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.

Raslag Corporation [PSE: ASLAG] IPO Report

Posted on May 23, 2022 by research

OVERVIEW Raslag Corporation [PSE: ASLAG] will offer up to 402,000,000 shares consisting of 350,000,000 primary shares and an overallotment option of up to 52,500,000 secondary shares at P2.00 apiece. Of its estimated net proceeds of P647.54 million, 58.68% will go … Continue reading →

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On Balance: Weekly Notes for May 23, 2022

Posted on May 23, 2022 by research

OUR VIEW With last week’s rebound, the local market was able to get back above the 6,700 level and even went past its 10-day exponential moving average. While room for bargain hunting is still seen as a lot of stocks … Continue reading →

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On Balance: Daily Notes for May 20, 2022

Posted on May 20, 2022 by research

OUR VIEW Trade cautiously while the market digests the policy rate hike of the BSP by 25 bps and also the revision of the inflation forecasts to 4.6% this year from the previous projection of 4.3% this year. From a … Continue reading →

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On Balance: Daily Notes for May 19, 2022

Posted on May 19, 2022 by research

OUR VIEW Sell on rally amid uncertainties in the market. Investors are expected to await the Bangko Sentral ng Pilipinas (BSP) meeting this afternoon. In the meeting, some anticipated that the BSP will raise key rates already given the rising … Continue reading →

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On Balance: Daily Notes for May 18, 2022

Posted on May 18, 2022 by research

OUR VIEW Continue to trade cautiously. Yesterday, the Department of Health (DOH) confirmed the local transmission of Omicron sub-variant BA.2.12.1 in the country. According to the experts, the said variant spreads easily as it is more transmissible than BA.2. If … Continue reading →

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On Balance: Daily Notes for May 17, 2022

Posted on May 17, 2022 by research

OUR VIEW Trade cautiously as the global markets, including the local bourse, struggle to gain bullish momentum amid multiple headwinds. Overseas, China’s economy has been reopening, however, some of its economic data failed to meet expectations following its restrictions. Meanwhile, … Continue reading →

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On Balance: Weekly Notes for May 16, 2022

Posted on May 16, 2022 by research

OUR VIEW With its fall last week, the market has so far been moving in line with the prediction of its Death Cross which appeared last May 6, 2022. With already 5 straight days of decline, we may see bargain … Continue reading →

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On Balance: Daily Notes for May 13, 2022

Posted on May 13, 2022 by research

OUR VIEW Accumulate on dips after the market decline for four straight days amid the possibility of a technical bounce. However, still, be cautious given the uncertainties in the economy. On the data front, despite having a surprising first-quarter GDP … Continue reading →

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On Balance: Daily Notes for May 12, 2022

Posted on May 12, 2022 by research

OUR VIEW Still, continue to trade cautiously. Investors will be digesting the first-quarter economic growth data of the country that will be out today. Philstocks projects real gross domestic product (GDP) to have grown by 6.8% y/y driven by low … Continue reading →

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On Balance: Daily Notes for May 11, 2022

Posted on May 11, 2022 by research

OUR VIEW Trade cautiously while investors are still monitoring the election results at home. Most results have already been posted while for the others, we can already see who is leading the race. Overseas, most markets are in the red … Continue reading →

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