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 9, 2017

Posted on February 9, 2017 by research

Market Summary Market shaved off another round of points, despite that Month-to-date performance is still up by 0.07%. Most local counters are in the red, with service index ending the trading day in worse shape. Local market suffered another Net … Continue reading →

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Philstocks ACTS: February 8, 2017

Posted on February 8, 2017 by research

PSEi Composite Index Since the strong surge from the start to the middle of January, the index has consolidated into a coiling pattern. Judging the price action of the Index, it seems that it is still not done building a … Continue reading →

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Economic Update: January 2017 inflation rate

Posted on February 8, 2017 by research

January inflation inches up to 2.7% Headline inflation rate of 2.7% climbs to highest level in 26 months on higher non-food items. While still within the official target range of 2-4%, sustained high prices of oil may cause the headline … Continue reading →

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Daily Notes: February 8, 2017

Posted on February 7, 2017 by research

Market Summary Market retraced almost half of its gain yesterday. Just like the yesterday, the local market followed the trend of other Asian bourses lower. Decliners outpaced advancers. Mining index recovered a little bit after days of relentless declines. Net … Continue reading →

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Daily Notes: February 7, 2017

Posted on February 7, 2017 by research

Market Summary Market surged almost 1% percent and ended the day with 67.70 points. Market followed the trend of other Asian bourses higher. Transaction in the local market must have been buoyed by local transaction since net foreign transaction reversed … Continue reading →

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Company Update: A. Soriano Corp. (ANS)

Posted on February 6, 2017 by research

Price: 6.10 Rating: Neutral Acquisition of Phelps Dodge in 2015 boosted company topline to become its largest revenue contributor; to benefit from infra and construction boom. Trading at 3.7x PE and 8.2x EV/EBITDA discounts to sector peers but continues to … Continue reading →

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Daily Notes: February 6, 2017

Posted on February 3, 2017 by research

Market Summary Market ended the day with a muted return of 0.79 points or 0.01%, while week-on-week index shed 106.97 points or about -1.46%. Number of advancers is overwhelmed by the number of decliners. Mining index is still reeling from … Continue reading →

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Daily Notes: February 3, 2017

Posted on February 2, 2017 by research

Market Summary Market performance is like a repetition of the yesterday’s strong opening and weak closing. Number of decliners overwhelmed the number advancers for the day. Among the local indices, hardest hit of the day is the Mining Index. Most … Continue reading →

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Market Daily for Thursday, 2 February 2017

Posted on February 2, 2017 by research

HIGHLIGHTS: Outstanding loans growth slows to 17.2% in December MEG to boost retail space portfolio CIC reports 17% sales and 24% income growth in 2016 Full Research_February 2, 2017  

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Daily Notes: February 2, 2017

Posted on February 1, 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 2 points. Number of advancers overwhelmed the number of … Continue reading →

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