On October 2008, teams representing their respective Universities will meet and compete for the chance to advance to the 2nd round in the Investment Research Challenge. The winner of the 2nd round shall represent the Philippines in the Regional Competition. Philippine Teams will have to produce a Research Report on Manila Water Company. The Challenge will require teams to analyze the Fundamentals and Financial Statements of the company.
The Regional Competition will be held in Singapore on February 2009.
In April 2009, the Finals will be held in London.
Manila Water CompanyManila Water Company is the company to be analyzed for the 1st round of the competition. This is a Philippine listed corporation in the Utilities Industry and it provides Water and Sewerage services to 5.1M residents of Metro Manila. In 1997, MWC had only 3 million customers and these customers did not have 24 access to water.
"Manila Water's future growth will be focused on the improvement and expansion of water services in the East Zone, its core business area. Growth in this area is expected to come from the increased demand brought about by the population growth and expansion of water and sanitation service commitments to unserved and underserved areas. The Company also regularly explores the possibility of bringing its services in areas outside the East Zone. Manila Water is considering new concessions, acquisitions or partnerships with other water districts, sanitation projects as well as management service contracts in selected countries in the Asian region." - MWC website
Bulls say:
Bears say:
Please go to
http://www.manilawater.com/ for more information.
Please go to
http://www.pse.com.ph/ and read the Company Disclosures of MWC and peers.
More details will be posted on this blog. Note that all views and comments in this posting are not the official views of CFA Philippines.
You are welcome to post your questions. Check out the comments section for advice and guidance from your friends at CFA Philippines!