I’ve started to analyze the stock recommendations of stock brokerage firms and other stock market consultancy companies to see if my Evergreen Strategy will give a buy signal to any of their stock recommendations.
If you haven’t read my report on COL Financial’s COLing the Shots yet, don’t miss that train as we’re about to move to our next route – First Metro Securities’ Trader’s Playbook.
I want to reiterate that by talking about the stock recommendations of other people in my write-ups, I don’t imply that my strategy is better than theirs.
I am consciously aware that my strategy is different than others. It’s not surprising if my methodology will give an interpretation contrary to theirs.
At the end of the day, the clear winner is the one who has a system that is adaptive to the ever-changing market condition.
Speaking of results, here are my 2021 performance stats. I’m yet to publish my 1H2022 performance stats report.
Let’s talk about FirstMetroSec’s Trader’s Playbook.
What is First Metro Securities’ Trader’s Playbook?
The Trader’s Playbook is a stock screener. First Metro Securities screens the top 50 most actively traded stocks according to daily total turnover value. It’s purely based on fundamental analysis, just like COL Financial’s COLing the Shots.
Where to find First Metro Securities’ Trader’s Playbook?
- Go to https://new.firstmetrosec.com.ph.
- Click Research.
- Click FirstMetroSec.
4 Groups of First Metro Securities’ Trader’s Playbook
FMS’ Trader’s Playbook is divided into 4 quadrants.
- Riding the Momentum
As per First Metro Securities, these are well-established companies with sustained profitability and high earnings expectations. - Value Play
As per First Metro Securities, these are companies that are undervalued by the market but able to provide high return to shareholders. - Yield Seeker
As per First Metro Securities, these are companies that can generate above-average dividend yields aside from stock price appreciation. - Unloved
As per First Metro Securities, these are companies that generate high earnings but underrated by the market.
Which stocks belong to which quadrant?
Riding the Momentum
- Converge ICT Solutions (CNVRG)
- SM Investments Corporation (SM)
- Ayala Land (ALI)
- BDO Unibank (BDO)
- Jollibee Foods Corporation (JFC)
Value Play
- Aboitiz Power Corporation (AP)
- Robinsons Land Corporation (RLC)
- Aboitiz Equity Ventures (AEV)
- Puregold Price Club (PGOLD)
- Metropolitan Bank and Trust Company (MBT)
Yield Seeker
- AREIT
- PLDT (TEL)
- RL Commercial REIT (RCR)
- Filinvest REIT (FILRT)
- Semirara Mining and Power Corporation (SCC)
Unloved
- Manila Water Company (MWC)
- Robinsons Retail Holdings (RRHI)
- Megaworld Corporation (MEG)
- Nickel Asia Corporation (NIKL)
- GT Capital Holdings (GTCAP)
Which of the 20 Trader’s Playbook stocks of First Metro Securities have a buy signal?
I know this is the part you’ve been waiting for.
I am going to check each of these 20 stocks according to these 6 criteria:
- The last price must be higher than the 10-day simple moving average.
- The last price must be higher than the volume-weighted average price.
- The last volume must be above 50% of the 10-day average.
- The moving average convergence divergence (MACD) must be higher than the signal line.
- The Dominant Range Index must be bullish.
- The Market Sentiment Index must be bullish.
You can check the first 4 criteria on your own because they’re classical technical indicators.
Only I can produce the last 2 indicators because those are my proprietary indicators.
What does the overall rating mean?
If the overall rating is bearish, it means the downtrend or the consolidation with a downtrend bias is likely to continue.
If the overall rating is bullish, it means the uptrend or the consolidation with an uptrend bias is likely to continue.
NOTICE: This analysis is based on the end-of-day data of July 18, 2022.
Converge ICT Solutions (CNVRG)
Criterion 1: bearish
Criterion 2: bullish
Criterion 3: bullish
Criterion 4: bullish
Dominant Range Index: BULLISH
Last Price: 20.25
VWAP: 20.07
Dominant Range: 20.05 – 20.45
Market Sentiment Index: BULLISH
34 of the 59 participating brokers, or 57.63% of all participants, registered a positive Net Amount
27 of the 59 participating brokers, or 45.76% of all participants, registered a higher Buying Average than Selling Average
59 Participating Brokers’ Buying Average: ₱19.98574
59 Participating Brokers’ Selling Average: ₱20.04296
18 out of 59 participants, or 30.51% of all participants, registered a 100% BUYING activity
10 out of 59 participants, or 16.95% of all participants, registered a 100% SELLING activity
OVERALL RATING: BEARISH
SM Investments Corporation (SM)
Criterion 1: bearish
Criterion 2: bullish
Criterion 3: bullish
Criterion 4: bearish
Dominant Range Index: BULLISH
Last Price: 781
VWAP: 775.29
Dominant Range: 775 – 775
Market Sentiment Index: BULLISH
30 of the 45 participating brokers, or 66.67% of all participants, registered a positive Net Amount
25 of the 45 participating brokers, or 55.56% of all participants, registered a higher Buying Average than Selling Average
45 Participating Brokers’ Buying Average: ₱773.95715
45 Participating Brokers’ Selling Average: ₱776.43149
18 out of 45 participants, or 40.00% of all participants, registered a 100% BUYING activity
4 out of 45 participants, or 8.89% of all participants, registered a 100% SELLING activity
OVERALL RATING: BEARISH
Ayala Land (ALI)
Criterion 1: bearish
Criterion 2: bullish
Criterion 3: bullish
Criterion 4: bearish
Dominant Range Index: BULLISH
Last Price: 24.85
VWAP: 23.82
Dominant Range: 23.5 – 24.85
Market Sentiment Index: BULLISH
37 of the 83 participating brokers, or 44.58% of all participants, registered a positive Net Amount
32 of the 83 participating brokers, or 38.55% of all participants, registered a higher Buying Average than Selling Average
83 Participating Brokers’ Buying Average: ₱23.71221
83 Participating Brokers’ Selling Average: ₱23.99293
8 out of 83 participants, or 9.64% of all participants, registered a 100% BUYING activity
15 out of 83 participants, or 18.07% of all participants, registered a 100% SELLING activity
OVERALL RATING: BEARISH
BDO Unibank (BDO)
Criterion 1: bullish
Criterion 2: bullish
Criterion 3: bullish
Criterion 4: bullish
Dominant Range Index: BULLISH
Last Price: 121
VWAP: 119.84
Dominant Range: 119 – 121
Market Sentiment Index: BULLISH
20 of the 41 participating brokers, or 48.78% of all participants, registered a positive Net Amount
17 of the 41 participating brokers, or 41.46% of all participants, registered a higher Buying Average than Selling Average
41 Participating Brokers’ Buying Average: ₱119.49890
41 Participating Brokers’ Selling Average: ₱119.93229
8 out of 41 participants, or 19.51% of all participants, registered a 100% BUYING activity
5 out of 41 participants, or 12.20% of all participants, registered a 100% SELLING activity
OVERALL RATING: BULLISH
Jollibee Foods Corporation (JFC)
Criterion 1: bullish
Criterion 2: bullish
Criterion 3: bullish
Criterion 4: bullish
Dominant Range Index: BEARISH
Last Price: 212.4
VWAP: 212.29
Dominant Range: 212.2 – 212.4
Market Sentiment Index: BULLISH
18 of the 30 participating brokers, or 60.00% of all participants, registered a positive Net Amount
19 of the 30 participating brokers, or 63.33% of all participants, registered a higher Buying Average than Selling Average
30 Participating Brokers’ Buying Average: ₱212.32310
30 Participating Brokers’ Selling Average: ₱212.19742
11 out of 30 participants, or 36.67% of all participants, registered a 100% BUYING activity
3 out of 30 participants, or 10.00% of all participants, registered a 100% SELLING activity
OVERALL RATING: BEARISH
Aboitiz Power Corporation (AP)
Criterion 1: bullish
Criterion 2: bullish
Criterion 3: bearish
Criterion 4: bullish
Dominant Range Index: BULLISH
Last Price: 31.5
VWAP: 31.22
Dominant Range: 31 – 31.5
Market Sentiment Index: BULLISH
15 of the 27 participating brokers, or 55.56% of all participants, registered a positive Net Amount
16 of the 27 participating brokers, or 59.26% of all participants, registered a higher Buying Average than Selling Average
27 Participating Brokers’ Buying Average: ₱31.21503
27 Participating Brokers’ Selling Average: ₱31.30422
12 out of 27 participants, or 44.44% of all participants, registered a 100% BUYING activity
7 out of 27 participants, or 25.93% of all participants, registered a 100% SELLING activity
OVERALL RATING: BEARISH
Robinsons Land Corporation (RLC)
Criterion 1: bearish
Criterion 2: bullish
Criterion 3: bearish
Criterion 4: bearish
Dominant Range Index: BULLISH
Last Price: 16.88
VWAP: 16.71
Dominant Range: 16.6 – 16.88
Market Sentiment Index: BULLISH
11 of the 20 participating brokers, or 55.00% of all participants, registered a positive Net Amount
10 of the 20 participating brokers, or 50.00% of all participants, registered a higher Buying Average than Selling Average
20 Participating Brokers’ Buying Average: ₱16.71814
20 Participating Brokers’ Selling Average: ₱16.74303
8 out of 20 participants, or 40.00% of all participants, registered a 100% BUYING activity
5 out of 20 participants, or 25.00% of all participants, registered a 100% SELLING activity
OVERALL RATING: BEARISH
Aboitiz Equity Ventures (AEV)
Criterion 1: bullish
Criterion 2: bullish
Criterion 3: bullish
Criterion 4: bullish
Dominant Range Index: BULLISH
Last Price: 51.9
VWAP: 51.28
Dominant Range: 51 – 51.9
Market Sentiment Index: BULLISH
12 of the 29 participating brokers, or 41.38% of all participants, registered a positive Net Amount
16 of the 29 participating brokers, or 55.17% of all participants, registered a higher Buying Average than Selling Average
29 Participating Brokers’ Buying Average: ₱51.15952
29 Participating Brokers’ Selling Average: ₱51.31254
9 out of 29 participants, or 31.03% of all participants, registered a 100% BUYING activity
3 out of 29 participants, or 10.34% of all participants, registered a 100% SELLING activity
OVERALL RATING: BULLISH
Puregold Price Club (PGOLD)
Criterion 1: bearish
Criterion 2: bearish
Criterion 3: bearish
Criterion 4: bearish
Dominant Range Index: BEARISH
Last Price: 29.15
VWAP: 29.22
Dominant Range: 29.15 – 29.25
Market Sentiment Index: BULLISH
26 of the 31 participating brokers, or 83.87% of all participants, registered a positive Net Amount
23 of the 31 participating brokers, or 74.19% of all participants, registered a higher Buying Average than Selling Average
31 Participating Brokers’ Buying Average: ₱29.23657
31 Participating Brokers’ Selling Average: ₱29.25302
19 out of 31 participants, or 61.29% of all participants, registered a 100% BUYING activity
3 out of 31 participants, or 9.68% of all participants, registered a 100% SELLING activity
OVERALL RATING: BEARISH
Metropolitan Bank and Trust Company (MBT)
Criterion 1: bearish
Criterion 2: bullish
Criterion 3: bullish
Criterion 4: bearish
Dominant Range Index: BULLISH
Last Price: 46.9
VWAP: 46.86
Dominant Range: 46.9 – 47
Market Sentiment Index: BULLISH
43 of the 57 participating brokers, or 75.44% of all participants, registered a positive Net Amount
36 of the 57 participating brokers, or 63.16% of all participants, registered a higher Buying Average than Selling Average
57 Participating Brokers’ Buying Average: ₱46.83614
57 Participating Brokers’ Selling Average: ₱46.95801
32 out of 57 participants, or 56.14% of all participants, registered a 100% BUYING activity
8 out of 57 participants, or 14.04% of all participants, registered a 100% SELLING activity
OVERALL RATING: BEARISH
AREIT
Criterion 1: bearish
Criterion 2: bearish
Criterion 3: bullish
Criterion 4: bullish
Dominant Range Index: BULLISH
Last Price: 36.6
VWAP: 36.74
Dominant Range: 36.8 – 36.8
Market Sentiment Index: BULLISH
13 of the 20 participating brokers, or 65.00% of all participants, registered a positive Net Amount
10 of the 20 participating brokers, or 50.00% of all participants, registered a higher Buying Average than Selling Average
20 Participating Brokers’ Buying Average: ₱36.67611
20 Participating Brokers’ Selling Average: ₱36.71375
10 out of 20 participants, or 50.00% of all participants, registered a 100% BUYING activity
4 out of 20 participants, or 20.00% of all participants, registered a 100% SELLING activity
OVERALL RATING: BEARISH
PLDT (TEL)
Criterion 1: bearish
Criterion 2: bearish
Criterion 3: bearish
Criterion 4: bullish
Dominant Range Index: BEARISH
Last Price: 1686
VWAP: 1,688.94
Dominant Range: 1686 – 1686
Market Sentiment Index: BULLISH
29 of the 37 participating brokers, or 78.38% of all participants, registered a positive Net Amount
24 of the 37 participating brokers, or 64.86% of all participants, registered a higher Buying Average than Selling Average
37 Participating Brokers’ Buying Average: ₱1688.63968
37 Participating Brokers’ Selling Average: ₱1690.35167
18 out of 37 participants, or 48.65% of all participants, registered a 100% BUYING activity
4 out of 37 participants, or 10.81% of all participants, registered a 100% SELLING activity
OVERALL RATING: BEARISH
RL Commercial REIT (RCR)
Criterion 1: bullish
Criterion 2: bullish
Criterion 3: bearish
Criterion 4: bullish
Dominant Range Index: BULLISH
Last Price: 6.5
VWAP: 6.44
Dominant Range: 6.3 – 6.5
Market Sentiment Index: BEARISH
6 of the 16 participating brokers, or 37.50% of all participants, registered a positive Net Amount
4 of the 16 participating brokers, or 25.00% of all participants, registered a higher Buying Average than Selling Average
16 Participating Brokers’ Buying Average: ₱6.40461
16 Participating Brokers’ Selling Average: ₱6.43718
4 out of 16 participants, or 25.00% of all participants, registered a 100% BUYING activity
5 out of 16 participants, or 31.25% of all participants, registered a 100% SELLING activity
OVERALL RATING: BEARISH
Filinvest REIT (FILRT)
Criterion 1: bullish
Criterion 2: bearish
Criterion 3: bearish
Criterion 4: bullish
Dominant Range Index: BULLISH
Last Price: 6.78
VWAP: 6.78
Dominant Range: 6.78 – 6.78
Market Sentiment Index: BULLISH
5 of the 8 participating brokers, or 62.50% of all participants, registered a positive Net Amount
4 of the 8 participating brokers, or 50.00% of all participants, registered a higher Buying Average than Selling Average
8 Participating Brokers’ Buying Average: ₱6.77805
8 Participating Brokers’ Selling Average: ₱6.77610
3 out of 8 participants, or 37.50% of all participants, registered a 100% BUYING activity
2 out of 8 participants, or 25.00% of all participants, registered a 100% SELLING activity
OVERALL RATING: BEARISH
Semirara Mining and Power Corporation (SCC)
Criterion 1: bullish
Criterion 2: bearish
Criterion 3: bullish
Criterion 4: bullish
Dominant Range Index: BEARISH
Last Price: 37.95
VWAP: 37.97
Dominant Range: 37.85 – 37.95
Market Sentiment Index: BULLISH
18 of the 43 participating brokers, or 41.86% of all participants, registered a positive Net Amount
20 of the 43 participating brokers, or 46.51% of all participants, registered a higher Buying Average than Selling Average
43 Participating Brokers’ Buying Average: ₱37.98339
43 Participating Brokers’ Selling Average: ₱38.02729
9 out of 43 participants, or 20.93% of all participants, registered a 100% BUYING activity
11 out of 43 participants, or 25.58% of all participants, registered a 100% SELLING activity
OVERALL RATING: BEARISH
Manila Water Company (MWC)
Criterion 1: bearish
Criterion 2: bullish
Criterion 3: bearish
Criterion 4: bearish
Dominant Range Index: BEARISH
Last Price: 15.6
VWAP: 15.54
Dominant Range: 15.32 – 15.6
Market Sentiment Index: BULLISH
19 of the 26 participating brokers, or 73.08% of all participants, registered a positive Net Amount
15 of the 26 participating brokers, or 57.69% of all participants, registered a higher Buying Average than Selling Average
26 Participating Brokers’ Buying Average: ₱15.49650
26 Participating Brokers’ Selling Average: ₱15.61798
13 out of 26 participants, or 50.00% of all participants, registered a 100% BUYING activity
6 out of 26 participants, or 23.08% of all participants, registered a 100% SELLING activity
OVERALL RATING: BEARISH
Robinsons Retail Holdings (RRHI)
Criterion 1: bearish
Criterion 2: bullish
Criterion 3: bearish
Criterion 4: bullish
Dominant Range Index: BEARISH
Last Price: 52.6
VWAP: 52.48
Dominant Range: 52.35 – 52.5
Market Sentiment Index: BULLISH
9 of the 17 participating brokers, or 52.94% of all participants, registered a positive Net Amount
7 of the 17 participating brokers, or 41.18% of all participants, registered a higher Buying Average than Selling Average
17 Participating Brokers’ Buying Average: ₱52.52184
17 Participating Brokers’ Selling Average: ₱52.52735
6 out of 17 participants, or 35.29% of all participants, registered a 100% BUYING activity
6 out of 17 participants, or 35.29% of all participants, registered a 100% SELLING activity
OVERALL RATING: BEARISH
Megaworld Corporation (MEG)
Criterion 1: bearish
Criterion 2: bearish
Criterion 3: bullish
Criterion 4: bullish
Dominant Range Index: BEARISH
Last Price: 2.18
VWAP: 2.18
Dominant Range: 2.18 – 2.18
Market Sentiment Index: BULLISH
24 of the 30 participating brokers, or 80.00% of all participants, registered a positive Net Amount
21 of the 30 participating brokers, or 70.00% of all participants, registered a higher Buying Average than Selling Average
30 Participating Brokers’ Buying Average: ₱2.18351
30 Participating Brokers’ Selling Average: ₱2.18889
15 out of 30 participants, or 50.00% of all participants, registered a 100% BUYING activity
3 out of 30 participants, or 10.00% of all participants, registered a 100% SELLING activity
OVERALL RATING: BEARISH
Nickel Asia Corporation (NIKL)
Criterion 1: bearish
Criterion 2: bearish
Criterion 3: bullish
Criterion 4: bearish
Dominant Range Index: BEARISH
Last Price: 5.01
VWAP: 5.01
Dominant Range: 4.99 – 4.99
Market Sentiment Index: BULLISH
48 of the 59 participating brokers, or 81.36% of all participants, registered a positive Net Amount
45 of the 59 participating brokers, or 76.27% of all participants, registered a higher Buying Average than Selling Average
59 Participating Brokers’ Buying Average: ₱5.01843
59 Participating Brokers’ Selling Average: ₱5.00865
31 out of 59 participants, or 52.54% of all participants, registered a 100% BUYING activity
5 out of 59 participants, or 8.47% of all participants, registered a 100% SELLING activity
OVERALL RATING: BEARISH
GT Capital Holdings (GTCAP)
Criterion 1: bullish
Criterion 2: bullish
Criterion 3: bullish
Criterion 4: bearish
Dominant Range Index: BULLISH
Last Price: 475
VWAP: 462.96
Dominant Range: 475 – 475
Market Sentiment Index: BULLISH
11 of the 35 participating brokers, or 31.43% of all participants, registered a positive Net Amount
12 of the 35 participating brokers, or 34.29% of all participants, registered a higher Buying Average than Selling Average
35 Participating Brokers’ Buying Average: ₱459.59820
35 Participating Brokers’ Selling Average: ₱464.37300
7 out of 35 participants, or 20.00% of all participants, registered a 100% BUYING activity
13 out of 35 participants, or 37.14% of all participants, registered a 100% SELLING activity
OVERALL RATING: BEARISH
Only 2 out of 20 Trader’s Playbook stocks earned a bullish overall rating?
That’s correct.
Keep in mind that my Evergreen Strategy is not like a Read Only Memory that is non-volatile.
My methodology is volatile.
It means ratings change as trading happens.
If you’re one of my clients, you can ask for your stock’s latest Dominant Range Index and Market Sentiment Index in our Private Clients Forum so you’ll know if your stock has a bullish overall rating already.
As for the first 4 criteria, you can check those on your own.
Like I said, those are classical indicators.
Is Equilyst Analytics’ Evergreen Strategy better than First Metro Securities’ Trader’s Playbook’s methodology?
Methodically, we’re incomparable.
We don’t use the same methodology.
What are the differences between First Metro Securities’ Trader’s Playbook and Equilyst Analytics’ Stock Screener?
Aside from the obvious difference that First Metro Securities uses fundamental analysis while I use technical analysis, here are the top 3 differences between our stock screeners.
1. My screener has wider coverage than First Metro Securities’ Trader’s Playbook.
I screen all actively traded stocks on the Philippine Stock Exchange.
First Metro Securities only checks the top 50 most actively traded stocks according to daily total turnover value.
2. I use a trailing stop. First Metro Securities uses a target selling price.
I don’t use a predefined target selling price.
My trailing stop is my selling point.
“Shucks! I should not have sold yet. The freaking stock went up by 10% more! What a killjoy!”
How many times did you catch yourself saying that?
I wrote an article explaining why I don’t use a target selling price.
Read it if you wish to learn more.
3. First Metro Securities has a universal method of measuring their screener’s performance. Mine cannot have one.
First off, my selling price is my trailing stop.
My trailing stop is calculated according to the risk percentage I only want to apply in that trade.
That percentage of risk is dynamic. It varies from person to person, stock to stock, mood to mood.
First Metro Securities and other brokers can publish a universal performance report of their trade calls because they’re using a predefined target selling price.
I cannot do that because even if we follow the same Evergreen Strategy, we’ll surely have different results because we won’t have the same risk percentage for each stock for each trade.
That’s why my portfolio’s return doesn’t represent any or all of my clients’ portfolio performance.
If you have access to my service and if you have an account with First Metro Securities, I suggest you combine our methodology so you can make a decision based on the point of view of a fundamentalist and a technician.
If you wish to learn more from me, subscribe to my stock market consultancy service.
Whose stock recommendations would you like me to check next? Comment down below.
- Key Prices for PH Bluechip Stocks 30% Above 52-Week Low - June 4, 2024
- May 2024 Market Sentiment Rating of 30 PH Bluechip Stocks - June 3, 2024
- EquiTalks: ICT, BPI, AEV Updates – 5.29.2024 - May 29, 2024
