Tag: ELI

PSE index Up as Property Sector Rose

Posted by AiDz – July 28, 2011

The PSE index – July 27,2011

The Philippine Stock Exchange Index, PSEi, gained 17.02 points after 3 days of almost flat trading to close at 4,482.89 points.

Market breadth was positive since advancer stocks led decliners, 72 vs. 70, while 44 stocks were unchanged.

house-market

Philippine Property Sector

Almost all property stocks this morning went up, according to Bloomberg.

“Most property stocks rose on speculation that the introduction of Real-Estate Investment Trust, REIT, will boost property valuations.”

From the Property table of Citisec; SLI also surged to 5.56%, MEG went up by 4.2%, FLI up 4%, BRN up by 3.79%, GERI by 3.79%, ELI by 3.7%, SMPH gained 1.1% and RLC up a bit by 0.46%.

A property sector review published by CitisecOnline this morning, July 27, 2011, reiterated a “buy” rating on property stocks.

Here’s a snapshot of their Property Sector Valuation table.

COL Property valuation table - July2011

Please take note that these are only estimates, as a matter of fact all valuations are estimates so don’t over patronize stock valuations.

In my point of view, it’s high time for the Philippine Property Sector to emerge after months of consolidation while the Mining and Oil sector continues to gain popularity. We don’t know yet what’s the real impact of REIT on property companies if this will help boost their earnings or cost them to pay hefty taxes which include 12% VAT on transfer of assets.

For long term investors, you can add property stocks on your portfolio to include on your existing mining company shares. For traders like me, I’ll just pick on fast moving stocks, no matter what sector they belong to. ;)

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PSEi up by 10.84 points, AEV top index gainer

Posted by AiDz – February 12, 2011

PSEi closed on Green Friday

The PSE index closed  higher on Friday, Feb. 11, after a big drop last Thursday. It inched up 10.84 points or 3,749.15. Looking at its chart, the PSEi is already on a downtrend since it broke the major support line at 3870.

The 200-day moving average is still intact as long as it will not breach the 3700 level. As we look at the Chaikin Money Flow indicator (CMF), the index is still at the negative territory, (-0.37), where there are still strong selling pressure, it might take some time before accumulation and buying pressure to happen and put us on a positive territory.

2011Feb-PHISIX-pnoytrader.com

The good news that I’m looking forward to is the reaction of the investors on the resignation of Egypt’s president Hosni Mubarak Friday night. US stocks ended with a moderate gain after the announcement.

In my opinion, the Asian markets will follow the positive gains this week since the tension in Egypt has already ended. Egypt, which plays a key role in the industry, controls the Suez Canal, a major route for oil tankers and cargo ships.

 

AEV, Top index Gainer

Aboitiz Equity Ventures Inc., (AEV), finished as the top gainer from the PSE index on Friday as it closed at P37.00/share, up by 11.11% from Thursday’s close. This might be due to the news that AEV will be added to the MSCI Philippines on Feb. 28, as stated on Bloomberg.

Other stocks that is worth mentioning are Lodestar Investment Holdings Corp (LIHC) and Empire East Land Holdings Inc. (ELI), which gained 18.06%  and 9.72% respectively. They might continue their ascent on Monday, especially AEV. I’m also expecting Aboitiz Power (AP) to gain momentum following AEV.

 

My Monday Outlook

As we don’t have any positive leads on our local market, I’d advice retail investors to be more cautious in trading. In my opinion, as long as the index will not move to the 4,000 level, the bearish sentiment will still takeover. We just have to minimize our losses and preserve our capital.

For now, just close your monitors and stop checking on your stocks every minute. :D

dilbert

Comic strip from Dilbert.com

pnoytrader.com

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PSEi closed at 4,032.37, up by 4.86 points on Jan. 12th

Posted by AiDz – January 13, 2011

The PSE index closed moderately higher today at 4,037.23, up by 4.86 points compared to Monday’s (Jan. 10, 2011) 89.94-point drop. Thanks to the Dow Jones Industrial Average and stronger earnings reports of US Companies that triggerred the upbeat mood of PSE. If the US stock market will continue its rally tonight then, I’d expect the Philippine market to rally as well on Thursday.

It really annoys me how financial news publish their reports at the end of the trading day, and how they differ in interpreting the cause of the rally or the drop of the market. On Monday, GMAnews.tv reported that “PSEi drops 2.14% as inflation fears stoke profit-taking” Today, GMAnews reported, “PSE index up on corporate results optimism” so what happened here, did the fear of inflation disappear and people started buying stocks??? If they can’t explain the reason fundamentally, then maybe they can just report it technically. Oh well, as far as I know, technical analysis comes first before any fundamental news comes out. So I’d always say to people, if your broker advices you to buy a particular stock because it’s going up, don’t buy it because it’s already too late. Have you ever wondered whenever you buy a stock, immediately after buying it, the price drops after a few days? Or have you experienced selling your stock at a small gain then skyrocketed the next day? Well, i guess every trader or investor knew what I’m telling…

Anyway, the US stocks closed higher on Wednesday after European debt fears eased and sparked a broad advance, led by banks and commodity-related shares. We might continue to see the following Philippine stocks continue their upward momentum.

1. CYBR
2. ELI
3. SMC
4. MER
5. NIKL
6. SCC

Good luck everyone! Enjoy trading! ;)

CYBR, way above overbought region

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