Monthly Archives: May 2021

On Balance: Daily Notes for June 01, 2021

Posted on May 31, 2021 by research

OUR VIEW Accumulate shares on support area once the government eased the quarantine measures in Greater Manila. Laxer restriction is expected to spur optimism in the market and recovery hopes would rise. Meanwhile, investors will also wait for the release … Continue reading →

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BDO Unibank, Inc. [PSE: BDO] Company Report

Posted on May 31, 2021 by research

ACTION PLAN We recommend a BUY on BDO Unibank, Inc. [PSE: BDO] with a target price of P135.53 and a holding period of 9 to 12 months. From its May 28, 2021 closing price of P101.80, the share is seen … Continue reading →

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On Balance: Weekly Notes for May 31, 2021

Posted on May 31, 2021 by research

OUR VIEW FOR THE WEEK Trade cautiously this week as the market may take cues from our COVID-19 situation, latest quarantine measures, and developments on the Bayanihan 3 Bill. Investors are expected to monitor our COVID-19 situation amid the recent … Continue reading →

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On Balance: Daily Notes for May 28, 2021

Posted on May 28, 2021 by research

OUR VIEW Buy on a pullback after the market surge yesterday. First, there’s a higher risk of profit taking and today is the last trading day of the week. There was a conviction from the investors yesterday with a value … Continue reading →

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On Balance: Daily Notes for May 27, 2021

Posted on May 26, 2021 by research

OUR VIEW Take some profits after the rally yesterday amid mounting net foreign selling in the market and the implementation of the MSCI rebalancing on Friday. The market’s rally yesterday showed conviction with net market value turnover more than the … Continue reading →

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On Balance: Daily Notes for May 26, 2021

Posted on May 25, 2021 by research

OUR VIEW Accumulate more fundamentally strong stocks while the market is waiting for fresh leads. We expect traders to follow the sentiment abroad in the meantime while they monitor the Covid-19 pandemic situation and the quarantine guidelines at home. In … Continue reading →

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On Balance: Daily Notes for May 25, 2021

Posted on May 24, 2021 by research

OUR VIEW Buy on dips as we expect a market rebound this day on its immediate support around 6,150.00. However, aside from the technical rebound, we see no further catalyst that could move the market up. Moreover, Moody’s Analytics forecast … Continue reading →

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On Balance: Weekly Notes for May 24, 2021

Posted on May 24, 2021 by research

OUR VIEW FOR THE WEEK While still in a downtrend, the local market was seen to be showing signs of fighting. Last week, it had three positive sessions on the back of late-day buying, two of which were in the … Continue reading →

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On Balance: Daily Notes for May 21, 2021

Posted on May 20, 2021 by research

OUR VIEW Trade cautiously as selling pressure may continue on the last trading day of the week to avoid uncertainties over the weekend. Moreover, we see no fresh catalyst that could move the market today. For long-term investors, accumulate fundamentally … Continue reading →

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On Balance: Daily Notes for May 20, 2021

Posted on May 19, 2021 by research

OUR VIEW Book some gains as the market may follow the sentiment abroad today. As of this writing, there has been a selling pressure in overseas markets, particularly in the US. Investors were selling the tech sector as sentiment was … Continue reading →

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