Philippine Stock Market Research

November 21, 2016

Weekly Stock Market Report and Special Report:  9M16 Earnings Results and the PSEi  

9M16 earnings season closes with many conglomerates announcing their results.  Two conglomerates actually trade below their Estimated Liquidation Values (ELV).  One of which even has two new power plants that just started commercial operations, while the other conglomerate saw one of its businesses surge in earnings on a clever pricing strategy that captured more buyers of its product.

The PSEi clawed back to 7,000, but will it stabilize there?  The answer was found in the other side of the globe where one country’s index outpaced its two other indices as they run to their record highs.  This has happened only twice in the last 20 years before major events happened.  Our outlook remains the same until year-end 2016.