Monthly Archives: April 2013

Accord Capital Daily, Wednesday, April 10, 2013

Posted on April 10, 2013 by research

The PSEI made three attempts sustain a push past the 6,740-line, including a strong rebound off the day’s low that tested the 6,700-support, but failed to get enough traction, finishing the day with a minimal 5.08-points rise. Coupled with the … Continue reading →

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Market Daily for Wednesday, 10 April 2013

Posted on April 10, 2013 by LawrenceAaron_DeLeon

April 10, 2013 HIGHLIGHTS: ADB hike Phil forecast growth to 6% this year on consumption, investment CPG targets PhP3.0bn income by 2015 on property sales, landbanking PXP increases ownership in Pitkin Petroleum to 50.3% after share purchase EDC resumes operation … Continue reading →

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Economic Update: March 2013 Inflation

Posted on April 8, 2013 by LawrenceAaron_DeLeon

Inflation March 2013 Inflation rate for March dips to 3.2% from 3.4% in February.  

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Accord Capital Daily, Friday, April 5, 2013

Posted on April 5, 2013 by research

MARKET COMMENTARY AT YESTERDAY’S REPORT, we pointed to the charts to illustrate the shifting sentiments that drive the market. Roughly the first 40 days was marked by a seemingly unstoppable rise by the PSEI enroute to several rewritings of the … Continue reading →

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Market Daily for Friday, 5 April 2013

Posted on April 5, 2013 by LawrenceAaron_DeLeon

April 5, 2013 HIGHLIGHTS: PBB reports 2012 net income of PhP654m on trading gains LTG acquires more PNB, Fortune Tobacco shares; closes Tanduay facility in Manila CBC to delist shares from PSE SMC and PAL confirm joint venture in Cambodian … Continue reading →

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Accord Capital Daily, Thursday, April 4, 2013

Posted on April 4, 2013 by research

Interest rates conducive for borrowing, lending volumes. Philippine interest rates are at historic lows with the benchmark 91-day T-Bills fetching0.04% at the last auction, slicing half of the previous level of 0.08%. Yields for longer-term tenors, 182-days and 364-days, also … Continue reading →

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Market Daily for Thursday, 4 April 2013

Posted on April 4, 2013 by LawrenceAaron_DeLeon

April 4, 2013 HIGHLIGHTS: Government’s fiscal deficit in February swells to PhP11.7bn from surplus last year MEG to invest PhP65bn for Uptown Bonifacio project until 2023 CEB to begin direct flights between Cebu and Taipei in 3Q13 AP to refund … Continue reading →

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Market Daily for Wednesday, 3 April 2013

Posted on April 3, 2013 by LawrenceAaron_DeLeon

April 3, 2013 HIGHLIGHTS: March inflation rate expected flat at 3.4% CAL enters distribution agreement with Agroservicios of Argentina APX confirms two mining agreements in Compostela Valley BCOR plans to open Mazda production plant in Philippines ORE plans smelting plant … Continue reading →

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Accord Capital Daily, Tuesday, April 2, 2013

Posted on April 2, 2013 by research

The PSEI surged by as much as 109.45 points stopping 43.08 points short of the 7,000-mark approaching the final hour to the noon break. Except for the escalation of the “war rhetoric” by North Korea, investors were served a menu … Continue reading →

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Market Daily for Tuesday, 2 April 2013

Posted on April 2, 2013 by LawrenceAaron_DeLeon

April 2, 2013 HIGHLIGHTS: New construction permits grow 13.5% y-o-y to 28,000 in 4Q12 on residential projects SECB 2012 net income up 12% to PhP7.5bn CPG Century City Mall in Makati to open 4Q13 COAL sees more coal reserves in … Continue reading →

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