Monthly Archives: January 2015

Economic Update: 4Q14 National Accounts

Posted on January 30, 2015 by research

4Q14 National Accounts 4Q14 GDP JUMPS TO 6.9% FROM 5.3% ON GOV’T AND AGRI RECOVERY; FY14 AT 6.1% Gov’t lives up to promise providing 4Q growth but investments contract 4.9%; private construction, exports encouraging

Comments Off

Accord Capital Highlight, January 30, 2015

Posted on January 30, 2015 by research

Outlook: What initially looked like a bullish event is now slowly showing an ugly side. Global oil prices has been halved — and more — falling to below $45 per barrel (WTI crude) yesterday. In our environs, this is definitely seen … Continue reading →

Comments Off

Transport Sector Pick: Cebu Air, Inc. (CEB)

Posted on January 29, 2015 by research

Transport Sector Pick January 2015 – CEB CEB share price has almost doubled in the last 12 months but it may still hold potential upside due to positive factors and discounted value relative to regional low cost carriers. BUY ON … Continue reading →

Comments Off

Accord Capital Highlight, January 29, 2015

Posted on January 29, 2015 by research

Outlook: As we approach the final sessions for the month of January, the market has given investors a lot to hope for this year. Early PSEI year-end projections are pegged at just 150-points away (7800.) This early, the market has posted … Continue reading →

Comments Off

Accord Capital Highlight, January 28, 2015

Posted on January 28, 2015 by research

The local market rose to a new record — it’s fifth in the first 15 trading sessions of the year. US and European markets edged higher overnight, practically shrugging off the anti-austerity party’s victory in Greek polls Sunday. Markets in … Continue reading →

Comments Off

Market Daily for Tuesday, 27 January 2015

Posted on January 27, 2015 by research

January 27, 2015 HIGHLIGHTS: SLI bullish on its contractor unit, property sector growth SEVN store network reaches 1,282 in 2014, up 27% UBP 2014 net income down 6.7% to PhP8.4bn on lower trading gains PBB reveals buying interest by foreign … Continue reading →

Comments Off

Accord Capital Highlight, January 27, 2015

Posted on January 27, 2015 by research

Outlook: In some respects, this feels like 2012 all over again. In that year, the market set and re-set all -time record levels over 30 times. It drew on and challenged investors’ patience. During those times, market participants were still bullish … Continue reading →

Comments Off

Accord Capital Highlight, January 26, 2015

Posted on January 26, 2015 by research

As of January 23, 2015_Friday: The market’s strong move Friday pulled the FULL portfolio return to less than 1.0x the PSEI for a third straight day. However the selection composed of the highlighted counters continues to outperform the main gauge, … Continue reading →

Comments Off

PSEi, January 26, 2015

Posted on January 26, 2015 by research

TECHNICAL GUIDE: Based on January 23, 2015 closing levels JANUARY 26, 2014_MON_TECH GUIDE 1

Comments Off

Market Daily for Friday, 23 January 2015

Posted on January 23, 2015 by research

January 23, 2015 HIGHLIGHTS: Foreign portfolio investments slide to net outflow in 2014 MBT to raise PhP32bn through stock rights offer JGS raises PhP8.8bn from top-up placement at 12% discount to market MAXS absorbs management unit TEL sees tough competition … Continue reading →

Comments Off