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 June 07, 2021

Posted on June 7, 2021 by research

OUR VIEW FOR THE WEEK Trade cautiously this week as the local market may take cues from our country’s COVID-19 situation. This week, the local market may decline if the said situation further relapses. Last week, our new Coronavirus cases … Continue reading →

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On Balance: Daily Notes for June 04, 2021

Posted on June 3, 2021 by research

OUR VIEW Trade cautiously as the market’s pullback may continue on the last trading day of the week. We expect investors to take cues from the release of the May inflation rate. Philstocks forecasts inflation rate at 4.5%, the same … Continue reading →

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On Balance: Daily Notes for June 03, 2021

Posted on June 2, 2021 by research

OUR VIEW Accumulate on a pullback. We saw a strong rally yesterday as the net market value turnover improved compared to the last month’s average of P6.2Bn. The sentiment is improving as hopes for economic recovery are rising, thus, we … Continue reading →

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On Balance: Daily Notes for June 02, 2021

Posted on June 1, 2021 by research

OUR VIEW Trade cautiously as the market may trade sideways after the Philippine Manufacturing PMI for May remained in the contraction territory at 49.9 but it was higher than April’s 49.0, giving mixed sentiment. Investors will also watch the manufacturing … Continue reading →

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On Balance: Daily Notes for June 01, 2021

Posted on May 31, 2021 by research

OUR VIEW Accumulate shares on support area once the government eased the quarantine measures in Greater Manila. Laxer restriction is expected to spur optimism in the market and recovery hopes would rise. Meanwhile, investors will also wait for the release … Continue reading →

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BDO Unibank, Inc. [PSE: BDO] Company Report

Posted on May 31, 2021 by research

ACTION PLAN We recommend a BUY on BDO Unibank, Inc. [PSE: BDO] with a target price of P135.53 and a holding period of 9 to 12 months. From its May 28, 2021 closing price of P101.80, the share is seen … Continue reading →

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On Balance: Weekly Notes for May 31, 2021

Posted on May 31, 2021 by research

OUR VIEW FOR THE WEEK Trade cautiously this week as the market may take cues from our COVID-19 situation, latest quarantine measures, and developments on the Bayanihan 3 Bill. Investors are expected to monitor our COVID-19 situation amid the recent … Continue reading →

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On Balance: Daily Notes for May 28, 2021

Posted on May 28, 2021 by research

OUR VIEW Buy on a pullback after the market surge yesterday. First, there’s a higher risk of profit taking and today is the last trading day of the week. There was a conviction from the investors yesterday with a value … Continue reading →

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On Balance: Daily Notes for May 27, 2021

Posted on May 26, 2021 by research

OUR VIEW Take some profits after the rally yesterday amid mounting net foreign selling in the market and the implementation of the MSCI rebalancing on Friday. The market’s rally yesterday showed conviction with net market value turnover more than the … Continue reading →

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On Balance: Daily Notes for May 26, 2021

Posted on May 25, 2021 by research

OUR VIEW Accumulate more fundamentally strong stocks while the market is waiting for fresh leads. We expect traders to follow the sentiment abroad in the meantime while they monitor the Covid-19 pandemic situation and the quarantine guidelines at home. In … Continue reading →

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