Monthly Archives: May 2013

Market Daily for Wednesday, 22 May 2013

Posted on May 22, 2013 by LawrenceAaron_DeLeon

May 22, 2013 HIGHLIGHTS: Philippine tourism may lose 50,000 Taiwan tourists because of row PCOR completes 4-year, 1,000-station expansion push SMC to keep Bank of Commerce if sale falls through PSE to buy SGX and BAP stakes in Phil Dealing … Continue reading →

Comments Off

Accord Capital Daily, Tuesday, May 21, 2013

Posted on May 21, 2013 by research

The PSEI treaded a narrow band, peaking marginally past the 7,300-mark but failed to draw positive momentum going into and for the rest of the afternoon session, to settle at 7,275.38, -4.49 point lower. Nevertheless, the monthly gains remain a … Continue reading →

Comments Off

Market Daily for Tuesday, 21 May 2013

Posted on May 21, 2013 by LawrenceAaron_DeLeon

May 21, 2013 HIGHLIGHTS: BSP tightens access to SDA, to ease out banks’ trust accounts this year EDC signs venture deal with Canada’s Altrerra for geothermal projects TA 1Q13 net income up 295% y-o-y to PhP165m on trading revenues CPG … Continue reading →

Comments Off

Market Daily for Thursday, 16 May 2013

Posted on May 16, 2013 by LawrenceAaron_DeLeon

May 16, 2013 HIGHLIGHTS: Personal remittances growth from overseas workers slows to 2-year low JFC 1Q13 net income rises 33% to PhP895m on sales and improving margins AGI 1Q13 net income climbs 18% to PhP4.9bn on income from property and … Continue reading →

Comments Off

Accord Capital Daily, Wednesday, May 15, 2013

Posted on May 15, 2013 by research

A generally peaceful conduct of the mid-term polls that almost guarantees the President’s endorsed slate a majority of the 12-vacant Senate seats augurs well for the Executive’s legislative agenda, particularly reform initiatives, over the balance of his term. Attention now … Continue reading →

Comments Off

Accord Capital Daily, Tuesday, May 14, 2013

Posted on May 14, 2013 by research

The PSEI added 67.95 points or 0.94% to close the week at 7,262.38, its 90th record close since President Aquino held office. There were 16 new highs from July to December 2010, seven (7) in 2011, and 38 last year. … Continue reading →

Comments Off

Company Update: ICT 1Q13 results

Posted on May 14, 2013 by LawrenceAaron_DeLeon

ICT 1Q13 1Q13 net income attributable to holders up 15% y-o-y to US$40.7bn on higher revenues from tariff increase and contribution from new ports; betting on new international ports for long-term growth  

Comments Off

Market Daily for Friday, 10 May 2013

Posted on May 10, 2013 by LawrenceAaron_DeLeon

May 10, 2013 HIGHLIGHTS: Standard & Poor’s says Phil economy may overheat ICT posts 1Q13 net income of US$40.7m, inline with expectation DNL 1Q13 net income grows 19% to PhP314m on lower costs SMC to list power unit this year … Continue reading →

Comments Off

Accord Capital Daily, Thursday, May 9, 2013

Posted on May 9, 2013 by research

Last March 27, Fitch Ratings rewarded government’s stepped up efforts at fiscal discipline and reforms with an upgrade to BBB-, the lowest investment grade, from BB+, the highest junk classification. Immediately, the PSEI, the main gauge of Philippine shares, jumped … Continue reading →

Comments Off

Accord Capital Daily, Tuesday, May 7, 2013

Posted on May 7, 2013 by research

Encouraged by last week’s ratings upgrade and record levels in US equities coupled with an expected stable consumer prices, Philippines shares marched to a fresh intra-day record and looked poised to extend its run to a seventh session until the … Continue reading →

Comments Off