Monthly Archives: August 2015

COMPANY UPDATE: Travellers International Hotel Group (RWM)

Posted on August 18, 2015 by research

RWM 1H15 Results 1H15 net income lower-than-expected P2.4bn, down 18% y-o-y on weak casino volumes and higher junket costs; Gross gaming revenue (GGR) down 8% y-o-y on 37% decline in VIP; may see further drop and margin pressures due to … Continue reading →

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Accord Capital Daily Highlight, August 18, 2015

Posted on August 18, 2015 by research

COMPANY REPORT August 2015: The Philippine Stock Exchange [PSE] Second Quarter/First Semester Performance Operating revenue, Pre- and After- Tax Net Incomes declined during the first six months of 2015 compared to the same period last year.  Operating revenue @ … Continue reading →

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Accord Capital Weekly Highlight, August 17 to 21, 2015

Posted on August 17, 2015 by research

OUTLOOK: TECHNICAL & FUNDAMENTAL CONSIDERATIONS play into the trading equations moving into week 34. These factors a briefly mentioned in this box and are further detailed in another part of this report. A death cross emerged in the market’s long-term … Continue reading →

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Market Daily for Friday, 14 August 2015

Posted on August 14, 2015 by research

August 14, 2015 HIGHLIGHTS: Monetary Board keeps key policy rates unchanged Merchandise exports dip 3.3% in June for 3rd straight month BLOOM posts a 1H15 loss of P1.3bn on expansion costs FLI 1H15 net income up 15% to P2.3bn on … Continue reading →

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Accord Capital Daily Highlight, August 14, 2015

Posted on August 14, 2015 by research

OUTLOOK: FRIDAY presents investors with the last day to find a positive impetus that could end the week on a brighter note – or at least a less bearish one – as the mandated deadline for the 2Q and 1H … Continue reading →

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COMPANY UPDATE: Corporate foreign debt

Posted on August 13, 2015 by research

Corporate foreign debt August 2015 Corporate foreign debt continued to increase last year on economic growth and expansion but the recent fall of the peso following the surprise yuan devaluation exposes PSEi shares with high foreign debt levels

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COMPANY UPDATE: ICTSI First half 2015 results

Posted on August 11, 2015 by research

ICT 1H15 Results 1H15 net income flat, recurring net up 20% to $101.9m on 9% increase in volume handled of 3.9m TEUs and 8% rise in revenues to $552m; capex to accelerate in 2H15 for new terminals. HOLD.

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Accord Capital Daily Highlight, August 11, 2015

Posted on August 11, 2015 by research

Market flat on thin leads THE TRADING WEEK STARTED OFF ON A POSITIVE NOTE, a good welcome for SBS Philippines Corporation [pse: SBS]. But the burden to sustain rallies remained heavy, keeping a lid on sentiments. By the end of … Continue reading →

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Market Daily for Monday, 10 August 2015

Posted on August 10, 2015 by research

August 10, 2015 HIGHLIGHTS: Philippines GIR down slightly on gold and forex revaluation EW reports 1H15 net of PhP1.0bn, up 4% y-o-y JFC 1H15 net income up 7% to PhP2.7bn on sales but below expectation as margins dip ALI 1H15 … Continue reading →

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Accord Capital Weekly Highlight, August 10 to 14, 2015

Posted on August 10, 2015 by research

OUTLOOK FOR WEEK 32: Attention should shift back to fundamentals when trades reopen on Monday, although activity may be tempered going into the Ghost Month which begins Friday, August 14. If the early reports that have come out are any … Continue reading →

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