OutSmarting Markets

USD/PHP rises 0.5% to 63.17 as of 9:45 a.m. Philippine peso weakened after strengthening the previous day Philippines is entering a state of "stagflation" or "slowflation" after third-quarter 2026 GDP growth missed expectations wildly, slowing to just 2.1%.

9:40am Top Gains GCASH JFC SGI SGP URC AP

SGI 1.17 BRL will invest US$20.0M for a 50% equity stake in a joint venture company (JV Company). The JV Company will develop, own, operate a manufacturing facility in the Philippines to produce solar photovoltaic (PV) cells, modules, and related products for export markets.

PSEI is relatively safe from a sudden crash or "bubble burst" in the global artificial intelligence sector, Investors are actively shifting their focus away from volatile AI tech-driven markets, but they are bypassing the Philippines in favor of other large, liquid economies

8:55am US FUTURES Up 11/11/26 Wed Gold up 0.24% up 4039.95 Brent down 0.59% 92.02 Copper down 1.73% 13,662.40

Asian Futures Mixed at 8:51am 11/11/26

Share Buy-Back Transactions 11/11/26 URC ICT

SHLPH 7.93 Revenues: ₱232.9B (+36% y/y) on stronger volumes & elevated commodity prices. Net loss of ₱929.2M (vs ₱1.3B profit YoY) due to early FX & inventory losses. • Q3 Turnaround: Net profit surged 421% YoY to ₱1.79B, signaling a sharp recovery.

APX 17.90 Apex Mining’s 9M26 net income soared 40% to ₱7.61B (up from ₱5.45B) Despite selling fewer ounces, skyrocketing metal prices carried the day: Gold: $4,528/oz Silver: $72.89/oz Total revenue hit ₱19.10B, up 23.4%.

GCASH 7.05 PT 8.50 BUY GCash commands a forward P/E of 18.8x, roughly 60% higher than the bank average. This is justified by its hyper-growth profile (~39% CAGR vs. ~11% for traditional banks). Superior loan yields implied annualized loan yield sits between 45% and 52%:

Surging inflation and looming Federal Reserve rate hikes triggered heavy stock and bond losses. Brent briefly falls below $90 on Iran war de-escalation optimism Dollar Surge After Hot CPI

Anthropic's upcoming initial public offering (IPO) is set to raise as much as $64.4 billion Targeted price band of $70 to $78 per share

SoftBank Group Corp. has posted its first net loss in nearly two years, driven by a massive $3.7 billion writedown on its US data center projects alongside a global slump in AI valuations.

6:48pm Wall Street futures are trading mixed to higher as investors pause following Monday's massive market relief rally Caution is returning as traders weigh the prospect of a December rate hike.

Brent crude slid further to 90.40/bb -2.34%l, reflecting ongoing market cooling as President Trump noted that immediate military strikes on Iran may be unnecessary while warning that US forces remain "locked and loaded"

The US nationwide average retail price for regular gasoline has slipped to $3.98 a gallon, marking the first time prices have dropped below the $4 psychological threshold since mid-July.

STOCK WATCH Wed 11/11/26 Financials: GCASH SM BPI MBT BDO PNB Holding Firms: AC GTCAP JGS AEV LTG SMC Industrial: URC JFC MONDE EMI MYNLD IMI Services: MER SPNEC AP PHR Mining: APX PX AT OGP Property: MEG ALI PGOLD RLC AREIT

TSMC’s October sales skyrocketed 60% to NT$586.9B ($17.9B), fueled by relentless global AI infrastructure demand.