Escolar Documentos
Profissional Documentos
Cultura Documentos
PINOYINVESTOR
Make the right stock investment decisions with
the help of the country's top expert brokers
OUR OFFICIAL PARTNER BROKERS:
16 Sep 2013 | www.pinoyinvestor.com
* This section summarizes our partner brokers expected movement of the Philippine Stock Exchange index (PSEi) in
the coming week. Take note that the opinion primarily relies on Technical Analysis and may be useful only to shortterm traders. Long-term investors may consider this weeks outlook but should remember that the information is
short-term in nature and may not necessarily impact their long-term investing strategy.
Philippine
Stock
Exchange
index (PSEi)
First Metro
Securities
OPINION
ISSUED ON
13 Sept
2013
SUPPORT
6,100 /
5,562
RESISTANCE
6,244 /
6,370
territory.
STOCHASTICS %K crossed above %D and
both lines are now trending up.
ACTION: The bounce which started from
oversold conditions has led the market to
trend up in the short term. However,
cautious trading should still be exercised as
indicators still confirm the intermediate
downtrend.
Traders who are long may lighten up on
strength or on a further pullback from the
resistance at 6,244. Counter trend traders
who bought on the bounce and are
recommended to take profits on a further
pullback from the resistance at 6,244. Keep
stops on the break of 6,100.
Philippine
Stock
Exchange
index (PSEi)
AB Capital
Securities
13 Sept
2013
None given
PSE index
(PSEi) Stock
Picks
Growth /
Value Stock
Picks
Speculative
Stock Picks
MEANING
TARGET INVESTORS
TIME HORIZON
Long-term investors
looking to invest in
Mid- to Longcompanies with a good
term
track record that can
(at least
provide capital
5-10 years)
appreciation in the next
5-10 years
Long-term investors
Top 10 growth or value
stocks outside the PSE index
looking to invest in
Mid- to Longwith the highest number of
companies with high
term
Buy recommendations from potential for growth or
(at least
our partner brokers, offering
that are relatively
5-10 years)
at least 12% potential profit
undervalued
Speculative traders
Top 10 stocks considered
looking to make quick
Short-term
high-risk or speculative,
trades that can result in
(may be 1
offering the highest possible
either huge gains or
year or less)
profit among all stocks
losses
Top 10 stocks belonging to
the PSE index with the
highest number of Buy
recommendations from our
partner brokers, offering at
least 12% potential profit
APPLICABLE
INVESTMENT
STRATEGIES
Buy and
Hold or
Cost
Averaging
Buy and
Hold or
Cost
Averaging
Market
Timing
Number of Brokers
recommendations
Last Week
STOCK
CODE
COMPANY
BUY
HOLD
SELL
Brokers
Average
Target
Price
XXXX
XXXX XXXX
XXXX
XXXX
84.66%
54.41
22.50
PCOR
Petron Corp
17.77
12.22
45.40%
20.50
14.80
XXXX
XXXX XXXX
XXXX
XXXX
43.28%
143.20
90.00
XXXX
XXXX XXXX
XXXX
XXXX
37.84%
6.65
5.37
XXXX
XXXX XXXX
XXXX
XXXX
32.78%
109.61
70.00
XXXX
XXXX XXXX
XXXX
XXXX
18.63%
773.00
455.28
XXXX
XXXX XXXX
XXXX
XXXX
12.58%
117.20
92.24
XXXX
XXXX XXXX
XXXX
XXXX
24.73%
28.80
22.02
XXXX
XXXX XXXX
XXXX
XXXX
76.12%
21.10
10.00
10
XXXX
XXXX XXXX
XXXX
XXXX
37.50%
448.52
274.00
Closing
Price on
Sept. 13,
2013
Potential
Profit %
Brokers
Highest
Target
Price
Brokers
Lowest
Target
Price
BUY
HOLD
SELL
* CHANGE FROM PREVIOUS ISSUE: INCREASE IN TARGET PRICE || DECREASE IN TARGET PRICE || CHANGE IN NUMBER OF RECOMMENDATIONS || NEWLY ADDED
Number of Brokers
recommendations
Last Week
STOCK
CODE
COMPANY
BUY
HOLD
SELL
Brokers
Average
Target
Price
XXXX
XXXX XXXX
XXXX
XXXX
72.30%
517.47
351.50
XXXX
XXXX XXXX
XXXX
XXXX
56.67%
2.93
1.97
XXXX
XXXX XXXX
XXXX
XXXX
52.44%
154.06
91.20
XXXX
XXXX XXXX
XXXX
XXXX
23.09%
359.83
327.00
XXXX
XXXX XXXX
XXXX
XXXX
58.07%
82.80
56.10
XXXX
XXXX XXXX
XXXX
XXXX
55.54%
232.74
142.50
XXXX
XXXX XXXX
XXXX
XXXX
27.65%
162.20
144.63
EW
36.63
25.50
43.66%
40.90
31.80
XXXX
XXXX XXXX
XXXX
XXXX
28.60%
86.79
57.75
10
XXXX
XXXX XXXX
XXXX
XXXX
18.00%
7.30
5.23
Closing
Price on
Sept. 13,
2013
Potential
Profit %
Brokers
Highest
Target
Price
Brokers
Lowest
Target
Price
BUY
HOLD SELL
* CHANGE FROM PREVIOUS ISSUE: INCREASE IN TARGET PRICE || DECREASE IN TARGET PRICE || CHANGE IN NUMBER OF RECOMMENDATIONS || NEWLY ADDED
16 Sep 2013 | www.pinoyinvestor.com | Back to Top | page 10
Number of Brokers
recommendations
Last Week
STOCK
CODE
COMPANY
BUY
HOLD
SELL
Brokers
Average
Target
Price
XXXX
XXXX XXXX
XXXX
XXXX
394.84%
7.67
7.67
XXXX
XXXX XXXX
XXXX
XXXX
315.29%
10.59
10.59
XXXX
XXXX XXXX
XXXX
XXXX
235.46%
4.73
4.73
XXXX
XXXX XXXX
XXXX
XXXX
104.39%
2.33
2.33
XXXX
XXXX XXXX
XXXX
XXXX
97.17%
11.85
11.85
XXXX
XXXX XXXX
XXXX
XXXX
80.27%
25.37
20.18
XXXX
XXXX XXXX
XXXX
XXXX
75.57%
4.89
2.80
XXXX
XXXX XXXX
XXXX
XXXX
71.51%
14.61
7.48
XXXX
XXXX XXXX
XXXX
XXXX
60.72%
17.44
14.80
10
BEL
Belle Corp
7.70
4.94
55.77%
8.05
7.34
Closing
Price on
Sept. 13,
2013
Potential
Profit %
Brokers
Highest
Target
Price
Brokers
Lowest
Target
Price
BUY
HOLD
SELL
* CHANGE FROM PREVIOUS ISSUE: INCREASE IN TARGET PRICE || DECREASE IN TARGET PRICE || CHANGE IN NUMBER OF RECOMMENDATIONS || NEWLY ADDED
* Looking for more stocks to invest in? Here are our partner brokers recommendations on 30 other Actively Traded
PSE stocks. Take note that Target Prices are based on fundamental analysis, which means these stocks are typically
intended for mid- to long-term investing. Stocks are arranged from highest to lowest Profit Potential %.
Brokers
recommendation
Last Week
STOCK
CODE
COMPANY
BUY
HOLD
SELL
Brokers
Average
Target
Price
XXXX
XXXX XXXX
XXXX
XXXX
81.31%
133.90
129.00
XXXX
XXXX XXXX
XXXX
XXXX
72.49%
174.41
111.00
XXXX
XXXX XXXX
XXXX
XXXX
56.91%
53.47
47.58
XXXX
XXXX XXXX
XXXX
XXXX
56.45%
106.11
55.00
XXXX
XXXX XXXX
XXXX
XXXX
54.20%
21.40
17.15
XXXX
XXXX XXXX
XXXX
XXXX
50.55%
59.68
46.40
XXXX
XXXX XXXX
XXXX
XXXX
44.23%
7.80
7.20
XXXX
XXXX XXXX
XXXX
XXXX
43.55%
29.30
16.35
Closing
Price on
Sept. 13,
2013
Potential
Profit %
Brokers
Highest
Target
Price
Brokers
Lowest
Target
Price
BUY
HOLD
SELL
Brokers
recommendation
THIS WEEK
Brokers
recommendation
Last Week
STOCK
CODE
COMPANY
BUY
HOLD
SELL
Brokers
Average
Target
Price
DMC
DMCI Holdings
64.50
45.50
41.75%
90.40
46.19
10
XXXX
XXXX XXXX
XXXX
XXXX
39.62%
39.95
31.30
11
XXXX
XXXX XXXX
XXXX
XXXX
38.17%
5.15
3.30
12
XXXX
XXXX XXXX
XXXX
XXXX
34.35%
12.44
9.54
13
XXXX
XXXX XXXX
XXXX
XXXX
31.33%
8.90
7.91
14
XXXX
XXXX XXXX
XXXX
XXXX
29.80%
15.85
10.74
15
XXXX
XXXX XXXX
XXXX
XXXX
27.96%
1,200.00
734.06
16
XXXX
XXXX XXXX
XXXX
XXXX
19.08%
21.60
17.50
17
XXXX
XXXX XXXX
XXXX
XXXX
18.94%
7.40
4.66
18
XXXX
XXXX XXXX
XXXX
XXXX
18.08%
37.21
21.71
19
XXXX
XXXX XXXX
XXXX
XXXX
14.68%
3,549.31
2,918.20
20
XXXX
XXXX XXXX
XXXX
XXXX
14.47%
937.50
905.48
Closing
Price on
Sept. 13,
2013
Potential
Profit
(Loss) %
Brokers
Highest
Target
Price
Brokers
Lowest
Target
Price
Brokers
recommendation
THIS WEEK
Brokers
recommendation
Last Week
STOCK
CODE
COMPANY
BUY
HOLD
SELL
Brokers
Average
Target
Price
21
XXXX
XXXX XXXX
XXXX
XXXX
13.62%
48.00
39.80
22
XXXX
XXXX XXXX
XXXX
XXXX
11.15%
14.82
11.00
23
XXXX
XXXX XXXX
XXXX
XXXX
9.90%
22.20
22.20
24
XXXX
XXXX XXXX
XXXX
XXXX
9.10%
42.72
32.20
25
XXXX
XXXX XXXX
XXXX
XXXX
4.81%
57.50
40.30
26
XXXX
XXXX XXXX
XXXX
XXXX
3.24%
32.60
24.56
27
XXXX
XXXX XXXX
XXXX
XXXX
0.61%
149.10
89.89
28
XXXX
XXXX XXXX
XXXX
XXXX
-8.35%
1,582.00
1,350.00
29
XXXX
XXXX XXXX
XXXX
XXXX
-10.59%
100.30
63.23
30
XXXX
XXXX XXXX
XXXX
XXXX
-10.61%
174.60
135.00
Closing
Price on
Sept. 13,
2013
Potential
Profit
(Loss) %
Brokers
Highest
Target
Price
Brokers
Lowest
Target
Price
BUY
HOLD
SELL
* CHANGE FROM PREVIOUS ISSUE: INCREASE IN TARGET PRICE || DECREASE IN TARGET PRICE || CHANGE IN NUMBER OF RECOMMENDATIONS
* The Stock in Focus section summarizes our partner brokers analyses of a particular stock. This explains the
current stock performance, rationale for its target price, and future prospects.
COMPANY
APX
XX
XX
XXXX
Closing
Price on
Sept. 11,
2013
Potential
Profit %
Brokers
Highest
Target
Price
Brokers
Lowest
Target
Price
XXXX
XXXX
XXXX
XXXX
APEX MINING CO. (APX)s STOCK AND VALUATION DATA (from AB Capital Securities)
AB Capital
Securities
RECOMMENDATION
XXXX
TARGET
PRICE
XXXX
TARGET
PRICE
ISSUED ON
12 Sept
2013
* The Stock in Focus section summarizes our partner brokers analyses of a particular stock. This explains the
current stock performance, rationale for its target price, and future prospects.
Sector: Construction
STOCK
CODE
COMPANY
HLCM
Holcim Philippines
Closing
Price on
Sept. 13,
2013
Potential
Profit %
Brokers
Highest
Target
Price
Brokers
Lowest
Target
Price
13.46
13.77%
19.00
12.24
15.31
AB Capital
Securities
RECOMMENDATION
SELL
TARGET
PRICE
12.24
TARGET
PRICE
ISSUED ON
10 Sept
2013
* The Stock in Focus section summarizes our partner brokers analyses of a particular stock. This explains the
current stock performance, rationale for its target price, and future prospects.
Sector: Construction
STOCK
CODE
COMPANY
LRI
XX
XX
XX
Closing
Price on
Sept. 13,
2013
Potential
Profit %
Brokers
Highest
Target
Price
Brokers
Lowest
Target
Price
XXXX
XXXX
XXXX
XXXX
XXXX
AB Capital
Securities
RECOMMENDATION
XXXX
TARGET
PRICE
XXXX
TARGET
PRICE
ISSUED ON
10 Sept
2013
* The Stock in Focus section summarizes our partner brokers analyses of a particular stock. This explains the
current stock performance, rationale for its target price, and future prospects.
COMPANY
PCOR
Petron Corp
XX
XX
XXXX
Closing
Price on
Sept. 13,
2013
Potential
Profit %
Brokers
Highest
Target
Price
Brokers
Lowest
Target
Price
XXXX
XXXX
XXXX
XXXX
PETRON CORP. (PCOR)s FINANCIAL AND VALUATION DATA (from AB Capital Securities)
RECOMMENDATION
TARGET
PRICE
TARGET
PRICE
ISSUED ON
XXXX
XXXX
11 Sept
2013
* This section features our partner brokers comments on market issues that are currently the talk of the town. Here
are their thoughts and opinions provided to PinoyInvestor!
OPINION
ISSUED ON
Why is the Peso depreciating? What is the cause of the sudden and sharp
decline? When will it stabilize?
Wealth
Securities
09 Sept
2013
How swiftly things change. Early this year, many were concerned that the
Peso was appreciating too much. Major foreign investment banks were calling
for the USD/PHP rate to break below PHP 40.00 and appreciate towards the
PHP 37.50 to 38.00 range. But people have gotten so accustomed to a rising
peso the past eight years that the thought of it reversing seems so farfetched.
This is why many were surprised and continue to be puzzled by the sudden
depreciation of the Peso, falling 7.3% since the May 22 Fed taper speech by
Bernanke.
In the foreign exchange market, trends have a tendency to last for several
years. It took eight years (from the 1997 Asian Financial Crisis to 2005) before
the long-term downtrend of the peso reversed. Note that the trend line break
in 2005 coincided with major fiscal reforms at that time, particularly the
implementation of EVAT, in addition to other fundamental catalysts.
16 Sep 2013 | www.pinoyinvestor.com | Back to Top | page 26
Today, fundamentals are also aligning with technicals with regard to the
Peso. As you can see from the chart above, it also took eight years before the
long-term uptrend of the peso was broken.
Coinciding with the technical break, the following fundamental factors argue
for a weaker peso:
16 Sep 2013 | www.pinoyinvestor.com | Back to Top | page 27
* This section features our partner brokers comments on market issues that are currently the talk of the town. Here
are their thoughts and opinions provided to PinoyInvestor!
OPINION
ISSUED ON
For over two years now, a moratorium has been imposed by the government
on the issuance of permits to miners. This will not be lifted until the Congress
passes a new revenue scheme which will give the government an improved
share. Currently, the Philippine government is getting XX% in excise tax,
XX% royalty on those in mineral reservations, plus all other taxes for a total of
about XXX%.
AB Capital
Securities
09 Sept
2013
* Important news and updates last week about top Philippines companies are highlighted in this section. These
developments can affect their respective stock prices so better read them to be in the know!
Century
Property Group
(CPG)
DMCI
(DMC)
ANNOUNCED
ON
NEWS / DISCLOSURES
10 Sept
2013
11 Sept
2013
International
Container
Terminal
Services
(ICT)
iRemit Inc.
(I)
11 Sept
2013
13 Sept
2013
10 Sept
2013
iRemit Inc. (I) has gained regulatory approval for plan to XXXX
XXXX XXXX XXXX, which enables the company to engage in XXXX
XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX or
other similar instruments. The expansion will help the company to
engage in more extensive foreign currency transactions, thus
giving the company the ability to maximize returns.
Philippine
National Bank
(PNB)
Philex Mining
Corp.
(PX)
09 Sept
2013
11 Sept
2013
13 Sept
2013
PLDT
(TEL)
SM Development
Corp.
(SMDC)
10 Sept
2013
13 Sept
2013
12 Sept
2013
* Which companies are distributing dividends? Are you entitled to receive dividend income? Find out here! To learn
more about Ex-Dates and Dividends, read the article Dividend Distribution in the Philippines.
Cash Dividend
Ex-Date
Payment Date
JFC
16 September 2013
14 October 2013
SMC2A
11 September 2013
01 October 2013
SMC2B
11 September 2013
01 October 2013
SMC2C
11 September 2013
01 October 2013
BDO
10 September 2013
30 September 2013
RFM
06 September 2013
07 October 2013
GTCAP
05 September 2013
02 October 2013
AGI
04 September 2013
24 September 2013
ALI
03 September 2013
20 September 2013
* The Technicals Talk section summarizes our partner brokers technical analysis of select PSE stocks. Technical
Analysis relies on trends and price movements and is typically used for short-term trading. To learn more about
Technical Analysis, access the free educational resources at the PinoyInvestor Academy.
INDEX /
STOCK
Aboitiz
Power
(AP)
BROKER
First Metro
Securities
OPINION
ISSUED ON
13 Sept
2013
SUPPORT
XXXX
RESISTANCE
XXXX
* The Technicals Talk section summarizes our partner brokers technical analysis of select PSE stocks. Technical
Analysis relies on trends and price movements and is typically used for short-term trading. To learn more about
Technical Analysis, access the free educational resources at the PinoyInvestor Academy.
INDEX /
STOCK
BROKER
OPINION
ISSUED ON
SUPPORT
RESISTANCE
First Metro
Securities
10 Sept
2013
XXXX
XXXX
* The Technicals Talk section summarizes our partner brokers technical analysis of select PSE stocks. Technical
Analysis relies on trends and price movements and is typically used for short-term trading. To learn more about
Technical Analysis, access the free educational resources at the PinoyInvestor Academy.
INDEX /
STOCK
BROKER
OPINION
ISSUED ON
SUPPORT
RESISTANCE
First Metro
Securities
12 Sept
2013
6.15 /
5.80
6.64 /
7.23
* The Technicals Talk section summarizes our partner brokers technical analysis of select PSE stocks. Technical
Analysis relies on trends and price movements and is typically used for short-term trading. To learn more about
Technical Analysis, access the free educational resources at the PinoyInvestor Academy.
INDEX /
STOCK
LT Group
Inc.
(LTG)
BROKER
OPINION
ISSUED ON
SUPPORT
RESISTANCE
11 Sept
2013
XXXX
XXXX
ABOUT PINOYINVESTOR.COM
Investing in the stock market is not easy. Thats why we created PinoyInvestor for you, stock
market investor. Why? Because you may not have time to thoroughly research and analyze
stocks yourself. More importantly, because you need more than just one source of stock picks!
Think about it: Wouldnt it be more profitable (and a lot less risky!) to know which stocks are
recommended not just by one, but by several brokerage firms? Truth be told, the consensus
recommendation of several expert brokers is more likely to be the right decision to make!
PinoyInvestor reveals to you every week the stock picks, target
prices, and Buy / Hold / Sell recommendations from not just
one, but several of the best brokerage firms in the country!
Altogether, our partner brokers have over 100 years of
experience investing in the stock market!
Just look at the returns you could have made in 2012 with
PinoyInvestors Top Stock Picks then: 66% to as much as 98%!
Start making the right investment decisions with the help of the countrys top
brokerage firms. Learn more and sign up for FREE at http://www.pinoyinvestor.com!
16 Sep 2013 | www.pinoyinvestor.com | Back to Top | page 45
Company Profile
Wealth Securities Inc. is a leading stock brokerage in the Philippines and member of the Philippine Stock Exchange. It has
ranked among the top 20 brokerages in the Philippines since its incorporation in November 1986. In 2000, Wealth received
the Euro Money Award for Excellence as the "Best Domestic Securities House in the Philippines". Wealth caters to both retail
and institutional clients in the Philippines and overseas. With over 25 years of experience in equity securities, its research
team is often quoted in local newspapers and journals for their stock picks and coverage of mid-to-large cap stocks. Over the
years, Wealth has developed a reputation for having a keen eye in spotting small companies with sound fundamentals and
strong growth potential.
Definition Wealth SecuritiesStock Ratings
Buy Over the next 6 to 12 months, share price is expected to increase by 12% or more
Hold Over the next 6 to 12 months, share price is expected to move within a range +/- 12%
Sell Over the next 6 to 12 months, share price is expected to decline by 12% or more
Contact Information
WEALTH SECURITIES INC.
2103-A East Tower, Philippine Stock Exchange Center
Exchange Road, Ortigas Center
Pasig City 1605
Email: office@wealthsec.com
Website: https://www.wealthsec.net
16 Sep 2013 | www.pinoyinvestor.com | Back to Top | page 46
Contact Information
AB CAPITAL SECURITIES, INC.
Units 1401-1403, 14th Floor Tower One & Exchange Plaza Ayala Triangle,
Ayala Avenue Makati City, Metro Manila 1226
Tel.: (632) 898-7555
Fax: (632) 898-7596
Email: customerservice@abcapital.com.ph
Website: www.abcapitalsecurities.com.ph
16 Sep 2013 | www.pinoyinvestor.com | Back to Top | page 47
Company Profile
Yapster e-Trade, Inc., through its website, www.2TradeAsia.com, is the online arm of F. Yap Securities, Inc. The company
was granted pioneer status by the Board of Investments on February 2001 as the first in the Philippines to provide a complete
solution that integrates trading, financial planning and portfolio management capabilities online. 2TradeAsia provides the
following online services: Internet-based stock market trading; Real-time ticker and quotes; Philippine and international news;
Daily, weekly and quarterly market commentary and outlook; Corporate features; and Portfolio and account management.
Definition of F. Yap Securities, Inc. / 2TradeAsia.coms Stock Ratings
Buy Stocks with sustainable and strong fundamentals. Target price is seen to be reached within the next 12 months.
Hold Stocks that are trading near or at fair value.
Sell Stocks with unfavorable valuations and fundamentals due to risks or uncertainties within the next 6-12 months.
Contact Information
F. YAP SECURITIES, INC.
17/F Lepanto Bldg., 8747 Paseo de Roxas
Makati City 1226
Tel.: (632) 856-7680 / (632) 840-8330
Fax: (632) 813-0865
Email: info@2tradeasia.com
Website: www.2tradeasia.com
16 Sep 2013 | www.pinoyinvestor.com | Back to Top | page 49
DISCLAIMER
The contents of this document are not to be construed as an offer, invitation, solicitation,
advertisement, inducement or representation of any kind. The information contained herein is
not to be relied upon as authoritative or taken in substitution for the exercise of judgment by
any recipient. The information in this report is not intended as financial advice. The
information and opinions found herein constitute a judgement of our partner brokers as of the
date indicated and are subject to change without notice. The information may, therefore, not
be accurate or current.
Readers of this report should be aware that investments in securities, such as stocks or other
financial instruments, involve risks. Loss of capital is a possibility. Past results are not and
cannot be a guarantee of future performance.
CONFIDENTIALITY
All content in this document is for the sole use of the account owner and may NOT be shared,
copied, reproduced, distributed, or transmitted without PinoyInvestor.com's prior written
consent. Violation of this policy may result to denial of access and permanent ban, forfeiting
any remaining paid credits.
16 Sep 2013 | www.pinoyinvestor.com | Back to Top | page 51