Monthly Archives: January 2022

On Balance: Weekly Notes for January 17, 2022

Posted on January 17, 2022 by research

OUR VIEW FOR THE WEEK This week, we may see selling pressures take over the market following its 3.57% rally last week. The said rally may not yet be sustainable as investors are expected to maintain a cautious stance. This … Continue reading →

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On Balance: Daily Notes for January 14, 2022

Posted on January 13, 2022 by research

OUR VIEW Unload positions for now as the resistance is seen around the 7,300 levels. Traders may also book some gains on the last trading day of the week to avoid any uncertainties over the weekend. Particularly as the Philippines … Continue reading →

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On Balance: Daily Notes for January 13, 2022

Posted on January 12, 2022 by research

OUR VIEW Sell on the rally. The local bourse rose yesterday, however, market participation remains weak with a value turnover of below P6.00 Bn. There has been optimism since the National Capital Region is still on the alert level 3 … Continue reading →

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On Balance: Daily Notes for January 12, 2022

Posted on January 11, 2022 by research

OUR VIEW Wait on dips. So far, the market stays above the psychological level of 7,000 despite the bearish sentiment. However, worries over the surging Covid-19 cases in the country remain, particularly that the imposition of a highly stringent lockdown … Continue reading →

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On Balance: Daily Notes for January 11, 2022

Posted on January 10, 2022 by research

OUR VIEW Trade cautiously amid weak market participation despite the rise yesterday. Chart-wise, the 50 -day exponential moving average (EMA) will be the market’s initial resistance and it will be tested in the following days. So far, the investors are … Continue reading →

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Figaro Coffee Group, Inc. [PSE: FCG] IPO Report

Posted on January 10, 2022 by research

OUR TAKE Figaro Coffee Group, Inc. [PSE: FCG] will offer 930.17 Mn shares, with an over-allotment option of up to 93.02 Mn priced at P0.75 each. Estimated net proceeds of P722.20 Mn are earmarked mostly for capital expenditures including but … Continue reading →

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On Balance: Weekly Notes for January 10, 2022

Posted on January 10, 2022 by research

OUR VIEW FOR THE WEEK This week, we still see the market’s bias tilted to the downside amid the country’s relapsing COVID-19 situation. Last week, our daily new cases averaged 12,913 per day, surging from the prior week’s average of … Continue reading →

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On Balance: Daily Notes for January 07, 2022

Posted on January 6, 2022 by research

OUR VIEW Hold positions for now as the market may continue to test its 7,000 – 7,100 support range. Sell positions if it breaks below this range. Despite the negative developments in our COVID-19 situation, the local market has been … Continue reading →

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On Balance: Daily Notes for January 06, 2022

Posted on January 5, 2022 by research

OUR VIEW This Thursday, the local market may still test its 7,000 – 7,100 support range. Sell positions if the market falls below this range. The local market’s bias for Thursday is seen to be tilted to the downside as … Continue reading →

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On Balance: Daily Notes for January 04, 2022

Posted on January 3, 2022 by research

OUR VIEW Still, trade cautiously as the market will continue to test the 7,000 psychological level. The Covid-19 cases in the country are surging. The Department of Health now puts the Philippines under the “high-risk” classification. According to the experts, … Continue reading →

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