Monthly Archives: February 2014

Accord Capital Highlight, February 10, 2014

“Thursday, January 6th, the January inflation number came out at 4.2%, nearly tipping the upper end of the BSP’s 3.4% to 4.3% estimate and inching higher from December’s 4.1% pace.Despite this, consumer prices have remained practically stable, a key component … Continue reading

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Market Daily for Monday, 10 February 2014

February 10, 2014 HIGHLIGHTS: GIR falls 5.2% to US$78.9bn in January, a 19 month low Metro Manila land values increase in 3Q13 on demand JGS begins PhP15bn long-term bond sale this week NXT drops plan to merge with VuQo ALPHA … Continue reading

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PSEi, February 7, 2014

TECHNICAL GUIDE: Based on February 6, 2014 closing levels 07_FRIDAY

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Accord Capital Highlight, February 7, 2014

“On the micro-front, we expect corporate earnings of listed companies to sustain its 12% (broad market) and 24% (PSEI components) pace this year. As we have noted in previous reports, there is a high degree of correlation between the economy … Continue reading

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Accord Capital Highlight, February 06, 2014

SHARE PRICES ROSE Wednesday, snapping a three-session, -183.83 points (-3.03%) slide, as investors took their cue from a rebound among its peers. The PSEI booked an advance of 22.40 points (0.38%) at the close, failing to hold on to half … Continue reading

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Market Daily for Thursday, 6 February 2014

February 6, 2014 HIGHLIGHTS: January inflation rates ticks higher to 4.2% from 4.1% on food BPI 2013 net income up 15% to PhP18.8bn on interest, non-interest income MEG to increase its office space supply by 19% to 712k sqm in … Continue reading

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PSEi, February 5, 2014

TECHNICAL GUIDE: Based on February 4, 2014 closing levels 05_WEDNESDAY

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Market Daily for Wednesday, 5 February 2014

February 5, 2014 HIGHLIGHTS: BSP hints at tighter regulations on real estate loans Domestic liquidity grows at slower pace in December Outstanding bank loans expands 16% in December on higher demand SECB 2013 net income drops 33% y-o-y to PhP5.0bn … Continue reading

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Economic Update: 4Q13 National Accounts

4Q13 GDP GROWTH RATE SLOWS TO 6.5% ON EFFECTS OF TYPHOON Full-year average GDP of 7.2% beat official estimates; 2014 to be slower but expect growth in consumer and gov’t spending 4Q13 National Accounts

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Accord Capital Highlight, February 04, 2014

“Another slide in Aquino’s satisfaction ratings, expectations of stable money policy, and more evidence of a slower China growth provided the backdrop for the opening of February trades. Friday’s fall in US and European markets and a similar trend among … Continue reading

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