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, August 15, 2014

Posted on August 15, 2014 by research

Based on FS uploaded at edge.com.ph, 23 of the 30 PSEI counters have submitted 1H reports. 18 posted higher year-on-year revenue at an average rate of 30.4%, 5 reported lower numbers yoy averaging -12%; 14 reported better profits with a … Continue reading →

Comments Off

Market Daily for Friday, 15 August 2014

Posted on August 15, 2014 by research

August 15, 2014 HIGHLIGHTS: Foreign portfolio investment net inflows up to $321m from $44m JGS 1H14 core net income better-than-expected PhP10.3bn PGOLD 1H14 falls 7% to PhP1.7bn on rising costs RRHI 1H14 up 26% to PhP1.4bn on sales AC 1H14 … Continue reading →

Comments Off

PSEi, August 14, 2014

Posted on August 14, 2014 by research

TECHNICAL GUIDE: Based on August 13, 2014 closing levels AUGUST 14, 2014_THURSDAY_TECH GUIDE

Comments Off

Accord Capital Highlight, August 14, 2014

Posted on August 14, 2014 by research

Wednesday’s trades magnified two important things: 1) that investors are hanging on to positive hopes for the market’s future; and 2) the preponderance of emerging external risks, and, to a certain degree those rising at the domestic end, have not … Continue reading →

Comments Off

MSCI Philippines Index weighting

Posted on August 14, 2014 by research

There were no new additions or deletions in MSCI’s Philippine Index this quarter. However, there were changes in some stock weightings as listed below: Weight decrease: URC -1.01% JGS -0.94% SM -0.90% AEV -0.79% SMPH -0.76% BPI -0.55% JFC -0.54% … Continue reading →

Comments Off

June Philippine Exports up 21%

Posted on August 12, 2014 by research

Philippine exports in June jumped 21% year-on-year to US$5.4bn from US$4.5bn in the same month last year on rising demand for electronic products. June’s export growth is faster than the 6.9% rate recorded in May and also higher than the … Continue reading →

Comments Off

Accord Capital Highlight, August 12, 2014

Posted on August 12, 2014 by research

Earnings have not been as stellar as they were last year, although bottom-lines are generally still expanding. Monday’s releases however are more in line with expectations — providing positive spin to trades.Property counters Ayala Land, Inc. [pse: ALI] and Megaworld … Continue reading →

Comments Off

Market Daily Highlights, August 12, 2014

Posted on August 12, 2014 by research

August 12, 2014 HIGHLIGHTS: Motor vehicle sales in July up 32% on demand for passenger cars MBT 1H14 net income down 50% to PhP9.1bn due to lower trading gains CNPF 1H14 net income PhP718m almost beats 2013 full-year net ALI … Continue reading →

Comments Off

Accord Capital Highlight, August 11, 2014

Posted on August 11, 2014 by research

The strong surge in the week’s opening trades proved insufficient to buffer the bears dominance of the succeeding sessions. The record remains impressive, however — 20 of the first 32 weeks saw gains. Interestingly, this was almost the same “win-loss” … Continue reading →

Comments Off

COMPANY UPDATE: International Container Terminal Services (ICT)

Posted on August 11, 2014 by research

ICT 1H14 1H14 net income up 23% to US$101.7m from revenues of US$510.3m, 23% higher y-o-y on contribution from new ports, throughput volumes and subsidiary sale; while EBITDA is up 13% y-o-y, margin dips 3 points to 42% on rising … Continue reading →

Comments Off