SM Investments Corporation (SM) – Analysis – March 10, 2017

SM Investments Corporation (PSE:SM) has dropped big time today and is actually the top loser for the day. The 15 EMA and 20 SMA did a bearish crossover with the 200 SMA which is very significant. The volume was also enormous. The stock has breached the support at 608. It is expected that it will hit the next support levels at P584, and even at 551.

The RSI confirms the stock’s bearishness as well as the MACD. SM may have a hard time to recover from its previous price. The trading strategy would be to avoid the stock for the meantime until the price action stabilizes. If one has the name and time horizon is short- to medium-term, then it will be a sell on rally. If one is for the long term, one could add to his position.

SM is trading at 24.58x annualized 2016 P/E, overvalued compared to the main index. SM also has a net profit margin of 14 percent.

SM - Daily Chart - March 10, 2017


As of March 10, 2017, at 03:30PM, the volume is 356.22% of the previous trading day.

SM - SM Investments Corp - Volume - March 10, 2017

Online Foreign Brokers

From January 30, 2017 to March 10, 2017, 10 out of 11 active online foreign brokers traded SM.
Online foreign brokers’ Buy Average: PHP667.13
Online foreign brokers’ Sell Average: PHP666.77
Number of net buyers among the participating online foreign brokers: 4 out of 10
DEUTSCHE bought the biggest number of shares among online foreign brokers amounting to PHP543,105,440.00.
CLSA sold the biggest number of shares among online foreign brokers amounting to PHP1,625,909,840.00.

SM - SM Investments Corp - Online Foreign Brokers Transactions - March 10, 2017

Top 10 Players’ Sentiment

Participants with a 100% Buying and Selling Activity from Jan-30-2017 to Mar-10-2017 at 03:30PM:

21 out of 90 participants or 23.33% of all participants registered a 100% BUYING activity
8 out of 90 participants or 8.89% of all participants registered a 100% SELLING activity
Top 10 Players’ Buying Average: 746.8166
Top 10 Players’ Selling Average: 667.1995

SM - SM Investments Corp - Top 10 Players Sentiment - March 10, 2017

Foreign Fund Flow

On a 30-day trading period, SM is on a Net Foreign Selling worth PHP911,810,520.00.

SM - SM Investments Corp - Foreign Fund Flow - March 10, 2017

Risk Level

SMĀ is a moderate-risk stock based on our proprietary risk level indicator. Please don’t take this as an absolute indicator of a stock’s risk level. We advise that you calculate your personal reward-to-risk ratio.

SM - SM Investments Corp - Risk Level - March 10, 2017

Do you find this analysis helpful? Please let us know your thoughts by commenting below. It might seem insignificant, but it helps more than what you might think.

About the Author
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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