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, 20 November 2014

Posted on November 20, 2014 by research

November 20, 2014 HIGHLIGHTS: Banks’ bad loans increase slightly in August as loan levels rise Remittances growth climb for fifth straight month in September STI September quarter net income falls 49% DMC 9M14 core net income dips 6% to PhP7.5bn … Continue reading →

Comments Off

Market Daily for Friday, 14 November 2014

Posted on November 14, 2014 by research

November 14, 2014 HIGHLIGHTS: Foreign portfolio investments dip in October but year-long trend remains positive ICT 3Q14 net income drops 26% y-o-y on start up costs JFC 3Q14 net income gains 15% y-o-y despite store closures AGI 9M14 net income … Continue reading →

Comments Off

Market Daily for Thursday, 13 November 2014

Posted on November 13, 2014 by research

November 13, 2014 HIGHLIGHTS: AP enters agreement to develop solar energy with SunEdison of US EDC’s Burgos Wind Farm gets endorsement from DoE. VLL 9M14 net income up 12% y-o-y, 70% of this year’s estimate PNX 3Q14 net income falls … Continue reading →

Comments Off

Market Daily for Wednesday, 12 November 2014

Posted on November 12, 2014 by research

November 12, 2014 HIGHLIGHTS: Philippine exports expands 15.7% in September, extending this year’s upward trend GLO 9M14 core net income up 22% to PhP11.6bn on revenues GERI 9M14 net income up 37% to PhP320m on real estate sales COSCO 9M14 … Continue reading →

Comments Off

Market Daily for Tuesday, 11 November 2014

Posted on November 11, 2014 by research

November 11, 2014 HIGHLIGHTS: FDI in August of US$299m is down 31% from July MEG reports 9M14 net income of PhP19.0bn, including one-time items NIKL 9M14 net income surges 480% to PhP8.2bn on ore shipments, prices SMC 9M14 net income … Continue reading →

Comments Off

Market Daily for Friday, 7 November 2014

Posted on November 7, 2014 by research

November 7, 2014 HIGHLIGHTS: SM reports a recurring 9M14 net income of PhP18.1bn, up 13.7% y-o-y DD 3Q14 net income jumps 16-fold to PhP253.8m on sales DNL 9M14 net income up 24% to 1.3bn on revenues Valuation table Dividend and … Continue reading →

Comments Off

Accord Capital Daily Highlight, November 6, 2014

Posted on November 6, 2014 by research

CORPORATE DISCLOSURES: 1. EASYCALL COMMUNICATIONS PHILIPPINES, INC. [pse: ECP] Special Block Sale 2. METRO PACIFIC INVESTMENTS CORPORATION [pse: MPI] Expansion of Health Care business — more hospital beds sought For the full research, click here: NOVEMBER 6, 2014_THURSDAY DISCLAIMER: THE MATERIAL CONTAINED … Continue reading →

Comments Off

Company Update: 8990 HOLDINGS, INC. (HOUSE)

Posted on November 5, 2014 by research

HOUSE 9M14 3Q14 net income jumps 74% y-o-y to PhP1.0bn on unit deliveries, new projects; net margin at robust 46%. 9M14 net of PhP2.8bn already 86% of our full-year estimate. Declares PhP0.05 cash div; price target maintained at PhP10.50. BUY.

Comments Off

Market Daily for Tuesday, 4 November 2014

Posted on November 4, 2014 by research

November 4, 2014 HIGHLIGHTS: Commercial banks loan growth up 20.5% in September EMP announces complete acquisition of Whyte & Mackay SMPH 9M14 net income up a better-than-expected 12% to PhP13.5bn RFM 9M14 net income up 10% to PhP578m, missing estimates … Continue reading →

Comments Off

Accord Capital Daily Highlight, November 4, 2014

Posted on November 4, 2014 by research

CORPORATE DISCLOSURES: 1. Bright Kindle Resources [pse: BKR] – formerly Bankard, Inc. [BKD] Board of Directors Actions 2. Emperador, Inc. [pse: EMP] Acquisition of Whyte & Mackay Completed 3. Unioil Resources & Holdings Company, Inc. [pse: UNI] Clarification of News … Continue reading →

Comments Off