Monthly Archives: May 2013

Accord Capital Daily, Friday, May 31, 2013

Posted on May 31, 2013 by research

The PSEI appears to have taken the GDP number aside opting to stay in step with a region that wallows in the red. The measure fell -6 points off the opening bell widening losses as the day progressed. It briefly … Continue reading →

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Market Daily for Thursday, 30 May 2013

Posted on May 30, 2013 by LawrenceAaron_DeLeon

May 30, 2013 HIGHLIGHTS: WB tells PHL to improve tax collection efforts RLC pulls out of partnership talks with Okada’s Universal Entertainment ROCK sees expansion opportunities outside NCR LRI 2012 revenues up on rising demand; to expand capacity Valuation table … Continue reading →

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Accord Capital Daily, Wednesday, May 29, 2013

Posted on May 29, 2013 by research

Philippine shares plunged 70 points off the opening bell and moved sideways past the mid-day break. Heading into the final hour, with most of its peers in the region already in the green, buyers surged to push the measure to … Continue reading →

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Market Daily for Wednesday, 29 May 2013

Posted on May 29, 2013 by LawrenceAaron_DeLeon

May 29, 2013 HIGHLIGHTS: Philippine imports in March slid 8.4% y-o-y to US$4.9bn FGEN’s San Lorenzo plant partially shut after transformer accident FOOD expects PhP1.0bn in revenues from its new salmon business ABS ties up with GLO for network sharing … Continue reading →

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Accord Capital Daily, Tuesday, May 28, 2013

Posted on May 28, 2013 by research

In his book, “The Intelligent Investor, A Book of Practical Counsel” (4th edition)1, Benjamin Graham, a proponent of value investing, outlined the common characteristics of a bull market, to wit: 1) a historically high price level; 2) high price/earnings ratios; … Continue reading →

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Market Daily for Tuesday, 28 May 2013

Posted on May 28, 2013 by LawrenceAaron_DeLeon

May 28, 2013 HIGHLIGHTS: BSP sees May inflation of between 2.2% to 3.1% PAL to invest US$10m for 49% of Cambodia Air ACR 2012 net income grows 11.6% to PhP509m on property sales BSC forms oil well company joint venture … Continue reading →

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Accord Capital Daily, Monday, May 27, 2013

Posted on May 27, 2013 by research

The PSEI joined the Dow, the S&P500, and the Nikkei 225 among other global markets in giving up parts of prior weeks’ gains to record levels. The European benchmark also slipped. In contrast, two of our larger neighbors, Malaysia and … Continue reading →

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Market Daily for Monday, 27 May 2013

Posted on May 27, 2013 by LawrenceAaron_DeLeon

May 27, 2013 HIGHLIGHTS: Overall confidence index rises to record 54.9% in 2Q13 MPI to spend PhP70bn in capex til 2018; focus on tollroads and water utility UBP to issue PhP5.0bn long-term certificates of deposit SMC keen on keeping telecom … Continue reading →

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Accord Capital Daily, Friday, May 24, 2013

Posted on May 24, 2013 by research

Philippine share prices stayed level most of the way but a flood of negative news in the afternoon pulled the measure to its lowest point of the day, 168-points deep, but a late entry of buyers narrowed losses at the … Continue reading →

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Market Daily for Thursday, 23 May 2013

Posted on May 23, 2013 by LawrenceAaron_DeLeon

May 23, 2013 HIGHLIGHTS: IMF forecast slower Philippine GDP growth of 6% for 1Q13 GREEN agrees to sell 17.6bn shares to Sunchamp Real Estate Devt PGOLD store expansion ahead of 2015 target ACR to supply 25% of Mindanao’s power by … Continue reading →

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