Author Archives: research

About research

Philstocks.ph™ is the online trading division of Accord Capital Equities Corporation (ACEC). In line with its mission to develop the latest innovations and technologies for efficient trade executions of clients, Accord Capital has created the Philstocks.ph™ in 2006 to become an effective online trading platform. In retrospect, not all brokerage houses have an online trading platform. In fact, there are only 10 PSE-recognized online trading facilities to date. This makes Philstocks.ph™ a member of an elite club of online trading participants.

Market Daily for Friday, 24 March 2017

Posted on March 24, 2017 by research

HIGHLIGHTS Monetary Board maintains overnight rates unchanged at 3% as expected BLOOM 2016 net income jumps to PhP2.3bn, reversing loss CHP unit APO Cement to build power facility in Cebu Full Research – March 24, 2017

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Daily Notes: March 24, 2017

Posted on March 24, 2017 by research

Market Summary The local index went up by 46.10 points getting back to the 7,300 level at 7,301.03. Advancers beat decliners 94 to 83 while 58 issues ended unchanged. Total volume traded was 1,067,071,746. Holding firms and Services sectors performed … Continue reading →

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Initial Public Offering: Wilcon Depot, Inc. (WLCON)

Posted on March 23, 2017 by research

Wilcon Depot Inc IPO Offer price: P5.05 Offer shares: 1,393.91 million Offer size: P7,039.25 million Rating: Subscribe Home improvement retailer offering 1.39 billion new shares and raise PhP7.04bn for network expansion and debt repayment. With 36 stores in operation, WLCON … Continue reading →

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Daily Notes: March 23, 2017

Posted on March 23, 2017 by research

Market Summary The PSEi went down by 68.38 points or 0.93% with net foreign selling of 958M. The broader All shares index decreased by 36.34 points or 0.83%. All sectors ended negative, Services sector and Holding Firms had the biggest … Continue reading →

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Daily Notes: March 22, 2017

Posted on March 22, 2017 by research

Market Summary The PSEi ended positive today at 7,323.31 up by 6.74 points or 0.09%. Advancers and decliners are even at 98 while 46 issues ended unchanged. Three counters ended positive and three counters declined, Service sector being the top … Continue reading →

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Daily Notes: March 20, 2017

Posted on March 21, 2017 by research

Market Summary Index falls another day despite the market having a strong start during market open. Market lost ground in the middle of the day and ended the day with negative 28 points. Market still managed to be down only … Continue reading →

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Market Daily for Friday, 17 March 2017

Posted on March 17, 2017 by research

HIGHLIGHTS: Foreign portfolio investments reversed to a net outflow of US$409m in February RWM 2016 net income down 15% to PhP3.4bn on weak gaming revenues Full Research - March 17, 2017  

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Economic Update: 2016 Foreign direct investments (FDI)

Posted on March 14, 2017 by research

FDI up 41% from US$5.63bn in 2015 on improved economic fundamentals and outlook. However, Philippine FDI accounted for single digit of ASEAN FDI pie last year. Increasing uncertainties from the US coupled with domestic concerns may dampen investment growth moving … Continue reading →

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Company Update: Aboitiz Equity Ventures, Inc. (AEV) 2016 results

Posted on March 10, 2017 by research

Price: PhP73.10 Rating: Neutral 2016 net income up 27% to PhP17.7bn on power, banking, infra contributions but food and property segments disappoint. Power outlook is modest due to new projects with infra segment adding potential long-term growth driver. Risks include … Continue reading →

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Economic Update: February inflation rate jumps to 3.3%

Posted on March 8, 2017 by research

Headline inflation rate is highest in 27 months due to faster food, utility and fuel prices; core inflation up to 2.7% from 2.5%. Combination of higher electricity, oil prices and weaker peso plus to possibility of US rate hikes conspire … Continue reading →

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