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(From BusinessWorld (Philippines))
Byline: Reagan D. Tan
Investment analysts at Citisecurities, Inc. have placed a 'buy-1' tag on publicly listed Banco De Oro Universal Bank (BDO) for having a low nonperforming loan (NPL) ratio and a high bad loan coverage.
For the brokerage firm, the tag corresponds to the highest possible rating a stock could get.
Carl T. Sy, investment analyst for banking at Citisecurities, said BDO has "good earning potential [because it has a] very good and very clean balance sheet," referring to the bank's first-quarter NPL ratio of 4.4% compared with the industry's average of 8.7%. …