Monthly Archives: May 2022

On Balance: Daily Notes for May 31, 2022

Posted on May 31, 2022 by research

OUR VIEW Book some gains after the market climbed for four consecutive days. Selling pressure is anticipated so the market may move sideways with a downward bias. Chart-wise, the local bourse was able to breach the 6,800 immediate resistance level, … Continue reading →

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VistaREIT, Inc. [PSE: VREIT] IPO Report

Posted on May 30, 2022 by research

OUR TAKE We are NEUTRAL with Vista REIT, Inc. (VREIT) as the negative risks to its performance cloud its attractive annualized dividend yields. After lowering its final offer price to P1.75 per share, its forecasted annualized dividend yield rose to … Continue reading →

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On Balance: Weekly Notes for May 30, 2022

Posted on May 30, 2022 by research

OUR VIEW This week may start on a negative note as we may see profit taking from the market’s preceding 3- day rally. For the whole week, investors may take a cautious stance as they continue to deal with lingering … Continue reading →

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On Balance: Daily Notes for May 27, 2022

Posted on May 27, 2022 by research

OUR VIEW Continue to trade cautiously. Given that President-elect Ferdinand “Bongbong” Marcos has announced already his economic team, investors will be waiting for the economic plans and policies of the new administration. Again, managing the country’s debt and at the … Continue reading →

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On Balance: Daily Notes for May 26, 2022

Posted on May 26, 2022 by research

OUR VIEW The market still fails to return above the 6,600 level amid a lack of catalyst while some investors are still in a wait-and-see mode. Investors await the economic policy of the next administration, especially on how they will … Continue reading →

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On Balance: Daily Notes for May 25, 2022

Posted on May 25, 2022 by research

OUR VIEW Trade cautiously after the market fell below the 6,600 level. Given this, sideways movement with a downward bias is anticipated. The support now returns to 6,400 levels while the immediate resistance is at 6,800. On the data front, … Continue reading →

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On Balance: Daily Notes for May 24, 2022

Posted on May 24, 2022 by research

OUR VIEW Trade cautiously as the market remains in a wait-and-see mode. At home, the next administration’s economic team is what the investors are waiting for along with their economic plans and policies for the country. This is following the … Continue reading →

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Raslag Corporation [PSE: ASLAG] IPO Report

Posted on May 23, 2022 by research

OVERVIEW Raslag Corporation [PSE: ASLAG] will offer up to 402,000,000 shares consisting of 350,000,000 primary shares and an overallotment option of up to 52,500,000 secondary shares at P2.00 apiece. Of its estimated net proceeds of P647.54 million, 58.68% will go … Continue reading →

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On Balance: Weekly Notes for May 23, 2022

Posted on May 23, 2022 by research

OUR VIEW With last week’s rebound, the local market was able to get back above the 6,700 level and even went past its 10-day exponential moving average. While room for bargain hunting is still seen as a lot of stocks … Continue reading →

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On Balance: Daily Notes for May 20, 2022

Posted on May 20, 2022 by research

OUR VIEW Trade cautiously while the market digests the policy rate hike of the BSP by 25 bps and also the revision of the inflation forecasts to 4.6% this year from the previous projection of 4.3% this year. From a … Continue reading →

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