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, May 12, 2015

Posted on May 12, 2015 by research

First Quarter earnings have so far been encouraging and this should keep optimism up on the market, or at the least, specific counters. However, external risks remain heightened and investors are taking a much more cautious approach to their decision-making. … Continue reading →

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Market Daily for Monday, 11 May 2015

Posted on May 11, 2015 by research

May 11, 2015 HIGHLIGHTS: MAXS swings into PhP140m profit in 1Q15 IMI 1Q15 net income up 26% to US$6.8m on lower costs EW 1Q15 net income up 32% to PhP600m AP 1Q15 recurring net income down 2.3% to PhP4.3bn on … Continue reading →

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Accord Capital Weekly Highlight, May 11 to 15, 2015

Posted on May 11, 2015 by research

The Market Week: To say that it has been a shaky, if not totally forgettable week for the local equity market may be an understatement. If likened to a championship series, Friday’s trade turned out to be the pivotal rubber … Continue reading →

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Market Daily for Friday, 8 May 2015

Posted on May 8, 2015 by research

May 8, 2015 HIGHLIGHTS: Gross international reserves at US$80.8bn at end-April SMC to bid for Davao seaport PPP project ABS 1Q15 net income up 5.8% to PhP569m MWC 1Q15 net income flat at PhP1.4bn on higher expenses SECB 1Q15 net … Continue reading →

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Accord Capital Daily Highlight, May 8, 2015

Posted on May 8, 2015 by research

OUTLOOK FOR FRIDAY: The market’s movements in the coming days depends by and large on where investors opt to train their focus on – domestic corporate earnings or the external headwinds brought on by the news cycle. The numbers reported … Continue reading →

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Market Daily for Thursday, 7 May 2015

Posted on May 7, 2015 by research

May 7, 2015 HIGHLIGHTS: RCB 1Q15 net income up 21% to PhP1.6bn SM 1Q15 net income below expectation, up 8% to PhP6.7bn URC 1H FY15 net income up 4% to PhP6.5bn on higher JV costs  

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Accord Capital Daily Highlight, May 7, 2015

Posted on May 7, 2015 by research

European futures were mixed at the close of Philippine trades with the regional benchmark showing thin gains. Meanwhile, US futures suggest a possible rebound off later today. The local market may have lost the momentum of the first two days … Continue reading →

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Market Daily for Wednesday, 6 May 2015

Posted on May 6, 2015 by research

May 6, 2015 HIGHLIGHTS: Headline inflation in April slows to 2.2% from 2.4% in March; 2.3% year-to-date TEL 1Q15 core net income down 5% to PhP9.8bn, inline with expectation NIKL 1Q15 net income PhP675.8m, up 281% on revenues and prices … Continue reading →

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Accord Capital Daily Highlight, May 6, 2015

Posted on May 6, 2015 by research

Investors maintained an optimistic stance into the second day of May trades, pushing the PSEI to its second gain in as many days – a welcome reprieve from the battering it took in the previous weeks. It appears that the … Continue reading →

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Market Daily for Tuesday, 5 May 2015

Posted on May 5, 2015 by research

May 5, 2015 HIGHLIGHTS: Money supply growth in March up 9.4% on loans and forex inflow Loan growth in March slows to 13.7% from 15.2% SMPH posts 1Q15 recurring net income of PhP5.2bn, up 14% and within expectation X 1Q15 … Continue reading →

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