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.

Company Update: Aboitiz Power Corp.

Posted on November 5, 2012 by research

Company Update: Aboitiz Power Corp (AP) Operational results for the first nine months of 2012. Net income up 13% to PhP18.4bn Price: PhP33.10 Rating: Buy on weakness For the full research, click here: AP 9M12 DISCLAIMER: THE MATERIAL CONTAINED IN THIS … Continue reading →

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ACCORD MARKET DAILY (Wednesday, October 31, 2012)

Posted on October 31, 2012 by research

ACCORD MARKET DAILY_October 31, 2012 HIGHLIGHTS: TEL long-term credit rating upgraded to Baa2 by Moody’s BPI 9M12 net income rises by 37% to PhP13.2bn LR to acquire 50% of Midas Hotel and Casino ALI to spend PhP28.5bn for Makati redevelopment

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Accord Capital Daily, Tuesday, October 30, 2012

Posted on October 30, 2012 by research

Volume and value turnover remained pretty decent, hitting the averages at 8.862 billion and PHP5.214 billion, respectively. Market breadth was slightly negative with 81 advancers against 86 decliners.The market may move at a similar pace for the remainder of the … Continue reading →

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Market Daily for Tuesday, 30 October 2012

Posted on October 30, 2012 by research

Market Daily for Tuesday, 30 October 2012 HIGHLIGHTS: Philippines long-term credit rating upgraded by Moody’s; outlook stable MER hikes 2012 net income target to PhP16bn from PhP15.5bn SMPH 9M12 net income gains 15% to PhP7.4bn on revenues BHI sells 466.8m … Continue reading →

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Accord Capital Daily, Monday, October 29, 2012

Posted on October 29, 2012 by research

The failure of US stocks to post a decent rebound off a nearly 250-point meltdown Wednesday and Thursday, rising a mere 3 points to close the week, together with the perennial overhang of uncertainty in Europe will likely temper enthusiasm. … Continue reading →

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Market Daily for Thursday, 25 October 2012

Posted on October 25, 2012 by research

Market Daily for Thursday, 25 October 2012 HIGHLIGHTS: The Government’s fiscal deficit in first nine months ending September reached PhP106.1bn PXP 9M12 swings to PhP131.8 net loss on lower revenues; 3Q12 results flat AC bags exclusive distributorship of Volkswagen vehicles … Continue reading →

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Accord Capital Daily for Thursday, October 25, 2012

Posted on October 25, 2012 by research

“Any market correction is good and likely to be short-lived as investors will likely use any weakness as a buying opportunty.” – Nader Naeimi, head of dynamic asset allocation, AMP Capital Investors, Ltd. (as quoted in a www.bloomberg.com report) For … Continue reading →

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Market Daily for Wednesday, 24 October 2012

Posted on October 24, 2012 by research

Market Daily for Wednesday, 24 October 2012 HIGHLIGHTS: APM and consortium members agree on Farm-In Agreement with Frontier Oil STI follow-on offer price pegged at PhP0.90 per share, below range VUL to exit mining; possible back door listing by National … Continue reading →

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Market Daily for Tuesday, 23 October 2012

Posted on October 24, 2012 by research

Market Daily for Tuesday, 23 October 2012 HIGHLIGHTS: MJIC to sell 2.15bn new shares to 16 new investors for its hotel-resort projects PGOLD’s PhP5.0bn notes offering to carry rates of 5.884% and 5.867% Various infra-related companies bid for LRT 1 … Continue reading →

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Accord Capital Daily, Tuesday, October 24, 2012

Posted on October 24, 2012 by research

Up ahead in the horizon that may lend a positive spin to trades is the BSP’s rate setting meeting this Thursday, before the market takes an extended break. There is a growing consensus towards another 25-basis point cut in an … Continue reading →

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