Monthly Archives: July 2020

On Balance: Daily Notes for July 30, 2020

OUR VIEW Book some gains as the PSEi nears the resistance level or wait if the market returns above the 6,000 –mark. Instead of placing Metro Manila under Modified Enhanced Community Quarantine (MECQ), some are suggesting for localized lockdown which … Continue reading

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On Balance: Daily Notes for July 29, 2020

OUR VIEW Trade cautiously amid lack of strong catalyst in the market while waiting for the second quarter results and next quarantine guidelines after July 31. Covid-19 cases are still being monitored by the investors. Wait if the market returns … Continue reading

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On Balance: Company Report (MBT)

COMPANY REPORT PHILSTOCKS ACTION PLAN We advise buying on an accumulative basis for MBT based from its expected growth, future prospects, and valuations. We expect MBT to be an outlier within the banking sector. In our point of view, it … Continue reading

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On Balance: Daily Notes for July 28, 2020

OUR VIEW Trade cautiously amid mixed statement of the Philippine President. Telco sector may decline due to negative sentiment after the President threatened closure or government takeover of ‘lousy’ telecom firms. Meanwhile, Covid-19 cases at home continue to mount, reaching … Continue reading

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On Balance: Trading Guide for July 27 to August 7, 2020

Philstocks Trading Guide We are glad to share this Philstocks Trading Guide to help you widen your trading opportunities and become a more effective stock market trader. Stocks on focus: NIKL, LTG, and VLL For the full research,  kindly go here: On Balance_Trading Guide … Continue reading

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On Balance: Daily Notes for July 24, 2020

OUR VIEW Trade cautiously amid the possibility to breach the psychological support of 6,000 level amid slanting trend resistance, while forming descending triangle pattern. Weak trading remains as investors monitor Covid-19 cases ahead of the State of the Nation Address … Continue reading

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On Balance: Daily Notes for July 23, 2020

OUR VIEW Range trade between 6,000 and 6,200. Investors’ participation remained weak as they wait for the next quarantine guidelines which could be stricter as Covid-19 cases continue to rise. There also seems no appetite for the blue chips stocks … Continue reading

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On Balance: Daily Notes for July 22, 2020

OUR VIEW Hunt for bargains amid positive sentiment abroad brought by the vaccine hopes. But still, be cautious as most investors remained on the sidelines given the uncertainty on the next quarantine measures while Covid-19 cases in Metro Manila increasing. … Continue reading

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On Balance: Daily Notes for July 21, 2020

OUR VIEW Book some gains as yesterday’s weak rally may not be sustainable given the low investors’ participation. Covid-19 cases in Metro Manila is also mounting. Department of Health reported 1000+ cases for five straight days in NCR, which could … Continue reading

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On Balance: Company Reports (TEL & PGOLD)

COMPANY REPORTS PHILSTOCKS ACTION PLAN We recommend buying PLDT, Inc. [PSE: TEL], best at or near its support level of 1,300.00. The share’s price based on intrinsic value estimates, is expected to reach P1,553.50 within a time frame of 9 … Continue reading

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