• Petron Corporation: To Come From Behind?

    Petron Corporation: To Come From Behind?

    While majority of the index names have been performing well since the start of 2012, Petron Corporation (PCOR) got the ire of a lot of people as it remained to be a major laggard in terms performance. Now is a different story, however, as it seems that the tide may finally be turning PCOR’s way.

  • Cebu Pac to Finally Take Off?

    Cebu Pac to Finally Take Off?

    After falling and being grounded since its listing with the Philippine Stock Exchange, Cebu Air, Inc. (CEB) looks like it may finally take off. After temporarily lifting by 5.6% from its IPO price of Php125/share during the first day of its trading, CEB has gradually fallen. In September 2012, it hit a low of 52.45

  • What’s Next For CPG?

    What’s Next For CPG?

    Century Properties Group (CPG) has reached our initial target of Php1.80 after moving above Php1.60 and breaking out from a small rounding bottom (check our previous post HERE). It appears though that it is having a hard time moving past Php1.80 as it encounters a resistance at this level. If it manages to stay above

  • PX Target Reached. Downturn Next?

    PX Target Reached. Downturn Next?

    After breaking out from a small inverted head and shoulders (kindly see our previous post HERE), Philex Mining Corp. (PX) indeed reached our target of Php 18.50. However, it seems that the tide could turn on the negative side soon. As you can see from its chart, PX is still generally in a bearish environment

  • ARAy Ko!

    ARAy Ko!

    Araneta Properties, Inc. (ARA) surprised a lot of people when it came out of nowhere and hit its ceiling price of Php1.21 yesterday from Php0.81 on heavy volume. Bid at closing yesterday was at 8m shares + so naturally people would expect it to move higher still on the second day. For a brief moment

  • The Return of Lepanto?

    The Return of Lepanto?

    2012 proved to be a very disappointing year for Lepanto Consolidated Mining (LC) as it shares slid from just below Php1.80 in January 2012 to a low of Php0.86 in December. Ouch! The good news is luck may be back on its favor to start the new year. After falling below the Php1.10 support, LC

  • January Barometer

    January Barometer

    The January Barometer states that the movement of the index during January sets the stock market’s direction for the year. So far, during the past 10 years, this theory worked 7 times as seen in the chart below. This year, the PSEi is already up by 4.11%. Will the index hold on to its gains

  • A Rally Seen In Philex Mining

    A Rally Seen In Philex Mining

    News that Philex Mining (PX) may resume the operations of its Padcal mine mid this year renewed some interest on its stock. After seeing its share freefall from a high of Php26.00 to a low of around Php12.50 last year, technical signals now point to a possible rally in the near term. As you can

  • PXP: Resurfacing From The Deep?

    PXP: Resurfacing From The Deep?

    After seeing the shares of Philex Petroleum Corporation (PXP) plunge from a high of Php 48 to a low of Php 23 late last year, it seems that it can start to recover at least part of its losses. Since September 2012, PXP has been consolidating within a cup and handle formation which it escaped

  • Backdoor Substitution Gives Manchester a Nice Lead

    Backdoor Substitution Gives Manchester a Nice Lead

    A backdoor listing by Macau-based Melco Crown Entertainment Ltd propelled the shares of Manchester International Holdings Unlimited Corp. (MIH) from just below Php3.00 to an amazing Php16.90 in just 3 months! In between, it even reached an intraday high of Php22.50 before closing at Php16.90 during the same day. This price action was actually scary