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.

Market Daily for Thursday, 8 January 2014

Posted on January 8, 2015 by research

January 8, 2015 HIGHLIGHTS: Philippines’ GIR increases to US$79.8bn after four months of decline Budget Secretary Abad says Phil GDP gained between 6-7% in 2014 JFC to tap China coffee shop market CEB to forego more revenues due to suspended … Continue reading →

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Accord Capital Highlight, January 8, 2015

Posted on January 8, 2015 by research

OUTLOOK: The market has so far given investors something to cheer about and be hopeful for. Our anticipated drop in opening trades has not materialized — and we are glad to be proven wrong. The PSEI has so far made seven … Continue reading →

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Market Daily for Wednesday, 7 January 2015

Posted on January 7, 2015 by research

January 7, 2015 HIGHLIGHTS: December inflation rate falls to 2.7%, lowest in 15 months Maynilad plans to collect new rates on staggered basis SMC to challenge MPI in SCTEX bidding IMI completes 100% acquisition of Psi Technologies Valuation table Dividends … Continue reading →

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Market Daily for Tuesday, 6 January 2015

Posted on January 6, 2015 by research

January 6, 2015 HIGHLIGHTS: Outstanding loans of commercial banks grows 20% in November EDC’s Burgos Wind Project wins award from finance body MPI and DMC’s Maynilad wins arbitration case to hike water rates 2015 Valuation table Dividend and rights table … Continue reading →

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Accord Capital Highlight, January 5, 2015

Posted on January 5, 2015 by research

Investors are to be alert for two patterns on the charts this year — continuation of the bull or a reversal to a bear. Despite the rather rough two years (2013 and 2014) we remain in a bull market but … Continue reading →

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Market Daily for Tuesday, 23 December 2014

Posted on December 23, 2014 by research

December 23, 2014 HIGHLIGHTS: Philippines balance of payments surplus down 43% in 3Q14 External debt to GDP ratio improves to 6.4% in 3Q14 from 8.2% DMC to sell its 24.3% stake in TPLEX concessionaire for PhP1.8bn URC to sell ethanol … Continue reading →

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Market Daily for Friday, 19 December 2014

Posted on December 19, 2014 by research

December 19, 2014 HIGHLIGHTS: Foreign portfolio investment inflows rise in November CPG says uptake at its Pampanga project hit PhP1.6bn RCB sells 20% to Cathay Life Insurance of Taiwan for PhP64/share APO buys additional stake in miner UPM Valuation table … Continue reading →

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Market Daily for Thursday, 18 December 2014

Posted on December 18, 2014 by research

December 18, 2014 HIGHLIGHTS: ADB cuts Philippines 2014 GDP forecast to 6.0% from 6.2% NEDA sees 4Q14 GDP to picking up pace but miss full year target GERI launches Holland Park in Southwoods City BPI to buy 49% stake in … Continue reading →

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Company Update: PETRON CORP (PCOR)

Posted on December 17, 2014 by research

PCOR DEC 2014 Oil refiner could see further margin declines ahead as oil prices continue to fall this quarter. 9M14 EBITDA margin of 3.2% (from 4.2% in 9M13) to shrink due to a 37% fall in oil prices from end-September; … Continue reading →

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Market Daily for Tuesday, 16 December 2014

Posted on December 16, 2014 by research

December 16, 2014 Remittances in October rises 6.9% to US$2.5bn, up 6.7% year to date DOF sees more Philippine rating upgrades DD to open its first CityMall in Roxas City AGI expects better growth from units next year DMPL posts … Continue reading →

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