Monthly Archives: November 2015

Economic Update: 3Q15 National accounts

Posted on November 27, 2015 by research

3Q15 National accounts GDP grows 6.0% in 3Q, slower than anticipated, on surge by service sector and recovery of agriculture; government spending accelerates more than 4x while household buying power improves. Export remains a drag on sluggish external environment

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DAILY REPORT FOR THURSDAY, 26 NOVEMBER 2015

Posted on November 26, 2015 by research

November 26, 2015 HIGHLIGHTS: Banks’ non performing loans dip to 1.86% in August Philippine imports rise by 6.7% to US$6.2bn in September X unit launches new celebrity mobile game BDO signs understanding with FIDEA of Japan for services MWC to … Continue reading →

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COMPANY UPDATE: SSI GROUP, INC. (SSI)

Posted on November 24, 2015 by research

SSI 9M15 results 9M15 up 4% to PhP674m, sales up 17% to PhP11.8bn on store, brand expansion; 3Q15 sequential net income drops 64% to PhP115m on stiffer retail competition, JV and forex losses; rising inventories may pressure profit margins.

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Philstocks Financial, Inc. Daily Highlight, November 16, 2015

Posted on November 16, 2015 by research

OUTLOOK: INVESTORS RETURN TO AN APEC SUMMIT-SHORTENED TRADING WEEK with confidence shaken after last week’s -3.1% rout. Earnings, in general have been unimpressive while the external news front have been a basket of mixed leads. The surprise terror attack in … Continue reading →

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COMPANY UPDATE: JOLLIBEE FOODS CORP (JFC) 9M15 results

Posted on November 12, 2015 by research

JFC 9M15 results 9M15 attributable net income inline with expectations, up 7% to PhP4.0bn on higher domestic and foreign sales; income margins slightly down on system upgrade costs. To spend PhP10.4bn next year to speed up international expansion; declares PhP0.97 … Continue reading →

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Daily Report for Wednesday, 11 November 2015

Posted on November 11, 2015 by research

November 11, 2015 HIGHLIGHTS: Foreign direct investments rise 76% in August to US$526m AP welcomes Naga power plant court ruling IMI reports 9M15 net income of US$22m, 5% y-o-y SEVN 9M15 net income up 10% to PhP515m on new stores … Continue reading →

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Philstocks Financial, Inc. Daily Highlight, November 11, 2015

Posted on November 11, 2015 by research

OUTLOOK: Tuesday’s market action – across the entire Asian region – magnifies the impact that China has on the global economy. That and the impending hike in US interest rates after decades of a record low regime. Investors are now … Continue reading →

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INITIAL PUBLIC OFFERING: METRO RETAIL STORES GROUPS (MRSGI)

Posted on November 10, 2015 by research

Metro Retail Stores IPO INITIAL PUBLIC OFFERING: METRO RETAIL STORES GROUPS (MRSGI) PRICE: P3.99 per share Gaisano family owned retailer to sell 26% of shares to fund store expansion. A Visayas region retail play with growth focused on Luzon; IPO … Continue reading →

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Philstocks Financial, Inc. Daily Highlight, November 10, 2015

Posted on November 10, 2015 by research

OUTLOOK: While the US Federal Reserve is now believed just a meeting short of announcing the interest rates lift-off, it peers across the globe are looking the other way. US economic data have provided evidence sufficient to increase bets on … Continue reading →

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Philstocks Financial, Inc. Weekly Highlight, November 9 to 13, 2015

Posted on November 9, 2015 by research

OUTLOOK: Central banks across the globe are in an easing mode – either holding policy rates steady or pulling them lower or at least thinking about doing so. Thailand is the latest entry to this growing list where only the … Continue reading →

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