Monthly Archives: October 2020

On Balance: Company Report (FRUIT)

Posted on October 30, 2020 by research

PHILSTOCKS ACTION PLAN Philstocks is initiating a company report for FRUIT with a BUY rating and a Php 1.49 price target. BUY shares of Fruitas given our expectation that it will recover next year in line with its strategies to … Continue reading →

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On Balance: Daily Notes for October 30, 2020

Posted on October 29, 2020 by research

OUR VIEW Trade cautiously after the huge losses in the market yesterday. Negative sentiment is expected to spill over once again amid the imposition of new lockdown measures, particularly in Europe following the resurgence of Covid-19 cases. We see the … Continue reading →

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On Balance: Daily Notes for October 29, 2020

Posted on October 29, 2020 by research

OUR VIEW Sell some shares after the US markets plunged overnight that could weigh on the market sentiment for today’s trading. DJIA plummeted more than 900 points, its worst drop since June, and posting its fourth consecutive negative session. This … Continue reading →

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On Balance: Daily Notes for October 28, 2020

Posted on October 27, 2020 by research

OUR VIEW Wait for the market to establish strong support. We are expecting the market to pullback further amid the steep rally in the past few days. On a positive note, the comeback of foreigners could sustain the upward momentum … Continue reading →

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On Balance: Daily Notes for October 27, 2020

Posted on October 26, 2020 by research

OUR VIEW The local bourse has gotten further into the overbought territory after extending its rally to a 6th straight day. Thus we may already see a pull back driven by profit taking. The downward bias is strengthened by the … Continue reading →

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On Balance: Weekly Notes for October 26, 2020

Posted on October 26, 2020 by research

OUR VIEW FOR THE WEEK Accumulate on dips as the local market may take a breather from last week’s sharp rally. The local market staged a strong rally which brought it up by 9.93% w/w. With the quick surge however, … Continue reading →

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On Balance: Daily Notes for October 23, 2020

Posted on October 22, 2020 by research

OUR VIEW Secure some gains after the market rallies for four consecutive days, and as it nears the 6,400 resistance levels. Friday is also the last trading day of the week, some traders are expected to take some profits to … Continue reading →

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On Balance: Daily Notes for October 22, 2020

Posted on October 21, 2020 by research

OUR VIEW Wait for the market to establish new support after breaking resistance levels. Investors are looking into the recovery of the economy, as we are already in the last quarter of the year. We can see the gradual reopening … Continue reading →

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On Balance: Daily Notes for October 21, 2020

Posted on October 20, 2020 by research

OUR VIEW BUY more shares given the optimism brought by the easing of restrictions in the Philippines and investors are now looking into the economic recovery. Bargain hunt on the consumer stocks as we see that this is going to … Continue reading →

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On Balance: Daily Notes for October 20, 2020

Posted on October 19, 2020 by research

OUR VIEW Accumulate shares given the gradual reopening of the economy, giving hopes for the economic rebound of the Philippines. Our country has loosen some restrictions, from age to travelling measures. It is expected to spur positive sentiment as demand … Continue reading →

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