ABS CBN Corporation (ABS) was incorporated on June 11, 1946. It is one of the key media players in the media and entertainment industry in the country.
The company is engaged in television and radio broadcasting, as well as the production of television and radio programming both domestically and internationally.
Market Cap: PHP 21.51 billion
- Revenues shrunk by 2.23 percent in 2017 versus 2016
- The company earned a net income attributable to parent of PHP 3.33 billion last 2017.
ABS disclosed today that ABS-CBN Convergence and Globe are exploring New Product Synergies in connection with their network-sharing agreement. The partnership was consummated last 2013 for a five-year network-sharing agreement.
The said agreement aims to deliver content and telecommunications services on mobile devices through the company’s mobile brand.
The partners are considering product synergies like bundling of ABS-CBN TV Plus boxes with Globe’s Globe at Home prepaid WiFi. They would also like to incorporate ABS-CBN TV Plus’ Kapamilya Box Office (KBO) and iWant TV to become over-the-top services to all Globe subscribers.
These product offerings are already available in the market.
All ABS-CBN Mobile prepaid, postpaid, and Sky Mobi subscribers will also continue to use and enjoy text, call, and data services until the final date approved by the National Telecommunications Commission (NTC).
For the first quarter of the year, the company was able to generate revenues totaling PHP 9.0 billion from advertising and consumer sales. However, this figure is PHP 566 million lower versus last year, 5.9 percent lower.
Advertising revenues were lower this quarter by PHP 495 million, which was mainly attributable to fewer ads placements. Consumer sales also took a hit as theatrical receipts from Global and ABS-CBN Films declined. Sky Cable also saw a slowdown in revenues.
Shown below is the Comparative Mix:
ABS has been making new 52-week lows for quite some time. Nevertheless, it appears that the stock is trying to fight back the downtrend. The moving averages are bearishly aligned and are acting as resistance.
Price today has already made a bullish pass above the 15 EMA and 20 SMA. Volume, though, has not confirmed the support for the uptrend.
MACD made a bullish crossover. RSI is also turning bullish but is currently at neutral levels. Support is estimated at 23.32 while resistance is expected at 25.30 followed by 26.57.
As of July 16, 2018, at 03:30 PM, the volume of ABS is 82.11% of the previous trading day.
Remember the correlation between price and volume.
- 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)
ABS has a LOW-RISK level due to its risk percentage of 26.46%.
Top 10 Players’ Sentiment
Trading participants of ABS with a 100% Buying and Selling Activity as of Jul-16-2018 at 03:30PM:
0 out of 7 participants or 0.00% of all participants registered a 100% BUYING activity
2 out of 7 participants or 28.57% of all participants registered a 100% SELLING activity
Top 10 Players’ Buying Average: 24.7260
Top 10 Players’ Selling Average: 24.8510
The psychological average price of the top 10 players as of Jul-16-2018 is from 24.7260 to 24.8510.
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.
This is how we mentor our clients who subscribe to our Top Stock Picks.
Not only do we tell them which stocks to buy and when to sell, but we also update them every day about what happened to each stock that we recommend.
We save our customers a lot of time and heartache.
We show them our data-driven basis so they know what we know.
Our customers are not blind-followers but well-informed investors.
Our customers are better investors than most.
When you ask our customers why they buy the stocks that we recommend, you better get your pen and paper handy.
They will not answer, “Because I was told to buy it.”
They will narrate our data-driven basis like how we narrated the summary of our analysis in this article.
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