Monthly Archives: February 2017

Daily Notes: February 13, 2017

Market Summary Market faltered again and virtually almost wiped out the previous day’s advance as market continues it consolidation in a narrow range. Holding firm and Mining firm Indices were the weak performers of the day, while the Industrial Index … Continue reading

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Market Daily for Friday, 10 February 2017

HIGHLIGHTS: Monetary Board maintains key interest rates at meeting yesterday MAXS to drive Yellow Cab into Vietnam AC hikes investment into healthcare Full Research_February 10, 2017    

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Daily Notes: February 10, 2017

Market Summary Market regained some strength as it recovers lost ground it made in the middle of the morning session. Only two local counters are in the red, while the strongest counters of the day were the mining and service … Continue reading

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Daily Notes: February 9, 2017

Market Summary Market shaved off another round of points, despite that Month-to-date performance is still up by 0.07%. Most local counters are in the red, with service index ending the trading day in worse shape. Local market suffered another Net … Continue reading

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Philstocks ACTS: February 8, 2017

PSEi Composite Index Since the strong surge from the start to the middle of January, the index has consolidated into a coiling pattern. Judging the price action of the Index, it seems that it is still not done building a … Continue reading

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Economic Update: January 2017 inflation rate

January inflation inches up to 2.7% Headline inflation rate of 2.7% climbs to highest level in 26 months on higher non-food items. While still within the official target range of 2-4%, sustained high prices of oil may cause the headline … Continue reading

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Daily Notes: February 8, 2017

Market Summary Market retraced almost half of its gain yesterday. Just like the yesterday, the local market followed the trend of other Asian bourses lower. Decliners outpaced advancers. Mining index recovered a little bit after days of relentless declines. Net … Continue reading

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Daily Notes: February 7, 2017

Market Summary Market surged almost 1% percent and ended the day with 67.70 points. Market followed the trend of other Asian bourses higher. Transaction in the local market must have been buoyed by local transaction since net foreign transaction reversed … Continue reading

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Company Update: A. Soriano Corp. (ANS)

Price: 6.10 Rating: Neutral Acquisition of Phelps Dodge in 2015 boosted company topline to become its largest revenue contributor; to benefit from infra and construction boom. Trading at 3.7x PE and 8.2x EV/EBITDA discounts to sector peers but continues to … Continue reading

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Daily Notes: February 6, 2017

Market Summary Market ended the day with a muted return of 0.79 points or 0.01%, while week-on-week index shed 106.97 points or about -1.46%. Number of advancers is overwhelmed by the number of decliners. Mining index is still reeling from … Continue reading

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