Cemex Holdings Philippines, Inc. (CHP) made an announcement last October 1, 2018.
In the statement, the Mines and Geosciences Bureau under the Department of Environment and Natural Resources informed the company that it had lifted the suspension of quarry operations in Sitio Tagbac, Brgy. San Jose, Antipolo City.
The area is one of the main sources of raw materials of SOLID Cement Corporation. SOLID Cement Corporation is one of CHP’s chief operating subsidiaries.
On September 28, 2018, CHP issued a report clarifying the impact of the suspension of quarry operations involving primary raw material suppliers to its leading operating subsidiaries in Naga City, Cebu, and Antipolo, Rizal.
CHP stated that APO Cement Corporation and SOLID Cement Corporation continue to operate HIGH-RISK cement plants and implement various efforts to make its products available to customers.
Moreover, CHP is also monitoring the situation closely and is working with the affected communities.
Cemex Holdings’ Revenues and Losses
For the first six months of the year, CHP had revenues of PHP 11.90 billion, higher than the recorded PHP 11.00 billion in the same period in 2017.
Majority of the revenues came from cement sales amounting to PHP 11.87 billion while other businesses comprised the rest of the revenues.
Domestic gray cement volume increased by 12 percent while average selling price declined by 3 percent versus last year.
For the second quarter alone, domestic sales volume went up by 8 percent while average selling price for cement was flat.
The company had a net loss of PHP 534.80 million for the first six months ended June 30, 2018, versus the gain PHP 486.10 million in the same period in 2017.
A Possible Reversal Candle
CHP registered a bullish engulfing today, a possible reversal candle after hitting new all-time highs.
The moving averages are bearishly aligned with the 15 EMA and 20 SMA as immediate resistance.
MACD is also bearish. RSI has bounced off oversold levels. Support is estimated at 1.89 while resistance is expected at 2.27.
Volume
As of October 12, 2018, at 03:30 PM, the volume of CHP is 98.17% of the previous trading day. This stock’s latest volume is already above its 30-day volume average.
Remember the correlation between price and volume.
bullish price + volume above the 30-day volume average = bullish
bullish price + volume below the 30-day volume average = neutral
bearish price + volume above the 30-day volume average = bearish
bearish price + volume below the 30-day volume average = bearish
Risk Level
CHP has an EXTREMELY HIGH-RISK level due to its risk percentage of 106.42%.
Foreign Fund Flow
CHP registered a Net Foreign Selling worth P8,856,150.00 as of October 12, 2018. On a 30-day trading period, CHP is on a Net Foreign Selling worth PHP69,821,711.00.
Top 10 Players’ Sentiment – October 12, 2018
Trading participants of CHP with a 100% Buying and Selling Activity as of Oct-12-2018 at 03:30 PM:
7 out of 37 participants or 18.92% of all participants registered a 100% BUYING activity
9 out of 37 participants or 24.32% of all participants registered a 100% SELLING activity
Top 10 Players’ Buying Average: 2.0576
Top 10 Players’ Selling Average: 2.0903
The psychological average price of the top 10 players as of Oct-12-2018 at 03:30 PM is from 2.0576 to 2.0903.
Top 10 Players’ Sentiment – October 8-12, 2018
Trading participants of CHP with a 100% Buying and Selling Activity from Oct-08-2018 to Oct-12-2018 at 03:30 PM:
22 out of 64 participants or 34.38% of all participants registered a 100% BUYING activity
3 out of 64 participants or 4.69% of all participants registered a 100% SELLING activity
Top 10 Players’ Buying Average: 2.0498
Top 10 Players’ Selling Average: 2.1053
The psychological average price of the top 10 players from Oct-08-2018 to Oct-12-2018 is from 2.0498 to 2.1053.
Top 10 Players’ Sentiment – October 1-12, 2018
Trading participants of CHP with a 100% Buying and Selling Activity from Oct-01-2018 to Oct-12-2018 at 03:30 PM:
25 out of 75 participants or 33.33% of all participants registered a 100% BUYING activity
4 out of 75 participants or 5.33% of all participants registered a 100% SELLING activity
Top 10 Players’ Buying Average: 2.3023
Top 10 Players’ Selling Average: 2.2591
The psychological average price of the top 10 players from Oct-01-2018 to Oct-12-2018 is from 2.2591 to 2.3023.
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