Monthly Archives: May 2021

On Balance: Daily Notes for May 19, 2021

Posted on May 18, 2021 by research

OUR VIEW Trade within the market’s short-term range. PSEi remains in the downtrend with no sign of reversal yet. The sentiment is still clouded by uncertainties in the market. Meanwhile, the improving situation of the Covid-19 pandemic in the Philippines … Continue reading →

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IPO Report: Monde Nissin Corporation [PSE MONDE]

Posted on May 18, 2021 by research

OUR TAKE Monde Nissin Corporation [PSE: MONDE] will offer 3.6 Bn shares, with an over-allotment option of up to 540 Mn priced at P13.50 each. Estimated net proceeds of P46.16 Bn are earmarked for capital expenditures and debt repayment. For … Continue reading →

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On Balance: Daily Notes for May 18, 2021

Posted on May 17, 2021 by research

OUR VIEW Accumulate shares of companies that have shown strong growth in the first quarter of 2021 since these stocks could be the leader amid the anticipated economic recovery. Downside risks in the market have lessened after the government eased … Continue reading →

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On Balance: Weekly Notes for May 17, 2021

Posted on May 17, 2021 by research

OUR VIEW FOR THE WEEK Trade cautiously next week, we may see sideways movement from the local market. On a positive note, progress is seen on our country’s vaccine procurement. This helps in improving our medium to long term economic … Continue reading →

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On Balance: Daily Notes for May 14, 2021

Posted on May 12, 2021 by research

OUR VIEW Wait for the market to establish support, limit your position. Weak market participation is expected after a pause in trading yesterday and ahead of the weekend. Bargain hunting and the decision of the BSP to keep key rates … Continue reading →

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On Balance: Daily Notes for May 12, 2021

Posted on May 11, 2021 by research

OUR VIEW Trade cautiously as the market may move sideways with a downward bias given the weak investors’ participation ahead of the BSP meeting on Thursday. Investors will wait for the decision of the BSP on interest rates. In our … Continue reading →

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On Balance: Daily Notes for May 11, 2021

Posted on May 10, 2021 by research

OUR VIEW Trade within the PSEi’s range of 6,250 to 6,650 as the market may take cues from the first quarter gross domestic product (GDP) data to be released today. The PSEi finally recovered from the 6 consecutive days of … Continue reading →

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On Balance: Weekly Notes for May 10, 2021

Posted on May 10, 2021 by research

OUR VIEW FOR THE WEEK Trade cautiously this week as the market could move sideways with a downward bias. Investors are seen to weigh the pandemic induced economic concerns against the progress in the Philippines’ vaccine procurement. Market sentiment may … Continue reading →

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On Balance: Daily Notes for May 07, 2021

Posted on May 6, 2021 by research

OUR VIEW Buy shares of companies with anticipated strong earnings growth in the first quarter. Investors are looking for the stocks to position in before the economy recovers. Given that investors are losing confidence in the market amid weak value … Continue reading →

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On Balance: Daily Notes for May 06, 2021

Posted on May 5, 2021 by research

OUR VIEW Trade cautiously after the PSEi slipped below the support of 6,350.00. If it fails to return to the 6,300 level, then it may decline to the next support of 6,250.00. Given the weak market participation, net foreign selling, … Continue reading →

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