Monthly Archives: May 2019

Our View The rally may continue since the first stage of RRR cut will be implemented and also, the government expects signed business deal from the President’s Japan trip which would support PH growth. We advised investors to ride on … Continue reading →

Our View Trade cautiously as US-China trade tensions may linger, since US put China on watch list of currency manipulator and Huawei files new legal action against US government. US Treasury yields lower this month as trade war worsens and … Continue reading →

Our View Since the market ended with gains, it is advisable to profit take considering expectation that the market would decline, as investors digest MSCI Rebalancing. Progress in US-Japan trade deal gives investors optimism. Brent crude oil prices are above … Continue reading →

Our View Weak volume and net foreign selling would likely to continue as investors find no fresh catalyst, and could bring the market in sideways movement. BoJ Kuroda said in his speech that economic outlook is highly uncertain, and downside … Continue reading →

Our View Prudence is the better part of valor. That may be what the market calls for at this time. Though government and more than a handful of experts continue to express confidence on an “all’s well” scenario going forward, … Continue reading →

Our View Escalating trade tensions between US and China may continue to linger in the Philippine market since trade talks to settle the dispute still uncertain and Huawei restrictions worsens the trade negotiations, this could bring down the local bourse. … Continue reading →

Our View We think that the market may sustain the momentum as US lifts ban of Huawei in US amid talks on trade issues with China. Investors seems to be shrugging off these negative catalysts and seeking for riskier asset … Continue reading →

Our View Cautiously adjust portfolios towards second liners with strong fundamentals including but not limited to PNB, EW, DD, DMW, HOUSE, and CLI, as foreign investors unload most index stocks amid ongoing risks. Defensive issues such as FGEN and MER … Continue reading →

Our View Hold for now as the market tests the 7,700 level while global concerns remain on the backdrop. Prevailing risks to the market include: US – China tensions amid Huawei supply freeze. Higher oil prices due to OPEC+’s output … Continue reading →

Our View Buy cautiously on dips as global worries point to sideways movement with a bias towards the 7,500 support. Resistance is at the 200-day EMA or 7,732.75. Dimmed US – China negotiations and Brexit talks dampens global economic outlook. … Continue reading →