Gomer F. Tan

May 21, 2012

PHES- News of the signing next week with the Ayala Group regarding the Plastic City.  52 week high is P0.99 per share.

DISCLOSURES:

Vista Land & Lifescapes, Inc. (VLL) - Annual Meeting of Stockholders, which will be held on June 15, 2012 at 9:00 a.m. at the Monte di Portofino, Portofino Subdivision, Daang Hari, Las Piñas, City.

EasyCall Communications Philippines, Inc. (ECP) -The stockholders meeting is postponed to  01 August 2012 to be held at the Lighthouse Theatre at 10:00 am.  The record date of the stockholders who are allowed to vote is set at 01 June 2012.  

Makati Finance Corporation (MFIN) - Annual Stockholders' Meeting, which will be held on 28 June 2012 at 5:00 p.m. at the Ascott Makati, Ayala Center, Makati City.

International Container Terminal Services, Inc. (ICT) -  ICTSI hereby informs the Exchange about a marine incident which involved its subsidiary, Baltic Container Terminal Limited in Gdynia, Poland.  The vessel Siena Spirit allided with Gantry Crane 5 of BCT May 17, 2012 which caused it to fall and damage another gantry crane. The company believes that the incident should not result to any significant effect on the operations and profitability of the terminal as the majority of the terminal including berthing areas, remains fully operational and tere are four other operating gantry cranes and one mobile harbor crane which can handle the volume of cargo passing through the terminal.

Bloomberry Resorts Corporation (BLOOM) -  Annual Stockholders' Meeting, which will be held on June 25, 2012 at 10:00 a.m. at the Manila Peninsula Hotel, Makati City. 

Oriental Petroleum and Minerals Corporation (OPM) - Annual Meeting of Stockholders, which will be held on June 28, 2012 at 3:00 p.m. at the Ballroom C, D & E, 4th Floor, Crowne Plaza Galleria Manila, Ortigas Avenue corner One ADB Avenue, Quezon City.  

Unioil Resources & Holdings Company, Inc. (UNI) -  Resetting of Annual Stockholders' Meeting to August 15, 2012, Record Date on June 4, 2012.

Philippine Seven Corporation (SEVN) -  Philippine Seven Corporation will be holding its annual meeting of its stockholders on July 24, 

2012 at 3:00 p.m.    

 By Claire S. Quiray

WEEKLY OUTLOOK –MAY 21-25, 2012

FURTHER CORRECTION

Even after dropping by nearly 6%, there is no buying signal yet from the technical indicators except from the 3-d RSI which is now considered oversold at 29.80 level.  Oscillator is still heading downward indicating that the market is ignoring its oversold condition, thus, a further correction stance. 

MACD is also complementing RSI as it is now crossing below the zero line, a bearish territory.  

Market concerns remained the same, the impact of the current global financial crisis will likely to linger and drag down investors’ spirit indefinitely. 

Support and resistance sits at 4800 to 4920 points, respectively.

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Review.

It was another shaky week.

Investors were generally nervous as they succumbed to selling pressure.  The simultaneous pull back of all the sectors resulted to a 5.40% drop on the PSEi.  Holding and financials were badly beaten. Holding index dropped by 6.72% while financial index declined by 5.29%.  

Although 4% lower than the previous week,  the volume of transaction is still significant  at Php6.86b daily average.  Foreign investors left a net selling  balance of Php4.48b versus a net buy of Php1.44b last week.  The recent drop, pulled down the market valuation to a lower PE at 16.89X.

Remember: Although monitoring Index wide price action is of some value, the biggest benefits go to those who study individual stocks.

Disclaimer:  The material contained in this publication is for information purposes only.  It is not to be reproduced or copied or made available to others.  Under no circumstances it is to be considered as an offer to sell or a solicitation to buy any security.  While the information herein is from sources we believe reliable, we do not represent that it is accurate or complete and it should not be relied upon as such.  In addition, we shall not be responsible for amending, correcting or updating any information or opinions contained herein.  Some of  the views expressed in this report are not necessarily opinions of Regina Capital Development Corporation.

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