Monthly Archives: May 2014

COMPANY UPDATE: Emperador, Inc. (EMP)

Posted on May 15, 2014 by LawrenceAaron_DeLeon

EMP-Whyte&Mackay deal Brandy-maker buys 100% of Scottish whisky maker Whyte & Mackay for GBP430m (PhP31.6bn) in an all-cash deal. Purchase to expand liquor footprint, boost long-term earnings. BUY ON WEAKNESS. Price target: PhP12.76 Upside: 8.8%

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Accord Capital Highlight, May 15, 2014

Posted on May 15, 2014 by research

PHILIPPINE SHARES are having a good run so far this year – despite voices of concern that greeted the year in light of Yolanda’s wake. This in fact sounds like an understatement. With still a month-and-a-half in the balance for … Continue reading →

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PSEi, May 14, 2014

Posted on May 14, 2014 by research

TECHNICAL GUIDE: Based on May 13, 2014 closing levels TECH GUIDE for MAY 14, 2014_WEDNESDAY

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Accord Capital Highlight, May 14, 2014

Posted on May 14, 2014 by research

As the US earnings season begin to unwind, the impetus has not been as strong as many believed. Nevertheless, with more than half of the firms that have released reports showing better-than-forecast numbers, there is little reason – at least … Continue reading →

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Accord Capital Highlight, May 13, 2014

Posted on May 13, 2014 by research

“Philippine inflation remains within the BSP’s forecast range, even as it rose to 4.1% in April from 3.9% in March. The year-to-date level also stands at 4.1% against the government’s official 2014 target band of 4.0% +/- 1.0 percentage point. … Continue reading →

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Market Daily for Tuesday, May 13, 2014

Posted on May 13, 2014 by research

May 13, 2014 HIGHLIGHTS: FGEN to secure long-term US$ loan from German state-bank URC FY1H14 net income up 14% to PhP6.2bn, better than expected GTCAP power unit Global Business Power to increase portfolio SMC 1Q14 net income down 49% to … Continue reading →

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PSEi, May 12, 2014

Posted on May 12, 2014 by research

TECHNICAL GUIDE: Based on May 9, 2014 closing levels TECH GUIDE for MAY 12, 2014_MONDAY

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Accord Capital Highlight, May 12, 2014

Posted on May 12, 2014 by research

This year’s action for the first five months mirror the movement (trend) drawn last year, albeit at a “slower” pace and at an obviously less steep slope. The similarities are not to be ignored. In both years, February turned in … Continue reading →

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Market Daily for Friday, 9 May 2014

Posted on May 9, 2014 by LawrenceAaron_DeLeon

May 9, 2014 HIGHLIGHTS: Philippines gets new rating upgrade from S&P, 2 levels above junk BSP keeps key interest rates unchanged but hikes reserve rates by 1pt MEG to put up five luxury hotels in Mactan township project GSM on … Continue reading →

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Accord Capital Highlight, May 7, 2014

Posted on May 7, 2014 by research

The PSEI started off the session in negative territory but managed to climb to thin gains at the noon recess. This much was the pattern it followed through yesterday’s (Monday) session and likewise the Dow’s pattern overnight. The index swung … Continue reading →

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