Monthly Archives: June 2022

BDO Unibank, Inc. [PSE: BDO] Company Report

Posted on June 3, 2022 by research

ACTION PLAN We recommend a BUY on BDO Unibank, Inc.’s shares with a target price of P169.28 and a holding period of 9 to 12 months. We may take positions if BDO falls to and confirms its support at the … Continue reading →

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On Balance: Daily Notes for June 03, 2022

Posted on June 3, 2022 by research

OUR VIEW Accumulate on 6,600 support levels. For today, we expect the market to move sideways amid mixed sentiment. First, investors are expected to digest the latest national government’s outstanding debt which grew by 8.8% y/y to P12.76 trillion. Next, … Continue reading →

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On Balance: Daily Notes for June 02, 2022

Posted on June 2, 2022 by research

OUR VIEW Trade cautiously. The Philippines’ S&P Global purchasing managers’ index (PMI) remains in the expansion territory, however, it inched down to 54.1 in May from 54.3 in April. According to the report, the local manufacturing sector boosted its workforce … Continue reading →

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On Balance: Daily Notes for June 01, 2022

Posted on June 1, 2022 by research

OUR VIEW Trade cautiously after the market returns below the 6,800 level. Meanwhile, Bangko Sentral ng Pilipinas (BSP) projects inflation in May to post at 5-5.8% amid the continued increase in domestic petroleum prices and higher prices of key food … Continue reading →

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