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 June 03, 2022

Posted on June 3, 2022 by research

OUR VIEW Accumulate on 6,600 support levels. For today, we expect the market to move sideways amid mixed sentiment. First, investors are expected to digest the latest national government’s outstanding debt which grew by 8.8% y/y to P12.76 trillion. Next, … Continue reading →

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On Balance: Daily Notes for June 02, 2022

Posted on June 2, 2022 by research

OUR VIEW Trade cautiously. The Philippines’ S&P Global purchasing managers’ index (PMI) remains in the expansion territory, however, it inched down to 54.1 in May from 54.3 in April. According to the report, the local manufacturing sector boosted its workforce … Continue reading →

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On Balance: Daily Notes for June 01, 2022

Posted on June 1, 2022 by research

OUR VIEW Trade cautiously after the market returns below the 6,800 level. Meanwhile, Bangko Sentral ng Pilipinas (BSP) projects inflation in May to post at 5-5.8% amid the continued increase in domestic petroleum prices and higher prices of key food … Continue reading →

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On Balance: Daily Notes for May 31, 2022

Posted on May 31, 2022 by research

OUR VIEW Book some gains after the market climbed for four consecutive days. Selling pressure is anticipated so the market may move sideways with a downward bias. Chart-wise, the local bourse was able to breach the 6,800 immediate resistance level, … Continue reading →

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VistaREIT, Inc. [PSE: VREIT] IPO Report

Posted on May 30, 2022 by research

OUR TAKE We are NEUTRAL with Vista REIT, Inc. (VREIT) as the negative risks to its performance cloud its attractive annualized dividend yields. After lowering its final offer price to P1.75 per share, its forecasted annualized dividend yield rose to … Continue reading →

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On Balance: Weekly Notes for May 30, 2022

Posted on May 30, 2022 by research

OUR VIEW This week may start on a negative note as we may see profit taking from the market’s preceding 3- day rally. For the whole week, investors may take a cautious stance as they continue to deal with lingering … Continue reading →

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On Balance: Daily Notes for May 27, 2022

Posted on May 27, 2022 by research

OUR VIEW Continue to trade cautiously. Given that President-elect Ferdinand “Bongbong” Marcos has announced already his economic team, investors will be waiting for the economic plans and policies of the new administration. Again, managing the country’s debt and at the … Continue reading →

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On Balance: Daily Notes for May 26, 2022

Posted on May 26, 2022 by research

OUR VIEW The market still fails to return above the 6,600 level amid a lack of catalyst while some investors are still in a wait-and-see mode. Investors await the economic policy of the next administration, especially on how they will … Continue reading →

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On Balance: Daily Notes for May 25, 2022

Posted on May 25, 2022 by research

OUR VIEW Trade cautiously after the market fell below the 6,600 level. Given this, sideways movement with a downward bias is anticipated. The support now returns to 6,400 levels while the immediate resistance is at 6,800. On the data front, … Continue reading →

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On Balance: Daily Notes for May 24, 2022

Posted on May 24, 2022 by research

OUR VIEW Trade cautiously as the market remains in a wait-and-see mode. At home, the next administration’s economic team is what the investors are waiting for along with their economic plans and policies for the country. This is following the … Continue reading →

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