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: February 17, 2017

Posted on February 16, 2017 by research

Market Summary Local market surged more than a hundred points, which is quite a strong reversal after bleeding heavily for two straight days. All local counters ended in the green. Advancing issues outnumbered declining issues. After 8 straight days of … Continue reading →

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Company Update: Ayala Land, Inc. (ALI) 2016 results

Posted on February 16, 2017 by research

Price: 35.80 Rating: HOLD 2016 net income up 19% to PhP20.9bn  on revenues of PhP124.6bn, 16% higher from 2015; Property dev’t up 16%, leasing up 8% but still account for 31% of net income, little changed in four years. 2017 … Continue reading →

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Daily Notes: February 16, 2017

Posted on February 15, 2017 by research

Market Summary PSEi, the main barometer of the local market, extended it losses for another day. All other sub-indices were also in the red except the service index, which is left unscathed for the day. Declining issues still overwhelming advancing … Continue reading →

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Philstocks ACTS: February 15, 2017

Posted on February 15, 2017 by research

Philippine Mining and Oil Index Potential pattern formation of a bearish Head and Shoulder (incomplete since it lacks the right shoulder) looms as it threatens to reverse the almost 27% percent gain of the Philippine Mining and Oil Index since … Continue reading →

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Daily Notes: February 15, 2017

Posted on February 14, 2017 by research

Market Summary Local market painted itself red for Valentine’s Day, with all local counters in the red. Declining issues overshadowed advancing issues with ratio of one is to one. Market still suffered Net Foreign Selling amounting to Php 590 Million. … Continue reading →

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Company Update: Cemex Holdings Phils., Inc. (CHP)

Posted on February 14, 2017 by research

Price: P9.90 Rating: Long-term buy 2016 net income PhP1.9bn down from 2015 on sales of PhP25.4bn, up 2%; Low infra activity and poor weather negatively impacted sales volume in 2H16 while US$ debt exposure ate into earnings; Recent selloff brought … Continue reading →

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Daily Notes: February 14, 2017

Posted on February 14, 2017 by research

Market Summary Local market followed its Asian regional peers higher, ending the day almost a percent better than last week. Despite the rosy advance, market breadth remained weak as declining issues outpaced advancing issues. Net Foreign Transaction still registering a … Continue reading →

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Daily Notes: February 13, 2017

Posted on February 13, 2017 by research

Market Summary Market faltered again and virtually almost wiped out the previous day’s advance as market continues it consolidation in a narrow range. Holding firm and Mining firm Indices were the weak performers of the day, while the Industrial Index … Continue reading →

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Market Daily for Friday, 10 February 2017

Posted on February 10, 2017 by research

HIGHLIGHTS: Monetary Board maintains key interest rates at meeting yesterday MAXS to drive Yellow Cab into Vietnam AC hikes investment into healthcare Full Research_February 10, 2017    

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Daily Notes: February 10, 2017

Posted on February 9, 2017 by research

Market Summary Market regained some strength as it recovers lost ground it made in the middle of the morning session. Only two local counters are in the red, while the strongest counters of the day were the mining and service … Continue reading →

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