PSE Market Outlook (9 May 2024) by 2TradeAsia
After April’s latest CPI, participants will be heeding for the release of 1Q24 GDP data (coming from 1Q23 GDP of +6.4%, 4Q23 GDP of +5.6%).
Stock in Focus: Jollibee Foods Corp. (JFC) – 8 May 2024 by AP Securities
Our recommendation and 1-year Target Price for this stock is
Stock in Focus: Philippine National Bank (PNB) – 8 May 2024 by AP Securities
Our recommendation and 1-year Target Price for this stock is
Stock in Focus: Robinsons Land Corp. (RLC) – 8 May 2024 by Regina Capital Development Corp.
Our Target Price and recommendation for this stock is
Stock in Focus: Universal Robina Corp. (URC) – 8 May 2024 by RCBC Securities
Our recommendation and 1-year Target Price for this stock is
Stock in Focus: BDO Unibank, Inc. (BDO) – 8 May 2024 by RCBC Securities
Our Target Price and recommendation for this stock is
Commentary: Despite inflation risks, index target of 7,300 remains
Here’s a commentary on an important issue or event affecting the stock market
FREE Commentary: Tourism recovery and its impact on Property and Consumer stocks
Here’s a commentary on an important issue or event affecting the stock market
Commentary: Tourism recovery and its impact on Property and Consumer stocks
Here’s a commentary on an important issue or event affecting the stock market
Technicals Talk: Puregold Price Club, Inc. (PGOLD) – 8 May 2024 by Regina Capital Development Corp.
PGOLD is currently seeing more bullish conditions with a sharp uptick in RSI which is now neutral at 44.75, improving from the recent oversold conditions, suggesting a potential bullish reversal supported by a positive crossover in MACD.
Technicals Talk: Century Pacific Food, Inc. (CNPF) – 8 May 2024 by Regina Capital Development Corp.
CNPF follows its uptrend as it continues to bounce at its support of P36 to create higher lows.
Technicals Talk: Semirara Mining and Power Corp. (SCC) – 8 May 2024 by Regina Capital Development Corp.
SCC currently fell below its ,oving averages and it continues to move to its support level of P29.00.
Technicals Talk: Nickel Asia Corp. (NIKL) – 8 May 2024 by Regina Capital Development Corp.
NIKL is currently exhibiting signs of bullish momentum.
PSE Market Outlook (8 May 2024) by Regina Capital Development Corp.
The local bourse was rejected below 100-MA after it tried to break it last Monday.
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