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.

Philstocks Financial, Inc. Daily Notes, March 10, 2016

Posted on March 10, 2016 by research

MARKET SUMMARY The index gained 32.67 points or 0.47% for the day, almost no change from its level at recess. The property sector led the gains for the day improving 42.34 points or 1.50%, followed by the Financial sector gaining … Continue reading →

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Philstocks Financial, Inc. Daily Notes, March 9, 2016

Posted on March 9, 2016 by research

MARKET SUMMARY The local index now at the 6900 level and is set to test the 7000 level in the coming days. Negative externalities are now diminishing but investors still remain cautious and still remain on the sideline. The PSEi … Continue reading →

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COMPANY UPDATE: INTERNATIONAL CONTAINER TERMINAL SERVICES (ICT)

Posted on March 9, 2016 by research

ICT 2015 Results 2015 net down 68%, on one-time charges, flat revenue growth dipping throughput volume; recurring net up 1%. Facing 2016 headwinds.

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Philstocks Financial, Inc. Daily Notes, March 8, 2016

Posted on March 8, 2016 by research

MARKET SUMMARY: The local barometer, PSEi, ends the day almost flat declining by only 6.38 points or -0.09%. Almost all sectors ended in positive territory, with the exception of Services and Holding Firms shaving off 35.01 points and 19.72 points … Continue reading →

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DAILY REPORT FOR TUESDAY, 8 MARCH 2016

Posted on March 8, 2016 by research

March 8, 2016 HIGHLIGHTS: February inflation dips to 0.9% on lower fuel, steady food prices GIR rises to US$81.3bn in February due to higher gold prices MEG group to spend PhP55bn for capex in 2016 to boost rental income projects … Continue reading →

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Philstocks Financial, Inc. Monthly Update, February 2016

Posted on March 3, 2016 by research

Monthly Market Wrap: The local barometer closed the month of February at 6671.04, -4.04% YTD. The Mining and Oil sector and Industrial sector are now at positive territory for YTD returns at 1.37% and 0.71% respectively.The services sector shed off … Continue reading →

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COMPANY UPDATE: PHILIPPINE LONG DISTANCE TELEPHONE (TEL)

Posted on March 2, 2016 by research

TEL 2015 results COMPANY UPDATE: PHILIPPINE LONG DISTANCE TELEPHONE (TEL) 2015 net income down 35% to PhP22bn as 4Q15 loss pulls down earnings; guidance of 20% income drop to make things tough before it gets better.

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COMPANY UPDATE: MELCO CROWN PHILIPPINES RESORTS (MCP)

Posted on February 29, 2016 by research

MCP 4Q15 results COMPANY UPDATE: MELCO CROWN PHILIPPINES RESORTS (MCP) PRICE: PHP2.05 4Q15 gaming and non-gaming revenues up significantly on full operation of CoDM; EBITDA at US$15.5m; 4Q EV/EBITDA of 10.5x now closer to domestic peers and also discount to … Continue reading →

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DAILY REPORT FOR TUESDAY 23 FEBRUARY 2016

Posted on February 23, 2016 by research

February 23, 2016 HIGHLIGHTS: Personal remittances grow 4.9% in December to US$2.72bn SMPH posts 2015 recurring net income of PhP20.9bn, up 14% ALI to pull out investments from China  

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COMPANY UPDATE: AYALA LAND, INC. (ALI)

Posted on February 22, 2016 by research

ALI 2015 Results COMPANY UPDATE: AYALA LAND, INC. (ALI) PRICE: PhP31.35 2015 net income up 19% to PhP14.8bn on solid property sales and leasing business; share of recurring income rises, premium valuation below five-year average.

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