Monthly Archives: May 2014

ECONOMIC UPDATE: 1Q14 GDP Results

1Q14 National Accounts 1Q14 GDP GROWTH RATE DROPS TO 5.7% ON WEAKER AGRI AND CONSTRUCTION Growth rate is below expectation of 6.4% and slower than 4Q13’s 6.3% and 1Q13’s 7.7%; may recover in 2H14 on increased government and private sector … Continue reading

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Market Daily for Thursday, 29 May 2014

May 29, 2014 HIGHLIGHTS: Banks’ NPL ratio in March dips to 2.16% from 2.74% last year DD to acquire foreclosed Skysuites tower from RCBC CPG breaks ground on Century Spire ROCK is raising 2014 capex to PhP10bn AC-MPI consortium only … Continue reading

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Accord Capital Highlight, May 28, 2014

“Confidence on the economy among those doing business in the country jumped from 37.8% in the 1st Quarter to 50.7% in the current three-month period, a recent BSP survey showed. Among the factors that drew optimism were expectations of a … Continue reading

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Market Daily for Wednesday, 28 May 2014

May 28, 2014 HIGHLIGHTS: March imports up 9.6% y-o-y to US$5.4bn; up 12% in 1Q14 TEL to layout 15,000 km of new fiber optic to expand data capacity PNB to beef up consumer and thrift banking unit HOUSE to develop … Continue reading

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Market Daily for Tuesday, 27 May 2014

May 27, 2014 HIGHLIGHTS: Bureau of Customs revenue growth slows in April EDC to invest in Indonesia MEG to expand Eastwood City in Libis with three new towers CEB to fly to Saudi Arabia in 3Q14 ACR to reach 1,000MW … Continue reading

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PSEi, May 26, 2014

TECHNICAL GUIDE: Based on May 23, 2014 closing levels TECH GUIDE for MAY 26, 2014_MONDAY

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Accord Capital Highlight, May 26, 2014

“Even as valuation fears, heightened, if not justified by relatively poor earnings in 1Q, invited a sell-off in equities, liquidity has been ploughed back just as soon. This can partly be explained by the lack of alternatives presented to investors … Continue reading

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PSEi, March 23, 2014

TECHNICAL GUIDE: Based on May 22, 2014 closing levels TECH GUIDE for MAY 23, 2014_FRIDAY

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Accord Capital Highlight, May 23, 2014

The minutes released last night showed that in its April 29-30 meeting, the Federal Reserve took cognizance of the traction the US has picked up and the marked improvement in the job market. In that meeting, another $10 billion was … Continue reading

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Accord Capital Highlight, May 22, 2014

“A SLUMP IN US EQUITIES, and an early drop in East Asian markets which are among the first to open the regional and global trading day set the tone for today’s activity. Political tensions and disappointing earnings combined to draw … Continue reading

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