Adrian Yu

Head of Institutional Sales, COL Financial

[Adrian Yu @AdrianNgYu]

Cautiously optimistic on the $PSEi as negative macro headwinds continue to be priced in. See our take on recent FY22 earnings $MER $MPI $FB and $ACEN.

And try to guess our blind item :)

https://t.co/quh7BWZZIp

[April Tan @AprilLeeTan]

Very disappointing results. Much weaker than expected performance most likely due to elevated inflation and high interest rates.

[Adrian Yu @AdrianNgYu]

BSP raised rates today by 50bps to 6%, in line with estimates. This came after higher inflation in Jan

We believe this will provide support to the Peso, which recently broke above 55.20 mark. This supports our view that the rally will be faded with lower high around 55.6 to 56.4

[Adrian Yu @AdrianNgYu]

PSEi set to rebalance within the week, expect huge volume this Friday.

Note that the $MEG and $RLC deletion may already have been priced in as the they have underperformed the mkt by 24.17% and 12.55% respectively from their end Sept 2022 close.

[April Tan @AprilLeeTan]

PSEi member changes:
Additions: DMC, UBP Removals: RLC, MEG

[Adrian Yu @AdrianNgYu]

@IAmTholits $CHP post tender would still be above the minimum 10% float, so delisting is not imminent at this point

[Adrian Yu @AdrianNgYu]

$CHP announces tender offer at Php1.30/sh of up to 1.6billion common shares. This is 27% higher from yday close of Php1.02/sh

[EDEN @eden_holdings]

You can tell which businesses are doing well based on whether they are adding or firing people. 👀

[Adrian Yu @AdrianNgYu]

Last trading day for 2022! See my take for what sectors to watch out for 2023! Hopefully a better year ahead!

https://t.co/0rJI1ajbDN

[Adrian Yu @AdrianNgYu]

$TEL closed down 19.3% to Php1,192/sh on almost Php1.5Bil. Can’t remember the last time an index heavyweight traded like this. Will be watching this stock closely over the next few trading days.

[Adrian Yu @AdrianNgYu]

$TEL now 16.4% to Php1,235/sh. Note that the Php48Bil in question represents 15% of TEL’s mkt cap from yday close. Let’s hope TEL can find a bottom at these levels, or this sell off can further drive $PSEi lower.

[DorisDumlao-Abadilla @Philbizwatcher]

Bourse to probe sell-off in PLDT shares before firm’s disclosure https://t.co/Zib0ZYk88T

[Adrian Yu @AdrianNgYu]

$TEL fell by 4% to Php1478/sh. This sell-off came before the telco publicly announced that they had uncovered over Php48Bil worth of undocumented purchase orders from 2019-22.

Be cautious in trading the bounce on TEL as sentiment on the stock could remain negative medium term.

[zerohedge @zerohedge]

The Principal Market Worry Is Shifting From Inflation To Recession https://t.co/vhH8s42gGE

[April Tan @AprilLeeTan]

Bad news for stocks. Although the Fed’s 50 bps rate hike was widely expected, the dot plot’s implied peak rate increased to 5.1% next year as Fed chairman Powell said they still have some ways to go.

[Gunjan Banerji @GunjanJS]

CPI days have grown more volatile throughout the year

https://t.co/pQHDa0nOnk

[Adrian Yu @AdrianNgYu]

US inflation number out later 9:30pm. Consensus expecting 7.3%, down from 7.7% in October. Hoping for a good print tonight to fuel a Christmas rally to end the year. Expecting blue chips to continue leading the way should mkt react to a positive print.

[MoneyTradeEdge | Better Thinking Better Trading @MoneyTradeEdge]

The more you trade,

The more you realize that the hard part is being patient, disciplined, overcoming failures, executing over and over for 5-10 years.

[April Tan @AprilLeeTan]

CNVRG, GTCAP & MPI removed fr MSCI Philippines index as expected.

[Adrian Yu @AdrianNgYu]

@philipgo88 There is no rule that prevents MSCI from deleting issues without adding a replacement.

[Adrian Yu @AdrianNgYu]

Expected Nov MSCI Rebal: $CNVRG out, $GTCAP $MPI at risk

These stocks' free float mkt caps are below the average ~$717Mil of recent deletions.

For computation, MSCI randomly selects the closing price from the last 10 days of Oct in computing mkt cap for the Nov rebal.

[Adrian Yu @AdrianNgYu]

@jamestiutiu Highest chance to be included would be $UBP with est. FIF mkt cap at USD960Mil, followed by $SCC at USD705Mil and $DMC at USD608Mil.

Note that $CNVRG was the lowest in recent memory to get included at USD1.1Bil