APL, GTCAP, NIKL – Free Analysis – October 02, 2017

Apollo Global Capital Inc (APL) booked a net loss of P130,421 for the first half of 2017; thus, EPS is negative and P/E cannot be generated. The company does not have revenues also. We also cannot generate P/BV since BV is equal to zero.

Apollo Global Capital, Inc. (APL), formerly Yehey! Corporation (YEHEY), was incorporated on June 10, 1998 with a primary purpose to engage in the business of internet online-related products relating to database research engine; to engage in other pre-production and post-production work on websites on the internet; and to sell and market said products in the form of advertising of finished products in the domestic or export market.

APL actually appears to be in a bullish state. The stock records a green candle for the second straight day. The 15 EMA and 20 SMA are pointing upwards and are about to make a bullish crossover with the 50 SMA. The 200 SMA, however, is acting as resistance. Volume is growing as well. MACD is bullish while RSI is also bullish but is in overbought levels. Support is estimated at 0.042 while resistance is expected at 0.046.

APL - Daily Chart - Intraday - October 2, 2017

Price-Volume Distribution

Majority of the volume was recorded at 0.04 intraday. Majority of the trades were recorded at the same level. Current price is at 0.046.  This means that 0.04 is a significant level and may act as support intraday.

APL - Price Volume Distribution - September 29, 2017 v2

GT Capital Holdings Inc (GTCAP) booked a net income of P10.77 billion for the first half of 2017. This translates to a net profit margin of 9.95 percent and an EPS of 38.36. This leads to a projected EPS of 76.72 for the whole year of 2017 and a forward PE ratio of 15.00x, undervalued versus the index. The stock is also trading at 1.39x P/BV, overvalued versus the normal value of 1.00.

Last August 11, 2017, GT Capital finalized the acquisition of a 20% total stake in Sumisho Motor Finance Corporation (“SMFC”). The purchase of SMFC shares will allow GT Capital’s entry into micro-financing, specifically motorcycle financing, a high growth sector in the Philippines. In addition, it will give the Group an opportunity to tap the low to the middle-income sector of the Philippine market – the primary clientele of SMFC.

Lastly, it will strengthen the Group’s strategic relationship with the Sumitomo Corporation, one of Japan’s leading conglomerates. SMFC is a joint venture established by PS Bank, PS Bank Retirement Fund, Sumitomo Corporation, and Sumitomo Corporation of the Philippines. It was incorporated in 2009 primarily to engage, transact, or deal in the business or lending or leasing to retail customers for their purchase of motorcycles in the Philippines.

GTCAP appears to be testing resistance once again. The 15 EMA is about to do a bullish crossover with the 50 SMA. The 20 SMA appears to be acting as support as well. Volume though is not convincing and supporting the uptrend yet. MACD is also bullish while RSI is bullish but is at neutral levels.

GTCAP - Daily Chart - Intraday - October 2, 2017

Price-Volume Distribution

Majority of the volume was recorded at 1200 intraday. Majority of the trades were recorded at the same level. Current price is at 1200.  This means that this is a significant levels and may act as support or resistance intraday.

GTCAP - Price Volume Distribution - Intraday - October 2, 2017

Nickel Asia Corporation (NIKL) booked a net income of P2.71 billion in 2016. This translates to a net profit margin of 18.25 percent and an EPS of 0.26. This also further leads to a P/E of 24.92x, overvalued versus the index. The stock is also trading at 1.74x P/BV, overvalued versus the normal value of 1.00.

NIKL appears to be reversing to Price is above the 50 SMA and 200 SMA suggesting bullishness. The volume profile supports a bullish outlook. MACD is bearish. RSI is also bullish but is at neutral levels. Support is estimated at 6.53 while resistance is expected at 6.95.

NIKL estimated value of shipments rise by 41% for the first half of 2017. Estimated value of shipments during the first half of 2017 rose by 41% to P7.16 billion from P5.08 billion during the same period last year. The increase is mainly due to higher prices for its nickel ore sales combined with higher shipment volumes and a weaker peso exchange rate. The Company sold an aggregate 8.92 million wet metric tons (WMT) of nickel ore from its four operating mines during the first half of 2017 compared to 8.54 million WMT achieved the previous year.

NIKL - Daily Chart - Intraday - October 2, 2017

Price-Volume Distribution

Majority of the volume was recorded at 6.77 intraday. Majority of the trades were recorded at 6.78. Current price is at 6.80.  This means that 6.77 and 6.78 are significant levels and may act as support intraday.

NIKL - Price Volume Distribution - Intraday - October 2, 2017

This intraday analysis is the free version of our premium Daily Stock Analysis service.  Our premium analysis has these components:

  1. Technical Analysis
  2. Fundamental Analysis
  3. Volume Analysis
  4. Foreign Fund Flow Analysis
  5. Online Foreign Brokers Transaction Analysis
  6. Top 10 Players Analysis
  7. Price-Volume Distribution Analysis
  8. Risk Level Analysis
  9. Analyst’s Overall Sentiment

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The Stock Signals Philippines is the online news media arm of Equilyst Analytics. Inc., an SEC-registered stock market consultancy firm in the Philippines that guides Filipinos on long-term investing and short-term trading and offers mentoring services.

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