Weekly Equities Summary and Outlook : August 6 – August 10, 2018

Weekly-Equities-and-Economic-Outlook
Equities Outlook Outlook. We expect the PSEi to trade between 7,600-7,900, with a downward bias as the market digests lower-than-expected Q2 GDP and Monetary Board’s (MB) 50-bp rate hike, coupled with weaker global sentiment amidst contagion fears over Turkey’s currency crisis that could spread to Europe given European lenders’ huge exposure to Turkish debt. Meanwhile, earnings results of 25 out... Read More

Weekly Equities Summary and Outlook : July 30 – August 3, 2018

Weekly-Equities-and-Economic-Outlook
Equities Summary and Outlook Outlook. We expect the PSEi to trade sideways, within the 7,700-7,800 range, ahead of the Bangko Sentral ng Pilipinas’ (BSP) policy meeting and Q2 GDP results on August 9, and more earnings releases from heavily-weighted stocks such as GLO, SM, SMC, TEL, MEG and AGI to be released this week. Yesterday, SMPH and ALI announced their... Read More

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

Weekly-Equities-and-Economic-Outlook
Equities Outlook Outlook. We expect the PSEi to hover around 7,600-7,900 as the market awaits the release of PH’s Q2 GDP (est: 6.7%) and the Monetary Board meeting, which is widely anticipated to raise policy rates by at least 25 bps, both are scheduled on Aug. 9. So far, H1 earnings results were mixed: MBT (+16% to P11bn, outperform), BDO... Read More

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

Weekly-Equities-and-Economic-Outlook
Equities Summary and Outlook Market Outlook. We expect the PSEi to trade sideways as investors wait for catalysts ahead of the first half 2018 earnings results and amidst continued trade war tensions. There’s downward bias as Pres. Donald Trump threatened the expansion in tariffs to more than $500bn worth of goods imported from China. Additionally, G-20 finance ministers and central... Read More

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

Weekly-Equities-and-Economic-Outlook
Equities Outlook Outlook. We expect the PSEi to hover around 7,200-7,400 amid lack of leads and ahead of the earnings season which will start next week with the release of Q2 earnings of IMI on July 27 and BDO & MER on July 30. Market Review. The PSEi traded sideways (+12.2 points, +0.2% day-on-day) today to 7,381.7. Last week, the... Read More

Weekly Equities Summary and Outlook : July 02 – 06, 2018

Weekly-Equities-and-Economic-Outlook
Equities Summary and Outlook Outlook. We expect the PSEi to continue trading around 7,200 as investors remain on the sidelines amidst the lack of catalysts and ahead of the first half earnings which starts by end of the month. Key economic data to monitor are Overseas Filipino Workers remittances and Balance of Payments to be released next week. Market Review.... Read More

Weekly Equities Summary and Outlook : June 25 – 29, 2018

Weekly-Equities-and-Economic-Outlook
Equities Outlook Outlook. We expect the PSEi to be range bound at around 7,000-7,300 ahead of the June inflation release on July 5 (Thurs.), with bet at 4.7% year-on-year (y/y), slightly higher than May’s 4.6%. Market is entering the 6th month of correction from the Jan. 29 peak of 9,058, which in the recent past three corrections lasted on the... Read More

Weekly Equities Summary and Outlook : June 18 – 22, 2018

Weekly-Equities-and-Economic-Outlook
Equities Summary and Outlook Outlook. WWe expect the PSEi to remain volatile around 7,000 as investors sell on strength every time the market goes beyond this level. There’s more downward bias as trade war concerns escalate. China and European Union officials agreed to oppose US protectionism and unilateralism which could later cause a global recession. Key events to monitor are... Read More

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