• SMPH Year-End Objective Achieved!

    SMPH Year-End Objective Achieved!

    SM Prime Holdings, Inc. (SMPH), as expected, has indeed reached its 2013 peak again shortly after it escaped above its prior resistance at Php18.00. In the near term, however, the stock may likely see some more selling pressure and wilt back to around Php19.40. This is because the stock is presently facing a major hurdle

  • One Positive Technical Aspect On SMPH

    One Positive Technical Aspect On SMPH

    SM Prime Holdings, Inc. (SMPH) remains trapped below its midterm downtrend line. Last May, the stock attempted to rise past the Php17.00 marker but was again stopped by the same midterm supply line. A resistance there led it to fall to around Php15.80. Despite the major hindrances above, the stock appears to be building a

  • Jump in PSEi Weight Caused SMPH to Surge

    Jump in PSEi Weight Caused SMPH to Surge

    Shares of SM Prime Holdings, Inc. (SMPH) spiked by 15.86% to close at Php19.58 from Php16.90 as its weight on the Philippine Stock Exchange Index or the PSEi was revised upwards to 5.3% from 3.2%. SMPH’s announcement regarding the decrease in its public float to 26.50% from 30.49% and the increase in its authorized capital

  • SMPH Initial Target Hit

    SMPH Initial Target Hit

    Our quick play on SM Prime Holdings, Inc. (SMPH) that we suggested in our Equity Advisor issue last April 10 lagged a bit but nonetheless proved to be well. In that issue, we noted that it may find some support at Php19.00 and then later on use this support as a platform for it to