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, 28 October 2016

Posted on October 28, 2016 by research

HIGHLIGHTS: Philippines to get agriculture and automotive investments from Japan PX 9M16 core net income up 64% to PhP811m on lower costs PXP 9M16 net loss narrows to PhP26.3m on cost cutting PCOR lists PhP20.0bn long-term retail bonds Full research_October … Continue reading →

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Daily Notes: October 27, 2016

Posted on October 27, 2016 by research

Market Summary The PSEi fell 85.81 points or 1.13% with net foreign selling of 613M. The broader All shares index decreased by 49.20 points or 1.10%.All sectors ended negative, Services sector and Financials sector had the biggest decline of the … Continue reading →

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Market Daily for Thursday, 27 October 2016

Posted on October 27, 2016 by research

HIGHLIGHTS: PPC 9M16 net income up 57% to PhP712m on LPG sales, trading at 8.5x PER AP settles PhP158m tax dispute with Benguet provincial govt AEV 9M16 net income up 44% to PhP17bn on higher contribution from power, banking and … Continue reading →

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Philstocks ACTS: October 26, 2016

Posted on October 26, 2016 by research

PSEi Composite Index After the technical rally of the main composite, the index hit a snag with its 50 Simple Moving Average – acting as its resistance. A retest of the 200 Simple Moving Average is highly likely to confirm … Continue reading →

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Daily Notes: October 26, 2016

Posted on October 26, 2016 by research

Market Summary The PSEi went down a little by 29.09 points or 0.38% with net foreign selling of 324M. The broader All shares index decreased by 7.86 points or 0.17%. All sectors ended negative except for Mining and Oil sector … Continue reading →

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Daily Notes: October 25, 2016

Posted on October 25, 2016 by research

Market Summary The PSEi went down by 40.91 points or 0.53% with net foreign selling of 108M. The broader All shares index decreased by 19.16 points or 0.42%. All sectors ended negative except for Property sector and Industrial sector with … Continue reading →

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Company Update: Manila Electric Co. (MER) 9-month results

Posted on October 25, 2016 by research

9M19 core net income down 5.2% y-o-y to PhP15.0bn on revenues of PhP189.1bn, down 1.2% y-o-y, due to lower electricity rates. Energy sales up 9% y-o-y. Power generation efforts on track and will contribute significantly from 2019; MER still facing … Continue reading →

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Technical Guide, October 24, 2016

Posted on October 24, 2016 by research

Be equipped with the right knowledge and become an informed and effective trader! We are glad to share this technical guide report exclusive only to our dear clients. This is part of our advocacy of providing continuing education to help … Continue reading →

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Daily Notes: October 24, 2016

Posted on October 24, 2016 by research

MARKET SUMMARY The PSEi went down by 63.10 points or 0.82% with net foreign buying of 236M. The broader All shares index decreased by 18.79 points or 0.41%. All sectors ended negative, Property sector and Financials sector had the biggest … Continue reading →

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Market Daily for Monday, 24 October 2016

Posted on October 24, 2016 by research

HIGHLIGHTS: PHL to get up to US$24bn of loans and investments from China DD’s Hotel of Asia unit to accelerate JinJiang Inn expansion FNI and Baiyin Nonferrous Group to put up stainless plant ALT approves 100% purchase of Philab; ready … Continue reading →

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