The bears woke up after a short slumber. The Psei closed April 4 at 2983.94, 51.77 points lower than the previous day's close. All but one (BDO) of the top traded stock for the day went down. BDO remained unchanged at Php53.50.
The Philippine Stock Exchange seems to have been under the bears control for too long, but the activity during the early part of the week tells me that its possible that we'll be hearing more than just a strong dissent from the bulls.
Friday, April 4, 2008
taking a breather from the gains
The Philippine Stock Exchange Index had been on the rise, finally breaking that 3000 level after languishing below it too long for comfort.
The PSEi closed April 3 slightly above the 3000 level.
BDO, MER and MWC took most of my attention.
MER
Although MER fell from its glorious high of 114 within the past 52 weeks, it seems to be doing much better than its counterparts. I've always wondered if hot summer months make life better for a utility company like meralco. MER closed April 3 at Php81.50.
MWC
I only decided to check this company out after my girlfriend told me to buy it based on a random thought. I did some research and found it suited my preferences for stocks. The long and short was that I bought it at the 14 level and sold happily at around 17.75. MWC closed April 3 at Php18.25
BDO
We often refer to this as "Henry Sy's Bank" or "SM bank." I know someone who won't buy this stock solely because she doesn't personally like the ol' man Henry. I like it because I think they do their business well. Whether I agree with them, like them, or totally abhor the personalities behind that bank, I have to admit they are good and its obvious that they are good. BDO closed April 3 at Php53.50
The PSEi closed April 3 slightly above the 3000 level.
BDO, MER and MWC took most of my attention.
MER
Although MER fell from its glorious high of 114 within the past 52 weeks, it seems to be doing much better than its counterparts. I've always wondered if hot summer months make life better for a utility company like meralco. MER closed April 3 at Php81.50.
MWC
I only decided to check this company out after my girlfriend told me to buy it based on a random thought. I did some research and found it suited my preferences for stocks. The long and short was that I bought it at the 14 level and sold happily at around 17.75. MWC closed April 3 at Php18.25
BDO
We often refer to this as "Henry Sy's Bank" or "SM bank." I know someone who won't buy this stock solely because she doesn't personally like the ol' man Henry. I like it because I think they do their business well. Whether I agree with them, like them, or totally abhor the personalities behind that bank, I have to admit they are good and its obvious that they are good. BDO closed April 3 at Php53.50
Monday, March 31, 2008
PX at sixish...
Around November last year, I was kicking myself for not buying this stock. It was hovering around the fivish level for so long, I thought it was stuck there for good. Hehe. Yet, by November last year it was punching the 11 level and looking like it was ready to hit 12.
Everyone is a genius in hindsight. Ideally, I should have bought some at the fivish level, sold it when it reached around ten, then by now I would happily be considering buying some back at its current levels.
But no, we bought some geo at a price range with a low of 1.5 and a high of 2.4. When it peaked at 2.7, I failed to see it sputter. Now its down to 1.2 and I'm having a big exercise in patience.
Everyone is a genius in hindsight. Ideally, I should have bought some at the fivish level, sold it when it reached around ten, then by now I would happily be considering buying some back at its current levels.
But no, we bought some geo at a price range with a low of 1.5 and a high of 2.4. When it peaked at 2.7, I failed to see it sputter. Now its down to 1.2 and I'm having a big exercise in patience.
rice shortage in the philippines - it sounds like a joke!
The newspapers reported of a rice shortage. I thought it was a joke. Soon after, I heard it on TV too. I guess they weren't kidding. It was a serious issue. It just sounds so crazy that a country like the Philippines would be worrying about a rice shortage.
From what I've read, the government denies that we shouldn't be affected by the Global crisis. I really have to agree with that. Yet, a tiny part of me wouldn't put it past shady businessmen to begin hoarding and create that shortage locally and make a pretty penny while at it. I hope they catch those suckers!
From what I've read, the government denies that we shouldn't be affected by the Global crisis. I really have to agree with that. Yet, a tiny part of me wouldn't put it past shady businessmen to begin hoarding and create that shortage locally and make a pretty penny while at it. I hope they catch those suckers!
little worries about the philippine economy
With all the talk about a Global slowdown, economists largely agree that the Philippines will be better off than the neighboring countries.
I wonder why there's so little worry about the Philippine economy. Here some things that keep me from worrying too much about our economy:
1. Our Exports are no longer beholden to the U.S. economy. We have buyers in many other parts of the world.
2. Large foreign denominated income keeps growing. OCWs and BPOs are the champions here. Note that they do not earn only in dollars. OCWs are all over the world and a good number of them receive Euros and australian dollars. The same is true for BPO. We import jobs from all over the world.
3. The BSP is doing a fine job. While the BSP reported losses, we must remember that the BSP is not there to earn lots of income. It serves the primary purpose of keeping the peso stable. Prior BSP officials can only agree that the incumbents have done a good job.
4. The world's appetite for minerals and agricultural products are rising. Whether we want it or not, the Philippine's has major strategic advantages in these areas.
5. The world is sick of being oil dependent and solutions are coming soon. The most obvious is the rising sales of small cars. While the nano of tata probably won't be sold here anytime soon. China and korea have shared the blessing of the picanto for kia, the getz from hyundai and the qq from chery. Tiny engines help Pinoys deal with rising oil prices. Chery's qq has a surprisingly small engine. Its displacement is at a jaw dropping and almost funny level of .8 liters.
I wonder why there's so little worry about the Philippine economy. Here some things that keep me from worrying too much about our economy:
1. Our Exports are no longer beholden to the U.S. economy. We have buyers in many other parts of the world.
2. Large foreign denominated income keeps growing. OCWs and BPOs are the champions here. Note that they do not earn only in dollars. OCWs are all over the world and a good number of them receive Euros and australian dollars. The same is true for BPO. We import jobs from all over the world.
3. The BSP is doing a fine job. While the BSP reported losses, we must remember that the BSP is not there to earn lots of income. It serves the primary purpose of keeping the peso stable. Prior BSP officials can only agree that the incumbents have done a good job.
4. The world's appetite for minerals and agricultural products are rising. Whether we want it or not, the Philippine's has major strategic advantages in these areas.
5. The world is sick of being oil dependent and solutions are coming soon. The most obvious is the rising sales of small cars. While the nano of tata probably won't be sold here anytime soon. China and korea have shared the blessing of the picanto for kia, the getz from hyundai and the qq from chery. Tiny engines help Pinoys deal with rising oil prices. Chery's qq has a surprisingly small engine. Its displacement is at a jaw dropping and almost funny level of .8 liters.
Subscribe to:
Posts (Atom)
