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 Monday, 4 August 2014

Posted on August 4, 2014 by research

August 4, 2014 HIGHLIGHTS: Outstanding loan growth in June slows to 20% on weaker demand Domestic liquidity in June slows 23% on higher rates, tightening BLOOM 1H14 net income jumps to PhP2.3bn on gross gaming revenues BPI 1H14 net income … Continue reading →

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Market Daily for Thursday, 31 July 2014

Posted on July 31, 2014 by research

July 31, 2014 HIGHLIGHTS: BSP hints at higher July inflation rate PNX 1H14 net income up 8% y-o-y to PhP412m CIC 1H14 net income jumps 45% to PhP346m on sales Valuation table  

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Accord Capital Highlight, July 31, 2014

Posted on July 31, 2014 by research

Two things we learn from Wednesday’s action: 1) the presence of the bulls as evidenced by an early advance to the 6900-mark; and 2) an overhang of the pessimism from Monday’s pre-SONA fall this time evidenced by the quick reversal … Continue reading →

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PSEi, July 30, 2014

Posted on July 30, 2014 by research

TECHNICAL GUIDE: Based on July 28, 2014 closing levels TECH GUIDE for WED JULY 30

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Accord Capital Highlight, July 30, 2014

Posted on July 30, 2014 by research

The President delivered a mostly positive SONA last Monday, prior to which the market erased nearly 40-points off the PSEI. Earnings have started to pour in. Banks have generally reported lower profits as trading gains, which pushed bottom-lines north last … Continue reading →

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Market Daily for Wednesday, 30 July 2014

Posted on July 30, 2014 by research

July 30, 2014 HIGHLIGHTS: CAT sells majority stake to an unidentified buyer for PhP1.8bn MER 1H14 net income up slightly; sees weaker 3Q14 numbers HLCM 1H14 net income up 9% to PhP3.3bn on cement demand SMC talking with Lucio Tan … Continue reading →

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Accord Capital Highlight, July 28, 2014

Posted on July 28, 2014 by research

WEEK REVIEW: External worries continued to dampen investors’ collective mood last week which saw the PSEI tepidly rise 0.5% to 6,889.55, breaching but failing to sustain a close above the 6,900-line. Conversely, there were no compelling reasons to ride on … Continue reading →

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Market Daily for Monday, 28 July 2014

Posted on July 28, 2014 by research

July 28, 2014 HIGHLIGHTS: IMF trims Philippine 2014 GDP forecast to 6.2% on spending PXP 1H14 net loss narrows on rising revenues, lower expenses HOUSE targets PhP3.2bn net income for 2014; trading at discount PE MACAY plans to expand into … Continue reading →

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Accord Capital Highlight, July 25, 2014

Posted on July 25, 2014 by research

OUTLOOK:Investors will remain generally on the side-lines ahead of a pre-SONA week-end and amid persistent threats of additional sanctions on Russia. Anticipation over 2nd quarter earnings should begin to be felt by next week, as the market manages to hold … Continue reading →

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Accord Capital Highlight, July 23, 2014

Posted on July 23, 2014 by research

If investors are able to look past geopolitics, instead training their sights on broad economic fundamentals and corporate earnings, the market may be better than it is today — or at the least not as bad as some may feel … Continue reading →

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