Monthly Archives: September 2021

On Balance: Weekly Notes for September 20, 2021

Posted on September 20, 2021 by research

OUR VIEW FOR THE WEEK This week, the local market may trade with a downward bias. Mounting global economic worries amid the lingering challenges posed by the pandemic may weigh on the local bourse. Adding to the global concerns that … Continue reading →

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On Balance: Daily Notes for September 17, 2021

Posted on September 17, 2021 by research

OUR VIEW Trade cautiously this Friday. For the local market, advancing further is seen to be challenging moving forward. Offshore, worries over the global economy are seen to be mounting due to the recovery setbacks caused by the COVID-19 pandemic … Continue reading →

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On Balance: Daily Notes for September 16, 2021

Posted on September 17, 2021 by research

OUR VIEW The local market’s rally which started in mid-August 2021 is seemingly losing steam judging from its 3-day decline, with the latter two seen to have conviction. With the easing of restrictions in the NCR already discounted, investors are … Continue reading →

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On Balance: Daily Notes for September 15, 2021

Posted on September 14, 2021 by research

OUR VIEW The market may once again retest the 7,000 psychological level as the government relaxes the restrictions in Metro Manila. The reopening of dine-in services of restaurants and the additional mobility for the vaccinated persons are notable changes in … Continue reading →

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On Balance: Daily Notes for September 14, 2021

Posted on September 13, 2021 by research

OUR VIEW Trade cautiously. The market could take cues from the government decision on the next quarantine measure, particularly in Metro Manila. The main index may retest the 7,000 to 7,100 levels but given the weakening value turnover to around … Continue reading →

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MREIT, Inc. [PSE: MREIT] IPO Report

Posted on September 13, 2021 by research

OUR TAKE SUBSCRIBE to MREIT as the lowering of its final offer price from the maximum of P22.00 to P16.10, made the forecasted dividend yields of the company competitive at 5.65% and 6.09% for the fiscal years 2022 and 2023, … Continue reading →

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On Balance: Weekly Notes for September 13, 2021

Posted on September 13, 2021 by research

OUR VIEW FOR THE WEEK Trade cautiously. This week, how the market would close could depend on the social restrictions to be implemented in the NCR after September 15. The government is aiming to test their new restriction measures with … Continue reading →

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On Balance: Daily Notes for September 10, 2021

Posted on September 9, 2021 by research

OUR VIEW Accumulate on dips as the market tries to stay above the 6,900 level amid a weak pullback yesterday. However, we see no strong fresh leads in the market. Investors are waiting for the next quarantine measures, hoping that … Continue reading →

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On Balance: Daily Notes for September 09, 2021

Posted on September 8, 2021 by research

OUR VIEW Trade cautiously after the market shrugged off the postponement of relaxing quarantine measures in Metro Manila. We are not convinced with the rally yesterday as value turnover is only below P6 Bn and foreigners turned sellers yesterday, breaking … Continue reading →

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Bank of the Philippine Islands [PSE: BPI] Company Report

Posted on September 8, 2021 by research

ACTION PLAN We recommend BUYING Bank of the Philippine Islands [PSE: BPI] shares ON DIPS with a target price of P89.59 and a holding period of 9 to 12 months. While from its September 7, 2021 closing price of 83.60, … Continue reading →

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