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.

Accord Capital Daily Highlight, September 4, 2015

Posted on September 4, 2015 by research

OUTLOOK: SLOWER ECONOMIC GROWTH this year is inevitable and real. With the first semester growth at 5.3%, hitting even the lower end of the 7.0% to 8.0% target will require an improbable pace in the next two quarters. Note that … Continue reading →

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Accord Capital Daily Highlight, September 3, 2015

Posted on September 3, 2015 by research

OUTLOOK: Conventional bull market logic suggests one should buy in on substantial declines. There are caveats to this proposition, however. Among other things that need to be asked and answered include: what is the cause of the decline? Did this … Continue reading →

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Market Daily for Wednesday, 2 September 2015

Posted on September 2, 2015 by research

September 2, 2015 HIGHLIGHTS: Loan growth of banks slows to 13.5% in July; consumer loans quality improves in 1Q Domestic liquidity decelerates to 8.5% in July from 9.3% in June RRHI to buy 90% of Savers Electronic World, a chain … Continue reading →

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Accord Capital Daily Highlight, September 2, 2015

Posted on September 2, 2015 by research

OUTLOOK: AS THE PHILIPPINE MARKET stayed shut for National Heroes’ Day and the media tuned in on the Iglesia Ni Cristo “peaceful assembly” at a major intersection, its Asian peers posted huge losses even as the narrower Southeast region defied … Continue reading →

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Accord Capital Daily Highlight, August 28, 2015

Posted on August 28, 2015 by research

OUTLOOK: Following a sea of red last Monday that threatened to pull the market into bearish territory, the welcome whiff of a positive news cycle breezed providing a clearing on the horizon. Philippine GDP came in line with most forecast … Continue reading →

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PHILIPPINES AND CHINA Presentation slides

Posted on August 27, 2015 by research

PHILIPPINES AND CHINA The Philippines have limited trade exposure to China with only 11% of total exports going to the regional economic giant. But the Yuan’s recent devaluation has rattled ASEAN currencies, including the Peso. Meanwhile, a strong US dollar … Continue reading →

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Accord Capital Daily Highlight, August 26, 2015

Posted on August 26, 2015 by research

OUTLOOK: Things have become more interesting – and more difficult to grasp. The China narrative changed a bit with the PBOC’s infusion, a similar track it took in early-June. The same question begs – how sustainable is this? Recent experience … Continue reading →

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Market Daily for Tuesday, 25 August 2015

Posted on August 25, 2015 by research

August 25, 2015 HIGHLIGHTS: The IMF says Philippine GDP may have accelerated in 2Q15 The Department of Finance believes PHL can handle weak Peso GTCAP buys stake in Property Company of Friends for PhP7.2bn AEV gets US$400m loan for acquisitions … Continue reading →

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Accord Capital Daily Highlight, August 25, 2015

Posted on August 25, 2015 by research

OUTLOOK: The PSEI has technically breached the “bear market line” which we marked at 6846.53 – a 20% retracememt off the 8136.97 peak. The first support line for the bears is at 6510. There are three things an investor my … Continue reading →

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Accord Capital Weekly Highlight, August 24 to 28, 2015

Posted on August 24, 2015 by research

OUTLOOK: The cycle of negative news continued through the weekend. Though investors have been on edge since the local market fell off its lofty heights in April, there were hopes that the drop is just part of the usual corrective … Continue reading →

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