Showing posts with label ATR Kim Eng. Show all posts
Showing posts with label ATR Kim Eng. Show all posts
Stock Market Blueprint - Philippines
I am a Money Magnet! We are Money Magnets!
In Summary:
- With a Price Earning Ratio (PER) of above 14x, the Philippine stock market remains to be the most expensive. This is above the country's 15-year average of 15.5x but still significantly lower that it's peak of 16.7x back in 2007. (BPI Asset Management)
- Philippine PER is higher than Asian market PER of 12x (Julian Tarrobago Jr., ATR Kim Eng Asset Management)
- While expensive, fund managers still believe that the PSEi will surge in the fourth quarter and end the year with record highs. BPI Asset Management said that 5,500 is very much achievable. While Julian Tarrobago of ATR Kim Eng has set a higher target of 5,800.
- Growth will be powered by a surging Philippine economy, better than expected corporate earnings, low inflation rate, and higher market turnover (participation in the stock market).
- Sector-wise BPI is still bullish on PROPERTY firms, CONSTRUCTION companies, and FINANCIAL institutions.
- Mr. Tarrobago on the other hand suggested looking at small cap stocks that are "less-known, small and medium-sized companies capable of strong growth."
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