Monthly Archives: March 2017

Initial Public Offering: Wilcon Depot, Inc. (WLCON)

Posted on March 23, 2017 by research

Wilcon Depot Inc IPO Offer price: P5.05 Offer shares: 1,393.91 million Offer size: P7,039.25 million Rating: Subscribe Home improvement retailer offering 1.39 billion new shares and raise PhP7.04bn for network expansion and debt repayment. With 36 stores in operation, WLCON … Continue reading →

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Daily Notes: March 23, 2017

Posted on March 23, 2017 by research

Market Summary The PSEi went down by 68.38 points or 0.93% with net foreign selling of 958M. The broader All shares index decreased by 36.34 points or 0.83%. All sectors ended negative, Services sector and Holding Firms had the biggest … Continue reading →

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Daily Notes: March 22, 2017

Posted on March 22, 2017 by research

Market Summary The PSEi ended positive today at 7,323.31 up by 6.74 points or 0.09%. Advancers and decliners are even at 98 while 46 issues ended unchanged. Three counters ended positive and three counters declined, Service sector being the top … Continue reading →

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Daily Notes: March 20, 2017

Posted on March 21, 2017 by research

Market Summary Index falls another day despite the market having a strong start during market open. Market lost ground in the middle of the day and ended the day with negative 28 points. Market still managed to be down only … Continue reading →

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Market Daily for Friday, 17 March 2017

Posted on March 17, 2017 by research

HIGHLIGHTS: Foreign portfolio investments reversed to a net outflow of US$409m in February RWM 2016 net income down 15% to PhP3.4bn on weak gaming revenues Full Research - March 17, 2017  

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Economic Update: 2016 Foreign direct investments (FDI)

Posted on March 14, 2017 by research

FDI up 41% from US$5.63bn in 2015 on improved economic fundamentals and outlook. However, Philippine FDI accounted for single digit of ASEAN FDI pie last year. Increasing uncertainties from the US coupled with domestic concerns may dampen investment growth moving … Continue reading →

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Company Update: Aboitiz Equity Ventures, Inc. (AEV) 2016 results

Posted on March 10, 2017 by research

Price: PhP73.10 Rating: Neutral 2016 net income up 27% to PhP17.7bn on power, banking, infra contributions but food and property segments disappoint. Power outlook is modest due to new projects with infra segment adding potential long-term growth driver. Risks include … Continue reading →

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Economic Update: February inflation rate jumps to 3.3%

Posted on March 8, 2017 by research

Headline inflation rate is highest in 27 months due to faster food, utility and fuel prices; core inflation up to 2.7% from 2.5%. Combination of higher electricity, oil prices and weaker peso plus to possibility of US rate hikes conspire … Continue reading →

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Daily Notes: March 6, 2017

Posted on March 6, 2017 by research

Market Summary Local market extended its rally for another day when it closed higher near the last minute of the trading session. For most part of the day the local market followed the dismal performance of its neighboring Asian bourses, … Continue reading →

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Company Update: Philab Holdings Corp. (DNA) Follow on offering

Posted on March 3, 2017 by research

Offer price: PhP3.25 to 6.25 per share Offer shares: 500 million Offer date: April 2017 Formerly Alterra Capital Partners, DNA prepares for follow-on offering set this April. With an offer price of between PhP3.25 to 6.75, it will raise up … Continue reading →

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