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.

Philippine 2Q GDP

Posted on August 28, 2014 by research

HOLDING to thin gains before the release of 2Q GDP, investors turned as soon as it came out — 6.4% driven by, as a www.abs-cbn.com report indicated, strong growth in factory output and exports plus a pick up in state spending. … Continue reading →

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Company focus:The Philippine Stock Exchange

Posted on August 28, 2014 by research

REVENUE PROFILE:The PSE’s main revenue source are fees collected from its listing related operations. In the last three years, 2011 to 2013, this item accounted for an average of 48% of the aggregate. Over the same period, listing-related income has … Continue reading →

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Market Daily for Thursday, 28 August 2014

Posted on August 28, 2014 by research

August 28, 2014 HIGHLIGHTS: Philippine imports dip 3.6% to US$4.7bn in June EMP to replace PX in the PSE composite index in September RCB confirms talking with a Taiwan-based bank for investment AC plans sale of PhP15bn preferred shares COSCO … Continue reading →

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Accord Capital Highlight, August 27, 2014

Posted on August 27, 2014 by research

PHILIPPINE SHARE PRICES fluctuated throughout eventually closing almost flat as regional pressures pulled on sentiments. Domestic investors attention shifted to and kept one eye on the first hearing of the House Justice Committee on the impeachment cases filed against President … Continue reading →

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Accord Capital Highlight, August 26, 2014

Posted on August 26, 2014 by research

OUTLOOK: Confidence in equities are quite evident. All fears or concerns appears to have been set aside — already discounted into the previous slump. Of course fresh concerns over valuations and technical levels can be expected to surface soon. These … Continue reading →

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Accord Capital Highlight, August 20, 2014

Posted on August 20, 2014 by research

OUTLOOK: Not even a month or two ago, investors were unsure of whether the PSEI could make a return to the 7,000-mark. Sentiments were dragged by the 5.7% first quarter GDP, — way below the average expectations — rising inflation … Continue reading →

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COMPANY UPDATE: ALLIANCE GLOBAL GROUP, INC. (AGI)

Posted on August 20, 2014 by research

1H14 attributable net income dips 9.1% to PhP7.5bn on weaker contributions from Emperador, Travellers and quick-service restaurant units; rising costs may place negative pressure on margins while real estate sales growth may see slowdown risks. Trading at discount to sector. … Continue reading →

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PSEi, August 19, 2014

Posted on August 19, 2014 by research

TECHNICAL GUIDE: Based on August 13, 2014 closing levels AUGUST 19, 2014_TUESDAY_TECH GUIDE

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Accord Capital Highlight, August 19, 2014

Posted on August 19, 2014 by research

Asian markets and the local bourse should find a more stable footing when investors return to the floor on Tuesday as US and European equities appear poised to post a good opening for this week’s trading. The earnings season officially … Continue reading →

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COMPANY UPDATE: PHILEX MINING CORP (PX)

Posted on August 18, 2014 by research

COMPANY UPDATE: PHILEX MINING CORP (PX) 1H14 net income down 32% y-o-y to PhP559m on rising production costs from aging Padcal mine despite spike in output and revenues (+38% to PhP5.8bn); likely to see flat to thinner margin growth until … Continue reading →

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