Monthly Archives: May 2015

Economic Update: 2015 1Q National Accounts

Posted on May 29, 2015 by research

1Q15 GDP DROPS TO 5.2% FROM 6.6% Economy slows significantly on creeping government spending and sluggish exports; household spending could offer a bright spot but hitting the full-year target of 7-8% is now a big challenge For the full text, … Continue reading →

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Energy Sector Pick: Energy Development Corp (EDC)

Posted on May 28, 2015 by research

A long-term pick due to the company’s position as a leading producer of renewable power. For the full content, click here: May 28, 2015

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Market Daily for Tuesday, 26 May 2015

Posted on May 26, 2015 by research

May 26, 2015 HIGHLIGHTS: The BSP sees improved balance of payments for 2015 AEV gets top credit ratings for its upcoming PhP25bn bond sale ACR partner may increase stake in Zamboanga power plant SMC and MPI clear first stage in … Continue reading →

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Accord Capital Daily Highlight, May 26, 2015

Posted on May 26, 2015 by research

OUTLOOK FOR TUESDAY Monday’s retreat on light volume weakens the “break” below the top-end of the 7730-7770 support range. While investors may have continued to discount poor earnings of some listed counters, the over-all sentiment was impelled mainly by the … Continue reading →

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Accord Capital Weekly Highlight, May 25 to 29, 2015

Posted on May 25, 2015 by research

OUTLOOK FOR WEEK 21 The market’s inability to hold gains but at the same time an equal capacity to keep losses relatively minimal (at least holding at key support levels) leave investors very little to hang on to going into … Continue reading →

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Market Daily for Thursday, 21 May 2015

Posted on May 21, 2015 by research

May 21, 2015 HIGHLIGHTS: EMP reports 1Q15 net income of PhP1.4bn, down 18% y-o-y AGI 1Q15 attributable net income of PhP3.5bn up 4%, below estimates  

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Accord Capital Daily Highlight, May 21, 2015

Posted on May 21, 2015 by research

OUTLOOK FOR THURSDAY There isn’t much the market is looking at in the next few days as the earnings reporting cycle unwinds. However, the 1st Quarter results has so far been between decent and stellar – at least most were … Continue reading →

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Market Daily for Wednesday, 20 May 2015

Posted on May 20, 2015 by research

May 20, 2015 HIGHLIGHTS: NEDA and President Aquino approved PhP63.6bn worth of new infra projects MER receives rating upgrade from Standard & Poor’s MPI to bid for the PhP55.5bn CALAX project ICT consolidates African port operations APX 1Q15 swings to … Continue reading →

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Accord Capital Daily Highlight, May 20, 2015

Posted on May 20, 2015 by research

OUTLOOK FOR WEDNESDAY: Our “worries” that investors will be left hostage to external headwinds as the earnings season winds up showed at mid-week trades. Coupled with the weak supporting value turnover as the index rose to a sixth day Tuesday, … Continue reading →

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Accord Capital Weekly Highlight, May 18 to 22, 2015

Posted on May 18, 2015 by research

OUTLOOK FOR WEEK 20 Economic Data: May 21, 2015 Thursday = NPL of U/KB’s for January-February, BSP We are now getting closer and closer to an all-important economic data release – GDP. The results are usually reported out toward the … Continue reading →

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