Tag: ALI

PSEi new high; PNB-Allied Merger in Jeopardy?

Posted by AiDz – March 6, 2012

The PSE Index – 5 March 2012

Sure enough, the PSE Index closed above 5,000 last week. It even made a historical high today closing at 5,030.58. (+14.28 points or +0.24%). Friday’s close was the anticipated break from the 5,000 psychological resistance, gaining 77.69 points at 5,016.30.

Gainers outpaced losers 92 to 71, while 40 issues were unchanged.

PSEi Index-March-5-2012

Stocks which are Breaking New Highs

Notable gainers today are Marcventures (MARC), which brokeout from its symmetrical triangle pattern, with a significant volume at 3.12 (+22.35%). Phil. Estate Corp (PHES) closing at its highest price since 2007, at 0.61 (+10.91%). Wellex Industries Inc (WIN) trailing behind at 0.40 (+10.91%). Oriental Peninsula Resources Group (ORE), testing its previous high, closed at 6.12 (+7.75%). Philodrill Corp (OV) also closed on its new high at 0.055 (+5.77%). Among the index stocks, Ayala Land Inc (ALI) closed with an impressive +5.24% gain at P22.10, its new all time high.

PNB-Allied Bank Merger in Jeopardy?

DoubleFacepalm

I just got an email alert from Google on Philippine National Bank, PNB (You should also setup email alerts in Google for your stocks Winking smile) which read “SEC, BSP asked to stop merger of PNB-Allied Bank.”

Just when many of us been expecting this merger and a target price of P70/share, then suddenly comes this Government issue!? The “Government” already halted the rally of mining stocks because of its Executive Order, see “EO on Mining to Take Time” then this? What’s next? What the hell ?!?! Steaming mad

Anyway, let’s analyse PNB’s chart. I’m seeing a bearish divergence between the price and Force Index. So there’s already a signal last Friday to sell. If the market reacts on this news tomorrow, we might see PNB’s share price to go down to 64, which I hope not. Will this be an opportunity to buy, take profit for the meantime or cut your losses early? That’s for you to decide.

PNB-March-5-2012

Here’s my quote of the day from Brian Tracy Smile from his book “Eat that Frog”

An old saying is that “If the first thing you do each morning is to eat a live frog, you can go through the day with the satisfaction of knowing that that is probably the worst thing that is going to happen to you all day long!” Your “FROG” is the one you are most likely to procrastinate on if you don’t do something about it now!

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PSE Index Another Record High at 4,943.84

Posted by AiDz – February 21, 2012

The PSE Index – 20 February 2012

The PSE index made a new record high of 4,943.84, adding 63.13 points or +1.30%.
A total of 13,352,691,362 shares changed hands with a turnover value of Php 10,576,365,616.99. Advancers won against decliners, 105 to 63, another 41 stocks unchanged.

Index Advancers are ALI 21.50 +4.88%, SMPH 17.50 +8.02%, AEV 46.90 +4.22%, BDO 67.75 +5.37% while Index Decliners are TEL 2,826 -1.12%, SMC 115 -1.20%,AGI 10.60 -1.49%,SM 647 -0.46%.

 

Index to Break the 5,000 Barrier?

The Index needs a few more points to hit the 5,000 psychological resistance. Hopefully, it will be breached before the end of February.

PSEIndex-20Feb2012

 

Mining and Oil Sector

Oil stocks are still the favourite of investors as you may have noticed Philodrill or OV, OPM, PXP and BSC going up while Mining stocks are on the sidelines. LC/LCB on the other hand gained +5.92% and +3.49% today, we might expect MA/B, PX, ZHI to follow.   

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Philippine Index, South East Asia’s Best Performer this Week

Posted by AiDz – February 18, 2012

The PSE Index – 17 February 2012

The Philippine Stock Exchange Index closed at a new record high as it rallied 2.4% or 114.14 points to close at 4,880.71. It rose 1.97 % this week, making it
Southeast Asia’s best performer as reported by Reuters.

5891658-business-man-illustration-with-positive-chart-showing-success

The Property sector led the gainers notably by Ayala Land Inc (ALI) as it gained 6.77%.  “Low interest rate environment has bolstered sentiment for property firms in Manila. Ayala Land had gained 26.7 percent this year, the second-best performing of the Philippine bourse.” -Reuters

The heavyweights PLDT (TEL) and Ayala Corp (AC) rose to 3.40% and 4.46% respectively, while Philodrill Corp (OV) led the Mining and Oil sector as it surged to 18.18%.

PSE Index Weekly ChartAs of today’s close, I don’t see yet any bearish divergence between the RSI and price, as we can see on this weekly chart of PSE index. Though I noticed that the volume today is much lower than previous days’ trading. You can see on the chart that the Volume is  lower than the 14-day volume MA, which doesn’t look so good. hmm???

CPG Dumped by Credit Suisse, CLSA and SB Securities

While is everyone’s euphoric on the index stocks, Century Properties Group (CPG) was sold down by brokers Credit Suisse Securities (311), CLSA Philippines, Inc (323), and SB Securities Inc (115). CPG nose-dived to P1.82, losing 12.92% from its previous price. Something’s fishy going on here…

CPG-17Feb2012

From CPG’s latest corporate disclosure:

Century Properties Group informed the public about the planned placement and subscription transaction, in order to increase the financial capability of the corporation and meet the 10% min. public ownership requirement,
(a) offer and sale by the selling shareholder Century Properties Inc of up to 3,326,610,051 common shares and
(b) subscription by CPI and the issuance by the corporation to CPI of new common shares at most in the same number and at the same price as the shares sold during the placing tranche.

The price of the shares for both Placing and Subscription Tranches is P1.75/ share.

I’m not sure yet if the dumping is done or CPG’s share price might still go down to P1.75. In my opinion, everytime there’s a panic selling and the fundamentals of the company are good for the long term, it’s a definitely a great bargain and it’s a good opportunity to buy. But let the panic settle down first before buying.

6110978-businessman-having-a-hard-time

My Personal Note

My bets on WIN and BHI are still on, chart wise, their support lines still hold, though BHI took a beating today as bears took over. If 0.19 for BHI is broken and if 0.437 for WIN, then time to withdraw from my illusion as we can’t fight the market.

Images courtesy of 123Rf.com

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