Monthly Archives: June 2022

On Balance: Daily Notes for June 30, 2022

Posted on June 30, 2022 by research

OUR VIEW Continue to trade cautiously. The market may continue to test the 6,400 resistance level but for now, we still see the market range from 6,100 to 6,400 levels. Moreover, the incoming administration wants the Philippines to return to … Continue reading →

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On Balance: Daily Notes for June 29, 2022

Posted on June 29, 2022 by research

OUR VIEW Trade cautiously. After three straight days of gains, investors may book some gains especially as it nears the 6,400 resistance level. The market’s support is still at 6,100-6,150. Moreover, the Department of Health (DOH) is reporting additional cases … Continue reading →

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On Balance: Daily Notes for June 28, 2022

Posted on June 27, 2022 by research

OUR VIEW Trade cautiously as the market may move sideways, from 6,100 to 6,400 levels while some investors are still staying on the sidelines, waiting for fresh catalysts to lead the market. Foreign funds may continue to exit the market … Continue reading →

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On Balance: Weekly Notes for June 27, 2022

Posted on June 27, 2022 by research

OUR VIEW With already three straight weeks of decline, episodes of bargain hunting may be experienced in this week’s trading. Still, bearish sentiment is expected to remain weighing on the overall market amid lingering downside risks. This includes the weakened … Continue reading →

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On Balance: Daily Notes for June 24, 2022

Posted on June 24, 2022 by research

OUR VIEW Trade cautiously amid uncertainties in the market. We expect investors to digest the 25bps rate hike of the Bangko Sentral ng Pilipinas (BSP). particularly with the peso depreciating further after the announcement. Offshore, investors are still concerned about … Continue reading →

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On Balance: Daily Notes for June 23, 2022

Posted on June 23, 2022 by research

OUR VIEW Trade cautiously. As the market fell near the support level, we recommend buying at this level at least for the short-run, especially if it can stay above it. Investors will be waiting for the decision of the Bangko … Continue reading →

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On Balance: Daily Notes for June 22, 2022

Posted on June 22, 2022 by research

OUR VIEW Continue to trade with caution as the market struggles to return above the 6,400 old support level. So far, the support that we are seeing is at a range of 6,100 and 6,150 levels. The depreciating peso against … Continue reading →

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On Balance: Daily Notes for June 21, 2022

Posted on June 21, 2022 by research

OUR VIEW Trade cautiously today. While bargain hunting opportunities are still seen, the market may contend with bearish sentiment caused by the Peso’s decline below the 54.00 per US Dollar mark, mounting inflationary risks, and rising COVID-19 cases in the … Continue reading →

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On Balance: Weekly Notes for June 20, 2022

Posted on June 20, 2022 by research

OUR VIEW With already two consecutive weeks of decline, we may see some episodes of bargain hunting in the local market this week. Still, general sentiment is expected to remain bearish as lingering concerns are seen to continue clouding the … Continue reading →

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Balai Ni Fruitas [PSE: BALAI] IPO Report

Posted on June 17, 2022 by research

OVERVIEW Balai Ni Fruitas [PSE: BALAI] will offer 375 Mn shares, with an over-allotment option of up to 37.5 Mn shares priced at P0.70 each. Estimated net proceeds worth P203.80 Mn are earmarked for its expansion plans. We recommend not … Continue reading →

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