Weekly Equities Summary and Outlook : June 11 – 14, 2018

Weekly-Equities-and-Economic-Outlook
Equities Summary and Outlook Outlook. We expect the PSEi to trade between 7,300 – 7,600 this week as the market digests the impact of escalating trade war between US & China and sustained PHP weakness. Key economic event this week is the Monetary Board (MB) meeting on June 20 where the market expects policy rates to be kept steady at... Read More

Weekly Equities Summary and Outlook : June 04 – 08, 2018

Weekly-Equities-and-Economic-Outlook
Equities Summary and Outlook Outlook. We expect the market to continue trading within 7,500-7,800 amidst shortened trading week due to observance of holidays. Additionally, investors remain on the sidelines waiting for signals from the upcoming US Federal policy meeting. The European Central Bank and Bank of Japan are also scheduled to meet this week. There’s downward bias as the peso... Read More

Weekly Equities Summary and Outlook : May 28 – June 01, 2018

Weekly-Equities-and-Economic-Outlook
Equities Summary and Outlook Outlook. We expect the market to trade between 7,500-7,700, with a downward bias as the market awaits May inflation data which is expected to hit a fresh new high, coupled with lingering concerns that US tariffs on its key allies could reignite a trade war. Nonetheless, we expect the market’s strong support to hold at 7,500.... Read More

Weekly Equities Summary and Outlook : May 21 – 25, 2018

Weekly-Equities-and-Economic-Outlook
Equities Summary and Outlook Outlook. We expect the market to trade sideways especially during the start of the week as thin trading continues. US and UK markets are closed on Monday while several ASEAN markets – Singapore, Malaysia, Indonesia and Thailand are closed on Tuesday for Vesak holiday. Investors are still waiting for market moving events that will push the... Read More

Weekly Equities Summary and Outlook : May 14 – 18, 2018

Weekly-Equities-and-Economic-Outlook
Equities Outlook Outlook. We expect the PSEi to consolidate around 7,500-7,800 due to lack of catalysts. Foreign outflows may persist in the near-term as passive funds flow to China with the inclusion of China A shares in the MSCI Emerging Markets (EM) index beginning June 1. First quarter earnings results of 9% growth was behind full year consensus of 13%... Read More

Weekly Equities Summary and Outlook : May 7 – 11, 2018

Weekly-Equities-and-Economic-Outlook
Equities Summary and Outlook Market Outlook. We expect the market to trade sideways to upward as investors’ concerns ease after the central bank’s move to raise rates. Last Friday, we also saw net foreign buying of Php571mn, the highest since January 17, 2018 which could signal foreign funds are coming back. Yesterday, foreigners were still net buyers with a total... Read More

Weekly Equities Summary and Outlook : April 30 – May 4, 2018

Weekly-Equities-and-Economic-Outlook
Equities Outlook Outlook. We expect the PSEi to move sideways early this week as investors await the results of Q1 2018 GDP and the Monetary Board (MB) policy meeting which will be both released on May 10. In-line or better results from consensus — Q1 GDP accelerating to 6.7% from 6.5% in Q4 and a 25 bp rate hike from... Read More

Weekly Equities Summary and Outlook : April 23 – 27, 2018

Weekly-Equities-and-Economic-Outlook
Equities Summary and Outlook Market Outlook. We expect the market to trade sideways as investors await the results of April inflation reading on Thursday, May 4. There could be profit taking after the recent rallies and ahead of the expected rising inflation print for last April. According to the Bangko Sentral ng Pilipinas (BSP), consumer price index likely hit 3.9%... Read More

Weekly Equities Summary and Outlook : April 16 – 20, 2018

Weekly-Equities-and-Economic-Outlook
Equities Summary and Outlook Market Outlook. We expect the PSEi to hover between 7,400-7,700 amidst weak sentiment over the country’s accelerating inflation, overheating risks, and rising US bond yields ahead of Q1 earnings results. Last Friday, BDO announced its Q1 2018’s core earnings (+16% y-o-y, underperformed), while CHP and MER will disclose their Q1 results on April 27 and April... Read More

Weekly Equities Summary and Outlook : April 09 – 13, 2018

Weekly-Equities-and-Economic-Outlook
Equities Summary and Outlook Market Outlook. We expect the market to continue trading lower amidst overheating concerns by the World Bank (WB). But University of Asia and the Pacific Economist Dr. Victor Abola noted that the country’s current account deficit to GDP ratio is far from crisis threshold of 5% equal to $15.67bn. Market Review. Last week, the market bucked... Read More