Philippine Stocks Watch-list using Warren-buffett stocks filter applied to PSE
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Saturday, February 11, 2017
Philippine Stocks Watch-list : FEB 2017
Philippine Stocks Watch-list using Warren-buffett stocks filter applied to PSE
Wednesday, February 8, 2017
COL: It’s the year to buy stocks
This 2017 is an opportune year for investors to accumulate Philippine stocks especially whenever the stock barometer falls below its fair valuation of 7,500, leading online stock brokerage COL Financial said.
In a press briefing on Monday, COL head of research April Lee-Tan said it would be difficult to justify premium valuations at present given “unexciting” earnings prospects from corporate Philippines this year. COL expects average corporate earnings to rise by 6.9 percent this year, slower than previous years.
She also cited numerous risks, including higher inflation and interest rates, the weak peso and President Duterte’s policies that may prove “painful” over the short term, including his tax reform program.
But COL continued to have a favorable long-term view on the Philippine economy and the stock market, Tan said. She said the same policies that may be painful in the short-term would be beneficial in the long term, Tan added.
COL said the government needed to implement tax reforms to raise enough funds to meet its goal of increasing disbursements from around 18.2 percent of the gross domestic product (GDP) in 2016 to around 20.2 percent in 2019.
Read more: https://business.inquirer.net/224147/col-year-buy-stocks
In a press briefing on Monday, COL head of research April Lee-Tan said it would be difficult to justify premium valuations at present given “unexciting” earnings prospects from corporate Philippines this year. COL expects average corporate earnings to rise by 6.9 percent this year, slower than previous years.
She also cited numerous risks, including higher inflation and interest rates, the weak peso and President Duterte’s policies that may prove “painful” over the short term, including his tax reform program.
But COL continued to have a favorable long-term view on the Philippine economy and the stock market, Tan said. She said the same policies that may be painful in the short-term would be beneficial in the long term, Tan added.
COL said the government needed to implement tax reforms to raise enough funds to meet its goal of increasing disbursements from around 18.2 percent of the gross domestic product (GDP) in 2016 to around 20.2 percent in 2019.
Read more: https://business.inquirer.net/224147/col-year-buy-stocks
Wednesday, January 25, 2017
PSE looking at up to 8 IPOs this year
MANILA, Philippines - The Philippine Stock Exchange (PSE), is looking at six to eight initial public offerings (IPOs) this year or possibly double the four IPOs last year, its top official said.
“We’re looking at six to eight IPOs this year. It should be better than last year,” PSE president Hans Sicat said in a recent interview.
Sicat declined to name which companies but noted that some of these IPO candidates already have pending applications with the PSE.
Sicat said the environment is likely better this year as some of the global uncertainties have already dissipated. These include last year’s policy rate setting meeting of the US Federal Reserve, the US elections and move of Britain to exit from the European Union.
Among the IPO bound companies are Xeleb Inc., the celebrity mobile games company of listed technology company Xurpas Inc., media technology company Audiowav and home and construction supplier Wilcon.
Last year, total capital raised from the local bourse including IPOs amounted to P170.12 billion, slightly lower than the P184.60 billion raised for the whole of 2015.
IPOs alone amounted to P29 billion last year from P5 billion in 2015, according to data from the First Metro Investment Corp., the investment banking arm of George Ty-owned Metrobank.
Read more at http://www.philstar.com/business/2017/01/16/1662580/pse-looking-8-ipos-year
“We’re looking at six to eight IPOs this year. It should be better than last year,” PSE president Hans Sicat said in a recent interview.
Sicat declined to name which companies but noted that some of these IPO candidates already have pending applications with the PSE.
Sicat said the environment is likely better this year as some of the global uncertainties have already dissipated. These include last year’s policy rate setting meeting of the US Federal Reserve, the US elections and move of Britain to exit from the European Union.
Among the IPO bound companies are Xeleb Inc., the celebrity mobile games company of listed technology company Xurpas Inc., media technology company Audiowav and home and construction supplier Wilcon.
Last year, total capital raised from the local bourse including IPOs amounted to P170.12 billion, slightly lower than the P184.60 billion raised for the whole of 2015.
IPOs alone amounted to P29 billion last year from P5 billion in 2015, according to data from the First Metro Investment Corp., the investment banking arm of George Ty-owned Metrobank.
Read more at http://www.philstar.com/business/2017/01/16/1662580/pse-looking-8-ipos-year
PSEi rallies ahead of GDP
MANILA, Philippines - The stock market rallied yesterday on expectations of a strong gross domestic product (GDP) growth for 2016.
The benchmark Philippine Stock Exchange Index soared 141.69 points or 1.95 percent to finish at 7,374.35 while the broader All Shares index rose by 60.51 points or 1.38 percent to end at 4,426.14
Most of the sectors likewise closed in positive territory recording huge gains – 2.26 percent for the holding firms index, 1.57 percent for the services gauge and 1.49 percent for the financials index
Total value turnover reached P5.61 billion.
Market breadth was positive as advancing stocks outpaced decliners, 108 to 79 while 45 stocks were left unchanged.
The National Economic and Development Authority (NEDA) is expected to announce the fourth quarter and full year 2016 gross domestic product performance on Jan. 26.
Moody’s Analytics expects the economy to have accelerated to 7.05 percent in 2016 as it is expected to have accelerated 7.2 percent in the final quarter of last year,
Read more at http://www.philstar.com/business/2017/01/24/1664813/psei-rallies-ahead-gdp-report
Monday, January 23, 2017
Philippines stocks higher at close of trade; PSEi Composite up 1.96%
Investing.com – Philippines stocks were higher after the close on Monday, as gains in the Holding Firms, Services and Banking & Financials sectors led shares higher.
At the close in Philippines, the PSEi Composite gained 1.96% to hit a new 1-month high.
The best performers of the session on the PSEi Composite were SM Investments Corp (PS:SM), which rose 5.37% or 36.000 points to trade at 706.000 at the close. Meanwhile, Robinsons Land Corp (PS:RLC) added 4.17% or 1.050 points to end at 26.200 and Globe Telecom Inc (PS:GLO) was up 4.04% or 68.000 points to 1750.000 in late trade.
The worst performers of the session were Alliance Global Group Inc (PS:AGI), which fell 1.25% or 0.160 points to trade at 12.600 at the close. Semirara Mining Corp (PS:SCC) declined 0.14% or 0.2000 points to end at 139.5000 and Megaworld Corp (PS:MEG) was 0.00% or 0.000 points to 3.730.
Rising stocks outnumbered declining ones on the Philippines Stock Exchange by 107 to 79 and 45 ended unchanged.
Gold for February delivery was up 0.69% or 8.35 to $1213.25 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in March fell 0.64% or 0.34 to hit $52.88 a barrel, while the March Brent oil contract fell 0.47% or 0.26 to trade at $55.23 a barrel.
CNY/PHP was up 0.25% to 7.2775, while USD/PHP fell 0.05% to 49.895.
The US Dollar Index was down 0.44% at 100.33
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