Axelum (AXLM) Slashes IPO Price to PHP 5.00 Is It a Good Buy? - Theblogproject

Wednesday, September 25, 2019

Axelum (AXLM) Slashes IPO Price to PHP 5.00 Is It a Good Buy?

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Coconut products manufacturer and exporter Axelum Resources Corp. (AXLM) announced that its Initial Public Offering (IPO) price is PHP 5.00 per share. At this price, the valuation is 16 times (16x) prospective earnings for 2020. The offer period is currently ongoing, with the listing on the PSE scheduled on October 7.

Is PHP 5.00 a good price to buy the stock?

Stop guessing and start being informed. Find out what PinoyInvestor's partner stockbrokers have to say in these Premium-exclusive reports available only in PinoyInvestor:
  • IPO Analysis #1 (by Unicapital Securities): Is Axelum Resources (AXLM) a good buy at PHP 5.00?
  • IPO Analysis #2 (by AP Securities): Buy Axelum Resources Corp. (AXLM)?
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Disclaimer: I am not a stock market investor, not a licensed stock market advisor does not provide personal investment advice nor advocate Buy/Sell/Hold recommendations of any investments and securities. You should seek advice from qualified/licensed stock market advisors before engaging in any transaction.

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