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: Daily Notes for July 12, 2022

Posted on July 12, 2022 by research

OUR VIEW Trade cautiously. The local market inches closer to its 6,400 resistance level after its last minute rally this past Monday. While bargain hunting opportunities are still seen, breaching the said level could be challenging for the market amid … Continue reading →

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On Balance: Weekly Notes for July 11, 2022

Posted on July 11, 2022 by research

OUR VIEW The local market rode on positive momentum last week, closing higher by 3.19% w/w. The sustainability of this rally is questionable however amid the lingering economic headwinds that may dampen sentiment. This includes the Peso’s further weakening, and … Continue reading →

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On Balance: Daily Notes for July 08, 2022

Posted on July 7, 2022 by research

OUR VIEW Trade cautiously. As the market pulled back yesterday after a 4-day rally, the local bourse is expected to retest the 6,400 level once again. If this happens, we recommend accumulating shares at the said level, especially if it … Continue reading →

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On Balance: Daily Notes for July 07, 2022

Posted on July 6, 2022 by research

OUR VIEW Accumulate cautiously if the market stays above the 6,400 level. The 6,400 resistance level has been breached, therefore wait and see if it will sustain above that before accumulating. However, the market has been on a 4-day rally, … Continue reading →

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On Balance: Daily Notes for July 06, 2022

Posted on July 6, 2022 by research

OUR VIEW Continue to trade cautiously. The market has been up for three days indicating a possibility of a pullback. Investors may take profit as rallies in the current market environment may be short-lived. The market may retest the 6,400 … Continue reading →

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Metropolitan Bank and Trust Company [PSE: MBT] Company Report

Posted on July 5, 2022 by research

ACTION PLAN For long term investors, we recommend buying shares of MBT with a target price of P64.26 per share, giving a potential upside of 33.88% based from its July 4, 2022 closing price of P48.00. Marketability-wise, MBT is already … Continue reading →

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On Balance: Daily Notes for July 05, 2022

Posted on July 5, 2022 by research

OUR VIEW Continue to trade cautiously. The release of the inflation data for the month of June can be a factor on how investors will react to the market. If it is within the lower range of the Bangko Sentral … Continue reading →

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On Balance: Weekly Notes for July 04, 2022

Posted on July 4, 2022 by research

OUR VIEW With already four straight weeks of decline, we may see some bargain hunting this trading week. However, inflation concerns could remain weighing on the market especially since June inflation figures are about to be released. If June’s inflation … Continue reading →

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On Balance: Daily Notes for July 01, 2022

Posted on July 1, 2022 by research

OUR VIEW Accumulate at 6,100-6,150 support levels, only if the market manages to stay at the said levels. Onshore, the Bangko Sentral ng Pilipinas (BSP) projects June’s inflation rate to settle within 5.7% to 6.5%, which is higher than May’s … Continue reading →

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On Balance: Daily Notes for June 30, 2022

Posted on June 30, 2022 by research

OUR VIEW Continue to trade cautiously. The market may continue to test the 6,400 resistance level but for now, we still see the market range from 6,100 to 6,400 levels. Moreover, the incoming administration wants the Philippines to return to … Continue reading →

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