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Daily Archives: November 22, 2016
Philstocks initiates coverage of Global Ferronickel Nickel Holdings, Inc. ($FNI): targets P5.25 (Buy)
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
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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