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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: ICTSI First half 2015 results

Posted on August 11, 2015 by research

ICT 1H15 Results 1H15 net income flat, recurring net up 20% to $101.9m on 9% increase in volume handled of 3.9m TEUs and 8% rise in revenues to $552m; capex to accelerate in 2H15 for new terminals. HOLD.

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Accord Capital Daily Highlight, August 11, 2015

Posted on August 11, 2015 by research

Market flat on thin leads THE TRADING WEEK STARTED OFF ON A POSITIVE NOTE, a good welcome for SBS Philippines Corporation [pse: SBS]. But the burden to sustain rallies remained heavy, keeping a lid on sentiments. By the end of … Continue reading →

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Market Daily for Monday, 10 August 2015

Posted on August 10, 2015 by research

August 10, 2015 HIGHLIGHTS: Philippines GIR down slightly on gold and forex revaluation EW reports 1H15 net of PhP1.0bn, up 4% y-o-y JFC 1H15 net income up 7% to PhP2.7bn on sales but below expectation as margins dip ALI 1H15 … Continue reading →

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Accord Capital Weekly Highlight, August 10 to 14, 2015

Posted on August 10, 2015 by research

OUTLOOK FOR WEEK 32: Attention should shift back to fundamentals when trades reopen on Monday, although activity may be tempered going into the Ghost Month which begins Friday, August 14. If the early reports that have come out are any … Continue reading →

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Market Daily for Friday, 7 August 2015

Posted on August 7, 2015 by research

August 7, 2015 HIGHLIGHTS: Government’s budget balance swings to surplus of PhP13.7bn in 1H15 on underspending SM 1H15 net income up 10% to PhP13.5bn; below estimates GMA7 1H15 reports better than expected 1H15 net of PhP1.1bn, up 89% y-o-y  

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Accord Capital Daily Highlight, August 7, 2015

Posted on August 7, 2015 by research

PHILIPPINE CONSUMER PRICES ROSE AT A 0.8% YEAR-ON-YEAR PACE IN JULY the slowest pace in two decades. It fell within the BSP’s expectations of between 0.5% and 1.3%, and missed the lower end of our own projections of between 0.9% … Continue reading →

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ECONOMIC UPDATE: July 2015 Consumer price index

Posted on August 6, 2015 by research

Inflation rate July 2015 JULY INFLATION RATE FALLS TO 0.8% Headline inflation rate slows to 20-year low from 1.2% in June on slower food price increases and decline in utility prices; year-to-date average of 1.9% dips below minimum target range; … Continue reading →

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COMPANY UPDATE: SM Prime Holdings, Inc (SMPH)

Posted on August 5, 2015 by research

SMPH 1H15 Results COMPANY UPDATE: SM Prime Holdings, Inc (SMPH) 1H15 core net income of P11.2bn is up 14% y-o-y, inline to meet full-year estimates; margins improve on cost management; to open new malls and launch residential projects this year … Continue reading →

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Market Daily for Tuesday, 4 August 2015

Posted on August 4, 2015 by research

August 4, 2015 HIGHLIGHTS: Outstanding loans of banks unchanged in June as household loans slow down MEG to build a major financial center in Iloilo Business Park MPI reports better-than-expected 1H15 core net of PhP5.9bn, up 27% y-o-y SMPH posts … Continue reading →

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Accord Capital Daily Highlight, August 4, 2015

Posted on August 4, 2015 by research

MARKET WRAP (AUGUST 3, 2015) SHARE PRICES DUG A SHALLOW HOLE at the opening of trades Monday, but neither bulls nor bears took definitive control. Overnight leads (Friday) were rather thin with US stocks posting relatively weak closes and so … Continue reading →

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