Monthly Archives: August 2014

Accord Capital Highlight, August 19, 2014

Posted on August 19, 2014 by research

Asian markets and the local bourse should find a more stable footing when investors return to the floor on Tuesday as US and European equities appear poised to post a good opening for this week’s trading. The earnings season officially … Continue reading →

Comments Off

Market Daily for Tuesday, 19 August 2014

Posted on August 19, 2014 by LawrenceAaron_DeLeon

August 19, 2014 HIGHLIGHTS: CPG 1H14 net income at PhP1.06bn, slightly higher from 1H13 STI forms partnership with TATA Consultancy to develop its business courses AT 1H14 net income up 32% to PhP989m on revenues JFC sales jump 28% on … Continue reading →

Comments Off

COMPANY UPDATE: PHILEX MINING CORP (PX)

Posted on August 18, 2014 by research

COMPANY UPDATE: PHILEX MINING CORP (PX) 1H14 net income down 32% y-o-y to PhP559m on rising production costs from aging Padcal mine despite spike in output and revenues (+38% to PhP5.8bn); likely to see flat to thinner margin growth until … Continue reading →

Comments Off

Accord Capital Daily Highlight, August 15, 2014

Posted on August 15, 2014 by research

Based on FS uploaded at edge.com.ph, 23 of the 30 PSEI counters have submitted 1H reports. 18 posted higher year-on-year revenue at an average rate of 30.4%, 5 reported lower numbers yoy averaging -12%; 14 reported better profits with a … Continue reading →

Comments Off

Market Daily for Friday, 15 August 2014

Posted on August 15, 2014 by research

August 15, 2014 HIGHLIGHTS: Foreign portfolio investment net inflows up to $321m from $44m JGS 1H14 core net income better-than-expected PhP10.3bn PGOLD 1H14 falls 7% to PhP1.7bn on rising costs RRHI 1H14 up 26% to PhP1.4bn on sales AC 1H14 … Continue reading →

Comments Off

PSEi, August 14, 2014

Posted on August 14, 2014 by research

TECHNICAL GUIDE: Based on August 13, 2014 closing levels AUGUST 14, 2014_THURSDAY_TECH GUIDE

Comments Off

Accord Capital Highlight, August 14, 2014

Posted on August 14, 2014 by research

Wednesday’s trades magnified two important things: 1) that investors are hanging on to positive hopes for the market’s future; and 2) the preponderance of emerging external risks, and, to a certain degree those rising at the domestic end, have not … Continue reading →

Comments Off

MSCI Philippines Index weighting

Posted on August 14, 2014 by research

There were no new additions or deletions in MSCI’s Philippine Index this quarter. However, there were changes in some stock weightings as listed below: Weight decrease: URC -1.01% JGS -0.94% SM -0.90% AEV -0.79% SMPH -0.76% BPI -0.55% JFC -0.54% … Continue reading →

Comments Off

June Philippine Exports up 21%

Posted on August 12, 2014 by research

Philippine exports in June jumped 21% year-on-year to US$5.4bn from US$4.5bn in the same month last year on rising demand for electronic products. June’s export growth is faster than the 6.9% rate recorded in May and also higher than the … Continue reading →

Comments Off

Accord Capital Highlight, August 12, 2014

Posted on August 12, 2014 by research

Earnings have not been as stellar as they were last year, although bottom-lines are generally still expanding. Monday’s releases however are more in line with expectations — providing positive spin to trades.Property counters Ayala Land, Inc. [pse: ALI] and Megaworld … Continue reading →

Comments Off