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: International Container Terminal Services (ICT) 9M15 results

Posted on November 4, 2015 by research

ICT 9M15 Results 9M15 net income up 1% to US$143.7m on slowing volume and revenue growth, currency depreciation; capex slashed due to sluggish global prospects, putting pressure on earnings growth.

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DAILY REPORT FOR TUESDAY, 3 November 2015

Posted on November 3, 2015 by research

November 3, 2015 HIGHLIGHTS: Growth of outstanding loans from commercial banks slows in September Consumer loans up slightly as of end-June quarter Money supply growth decelerates in September SMPH reports a 9M15 net income of PhP22.9bn, up 70% y-o-y MEG … Continue reading →

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Philstocks Financial, Inc. Daily Highlight, November 3, 2015

Posted on November 3, 2015 by research

OUTLOOK: The market began the penultimate month of the 2015 trading calendar with latent optimism. It is a lingering belief that prices still has legs to push higher, albeit waiting for stronger catalysts for a positive backdrop. As presented in … Continue reading →

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Philstocks Financial, Inc. Weekly Highlight, November 2 to 6, 2015

Posted on November 2, 2015 by research

OUTLOOK: CHASING GAINS AT THE TOP OF THE MARKET was like “sucking blood from the tip of the knife,” – Jiao Ji, Chairman, Sunrise Investment (China) is quoted by a www.bloomberg.com report. Four of Sunrise’s funds made the Top 10 … Continue reading →

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COMPANY UPDATE: Philex Mining Corp (PX)

Posted on October 30, 2015 by research

PX 9M15 Results Core net income down 10% y-o-y to PhP811m on soft average metal and energy prices; Padcal mine gets two year life extension to 2022 on discovery of added reserves

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Philstocks Financial, Inc. Daily Highlight, October 29, 2015

Posted on October 29, 2015 by research

OUTLOOK: THE PSEI has posted a rebound of as much as 11.73% (intra-day levels) since the post-Yuan devaluation “bottom” at 6,603.19 (August 25th). [The maximum rebound measures 7.87% using closing levels.) More importantly, it has closed the gap induced by … Continue reading →

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DAILY REPORT FOR WEDNESDAY, 28 OCTOBER 2015

Posted on October 28, 2015 by research

October 28, 2015 HIGHLIGHTS: RLC is planning to expand operations to Chengdu, China GERI says Alabang West land prices up by 19% this year due to demand PCOR reports 9M15 net income of PhP5.1bn, up 58% y-o-y SECB 9M15 net … Continue reading →

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Philstocks Financial, Inc. Daily Highlight, October 28, 2015

Posted on October 28, 2015 by research

OUTLOOK: The penultimate meeting of the US Federal Reserve for the year begins tonight (PST) with a post-meeting statement to be issued on Wednesday. This particular meeting however is not seen to induce too much volatility as those that marked … Continue reading →

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Philstocks Financial, Inc. Daily Highlight, October 27, 2015

Posted on October 27, 2015 by research

OUTLOOK: Central Banks come into focus as the trading week deepens, joining corporate earnings and economic data on investors’ drawing boards. Inducing growth lies at the core of the developed world’s economic agenda — that and fighting off deflation. The … Continue reading →

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DAILY REPORT FOR MONDAY, 26 OCTOBER 2015

Posted on October 26, 2015 by research

October 26, 2015 HIGHLIGHTS: Mindanao region to get significant portion of infra projects SMPH opens 55th mall in Caloocan City RLC to open new malls in the provinces next year CPG tapping foreign hotel operators ALI to expand Seda brand … Continue reading →

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