Premiere Horizon Alliance Corporation (PHA) was incorporated on January 13, 1988, as Premiere Films International, Inc. Later on, it became Premiere Entertainment Inc.
The company’s primary purpose was to engage in business activities related to gaming, hotels, entertainment, and leisure.
Currently, PHA is an investment holding company which mainly focuses on projects that invigorate the countryside. It targets sustainable technologies and best practices in the fields of life sciences, technology, natural resources, food security, and tourism.
Market Cap: PHP 776 million
Sector: Services
Subsector: Other Services
Earnings Highlights:
- Revenues fell by 30.75 percent to PHP 762.6 million in 2017 versus PHP 1.10 billion in 2016
- The company booked a net income attributable to parent of PHP 31.68 million in 2017
PHA announced earlier that it had recently signed a Memorandum of Understanding (MOU) with D-Eco Energy Co. Ltd (E-Co). The goal was to establish joint ventures in infrastructure, tourism, and power sectors.
Both companies are currently studying possible partnership and investment structures on how to fully maximize each company’s resources and expertise.
D-Eco is a Korean company which is primarily engaged in the power business and allied industries. At present, the company forms a consortium of investors with the same interest in the Philippines.
On the other hand, Premiere Horizon Alliance Corporation is undertaking two landmark projects in the tourism and infrastructure business.
The infrastructure project is anchored on the limestone assets of its infrastructure subsidiary, Redstore Construction and Development Corporation. It is expected to debut in the market anytime soon.
PHA has a tourism-estate project in Puerto Princesa Palawan City, which brings together beach retreats and mountainside resorts through its West Palawan subsidiary.
Relevantly, PHA rallied sharply today after the above news came out. The 15 EMA, 20 SMA, and 50 SMA acted as a springboard for the stock.
Moreover, the price went above the 200 SMA, which is expected to act as support as well.
Volume supported the rally. MACD is turning bullish. RSI is also bullish but is nearing overbought levels. Support is estimated at 0.36 while resistance is expected at 0.39 followed by 0.425.
Volume
As of July 31, 2018, at 03:30 PM, the volume of PHA is 31,814.29% 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)
Risk Level
PHA has a MODERATE-RISK level due to its risk percentage of 57.35%.
Foreign Fund Flow
PHA registered a Net Foreign Selling worth P31,450.00 as of July 31, 2018.
On a 30-day trading period, PHA is on a Net Foreign Buying worth PHP100,350.000.
Top 10 Players’ Sentiment
Trading participants of PHA with a 100% Buying and Selling Activity as of Jul-31-2018 at 03:30 PM:
6 out of 41 participants or 14.63% of all participants registered a 100% BUYING activity
18 out of 41 participants or 43.90% of all participants registered a 100% SELLING activity
Top 10 Players’ Buying Average: 0.3918
Top 10 Players’ Selling Average: 0.3941
The psychological average price of the top 10 players as of Jul-31-2018 is from 0.3918 to 0.3941.
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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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.
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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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Read this article if you want to become a better investor, too.
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