• Near Term Negative Impact Of An SRO (Stock Rights Offer)

    Near Term Negative Impact Of An SRO (Stock Rights Offer)

    In an unexpected turn of events, Metropolitan Bank and Trust Company (MBT or Metrobank) announced that it will conduct a stock rights offer (SRO) by issuing up to a maximum of 819,827,214 common shares to raise approximately Php61 billion in fresh capital. The effect of the announcement was immediately felt by the market as MBT

  • Henry Sy Stocks to Carry the PSEi to 9,000?

    Henry Sy Stocks to Carry the PSEi to 9,000?

    Much has already happened since Henry Sy’s holding firm SM Investments Corporation (SM) sunk “unexpectedly” by 9.24% back in March 2017. Many (even news channels and brokerage firms) were actually clueless as to what caused the drop but as always, Trading Edge was there to explain (https://www.facebook.com/BloombergTVPh/videos/1928461877390566/) (http://business.inquirer.net/225894/sm-sell-off-drags-psei) that it was only a one-off event

  • (UPDATED) Time to Pick Up Security Bank Corporation (SECB)?

    (UPDATED) Time to Pick Up Security Bank Corporation (SECB)?

    (UPDATED: 09.13.17). As expected Security Bank Corporation (SECB) has pulled back immediately after the effectivity of its weight increase in the MSCI Philippines Index last August 31. Now that the trading on the stock has normalized, SECB may once again position for an upside swing. As you can see, the stock has managed to establish

  • Take-over Speculation Driving RCB To Its 2013 Peak

    Take-over Speculation Driving RCB To Its 2013 Peak

    Rizal Commercial Banking Corporation (RCB) may likely continue to build onto its recent uptrend. As you can see from its chart, the stock has just broken past another interim resistance at the Php58.70 handle. Its break above the said score may then drive it back towards its 2013 peak of Php74.00. Note that the Php73.00 to

  • Buy alerts from January 11 – 31, 2017

    Buy alerts from January 11 – 31, 2017

    The PSE Index has been trading flat since January 11, 2017. First quarter is about to end. How are your trades?? Here are ours! _________ To know more about the Trading Edge Equity Advisor,  kindly click HERE. Subscribe now to receive email alerts before the price moves! 🙂 *Consensus target price or average target price given by the major

  • Near Term Catalyst For The PSEi

    Near Term Catalyst For The PSEi

    Much has been said already about how the government’s tax reform package will drive the local stock market higher even past its 8,100 peak. For the mean time, the index has been stuck within a tight range with a support at 7,123 and a resistance at 7,400 while the said tax reform is currently being

  • ICT Seen To Extend Its Uptrend

    ICT Seen To Extend Its Uptrend

    As early as August 14, 2016, we already noted in our Equity Advisor that International Container Terminal Services, Inc. (ICT) or ICTSI would end its downtrend and start to pivot higher and aim for a measured objective of Php83.00. Shortly after the said break, the stock had indeed achieved the said goal before it entered

  • A Quiet 17.65% on Agrinurture, Inc. (ANI) in the last 8 weeks!

    A Quiet 17.65% on Agrinurture, Inc. (ANI) in the last 8 weeks!

    In our Equity Advisor issue last November 27, 2016, we noted that Agrinurture, Inc. (ANI) would start its advance and aim for at least Php5.00 following its release from an inverse kilroy formation. A little over 2 months since then, one can see that the stock has indeed achieved the mentioned goal and more. Moving

  • Cosco Capital: A “Cheaper” Entry To Puregold

    Cosco Capital: A “Cheaper” Entry To Puregold

    Puregold Price Club, Inc. (PGOLD) has recently rallied by 25% since its low of Php36.00 on the back of a robust outlook towards the retail consumer space. A lot of institutional investors are banking that the comprehensive tax reform that the government is currently pushing will induce more personal consumption as it aims to reduce

  • PSEi Seen to Recover In 2017 Despite Headwinds

    PSEi Seen to Recover In 2017 Despite Headwinds

    PSEi write-up from the Trading Edge Equity Advisor: December 29, 2016 It was literally a roller coaster ride for the local market over the past couple of years. After reaching an all-time high of 8,136.97 in 2015, the index had since slid back to 6,952.08, effectively erasing all of its gains for that year and more.