Elevator Pitch
I maintain my Bullish rating on Philippines-listed modern grocery retailer Puregold Price Club, Inc. (PGCMF, PRGLY, PGOLD:PM), or PGOLD.
This is an update of my prior article on PGOLD published on November 26, 2019. PGOLD share price has increased by +18% since my last update, from PHP40.00 as of November 25, 2019 to PHP47.25 as of June 8, 2020. The company trades at 17.4 times consensus forward next twelve months' P/E, which represents a slight discount to its historical three-year and five-year mean consensus forward next twelve months' P/E multiples