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 17, 2019

Posted on July 17, 2019 by research

OUR VIEW Trade as we see the market to move sideways amid positive sentiments, but profit taking may continue to drag the market to 8,200. Cumulative sales for vehicle importers continued to be more optimistic as it sold a total … Continue reading →

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On Balance: Daily Notes for July 16, 2019

Posted on July 15, 2019 by research

OUR VIEW Continue to accumulate as we break the 8,300 level, but profit taking could be a downside risk. Governor Benjamin Diokno said that the expected rate cut of Fed would give more room for the BSP to ease monetary … Continue reading →

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On Balance: Trading Guide for July 15 to 28, 2019

Posted on July 15, 2019 by research

Philstocks Trading Guide We are glad to share this Philstocks Trading Guide to help you widen your trading opportunities and become a more effective stock market trader. Stocks on focus: FLI, PCOR, and SSI For the full research,  kindly go here: On Balance … Continue reading →

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On Balance: Weekly Notes for July 15, 2019

Posted on July 14, 2019 by research

Our View Trade within 8,000 to 8,200, as we think that investors would be in a wait-and-see mode that the index may settle in this range. Equity markets were only fueled by expectation of an accommodative policy; however, some economic … Continue reading →

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On Balance: Daily Notes for July 12, 2019

Posted on July 12, 2019 by research

OUR VIEW We favor trading as investors may continue to digest signals of US and PH Central banks to cut interest rates that may lift the market, but investors, at the same time, may fill the gap from yesterday’s session. … Continue reading →

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On Balance: Daily Notes for July 11, 2019

Posted on July 10, 2019 by research

OUR VIEW Cautiously accumulate shares as the market tests the 8,100 resistance level while in search of a catalyst. Fed Chair Jerome Powell’s speech takes center stage to give US monetary direction clues, could raise equity markets if it hints … Continue reading →

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On Balance: Daily Notes for July 10, 2019

Posted on July 10, 2019 by research

OUR VIEW Accumulation would best since the index is near on its support. We expect bargain hunting to prevail. Government spending on infrastructure slightly recovered in May. It jumped by 5.9% to P61.5 billion from P58.1 billion y/y. The government … Continue reading →

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On Balance: Daily Notes for July 9, 2019

Posted on July 9, 2019 by research

OUR VIEW Trade for now since the market may move sideways as there were no strong catalyst for a breakout. Gross borrowings of the government hit P126.08 billion in May, bulk of which came from foreign. HSBC: Gov’t may hit … Continue reading →

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On Balance: Weekly Notes for July 8, 2019

Posted on July 8, 2019 by research

Our View Slower inflation data may still spill over this week and we see an upward bias. However, stronger catalyst is needed to stay above 8,100 level. Trading range this week could be at 7,950 – 8,200.  June inflation … Continue reading →

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On Balance: Daily Notes for July 5, 2019

Posted on July 5, 2019 by research

OUR VIEW Ride on the possible break-out to 8,100, if the inflation data would be within or lower-than expectation. Our June inflation forecast is at 2.8%. BSP’s inflation forecast at 2.2% to 3.0%. US Market is closed as they celebrate … Continue reading →

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