If you look at Jollibee Foods Corporation's stocks performance for the last year, you will notice that it has been on a decline the past month. It has since stabilized last week and look to consolidate at P 99 - P 101.50 range.
JFC hit its all time high last march 19, 2012 when it reached P 120. While it is likely that this price was driven on collective relief for the global economy, the company's financial results have never really declined since then. In fact, it ended up growing its net income by 33% on second quarter. It also continued to expand its China market by way of joint venture.
I believe JFC's stocks price can easily go up at P 110 when third quarter financial results are released sometime in November. Given that the company's stock closed at P 100 last friday, that can be a 10% gain in two months! Even if this is not realized, there is a little to no chance that JFC will continue to decline as it still leads the market in food and service sector and demand good valuations. That makes it a viable stock to hold for the long term.
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Disclaimer: This article is solely the opinion of the blogger based on personal research. Any statement made is not a conclusion of absolute fact and is not intended to impose or persuade anyone's judgement.