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.

COMPANY UPDATE: SSI GROUP, INC. (SSI)

Posted on November 24, 2015 by research

SSI 9M15 results 9M15 up 4% to PhP674m, sales up 17% to PhP11.8bn on store, brand expansion; 3Q15 sequential net income drops 64% to PhP115m on stiffer retail competition, JV and forex losses; rising inventories may pressure profit margins.

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Philstocks Financial, Inc. Daily Highlight, November 16, 2015

Posted on November 16, 2015 by research

OUTLOOK: INVESTORS RETURN TO AN APEC SUMMIT-SHORTENED TRADING WEEK with confidence shaken after last week’s -3.1% rout. Earnings, in general have been unimpressive while the external news front have been a basket of mixed leads. The surprise terror attack in … Continue reading →

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COMPANY UPDATE: JOLLIBEE FOODS CORP (JFC) 9M15 results

Posted on November 12, 2015 by research

JFC 9M15 results 9M15 attributable net income inline with expectations, up 7% to PhP4.0bn on higher domestic and foreign sales; income margins slightly down on system upgrade costs. To spend PhP10.4bn next year to speed up international expansion; declares PhP0.97 … Continue reading →

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Daily Report for Wednesday, 11 November 2015

Posted on November 11, 2015 by research

November 11, 2015 HIGHLIGHTS: Foreign direct investments rise 76% in August to US$526m AP welcomes Naga power plant court ruling IMI reports 9M15 net income of US$22m, 5% y-o-y SEVN 9M15 net income up 10% to PhP515m on new stores … Continue reading →

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Philstocks Financial, Inc. Daily Highlight, November 11, 2015

Posted on November 11, 2015 by research

OUTLOOK: Tuesday’s market action – across the entire Asian region – magnifies the impact that China has on the global economy. That and the impending hike in US interest rates after decades of a record low regime. Investors are now … Continue reading →

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INITIAL PUBLIC OFFERING: METRO RETAIL STORES GROUPS (MRSGI)

Posted on November 10, 2015 by research

Metro Retail Stores IPO INITIAL PUBLIC OFFERING: METRO RETAIL STORES GROUPS (MRSGI) PRICE: P3.99 per share Gaisano family owned retailer to sell 26% of shares to fund store expansion. A Visayas region retail play with growth focused on Luzon; IPO … Continue reading →

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

Posted on November 10, 2015 by research

OUTLOOK: While the US Federal Reserve is now believed just a meeting short of announcing the interest rates lift-off, it peers across the globe are looking the other way. US economic data have provided evidence sufficient to increase bets on … Continue reading →

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Philstocks Financial, Inc. Weekly Highlight, November 9 to 13, 2015

Posted on November 9, 2015 by research

OUTLOOK: Central banks across the globe are in an easing mode – either holding policy rates steady or pulling them lower or at least thinking about doing so. Thailand is the latest entry to this growing list where only the … Continue reading →

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Philstocks Financial, Inc. Daily Highlight, November 6, 2015

Posted on November 6, 2015 by research

OUTLOOK: Yellen spoke, the market listened. By December, we will know if the markets heard Yellen right. Over, above and after discounting 3Q earnings, the “lift-off” continues to preoccupy the minds of investors. Every comment and statement of any member … Continue reading →

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Philstocks Financial, Inc. Daily Highlight, November 5, 2015

Posted on November 5, 2015 by research

OUTLOOK: AS MORE AND MORE EARNINGS REPORTS go online, attention veers away from external headwinds, which by the way, have somewhat dissipated. Following the US Fed’s decision to delay lift-off at its late-October meeting, the RBA (Australia) and the BOJ … Continue reading →

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