Stock market debutante Chelsea Logistics Holdings Corp. (CLC) fell for a second consecutive day on Tuesday, retreating by 4.92 percent to close at P10.04 apiece.
“Maybe it (CLC) just lacked investors’ support. But CLC has good fundamentals, and price-earnings ratio is cheap at this level and shipping transport business I think will continue to improve as the globbal economy is improving,” IB Gimenez Securities, Inc. research head Joylin Telagen said.
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