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Historically low valuation

The Philippine stock market bloodbath over the past two years saw the PSEi plummet from 7,122.6 on the last trading day of 2021 to 6,566.4 on the last trading day of 2022 for a 7.8 percent annual retreat and slide even further in 2023 to close at 6,450.0 on the last trading day of the year. In terms of valuation, the PSEi’s 2023 year-end 12.9x price-to-earnings (P/E) ratio does not fare well when compared against its past performance in prior years......»»

Category: financeSource:  philstarRelated NewsMar 6th, 2024

First Metro thinks PSEi could hit 7,500 this year

First Metro Investment Corp head of research, Cristina Ulang, said that the PSEi could rise to as high as 7,500 this year......»»

Category: financeSource:  philstarRelated NewsJan 15th, 2024

Japan slips into a recession and loses its spot as the world s third-largest economy

Japan slips into a recession and loses its spot as the world s third-largest economy.....»»

Category: newsSource:  sunstarRelated NewsFeb 16th, 2024

Japan slips into a recession and loses its spot as the world s third largest economy

Japan slips into a recession and loses its spot as the world s third largest economy.....»»

Category: newsSource:  sunstarRelated NewsFeb 15th, 2024

Stocks eke out gains, back at 6,900

The stock market eked out gains to move back up to the 6,900 level as investors continued to hunt for bargains......»»

Category: financeSource:  philstarRelated NewsMar 28th, 2024

Insurance penetration rate slips further to 1.6 percent

The insurance industry saw its net income rise to P48 billion last year, but its contribution to the overall economy slipped further for the second straight year to only 1.6 percent......»»

Category: financeSource:  philstarRelated NewsMar 22nd, 2024

Malixi slips to joint third

Rianne Malixi flourished in an early backside start but faltered with shaky putting in the last 12 holes, ending up with a 72 to fall by four behind a steady Nika Ito halfway through the Australian Master of the Amateurs Championship at the Southern Golf Club in Braeside City in Melbourne Wednesday......»»

Category: sportsSource:  philstarRelated NewsJan 11th, 2024

PSEi falls, mirrors US equities

Local stocks plunged to close the week in the red as they mirror negative sentiment in US equities......»»

Category: newsSource:  philstarRelated NewsMar 15th, 2024

PSEi to stay at 6,700 ahead of inflation data

The stock market will try to hold on to the 6,700 level this week as investors will be on the lookout for inflation data and corporate earnings results......»»

Category: financeSource:  philstarRelated NewsFeb 4th, 2024

PSEi tumbles as Fed quashes rate cut hopes

Local stocks retreated yesterday as investors took cues from Wall Street’s overnight performance......»»

Category: financeSource:  philstarRelated NewsFeb 2nd, 2024

PSEi back to 6,600 level on Wall Street gains

The Philippine stock market sustained its strength yesterday, returning to the 6,600 mark......»»

Category: financeSource:  philstarRelated NewsJan 24th, 2024

Economic worries weigh down PSEi

Share prices continued to correct, finishing in negative territory anew yesterday on concerns over economic growth prospects here and in China......»»

Category: newsSource:  philstarRelated NewsJan 18th, 2024

PSEi forecast to touch 7,000

The Philippine Stock Exchange index is set for recovery as it is expected to hit 7,000 to 7,500 by the fourth quarter of this year, according to First Metro Investment Corp......»»

Category: financeSource:  philstarRelated NewsJan 12th, 2024

FPRRD senatoriable rating slides

FORMER president Rodrigo Duterte slips down from the top spot of the leading candidate for the 2025 Senatorial Elections in a PUBLiCUS Asia survey......»»

Category: newsSource:  sunstarRelated NewsApr 18th, 2024

Market slips ahead of US Fed meeting

Share prices pulled back yesterday as investors treaded with caution ahead of the policy meeting of the US Federal Reserve......»»

Category: financeSource:  philstarRelated NewsMar 19th, 2024

The Daily Guardian: S& P 500 slips to start the week as Wall Street takes a breather from record highs

The stock market saw a slight dip on Monday as major indexes retreated from record highs reached last week. The S&P 500 closed at 5,069.53,.....»»

Category: newsSource:  thedailyguardianRelated NewsFeb 27th, 2024

Japan unexpectedly slips into recession, Germany now world’s third biggest economy

Frail consumption and capital spending point to a challenging outlook for Japan’s economy.....»»

Category: newsSource:  rapplerRelated NewsFeb 15th, 2024

Fisheries output slips in 2023

Local fisheries production in 2023 slipped by 1.8 percent to 4.26 million metric tons from 4.34 million MT in 2022 as catch by both commercial and municipal fishers decreased, according to the Philippine Statistics Authority......»»

Category: financeSource:  philstarRelated NewsFeb 10th, 2024

Malixi slips with wind-blown 78, falls by 6

Rianne Malixi struggled in rainy, windy conditions and hobbled with a five-over 78 at the Yarra Yarra Golf Club, tumbling from joint second to a share of 13th halfway through the Australian Amateur......»»

Category: newsSource:  philstarRelated NewsJan 17th, 2024

El Niño to slash coconut oil exports

The El Niño phenomenon is seen pulling down the country’s coconut oil exports by a fifth in market year 2024-2025 to 900,000 metric tons, according to an international agency......»»

Category: financeSource:  philstarRelated NewsApr 10th, 2024