DAILY MARKET NOTES, NOVEMBER 10, 2017

PSE 8,433.48 -86.34 (-1.01%)
TURNOVER 6.42B

USD loses ground against major Asian pairs following unsatisfaction of their newly unveiled tax plan. This will delay corporate tax cuts until 2019 at the earliest perhaps.

PSE WAS flat althroughout morning session, before collapsing in the afternoon session.

NFS 222M PHP

NFB: BDO 147M, BLOOM SM MWIDE 50M@, GTCAP URC ICT 35M@, MBT MER SMC 20M@
NFS: AC ALI 80M@, AGI 70M, MPI 65M, SCC 58M, GSMI GLO 40M@, MEG SMPH JFC 20M@

TOP G: IDC RLT MA (what gives here?), CYBR PHES MRSGI
TOP L: BKR PHA OPMB PXP MAC LR PRIM TUGS
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SOME THOUGHTS
WHOLE WEEK NEXT WEEK, THERE IS TRADING FOR THE PSE, despite Asean holidays.

CYBR – delayed reaction to all the RAMON ANG SMC PF GSMI frenzy. Let’s see what happens.

PXP – not enough buyers caused this to buckle down again near 8.

GSMI – speculation frenzy again if there will be a tender or no tender at 51, caused this to rally to 29 again. If you ask me, personally, I don’t think there will be a tender. As I said, if they intended to do so outright, they would have said so clearly in their first disclosure. I think they will do a share swap similar to the SMDC SMPH deal. Wherein your old GSMI shares will be converted into the new upcoming PF company.

TEL – down again after good earnings yesterday!

RLT – rose near closing, due to stupendous 2000% increase net income turnaround! obvious chart targets now are .70 .80.

well, 2nd and 3rd liners were asking for leaders aside from MAC IMI. Could GSMI IDC, and now RLT be the new leaders to awaken the rest?

makes me wonder, if other companies are just about to exit rehab already managed to double triple, and companies like RLT are already staging major turnarounds, cant these at least double?

JGS – again a repeat of last quarter. given all its subsidiaries that reported already, namely: CEB URC all posted earnings drop, there is JUST ONLY A SLIM CHANCE JGS will post good results. Only RLC and TEL posted a slight growth.

SBS RIGHTS AT 4.67 per share.

IDC – aside from the upcoming 45% stock div news, why else is this up x3 in one month?
SOME EARNINGS
RWM: Booked P15.7B in 9M17 gross revs & EBITDA of P2.6B for the same period. Gross gaming revenues for the period ended at P12.8B after the casino closed for 27 days in June
smokes, and mirros for their initial release, but if you analyze the numbers, it’s really a big loss. will place that later.
*edit add
Net Revenues P14.36Bn, down 29% YoY
Net Loss P36.84Mn, vs profit of P2.9Bn LY
PF: 9M17 net inc reached P4.7B (+26% YoY) after consolidated grew 5% to P84.5B driven by its Branded Value-Added & Agro-Industrial businesses

GTCAP: 9M17 core net income rose 19% YoY to P11.0Bn with consolidated revenues reaching 16% YoY to P169.5Bn.

MAC 9M2017 Earnings
Net Service Revenues P2.18Bn, up 25% YoY
Net Income P935.91Mn, up 260% YoY
EAGLE 9M2017 Earnings
Net Sales P11.24Bn, up 12% YoY
Net Profit P3.30Bn, up 8% YoY
CEB 9M2017 Earnings
Total Revenues P50.33Bn, up 8% YoY
Net Income P4.38Bn, down 38% YoY

PCOR 9M2017 Earnings
Consolidated Sales Revenues P313.5Bn, up 27% YoY
Consolidated Net Income P11.8Bn, up 58% YoY
AC 9M2017 Earnings
Total Income P201.53Bn, up 22% YoY
Net Income P23.2Bn, up 18% YoY

SEVN 9mo net profit up 0.8% YoY to P643.4M; Q3 profit up 18% YoY to P201.9M

LR 9M2017 Earnings
Total Revenues P7.3Bn, down 11% YoY
Net Income P400.7Mn, down 64% YoY
RCBC Net Income at P3.4 billion for the first nine months of 2017
Net Income for the 3rd Quarter of 2017 up 19% vs. same period last year

JFC 9mo attributable net profit up 16.3% YoY to P5.11B; Q3 net profit up 21.1% YoY to P1.62

ROBINSONS RETAIL HOLDINGS (RRHI)
Q3 2017
Net Income: P1.2B (DOWN 5%)
Revenue: P27.7B (UP 9%)
—-
9M Net Income: P3.5B (UP 6%)
LTG’s 9mo net profit up 9% YoY to P6.83B on higher tobacco earnings
$X 9M2017 Earnings
Net Sales P1.6Bn, up 51% YoY
Net Income P140Mn, down 27% YoY
ABS-CBN CORP.
(9M 2017)
Net Income: P2.3B (down 18%)
Revenue: P29.5B (down 5%)

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