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.

On Balance: Weekly Notes for September 13, 2021

Posted on September 13, 2021 by research

OUR VIEW FOR THE WEEK Trade cautiously. This week, how the market would close could depend on the social restrictions to be implemented in the NCR after September 15. The government is aiming to test their new restriction measures with … Continue reading →

Comments Off

On Balance: Daily Notes for September 10, 2021

Posted on September 9, 2021 by research

OUR VIEW Accumulate on dips as the market tries to stay above the 6,900 level amid a weak pullback yesterday. However, we see no strong fresh leads in the market. Investors are waiting for the next quarantine measures, hoping that … Continue reading →

Comments Off

On Balance: Daily Notes for September 09, 2021

Posted on September 8, 2021 by research

OUR VIEW Trade cautiously after the market shrugged off the postponement of relaxing quarantine measures in Metro Manila. We are not convinced with the rally yesterday as value turnover is only below P6 Bn and foreigners turned sellers yesterday, breaking … Continue reading →

Comments Off

Bank of the Philippine Islands [PSE: BPI] Company Report

Posted on September 8, 2021 by research

ACTION PLAN We recommend BUYING Bank of the Philippine Islands [PSE: BPI] shares ON DIPS with a target price of P89.59 and a holding period of 9 to 12 months. While from its September 7, 2021 closing price of 83.60, … Continue reading →

Comments Off

On Balance: Daily Notes for September 08, 2021

Posted on September 7, 2021 by research

OUR VIEW Trade cautiously as the market may move sideways due to the weak rally yesterday. The market was able to breach the 6,900 level, however, market participation was weak at P5.39 Bn value turnover only. Investors will be observing … Continue reading →

Comments Off

On Balance: Daily Notes for September 07, 2021

Posted on September 6, 2021 by research

OUR VIEW Accumulate on dips as the PSEi still shows a bullish momentum despite the profit-taking yesterday. Chart-wise, however, we see resistance at 6,900 to 7,000 levels. Investors are expected to digest the decision of the government to place Metro … Continue reading →

Comments Off

On Balance: Weekly Notes for September 06, 2021

Posted on September 6, 2021 by research

OUR VIEW FOR THE WEEK Trade cautiously. This week, the local bourse may take cues from the government’s decision regarding the country’s quarantine classifications after September 7. Last week’s positive performance is seen to be reflective of hopes towards the … Continue reading →

Comments Off

On Balance: Daily Notes for September 03, 2021

Posted on September 3, 2021 by research

OUR VIEW Take some profits from yesterday’s rally. Buyers showed weakness at the last minute yesterday which may further continue ahead of the weekend. Meanwhile, we are seeing an upward bias in the coming trading days given the stronger market … Continue reading →

Comments Off

On Balance: Daily Notes for September 02, 2021

Posted on September 1, 2021 by research

OUR VIEW Accumulate share on the 6,600 immediate support area. We also expect higher market participation this September after the “Ghost Month.” However, Covid-19 cases continue to climb at home while the World Health Organization is monitoring a new Covid-19 … Continue reading →

Comments Off

On Balance: Daily Notes for September 01, 2021

Posted on August 31, 2021 by research

OUR VIEW Trade within 6,600 to 7,000 after the PSEi rallied yesterday with strong market participation and support from the foreigners. Despite the increasing Covid-19 cases, the government seems unlikely to put Metro Manila under the strictest quarantine measure which … Continue reading →

Comments Off