money Stock Market

[Dealdealers]

Best tutorial videos?

[cooldadcharlie]

SM – An SM breakout could pull the index out of its channel…   
- SM (BUY, PT: Php973/sh) surged 2.98% to Php865/sh, significantly outperforming the 0.19% rally of the index. The stock continues to stay within its box range of Php840-880/sh. Fundamentally, we like SM given its exposure to SM retail and BDO. We see SM Retail benefitting from the strong momentum of consumer spending as inflationary pressures subside. Meanwhile, BDO will benefit from the improvement in loan demand and asset quality from the BSP's policy rate hikes. Should SM rally above its Php880/sh resistance and the PSEi hold its support level, this could be a chance to pick up the biggest blue chip stock in the country. 

BLOOM – Don’t forget to place your bets, a breakout could be in sight! 
- BLOOM (BUY, PT: Php9.50/sh) jumped 4.08% last Friday, breaching its recent high of Php7.30/sh. Despite its 17.2% rally in August, the stock looks like it is still in a good position to maintain its upward trend. We continue to like the company given its strong earnings growth potential, which will be primarily driven by the easing of restrictions and growing Korean and international player base. As such, look to accumulate BLOOM on pullbacks assuming that the stock doesn’t break below its EMA and support level. We see support at Php6.8/sh and resistance at Php7.8/sh.

Market Summary
(Support: 6,500, Resistance: 7,000)
- The local equities market closed higher on Friday, tracking the performance of Wall Street and other Asian markets. The PSEi gained 12.26 points or 0.18% to close at 6,606.00. The top gainers were SM (+2.98%), GTCAP (+1.99%), and ICT (+1.21%). On the other hand, the top decliners were EMI (-3.60%) and SMPH (-2.67%). 

- Value turnover fell to Php4.3Bil from Php5.2Bil traded in the previous session. Meanwhile, net foreign buying reached Php580Mil, a reversal from the Php49Mil net selling on Thursday.

Local News
- GLO priced its SRO shares at Php1,680/sh and is offering 10.12Mil shares to raise Php17Bil. Proceeds will be used to pay debt obligations and fund capex. Existing shareholders will be entitled to one entitlement right for every 13.2366 shares held. GLO initially intended to raise as much as Php32Bil but cut it down to half after selling some of its tower assets. The ex-rights date and record date are set on Sept. 16 and Sept. 21, respectively. Meanwhile, the offer period is from Oct. 3 to 7. 
 

[maniaagent]

Investments  

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[Fat&Furious]

Any low cap worth watching now? parang magandang magbodega ulit habang patapos ang ghost month..😇

[hopinn]

Any dividend stocks worth investing right now? Meron ako konting stock sa LTG hehe

[Fat&Furious]

mas mahirap na pala makakuha ng reco dito.. sa FB naglipana ang reco, yun nga lang mas madami ang hype.. idagdag mo pa mga kabaliktaran na reco ni Mr smile..😂

[combatjames]

On 9/18/2022 at 9:50 PM, Fat&Furious said:

mas mahirap na pala makakuha ng reco dito.. sa FB naglipana ang reco, yun nga lang mas madami ang hype.. idagdag mo pa mga kabaliktaran na reco ni Mr smile..😂

Iwas sa mga noise.

[Dealdealers]

UITF

[Batang hampas lupa]

Bagsak na naman ang PSE kanina....

[tombone]

For now cash is king and buying stock is for the investor that can wait it out and can handle it on long haul.

[craftsman]

Waiting for MG's reco...🙈🙈🙈

[Boy_SPA69]

buy MF or try commodity stocks lapit na pasko

[Batang hampas lupa]

Balik na uli sa 6k level ang PSE..

[Einsbern]

Looking to buy bank stocks

[jamesbalingit]

bought ABS shares at 7.80

mga 2M worth