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GF EC-058B East Tower, PSE Center, Exchange Road, Ortigas Center, Pasig City, PHILIPPINES 1605 (632)687-5071 (trunk)
DISCLOSURES REVIEW_Week 02_TD6_January 10, 2011_Monday
source: www.pse.com.ph
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 IS IT 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 ACCORD CAPITAL EQUITIES CORPORATION ON THE CREDIT-WORTHINESS OR
INVESTMENT PROFILE OF THE COMPANY OR THE INDUSTRIES MENTIONED.
DAILY Report Page 1 of 3
ACCORD CAPITAL EQUITIES CORPORATION
GF EC-058B East Tower, PSE Center, Exchange Road, Ortigas Center, Pasig City, PHILIPPINES 1605 (632)687-5071 (trunk)
DISCLOSURES REVIEW_Week 02_TD6_January 10, 2011_Monday
source: www.pse.com.ph
php15.00 to 15.60 range. In the same period, the stock price moved above all EMA's even as STO broke into overbought
territory where it stays to-date. Yesterday, STO settled at 99.39, leaving little room for an upside as price tops php16.72.
The long-term trend is positive, but there may be a short- to medium-term pullback. Over-all, we find good prospects for
the issue to warrant an accumulation on weakness strategy.
Green Core Geothermal, Inc. (GCGI), a LAST TRADE 5.9 MARKET CAP 113,250,000,000
subsidiary, signed seven (7) new 10-year power 52-WK HIGH 6.55 OUT SHARES 18,750,000,000
supply contracts for 58MW with various 52-WK LOW 4.31 DIV YIELD % 1.99
electric cooperatives in Eastern and Western PE [TTM] 12.39 2010 Ann. EPS 0.5100
Visayas. SECTOR PE 14.29 EPS GRWTH % -1.97
• Negros Oriental II Electric PRICE-TO-BOOK 3.37 BOOK VALUE 1.78
Cooperative, Inc – 25MW SUPPORT 5.51 STO (10,3) 75.68
• Negros Oriental I Electric RESISTANCE 6.55 RSI (14) 49.65
Cooperative, Inc, Negros Occidental TECHNICAL ACTION BUY & HOLD OBV BIAS Accumulation
Electric Cooperative, VMC Rural
PRICE TARGET n/a BETA vs PSEI 1.04
Electric Service Cooperative, Inc,, Don
Orestes Romualdez Electric Cooperative, Inc., Leyte II Electric Cooperative, Inc, and Leyte V Electric Cooperative,
Inc – 33MW
The supply will be sourced from the Togonan I and Palinpinon plants which GCGI acquired in 2009. Previous supply
contracts entered into by GCGI were with Iloilo Electric Cooperative, Inc I & II, Aklan Electric Cooperative, Inc, Capiz
Electric Cooperative, Inc. and Dumaguete Coconut Mills, Inc.
STO has turned south, breaking under the trigger line and
has dropped below the 80-line. These are technical SELL
signals.
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 IS IT 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 ACCORD CAPITAL EQUITIES CORPORATION ON THE CREDIT-WORTHINESS OR
INVESTMENT PROFILE OF THE COMPANY OR THE INDUSTRIES MENTIONED.
DAILY Report Page 2 of 3
ACCORD CAPITAL EQUITIES CORPORATION
GF EC-058B East Tower, PSE Center, Exchange Road, Ortigas Center, Pasig City, PHILIPPINES 1605 (632)687-5071 (trunk)
DISCLOSURES REVIEW_Week 02_TD6_January 10, 2011_Monday
source: www.pse.com.ph
OTHER DISCLOSURES
Subject to the satisfaction of certain terms and conditions, the Department of Energy has approved the final 15-year
extension of the terms of SC No 14, effective December 17, 2010. TA holds a 6.103% participating interest in SC 14 Block B-1
(North Matinloc) and a 22.5% participating interest in SC 14 Tara Production Area.
The Company has entered into a mining operations agreement for gold and copper over a 3,718.41 hectares in Marihatag,
Surigao del Sur for a total consideration of php310M. This agreement will be injected into MRC Surigao Mines, Inc., a
wholly-owned subsidiary with a capitalization of php1.0 billion.
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 IS IT 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 ACCORD CAPITAL EQUITIES CORPORATION ON THE CREDIT-WORTHINESS OR
INVESTMENT PROFILE OF THE COMPANY OR THE INDUSTRIES MENTIONED.
DAILY Report Page 3 of 3