Monthly Archives: July 2022

On Balance: Daily Notes for July 15, 2022

Posted on July 14, 2022 by research

OUR VIEW Trade cautiously. The market will continue to digest the surprised 75 bps rate hike of the Bangko Sentral ng Pilipinas (BSP). In the short-run, this can help tame the rising inflation at home and also, this will support … Continue reading →

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On Balance: Daily Notes for July 14, 2022

Posted on July 13, 2022 by research

OUR VIEW Trade cautiously. This Thursday, investors are expected to look towards the US’ June inflation data for clues on how the Federal Reserve will act in their next policy meeting. An inflation print significantly faster than May’s 8.6% which … Continue reading →

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TsupitHero’s Trading Plan: ACEN

Posted on July 13, 2022 by research

TRADE PLAN We recommend taking positions in ACEN if it manages to break and sustain position above its 200-day exponential moving average which is currently serving as an immediate resistance. If it is able to do so, ACEN could trade … Continue reading →

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On Balance: Daily Notes for July 13, 2022

Posted on July 12, 2022 by research

OUR VIEW Tuesday’s decline shows that the market may not yet be prepared to take its resistance at the 6,400 level. For Wednesday, the market could still move with a downward bias as investors maintain a cautious stance while waiting … Continue reading →

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On Balance: Daily Notes for July 12, 2022

Posted on July 12, 2022 by research

OUR VIEW Trade cautiously. The local market inches closer to its 6,400 resistance level after its last minute rally this past Monday. While bargain hunting opportunities are still seen, breaching the said level could be challenging for the market amid … Continue reading →

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On Balance: Weekly Notes for July 11, 2022

Posted on July 11, 2022 by research

OUR VIEW The local market rode on positive momentum last week, closing higher by 3.19% w/w. The sustainability of this rally is questionable however amid the lingering economic headwinds that may dampen sentiment. This includes the Peso’s further weakening, and … Continue reading →

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On Balance: Daily Notes for July 08, 2022

Posted on July 7, 2022 by research

OUR VIEW Trade cautiously. As the market pulled back yesterday after a 4-day rally, the local bourse is expected to retest the 6,400 level once again. If this happens, we recommend accumulating shares at the said level, especially if it … Continue reading →

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On Balance: Daily Notes for July 07, 2022

Posted on July 6, 2022 by research

OUR VIEW Accumulate cautiously if the market stays above the 6,400 level. The 6,400 resistance level has been breached, therefore wait and see if it will sustain above that before accumulating. However, the market has been on a 4-day rally, … Continue reading →

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On Balance: Daily Notes for July 06, 2022

Posted on July 6, 2022 by research

OUR VIEW Continue to trade cautiously. The market has been up for three days indicating a possibility of a pullback. Investors may take profit as rallies in the current market environment may be short-lived. The market may retest the 6,400 … Continue reading →

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Metropolitan Bank and Trust Company [PSE: MBT] Company Report

Posted on July 5, 2022 by research

ACTION PLAN For long term investors, we recommend buying shares of MBT with a target price of P64.26 per share, giving a potential upside of 33.88% based from its July 4, 2022 closing price of P48.00. Marketability-wise, MBT is already … Continue reading →

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