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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......»»
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......»»
FPRRD appeals to Quiboloy supporters not to hold rallies near Malacañang
FORMER President Rodrigo Duterte urged the supporters of embattled Pastor Apollo C. Quiboloy to "peacefully" conduct their rallies in the country in support of the Kingdom of Jesus Christ (KOJC) leader......»»
Marcos-Duterte rival rallies ‘a disgusting display of political ambitions,’ says lawmaker
Amid the growing rift, a lawmaker asserted that Filipinos are bearing the brunt of the ongoing political play. The post Marcos-Duterte rival rallies ‘a disgusting display of political ambitions,’ says lawmaker appeared first on Bulatlat......»»
OCCCI rallies to stun Chase Tower Runs in the Sinulog Cup 2024
OCCCI rallies to stun Chase Tower Runs in the Sinulog Cup 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......»»
Market climbs ahead of BSP meeting
The stock market climbed for the second straight day ahead of the outcome of the Bangko Sentral ng Pilipinas (BSP) policy meeting......»»
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......»»
PSEi falls, mirrors US equities
Local stocks plunged to close the week in the red as they mirror negative sentiment in US equities......»»
PSEi tumbles as Fed quashes rate cut hopes
Local stocks retreated yesterday as investors took cues from Wall Street’s overnight performance......»»
PSEi back to 6,600 level on Wall Street gains
The Philippine stock market sustained its strength yesterday, returning to the 6,600 mark......»»
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......»»
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......»»
Sarines rallies to win crown; Zaragosa reigns in girls’ side
Vito Sarines demonstrated remarkable grit and determination, battling back from eight strokes down to edge out Race Manhit in a thrilling finish and snatch a one-shot victory in the boys’ 11-14 age category of the Junior Philippine Golf Tour Luzon Series I at the Splendido Taal Golf Club here yesterday......»»
Hot finish puts del Rosario in the mix; Ardina also rallies
Pauline del Rosario fought back with a frontside flourish to cap off a one-under 71, trailing American Julie Houston by four strokes at the start of the Casino del Sol Golf Classic in Tucson, Arizona......»»
Senate rallies behind legislated wage hike; House to proceed with caution
Buoyed by President Ferdinand Marcos Jr.'s order to review the minimum wage rates in all regions, Senate President Juan Miguel Zubiri urged the president to tag as urgent a bill that legislates a P100 minimum wage hike for all private sector workers......»»
‘Non-opposition’ Duterte: If Vice President Sara becomes president…
After lambasting President Marcos in several Hakbang ng Maisog prayer rallies, former president Rodrigo Duterte has declared that he does not oppose the Marcos administration......»»
Saso rallies to shoot 69; Pagdanganan saves 74
Yuka Saso endured a late and shaky backside start with a blistering frontside windup, posting a three-under 69 to stay in the early mix in stroke play phase of the T-Mobile Match Play paced by Korean Sei Young Kim in Las Vegas, Nevada Wednesday (Thursday Manila time)......»»
Ybanez drops career-high 34 points, rallies Golden Spikers past Bulldogs
Josh Ybanez erupted for the UST Golden Spikers as he led a comeback over defending champions National University Bulldogs, 28-30, 22-25, 25-23, 25-22, 15-9, in the UAAP Season 86 men's volleyball tournament Sunday at the Smart Araneta Coliseum......»»
Southwoods rallies to rule PAL Interclub
Manila Southwoods rode on a hot start to overcome a five-point deficit and cruise to a 13-point victory in the 75th Philippine Airlines Men’s Regular Invitational at the Pueblo de Oro Golf and Country Club yesterday......»»