CHINABANK (CHIB) became an attractive buy for smallCOST since the company's Board of Directors declared a 10% stock dividend on top of the 12 pesos per share cash dividend at its 5th of May 2010 meeting.
To take advantage of the opportunity, smallCOST increased his stock trading equity by 5,000 pesos and bought 10 shares of CHIB at 437.50 pesos per share for a total cost of 4,398 pesos this week. Record and payment dates are to be announced.
Outlook for Week 23: smallCOST is looking for buy positions next week. If Ayala Land Inc. (ALI) falls below 13 pesos per share, we will buy more of this stock.
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