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.

Daily Notes: March 6, 2017

Posted on March 6, 2017 by research

Market Summary Local market extended its rally for another day when it closed higher near the last minute of the trading session. For most part of the day the local market followed the dismal performance of its neighboring Asian bourses, … Continue reading →

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Company Update: Philab Holdings Corp. (DNA) Follow on offering

Posted on March 3, 2017 by research

Offer price: PhP3.25 to 6.25 per share Offer shares: 500 million Offer date: April 2017 Formerly Alterra Capital Partners, DNA prepares for follow-on offering set this April. With an offer price of between PhP3.25 to 6.75, it will raise up … Continue reading →

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Daily Notes: March 3, 2017

Posted on March 3, 2017 by research

Market Summary After succumbing to losses for 4 straight days, the local market rallied in unison with the US market and major indices. Today’s rally could be potentially a technical rally unless it continues to rally beyond the current consolidation. … Continue reading →

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Market Daily for Thursday, 2 March 2017

Posted on March 2, 2017 by research

HIGHLIGHTS: Outstanding loans growth accelerates to 17.9% in January Money supply (M3) expands by 12.4% in January MPI 2016 core net income up 17% to PhP12.1bn Full Research_March 2, 2017  

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Daily Notes: March 2, 2017

Posted on March 2, 2017 by research

Market Summary Local market’s main barometer eased further as it reacts to Trump’s joint congressional speech. With the exception of the Philippines, most of the Asian market bourses responded positively to Trump’s speech. The number of declining issues still dominates … Continue reading →

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Market Daily for Monday, 1 March 2017

Posted on March 1, 2017 by research

HIGHLIGHTS: DNL 2016 net income up 15% to PhP2.6bn MER core net income gains 4% to PhP19.6bn PXP 2016 net loss narrows by two-thirds to PhP22.4m on lower costs ICT to give up port operations in US Market Daily – … Continue reading →

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Philstocks ACTS: March 1, 2017

Posted on March 1, 2017 by research

PSEi Composite Index Technical view from last Wednesday has not change much as the main index remains to linger on as a consolidation; RSI provides the same bearish view while MACD still fails sing in tandem with RSI to give … Continue reading →

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Daily Notes: March 1, 2017

Posted on February 28, 2017 by research

Market Summary Market settled 0.28% lower for today, but it has recovered earlier steep losses that reached 80.02 or almost 1.11%. Regional Asian markets have mix closes for the day. Market Breadth remains weak with almost 2 decliners for every … Continue reading →

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Daily Notes: February 28, 2017

Posted on February 27, 2017 by research

Market Summary Market had another weak finish today, extending loses since Thursday last week. Most Asian regional bourses also had weak closing prices in anticipation of potential market moving events such as Trump’s State of the Union address, FED chairwoman’s … Continue reading →

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Market Daily for Monday, 27 February 2017

Posted on February 27, 2017 by research

HIGHLIGHTS: Approved foreign investments in 4Q16 down 9% to PhP125.7bn BDO 2016 net income up 4% to PhP26.1bn on interest and fee income PSB net income increase 4% to PhP2.4bn Full Research_February 27, 2017  

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