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Be cautious trading LTG, EMP, & GSMI after President Duterte signed a law increasing Ground Floor, East Tower
excise tax on alcohol, e– cigarettes, and vapor products. PSE Center, Tektite Towers
Ortigas Center, Pasig City
PHILIPPINES
DISCLAIMER
The opinion, views and
recommendations contained in this
MARKET WRAP material were prepared by the
Philstocks Research Team, individually
The market returned above its old support level, up by 147.62 points or 1.98%, to 7,616.35 and separately, based on their specific
after Philippine GDP growth picked up in the fourth quarter at 6.4%. However, value sector assignments, contextual
turnover at P6.624 billion. Advancers finally edged decliners at 116 to 72, while 50 issues framework, personal judgments, biases
were unchanged. and prejudices, time horizons, methods
and other factors. The reader is
Industrials led the rally at 9,601.56 (2.00%) under which is Universal Robina Corporation enjoined to take this into account when
[PSE:URC], the biggest gainer in the index, gaining 5.19% to P162.00. Followed by perusing and considering the contents
Holdings at 7,376.17 (2.23%). Meanwhile, Bloomberry Resorts Corporation [PSE:BLOOM] of the report as a basis for their stock
dropped the most by 0.77% to P10.32 after its rally yesterday. investment or trading decisions.
Furthermore, projection made and
Including all shares, Pepsi-cola Products Phils.Inc. [PSE:PIP] was at the top, adding presented in this report may change or
15.63% to P1.85 after the company announced the re-opening of the Tender offer period. be updated in between the periods of
Meanwhile, IPeople, Inc. [IPO] had the biggest decline of 14.19% to P8.10. release. Ergo, the validity of the
projections and/or estimates
mentioned are good as of the date
LOCAL NEWS indicated and may be changed without
immediate notification.
Inflation risks in 2020 may increase after Vietnam and Thailand cut exports of rice. This
This report is primarily intended for
threatens supply since these two are the biggest rice suppliers in the Philippines. One of
information purposes only and should
the reasons why the inflation rate in 2019 declined, is falling rice prices. If supply drops
not be considered as an exclusive basis
then rice prices in the market may increase. Should the inflation increases, consumer
sector would be affected; consumer spending may lessen. for making investment decision. The
recommendations contained in this
The ASEAN+3 Macroeconomic Research office (AMRO) maintained GDP growth forecast report is not tailored-fit any particular
at 6.4% but revised inflation rate to 3%, higher than 2.9% in December projection. The investor type, situation, or objective
government’s target is between 2%- 4%, given this, we think that this is still manageable and must not be taken as such.
and will not much affect consumer spending. Determining the suitability of an
investment remains within the province
Be cautious trading LTG, EMP, & GSMI after President Duterte signed a law increasing of the investor. Our estimates are
excise tax on alcohol, e– cigarettes, and vapor products. based on information we believe to be
reliable. Nevertheless, nothing in this
report shall be construed as an offer of
a guarantee of a return of any kind and
at any time.
lower expenses. Oil prices in the world market fell to its lowest in seven weeks, amid FIN 1,813.08 18.46 1.03% -2.71%
concerns over coronavirus which started in China. In addition, there is also a huge build-up IND 9,669.26 256.09 2.72% 0.35%
in oil products, HDG 7,376.17 161.02 2.23% -2.84%
HOLD MEGAWIDE CONSTRUCTION CORP. [PSE:MWIDE] Nikkei 225 23,795.44 -235.91 -0.98% 0.59%
ALI 3.55%
GTCAP 2.79%
Source: Tradingview
Rating Definitions:
BUY - More than 15% upside base on the target price
in the next 9-12 months