Daily Archives: January 10, 2022

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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