Monthly Archives: August 2016

Bird Watch, August 15, 2016

Posted on August 15, 2016 by research

PSEi Composite Index PSEi ended the week on below the psychological level of 8,000 points, and declined a meager 14.49 points or about 0.18% week-on-week. The previous week’s trading session were mired with events that exposed the index to political, … Continue reading →

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Daily Notes, August 15, 2016

Posted on August 15, 2016 by research

MARKET SUMMARY The PSEi went down by 25.49 points or 0.32% with a net foreign selling of 73K. The broader All shares index fell 19.59 points or 0.41%. Most sectors ended negative except for Services with 36.92 points or 2.38%. … Continue reading →

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Market Daily for Monday, 15 August 2016

Posted on August 15, 2016 by research

HIGHLIGHTS: Foreign portfolio investment net inflows hit US$1.1bn in July, up 143% y-o-y LTG 1H16 net income up 28% to PhP4.6bn on revenue gains, trading at discount JGS 1H16 net income up 31% to PhP17.5bn on CEB and petrochems; above … Continue reading →

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Philstocks initiates coverage on 8990 Holdings, Inc. ($HOUSE): targets P10.50

Posted on August 15, 2016 by research

Highlights: $HOUSE’s earnings is expected to grow by an average of 20.0% in the next three years. This makes $HOUSE the fastest growing home builder in the Philippines. $HOUSE has created a virtuous cycle in housing finance by providing banks … Continue reading →

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Bird Watch, August 12, 2016

Posted on August 12, 2016 by research

PSEi Composite Index PSEi once again breached below the key 8,000 psychological level as the index continue to wobble either above or below the key level. A confluence of events affecting various index stocks ranging from disappointing earnings, private placements, … Continue reading →

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Daily Notes, August 12, 2016

Posted on August 12, 2016 by research

MARKET SUMMARY PSEi had its second day slump. The local barometer erased 70.05 points or about -0.87%, and in the process broke below the key 8,000 psychological level. Season of earnings report is about to end and most of the … Continue reading →

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Daily Notes, August 11, 2016

Posted on August 11, 2016 by research

MARKET SUMMARY PSEi ended in the trading session in the red, the decline though was muted. Aside from the main index, 2 more sub-indices were also in the red, while the remaining indices were in the green. Notable index movers … Continue reading →

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Bird Watch, August 10, 2016

Posted on August 10, 2016 by research

PSEi Composite Index PSEi resumes its climb and has broken through the key 8000 level. Negative momentum is tapering as indicated by the MACD indicator. It may potentially suggest that profit taking action is about to end once the MACD line crosses above the signal line. Current market condition … Continue reading →

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Daily Notes, August 10, 2016

Posted on August 10, 2016 by research

MARKET SUMMARY The PSEi went up 61.48 points or 0.77% with a net foreign buying of 320K. The broader All shares index rose 61.48 points or 0.77%. Most sectors ended positive except for Services together with Mining and Oil sector … Continue reading →

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Market Daily for Wednesday, 10 August 2016

Posted on August 10, 2016 by research

HIGHLIGHTS: ICT 1H16 net income of US$87.3m down 13% y-o-y but ahead of expectations JFC 1H16 net income up 18% to PhP3.1bn on stronger sales; margins improve SSI 1H16 net income drops 59% to PhP241m on high inventory costs; margins … Continue reading →

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