Monthly Archives: November 2016

Philstocks initiates coverage of Global Ferronickel Nickel Holdings, Inc. ($FNI): targets P5.25 (Buy)

Posted on November 22, 2016 by research

Be equipped with the right knowledge and become an informed and effective trader! -FNI reported that 3Q16 earnings reached P288.1m improving on the losses of P191.0m incurred in 2Q16. This brings 9m16 earnings to P7.0m. For 2016, we downgrade our … Continue reading →

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Economic Update: Foreign portfolio investments

Posted on November 22, 2016 by research

October and year-to-date net flows in the positive thanks to strong  inflows in 2Q16; but a sharp acceleration of outflows in 3Q16, triggered by threats of a US Fed rate hike and anti-US pivot by the Philippines, may keep flows … Continue reading →

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Daily Notes: November 22, 2016

Posted on November 21, 2016 by research

Market Summary The PSEi dropped down by 88.67 points or 1.25% with a net foreign selling of 694M. The broader All shares index decreased by 31.66 points or 0.74%. All sectors ended negative, Property sector together with Mining and Oil … Continue reading →

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Technical Guide, November 21, 2016

Posted on November 21, 2016 by research

Be equipped with the right knowledge and become an informed and effective trader! We are glad to share this technical guide report exclusive only to our dear clients. This is part of our advocacy of providing continuing education to help … Continue reading →

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Daily Notes: November 21, 2016

Posted on November 18, 2016 by research

Market Summary The PSEi went up a little by 17.61 points or 0.25% with a net foreign selling of 868M. The broader All shares index increased by 11.88 points or 0.28%. All sectors ended positive except for Property sector and … Continue reading →

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Economic Update: 3Q16 National Accounts

Posted on November 18, 2016 by research

3Q16 GDP growth +7.1% vs. +6.2% Output accelerates from 6.2% last year and 7.1% in 2Q16, faster than 6.7% expectation; growth driven by manufacturing, service, recovering agri sectors; household consumption remains solid as investments continue to surge; trade growth declining … Continue reading →

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Daily Notes: November 18, 2016

Posted on November 17, 2016 by research

Market Summary The PSEi went up by 83.84 points or 1.20% with a net foreign buying of 63M. The broader All shares index decreased by 30.95 points or 0.73%. All sectors ended positive, Property sector and Industrial sector had the … Continue reading →

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Company Update: JOLLIBEE FOODS CORP. (JFC) 9M16 results

Posted on November 17, 2016 by research

Company Update: JOLLIBEE FOODS CORP. (JFC) 9M16 results 9M16 net income up 10% y-o-y to PhP4.4bn from revenues of PhP82.bn, up 13% y-o-y on higher domestic and international sales; Same store sales growth up 14% but international by 6.5% on … Continue reading →

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Daily Notes: November 17, 2016

Posted on November 16, 2016 by research

Market Summary Trump’s rhetorics on illegal immigrants and protectionism will likely affect the country’s OFW remittances and BPO revenues. These are sentiments that we need to live with as the market adjusts to the new norm. It is interesting to … Continue reading →

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Philstocks ACTS: November 16, 2016

Posted on November 16, 2016 by research

PSEi Composite Index Technical picture of the index has not improved even a little bit, and in fact it has deteriorated further by plunging and over extending below the lower limits of the downtrend channel. Possible reprieve in sight, but … Continue reading →

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