Trader’s Playbook

September 29, 2022

Robinsons Land Corp.
Bloomberg: RLC PM / Reuters: RLC.PS

RLC: Trading near the lower end of the range

BUY
• Month-to-date, Robinsons Land Corp. (RLC) is down
Last Traded Price (28 Sept 2022) 15.98
by as much as 17% and is now hovering at oversold
levels at 26. Mkt. Cap (P bn) 81.19
• The recent correction brought RLC near the lower
FMSEC Target Price 25.00
end of the range, where the risk-to-reward ratio is
favourable. Upside/Downside +56.45%
• Accumulating RLC at current levels is advisable for
bargain hunters/long-term investors. Set Stop RLC vs. PSEi year-on-year
Limit orders below P14.70. performance
10.0%
What Happened:
Month-to-date, Robinsons Land Corp.’s (RLC) share price 0.0%

is down by as much as 17% and is now hovering at

oversold levels at 26. -10.0%

Our View: -20.0%

Since Feb-21, RLC has mostly been trading within P15.30 RLC PSEi
to P20.00. The recent correction brought RLC near the Jan-22 Feb-22 Mar-22 Apr-22 May-22 Jun-22 Jul-22 Aug-22
-30.0%
Sep-22
lower end of the range, where the risk-to-reward ratio is
favourable. It is also worth taking note that RLC is trading Equity Research Analyst
near oversold levels with RSI at 26. That being said, Royce Aguilar
aggressive short-term traders/ bargain hunters can +63 (2) 8859-0600
attempt to take advantage of the stock trading at oversold
levels to ride the probable bounce.

Recommendation:
Accumulating RLC at current levels is advisable for bargain
hunters/long-term investors. Set Stop Limit orders below
P14.70. Take profit at around P18.20/P20.00. For long-
term investors, our target price for RLC is P25.00 (+56%
upside from recent close).
 Trader’s Playbook

Technical Corner

Analysis: Month-to-date, RLC’s share price is down by as much as 17% and is now
hovering at oversold levels at 26. Since Feb-21, RLC has mostly been trading
within P15.30 to P20.00. The recent correction brought RLC near the lower end of
the range, where the risk-to-reward ratio is favourable. It is also worth taking note
that RLC is trading near oversold levels with RSI at 26.

Trading Plan: ​ Accumulating RLC at current levels is advisable for bargain

hunters/long-term investors. Set Stop Limit orders below P14.70. Take profit at
around P18.20/P20.00.

Peer Table
EPS FY22F NI Margin FY22F P/E F12 P/BV F12 ROE FY22F

ALI 1.10 14.10% 17.90 1.42 7.01%

CLI 1.33 21.38% 1.44 0.31 19.41%
FLI 0.11 14.70% 6.30 0.23 3.63%
MEG 0.40 26.53% 4.89 0.32 6.50%
RLC 1.65 21.32% 9.13 0.62 6.87%
SMPH 1.08 30.94% 26.51 2.54 9.11%
VLL 0.56 25.89% 3.37 0.20 6.11%
Median 21.38% 6.3 0.32 6.87%
Source: Refinitiv
 Trader’s Playbook

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