ISM Communications Corp. (ISM) was incorporated in March 1925 as Itugon-Suyoc Mines Inc., primarily engaged in the business of mining.
In the early 2000s, the company transformed to focus more on information technology, multimedia telecommunications, and similar businesses. In 2016, the company was allowed to change its primary purpose into that of a holding company.
Market Cap: PHP 3.80 billion
Sector: Services
Subsector: Information Technology
Earnings Highlights:
• The company still does not generate revenues.
• The company booked a net income attributable to parent of PHP 43.77 million but a net loss of PHP 269.80 million last 2017.
ISM Communications’ Private Placement
On June 22, 2018, ISM informed the exchange that the Board of Directors authorized its executive committee to raise funds. It would be through issuing a total of 841,945,107 reacquired Treasury shares plus an additional 883,730,659 from its unissued shares.
The fund-raising was done through a private placement with an average price of PHP 1.45. The figure was a 20 percent discount to its 60-day volume weighted average.
One of the investors who committed to participate in the private placement is Mr. Dennis Uy, founder of the Udenna Group of Companies. ISM will use the proceeds from the issuance to fund investment opportunities pursued by the company at present.
For the first quarter of the year, ISM continued to record zero revenues. However, the company was able to book non-operating income of PHP 35.19 million.
Nonetheless, the documented gains helped the company record a positive net income of PHP 12.07 million. This is better by 164 percent versus the recorded net loss of PHP 18.56 million during the same period a year ago.
ISM continues to recorded multi-year highs. The 15 EMA and 20 SMA aligned with the moving averages as consistent and immediate support.
Meanwhile, volume profile supports a bullish outlook. MACD has made a bullish crossover. RSI is also bullish but is at overbought levels.
Support is estimated at 3.50 followed by 3.32. 3.87 is the expected Resistance.
Volume
As of August 3, 2018, at 03:30 PM, the volume of ISM is 145.68% 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
ISM has a HIGH-RISK level due to its risk percentage of 72.66%.
Foreign Fund Flow
ISM registered a Net Foreign Buying worth P890,300.00 as of August 03, 2018.
On a 30-day trading period, ISM is on a Net Foreign Selling worth PHP26,846,570.00.
Top 10 Players’ Sentiment
Trading participants of ISM with a 100% Buying and Selling Activity as of Aug-03-2018 at 03:30 PM:
6 out of 75 participants or 8.00% of all participants registered a 100% BUYING activity
21 out of 75 participants or 28.00% of all participants registered a 100% SELLING activity
Top 10 Players’ Buying Average: 3.5246
Top 10 Players’ Selling Average: 3.5204
The psychological average price of the top 10 players as of Aug-03-2018 is from 3.5204 to 3.5204.
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