to invest in 2010 with high return on investments . It’s up to you to study stock market analyst predictions.
In the Philippine Stock Market, Prince Anthony Yeung of AB Capital Securities advises investors who want to start buying good stocks for short-term and long-term investment to look at the banking and utilities sector particularly Security Bank (SECB), RCBC (RCB), Aboitiz Power (AP), Energy Development Corporation (EDC).
* Security Bank (SECB)
Established on June 18, 1951, it has established itself as one of the country’s most stable and best managed financial institution, with more than five decades of corporate success. Security Bank stands firm on a solid reputation as one of the Philippines’ top ten private domestic universal banks in terms of assets, deposits, capital and return on equity. For the 4th straight year Security Bank landed the Best Bank in Philippine Peso Government Bonds based on the results of The Asset Benchmark Survey conducted by The Asset Magazine, a leading finance magazine with a wide readership among global investors specializing in the Asian markets.
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*RCBC (RCB)
Rizal Commercial Banking Corporation (RCBC) is the Philippines’ fifth largest private domestic commercial bank with total consolidated assets of about PhP 239 billion as of end of December 2007.
*Aboitiz Power (AP)
http://www.aboitizpower.com/
Aboitiz Power Corporation (AP) is a publicly-owned holding company listed with the Philippine Stock Exchange that, through its subsidiaries and affiliates, is a leader in the Philippine hydroelectric power generation industry and has interests in some of the largest privately-owned distribution utilities in the Philippines. Since its incorporation in 1998, AP has accumulated interests in both hydroelectric power generation facilities and in thermal plants.
* Energy Development Corporation (EDC)
Energy Development Corporation is a pioneer in the geothermal energy industry with more than three decades of proven business viability. It has helped discover new ways of developing and commercializing renewable energy right at the heart of the resource – wherever the location and whatever the condition.
These stocks are expected to appreciate next year, supported by the strong fundamentals of the companies. With the economy started to show signs of recovering, many are now optimistic of a stock market rally for the whole year in the Philippine Stock Exchange.
Certainly, the equities market is ripe for a rally. And if it happens, be ready in investing in the stock market and looking for the good stocks to invest in with your hard-earned money.
Most of the stocks of these companies are also traded in the best online stock trading companies that will give you opportunities to buy stocks online.
Hopefully EDC will soar its price by the end of this year and many investors will pick it because it will really help the Philippines in terms of our energy needs in the future, clean and renewable energy.
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