Archive for the ‘Commentaries’ Category
Are the bears about to take control of the shares of SM Prime Holdings, Inc. (SMPH)? I am confronted with this question now because it appears that SMPH is indeed primed (no pun intended) for a major correction in the near term.
In my opinion, there is a good [...]
The Lopez family-led First Philippine Holdings (FPH), much like its subsidiary First Gen Corporation (FGEN), is also poised for a move north at least from a technical perspective.
The price canvas of FPH is one of the few to be tagged as a “technical masterpiece.” After trading in [...]
Those who subscribed to Sta. Lucia Land’s (SLI) listing back in 2007 must have been very disappointed after seeing the price of their stock gradually fall from PHP 1.80 to a low of PHP 0.38 in 2009. After bottoming in 2009, SLI continued to trade flat and sideways until finally waking [...]
DMCI Holdings, Inc. or DMC, which is one of the leading construction firms in the Philippines, has been one of the best stock performers since the start of 2009. During the start of 2009, the company’s shares opened at 2.26 in 2009. Since then, its shares has picked speed until it [...]
For the past week or so, the US dollar has rallied strongly against its major peers thanks to the drama in Ireland and the Korean peninsula. Ireland needed about €85 billion ($114 billion) to help service its ballooning deficit and to provide some liquidity in its commercial banks. With the Irish [...]
Leading online gaming publisher IP E-Game Ventures Inc. (IP E-Games), a subsidiary of publicly-listed technology firm IPVG Corporation, has secured approval from the Philippine Stock Exchange (PSE) for the initial listing by way of introduction of 33,545,554 common shares, under the second board of the exchange, at an indicative reference opening price of P50 per [...]
If we think that the US market has problems, the PSEi should be more problematic and unpredictable. It’s a market that just can’t make up its mind.
It’s very clear that the PSEi is still inside a 4-month long symmetrical triangle with the index ending at 1919, just barely above the 65-day moving average at 1912. [...]
Recapping the highlights of the previous week:
American Express (NYSE: AXP) gets the Fed’s approval to form a bank-holding company. Never leave home without it…
Starbucks (Nasdaq: SBUX) reports disappointing quarterly profit. That’s for your expensive coffee!
We know what panic selling is. It’s selling anything you have just so you can get some of your money back without even thinking about the losses. This is normally triggered by extremely bad news in the market that is enough for everyone to want to get out of their positions at the moment, no [...]
By Benedict Sylianteng
Initially, I was eyeing the 2,000-2,200 level for the PHISIX as a good level to start accumulating stocks both from a technical and fundamental standpoint. Looking at the charts, it should be the target of the recent double top pattern the PHISIX formed.
Fundamentally, the Philippine financial system remains stable as banks have had [...]