Monthly Archives: April 2013

Accord Capital Daily, Friday, April 19, 2013

Posted on April 19, 2013 by research

Technical analysts are left to drawing projection lines onto clean sheets, stretching historical parallels, even as a good number balk at the exercise, confined to interpreting chart patterns on the basis of conventions and norms. Yet, even as underlying indicators … Continue reading →

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Market Daily for Friday, 19 April 2013

Posted on April 19, 2013 by LawrenceAaron_DeLeon

April 19, 2013 HIGHLIGHTS: BSP relaxes forex rules to help stabilize Peso rate AC unit and TA agree to buy power from JV firm VUL board approves corporate change into National Book Store ICT to spend capex on port developments … Continue reading →

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Market Daily for Thursday, 18 April 2013

Posted on April 18, 2013 by LawrenceAaron_DeLeon

April 18, 2013 HIGHLIGHTS: IMF lifts Asia region economic growth for 2013 LTG completes PhP37.7bn share sale to institutional investors EDC wind farm begins construction, to operate next year ALI to introduce new affordable hotel chain 2014 Valuation table  

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Accord Capital Daily, Wednesday, April 17, 2013

Posted on April 17, 2013 by research

The main Philippine share index closed -51.44 points lower to 6786.33, extending Monday’s decline off the 25th record for the year Friday. The weakness was fairly evident off the starting block with the measure plunging -114.64 points to the session’s … Continue reading →

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Market Daily for Wednesday, 17 April 2013

Posted on April 17, 2013 by LawrenceAaron_DeLeon

April 17, 2013 HIGHLIGHTS: SMPH 1Q13 net income climbs 15% to PhP2.8bn on rental revenues GLO to borrow additional US$120m in 1H13 for capex ALI to buy another 32% stake in BPO office developer STI to acquire West Negros University … Continue reading →

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Accord Capital Daily, Tuesday, April 16, 2013

Posted on April 16, 2013 by research

MARKET COMMENTARY IT HAS BECOME EVIDENT IN THE LAST SEVEN WEEKS that the once dominant bull has lost some of its strength. Alternatively, the bears have gained a decent foothold. In fact, in the preceding 35 sessions, the market closed … Continue reading →

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Market Daily for Tuesday, 16 April 2013

Posted on April 16, 2013 by LawrenceAaron_DeLeon

April 16, 2013 HIGHLIGHTS: Remittances in February climb 6.9% y-o-y to US$1.9bn; up 7.5% year-to-date SMC bags NAIA Expressway contract for PhP11bn NIKL sells less nickel in 1Q13 on weak demand SPH 2012 net income up 7% to PhP92m GERI … Continue reading →

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Accord Capital Daily, Monday, April 15, 2013

Posted on April 15, 2013 by research

MARKET COMMENTARY OUR OUTLOOK for the entire year has not changed. We remain bullish – even more so after the PSEI hit the lower end of our full-year forecast band of 6,800 to 7,200.So far, most of the assumptions we … Continue reading →

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Market Daily for Friday, 12 April 2013

Posted on April 12, 2013 by LawrenceAaron_DeLeon

April 12, 2013 HIGHLIGHTS: Foreign direct investments in January fall 48% to US$576m Foreign portfolio investments in March up 10% m-o-m to US$2.3bn TSI to change primary purpose to holding company, prepare for backdoor listing? DMC declares regular and special … Continue reading →

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Economic Update: February 2013 Exports

Posted on April 11, 2013 by LawrenceAaron_DeLeon

Exports February 2013 February exports drop 15.6% year-on-year on weak electronics

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