Monthly Archives: October 2014

Accord Capital Highlight, October 31, 2014

Posted on October 31, 2014 by research

Month-end window dressing, gains in European and US stocks, and falling commodity prices battle with prospects of monetary tightening, inflation concerns, geopolitics, valuations and technical considerations comprise the menu of influences investors may choose from as the week– and month-ending … Continue reading →

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Market Daily for Friday, 31 October 2014

Posted on October 31, 2014 by research

October 31, 2014 HIGHLIGHTS: TEL questions GLO acquisition of Bayantel radio frequency allocation PHA to sell gaming business, go into tourism BPI opens office in Tokyo, Japan BLOOM mulling foreign expansion HLCM 3Q14 net income up 4% to PhP722m on … Continue reading →

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Market Daily for Thursday, 30 October 2014

Posted on October 30, 2014 by research

October 30, 2014 HIGHLIGHTS: National Government 9M14 budget deficit of PhP31.1bn is well within limits PX 9M14 core net income down 39% to PhP901m on poor 3Q EMP 3Q14 net income up 15% to PhP1.5bn; to begin exports 1Q15 PXP … Continue reading →

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Market Daily for Wednesday, 29 October 2014

Posted on October 29, 2014 by research

October 29, 2014 HIGHLIGHTS: Consumer loans rise 18% to PhP803bn in 2Q14 AC and AEV’s infra consortium gets support from business community HLCM to buy LRI’s cement and terminal assets MEG and GERI to invest PhP10bn for Alabang project EMP … Continue reading →

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Accord Capital Highlight, October 29, 2014

Posted on October 29, 2014 by research

Investors are still obviously looking for fresher leads mainly from domestic earnings plus overseas developments. The market will continue to move in a sideways with a slight downward bias until the numbers come out. This allows market participants to continue … Continue reading →

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Accord Capital Highlight, October 28, 2014

Posted on October 28, 2014 by research

CORPORATE DISCLOSURES: 1.Integrated Micro-Electronics Inc. [pse: IMI] 2015 Capex 2. Century Properties Group, Inc. [pse: CPG] Investment in Pacific Star Building 3. BDO Unibank, Inc. [pse: BDO] 3Q14 Net Income up 41% 4. Alsons Consolidated Resources, Inc. [pse: ACR] US$73.5 … Continue reading →

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Debt position of PSEi member stocks

Posted on October 28, 2014 by research

Debt position of PSEi member stocks: We look at the debt position and the level of foreign currency debt of the member stocks in the PSEi index; their ability to payoff these amounts, and the relation of the PSEi to … Continue reading →

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PSEi, October 27, 2014

Posted on October 27, 2014 by research

TECHNICAL GUIDE: Based on October 24, 2014 closing levels OCTOBER 27, 2014_TG_Monday

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Accord Capital Highlight, October 27, 2014

Posted on October 27, 2014 by research

Thus far, all sell-offs have proven to be perfect (or close to perfect) opportunities for even short– to medium-term profits. In fact, on a week-on-week basis, each time the index falls an aggregate of at least 1.5% (average: 2.3%), the … Continue reading →

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Accord Capital Highlight, October 24, 2014

Posted on October 24, 2014 by research

OUTLOOK: Despite the generally negative volatility of the previous weeks, interrupted by a semblance of bar-gain-hunting ahead of the earnings season, the market remains on an upward bias, albeit at a seeming-ly lower trajectory. We see the market as attempting … Continue reading →

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