Ayala Corporation (AC) was incorporated in 1968. It was listed in the PSE in 1976.
The company is the holding firm of the Ayala Group of Companies which is engaged in real estate and hotels; insurance and financial services; water infrastructure, and telecommunications.
AC also owns industrial technologies, automotive, transport infrastructure, power generation, healthcare, international real estate, education, and technology ventures.
Market Cap: PHP 596.94 billion
Sector: Holding Firms
Subsector: Holding Firms
- Ayala Land Inc.
- Integrated Micro-Electronics, Inc.
- Manila Water Company
- AC Energy Holdings Inc.
- AC Industrial Technology Holdings Inc.
- Revenues rose by 19.66 percent to PHP 266.79 billion in 2017 versus 2016
- The company earned a net income attributable to parent of PHP 30.26 billion last 2017
Ayala Corporation announced earlier that an institutional investor had completed a long-term private placement of 8,810,000 common shares at a subscription price of PHP 916.00.
The placement price is a 1.08 percent discount to the 30-day volume weighted average closing price. A total of PHP 8.07 billion worth of proceeds was raised and effectively increased its public float from 51.6 percent to 52.3 percent.
The proceeds will be used to acquire properties or assets needed of the Ayala group as well as for debt repayment.
The new shares are part of the carved-out shares as defined in its Article Seventh of its Articles of Incorporation, the issuance of which is exempt from pre-emptive rights. These shares will also be listed in the Philippine Stock Exchange and will constitute 1.4 percent of its increased common stock.
The company also declared a cash dividend of PHP 3.46 per common stock with a record date of July 6, 2018, and a payment date of July 22, 2018.
AC appears to be correcting after testing resistance. The 15 EMA, 20 SMA, and 50 SMA are acting as support.
Furthermore, Volume is still thin and is not clear on the direction of the trend. MACD appears bullish. RSI is also bullish but is moving sideways.
A possible reversed head and shoulders (H&S) is also nearing completion should present support hold at 934.78. Meanwhile, the neckline resistance is expected at 980.62.
If the breakout materializes, immediate target is around 1083.
As of July 23, 2018, at 03:30 PM, the volume of AC is 66.15% of the previous trading day.
- bullish price + high volume = high sustainability (price)
- bullish price + low volume = low sustainability (price)
- bearish price + high volume = high sustainability (price)
- bearish price + low volume = low sustainability (price)
AC has a LOW-RISK level due to its risk percentage of 29.45%.
Foreign Fund Flow
AC registered a Net Foreign Selling worth P38,764,420.00 as of July 23, 2018.
On a 30-day trading period, AC is on a Net Foreign Selling worth PHP1,169,386,860.00.
Top 10 Players’ Sentiment
Trading participants of AC with a 100% Buying and Selling Activity as of Jul-23-2018 at 03:30 PM:
10 out of 32 participants or 31.25% of all participants registered a 100% BUYING activity
6 out of 32 participants or 18.75% of all participants registered a 100% SELLING activity
Top 10 Players’ Buying Average: 948.6232
Top 10 Players’ Selling Average: 947.5674
The psychological average price of the top 10 players as of Jul-23-2018 is from 947.5674 to 947.5674.
What Is the Importance of Knowing the Top 10 Players’ Sentiment?
You need to know the psychological average price of the top 10 brokers who have traded a specific stock within a specific time period.
You need to know the buying average of the top 10 brokers who have traded a specific stock within a specific time period.
You need to know the selling average of the top 10 brokers who have traded a specific stock within a specific time period.
You need to know how many brokers, out of all the brokers who have traded a specific stock within a specific time period, registered a 100% buying activity.
You need to know how many brokers, out of all the brokers who have traded a specific stock within a specific time period, registered a 100% selling activity.
The buying and selling averages of the top 10 brokers are a sneak preview of the range of their collective average price.
If you know the psychological average price of the top 10 brokers who have traded a stock, you can calculate in your mind how much more can they probably afford to hold, relative to their collective risk tolerance, should the stock’s price go south.
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They will not answer, “Because I was told to buy it.”
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