Monthly Archives: August 2015

Market Daily for Friday, 7 August 2015

Posted on August 7, 2015 by research

August 7, 2015 HIGHLIGHTS: Government’s budget balance swings to surplus of PhP13.7bn in 1H15 on underspending SM 1H15 net income up 10% to PhP13.5bn; below estimates GMA7 1H15 reports better than expected 1H15 net of PhP1.1bn, up 89% y-o-y  

Comments Off

Accord Capital Daily Highlight, August 7, 2015

Posted on August 7, 2015 by research

PHILIPPINE CONSUMER PRICES ROSE AT A 0.8% YEAR-ON-YEAR PACE IN JULY the slowest pace in two decades. It fell within the BSP’s expectations of between 0.5% and 1.3%, and missed the lower end of our own projections of between 0.9% … Continue reading →

Comments Off

ECONOMIC UPDATE: July 2015 Consumer price index

Posted on August 6, 2015 by research

Inflation rate July 2015 JULY INFLATION RATE FALLS TO 0.8% Headline inflation rate slows to 20-year low from 1.2% in June on slower food price increases and decline in utility prices; year-to-date average of 1.9% dips below minimum target range; … Continue reading →

Comments Off

COMPANY UPDATE: SM Prime Holdings, Inc (SMPH)

Posted on August 5, 2015 by research

SMPH 1H15 Results COMPANY UPDATE: SM Prime Holdings, Inc (SMPH) 1H15 core net income of P11.2bn is up 14% y-o-y, inline to meet full-year estimates; margins improve on cost management; to open new malls and launch residential projects this year … Continue reading →

Comments Off

Market Daily for Tuesday, 4 August 2015

Posted on August 4, 2015 by research

August 4, 2015 HIGHLIGHTS: Outstanding loans of banks unchanged in June as household loans slow down MEG to build a major financial center in Iloilo Business Park MPI reports better-than-expected 1H15 core net of PhP5.9bn, up 27% y-o-y SMPH posts … Continue reading →

Comments Off

Accord Capital Daily Highlight, August 4, 2015

Posted on August 4, 2015 by research

MARKET WRAP (AUGUST 3, 2015) SHARE PRICES DUG A SHALLOW HOLE at the opening of trades Monday, but neither bulls nor bears took definitive control. Overnight leads (Friday) were rather thin with US stocks posting relatively weak closes and so … Continue reading →

Comments Off

Accord Capital Weekly Highlight, August 3 to 7, 2015

Posted on August 3, 2015 by research

Prices are off their peak: Out of the 21 sessions for the month of July (see chart), the market rose 13 times by an average of 30.89 points. In the eight (8) sessions it moved in the opposite direction, the … Continue reading →

Comments Off