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 January 25, 2019

Posted on January 24, 2019 by research

Market Outlook The market has been priced in what is seems to be bad GDP figures for 2018. Nonetheless, optimism shines towards the end of the tunnel and we see that 2019 may be it. Domestic headwinds by the likes … Continue reading →

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On Balance: Daily Notes for January 24, 2019

Posted on January 23, 2019 by research

Market Outlook Valuations over PSEi may not be  attractive in terms of P/E ratio compared to Asian peers with an average P/E ratio 15x vs current PSEi 20x. Despite this, we think that easing of inflation that hurts corporate margins … Continue reading →

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On Balance_Daily Notes: January 23, 2019

Posted on January 23, 2019 by research

Market Outlook PH share may continue this movement throughout the week as investors wait for the GDP data to be released. We think that the 8000 level is a strong base to position again the rally up to 8400. But, … Continue reading →

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On Balance_Daily Notes: January 22, 2019

Posted on January 22, 2019 by research

Market Outlook Eyes are now on the GDP data which be set to release on Thursday. PH main stock index may move sideways with an upward bias of a positive outcome. Philstocks est. 6.3-6.5% for FY 2018, in line with … Continue reading →

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On Balance_Daily Notes: January 21, 2019

Posted on January 20, 2019 by research

Market Outlook BSP’s positive inflation report and the latest BOP figures may give investors a cheer. Still, we advise cautious accumulation as the local market is expected to remain volatile and susceptible to global pressures. Trading may also be sluggish … Continue reading →

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On Balance_Daily Notes: January 18, 2019

Posted on January 17, 2019 by research

Market Outlook Cautious trading is expected as investors wait for a catalyst, possibly the 2018 GDP figures. Volatility may still be present due to ongoing global concerns. Thus it is advised to remain careful. 2018 GDP will be released in … Continue reading →

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On Balance_Daily Notes: January 17, 2019

Posted on January 17, 2019 by research

  Market Outlook Wednesday’s plunge gives us the opportunity to take positions out of bargain opportunities. Still, caution is advised for the market is expected to be sluggish while under pressure from global narratives. The British Parliament’s rejection of Prime … Continue reading →

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On Balance_Daily Notes: January 16, 2019

Posted on January 15, 2019 by research

Market Outlook Without any strong local catalyst, global concerns are still expected to dominate market sentiments. Nonetheless, an accumulation bias is still seen as the local bourse continues to test its current levels. All eyes are now on the UK … Continue reading →

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On Balance_Daily Notes: January 15, 2019

Posted on January 14, 2019 by research

Market Outlook The sluggish trading may continue amid mixed sentiments, with local optimism tempered by pressures from abroad. Profit taking may also occur with the local bourse, now at the crucial 8,000 territory. Accumulation of shares is advised for the … Continue reading →

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On Balance_Daily Notes: January 11, 2019

Posted on January 11, 2019 by research

Market Outlook The main index may still hover above 7900 as bulls try to reach the 8000 levels supporting a nearing “Golden Cross” on PSEi. We think that on the short term Emerging Markets (EM) equities including PH may be … Continue reading →

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