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 Highlight, January 6, 2016

Posted on January 6, 2016 by research

OUTLOOK: In an “inspiring” note that could provide some positive tone to trades for the balance of the week, investors appear to have judged Monday’s slide – its worst (points-wise) opening day fall since the PSE merged – as an … Continue reading →

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DAILY REPORT FOR TUESDAY, 5 January 2016

Posted on January 5, 2016 by research

January 5, 2016 HIGHLIGHTS: IMF boss sees disappointing economic growth for 2016 MAC to sell part of stake in airline catering unit MACS EEI gets construction safety recognition at Saudi project ALI expands Seda hotel brand in Iloilo City  

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Philstocks Financial, Inc. Daily Highlight, January 5, 2016

Posted on January 5, 2016 by research

OUTLOOK: IT’S A RATHER BUSY DAY for data outside of the US – Japan’s monetary base will be reported nearly two hours before our market opens. The rest will come from Europe – Unemployment in Germany and Spain, Preliminary CPI … Continue reading →

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Official 2015 Yearender and 2016 Outlook

Posted on January 4, 2016 by research

MARKET PERFORMANCE and OUTLOOK: Enough have been said about the market’s 2015 performance. In our Annual Review Report, we intimated that the year could easily be summed up in either or both of two phrases – “unmet expectations” and “huge … Continue reading →

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Philstocks Financial, Inc. Daily Highlight, December 22, 2015

Posted on December 22, 2015 by research

OUTLOOK THE COUNTDOWN HAS STARTED –only four (4) trading sessions are in the balance for 2015. After the US Fed and a handful of data from some major economies, the only question left is whether “Santa Claus is Coming To … Continue reading →

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DAILY REPORT FOR MONDAY, 14 December 2015

Posted on December 14, 2015 by research

December 14, 2015 HIGHLIGHTS: Philippine consumer confidence index in 4Q15 improves to -8.1% SLI prices its PhP5.0bn bonds FNI decides to shelve follow-on offer due to poor market conditions PSE sees up to PhP200m worth of listings in 2016  

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Philstocks Financial, Inc. Daily Highlight, December 10, 2015

Posted on December 10, 2015 by research

OUTLOOK: The mid-week session highlighted the market’s ―troubles.‖—there just isn’t enough to backstop the bulls. Looking over the horizon, there is little to expect except the ―Santa Claus rally‖ narrative and, if anything surfaces in the balance of the year, … Continue reading →

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COMPANY UPDATE: EMPERADOR, INC. (EMP)

Posted on December 2, 2015 by research

EMP Fundador deal Agrees to buy Spanish brandy and sherry business from Beam Suntory, Inc. for EUR275m in an all-cash deal; will acquire several brands to strengthen position in global spirits industry. Trading at 21x PER, a discount to peers.

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Economic Update: 3Q15 National accounts

Posted on November 27, 2015 by research

3Q15 National accounts GDP grows 6.0% in 3Q, slower than anticipated, on surge by service sector and recovery of agriculture; government spending accelerates more than 4x while household buying power improves. Export remains a drag on sluggish external environment

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DAILY REPORT FOR THURSDAY, 26 NOVEMBER 2015

Posted on November 26, 2015 by research

November 26, 2015 HIGHLIGHTS: Banks’ non performing loans dip to 1.86% in August Philippine imports rise by 6.7% to US$6.2bn in September X unit launches new celebrity mobile game BDO signs understanding with FIDEA of Japan for services MWC to … Continue reading →

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