Monthly Archives: July 2021

On Balance: Daily Notes for July 07, 2021

Posted on July 6, 2021 by research

OUR VIEW Book more gains as the market may decline further after it fails to stay above the 7,000 level. Some investors are seen on the sidelines given the weak value turnover as they wait for fresh leads. Overseas, worries … Continue reading →

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On Balance: Daily Notes for July 06, 2021

Posted on July 5, 2021 by research

OUR VIEW Wait for the market to build a strong support area. PSEi will test the 7,000.00 level as a support level after climbing further yesterday. However, the weak market participation with a net value turnover of only around P4 … Continue reading →

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On Balance: Weekly Notes for July 05, 2021

Posted on July 5, 2021 by research

OUR VIEW FOR THE WEEK Trade cautiously this week. The improving COVID-19 situation in the Philippines with the country already being classified as a low risk area by the Department of Health may help in sustaining positive sentiment. At the … Continue reading →

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On Balance: Daily Notes for July 02, 2021

Posted on July 1, 2021 by research

OUR VIEW Book some gains as another possible shooting star candle was formed yesterday, we expect a confirmation red candle for this day. The market is also near the 7,000 psychological resistance level so more selling pressures are anticipated, particularly … Continue reading →

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Metropolitan Bank & Trust Company [PSE: MBT] Company Report

Posted on July 1, 2021 by research

ACTION PLAN We recommend a BUY on Metropolitan Bank & Trust Company [PSE: MBT] with a target price of P57.98 and a holding period of 9 to 12 months. From its closing price of 49.00 as of June 29, 2021, … Continue reading →

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