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.

ERRATUM on COMPANY NEWS

Posted on March 13, 2013 by research

Under Company News, the issuer that whose Board approved a Stock Rights Offering was inadvertently identified in the title line as PHILEX PETROLEUM CORPORATION when it is supposed to have been PHILEX MINING CORPORATION,  The ticker symbol provided, the corporate … Continue reading →

Comments Off

Accord Capital Daily, Wednesday, March 13, 2013

Posted on March 13, 2013 by research

MARKET RECAP Dow rises for 5th day, S&P nears record as risks ease Europe mixed on China manufacturing, Italian politics Asian markets slump Philippine FDI exceeds targets THE MENU OF POSITIVE LEADS from the US overnight failed to lift sentiments, … Continue reading →

Comments Off

Accord Capital Daily, Tuesday, March 12, 2013

Posted on March 12, 2013 by research

In 2009, the phrase “new normal” was coined by Pacific Investment Management Co. (Pimco) to describe an era of subpar growth and a diminishing role for developed economies. Today, we borrow the phrase and apply it to the local market … Continue reading →

Comments Off

Accord Capital Daily, Monday, March 11, 2013

Posted on March 11, 2013 by research

MARKET RECAP DJIA hits, closes at record; S&P500 poised to set new high PSEI ease off 23rd record close New PSEI composition takes effect Monday Consumer prices rise in February Unrest in Middle East (Syria, Egypt) Sabah issue grab headlines … Continue reading →

Comments Off

Market Daily for Friday, 8 March 2013

Posted on March 8, 2013 by research

March 8, 2013 HIGHLIGHTS: 1. Philippines GIR at end-Feb dips US$1.5bn to US$83.8bn 2. RCB conducts top-up placement of 63.7m shares at PhP64 per share 3. ALI raises PhP12.2bn through a placement deal at PhP30.50 per share 4. MBT 2012 … Continue reading →

Comments Off

Accord Capital Daily, Thursday, March 7, 2013

Posted on March 7, 2013 by research

MARKET RECAP SENTIMENTS RODE HIGH AT MID-WEEK, pushing the local measure to its 23rd record close for the year-to-date. Investors were undeterred by inflation numbers, instead focusing on the Dow’s surge to a new historic high. Stocks in Europe returned … Continue reading →

Comments Off

Accord Capital Daily, Wednesday, March 6, 2013

Posted on March 6, 2013 by research

MARKET RECAP LOCAL SHARE PRICES snapped a two-session slide driven by the Dow’s strong rebound off an intra-day low and rise to five-year highs. The government’s fiscal deficit for 2013 was capped at 2.3% of GDP, still less than programmed. … Continue reading →

Comments Off

Company Update: Energy Dev’t. Corp.

Posted on March 5, 2013 by research

Company encounters engineering and operational setbacks in past week that may stall 2013 income growth; 2012 earnings up on higher salesfrom Green Core and FG Hydro units. Wind energy prospects pick up. For the full research, click here: EDC FY2012 DISCLAIMER: … Continue reading →

Comments Off

Accord Capital Daily, Tuesday, March 5, 2013

Posted on March 5, 2013 by research

MARKET RECAP THE MARKET TOOK AN EARLY HIT from news on the US sequester coming into effect Friday but found enough optimism from Fitch Ratings positive impression and an SWS poll revealing a population generally upbeat on this year’s prospects … Continue reading →

Comments Off

Accord Capital Daily, Monday, March 4, 2013

Posted on March 4, 2013 by research

MARKET RECAP THE BEARS FINALLY GOT ONE IN. After setting the 21st and 22nd record close for the year, the PSEI posted its first weekly drop as investors struggled to balance political concerns in Italy and the approach of a … Continue reading →

Comments Off