Daily Archives: October 15, 2020

OUR VIEW Trade cautiously as investors await the passage of the 2021 national budget, and earnings season to kickoff. We see the market to have a downward bias as traders may take some profits to avoid uncertainties over the weekend. … Continue reading →

OUR TAKE Converge Information and Communications Technology Solutions, Inc. [CNVRG] will offer 1,505,273,510 shares with an overallotment option of 225,791,026 secondary shares priced at P16.80 each. Approximately 90% of the estimated net proceeds from primary share sales of P7.712 billion … Continue reading →

OUR VIEW Trade within the market’s range, from 5,800 to 6,000-6,100 as investors continue to watch developments on the 2021 national budget hearing. Negative sentiment abroad may spillover after Johnson & Johnson’s Covid-19 vaccine trial has been halted, while hopes … Continue reading →