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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

Drought hits 900,000 families across the Philippines, with some children forced from school to help on farms

MANILA, 10 May 2024 -- A protracted drought across large swathes of the Philippines is impacting over 900,000 families[1] -- or over 3.7 million people - including some who have taken their children out of school to help deal with the economic im.....»»

Category: newsSource:  manilanewsRelated NewsMay 11th, 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

Market succumbs to profit-taking anew

The stock market succumbed to another round of profit-taking, slumping for the second straight session......»»

Category: financeSource:  philstarRelated NewsFeb 27th, 2024

Market tumbles below 6,800 amid profit taking

The stock market fell below the 6,800 level yesterday as investors continued to engage in profit taking following its recent rally......»»

Category: financeSource:  philstarRelated NewsFeb 20th, 2024

SBI s net profit grows 18% in fourth quarter, 20.5% for entire 2023-24

New Delhi [India], May 9 (ANI): The State Bank of India (SBI), the country's largest lender, has reported an 18 percent rise in consolidated net profit at Rs 21,384 crore for the quarter that ended in March, aided by strong credit growth. SBI reported a net profit of Rs 18,094 crore in the year-ago period. Consolidated net profit during the entire financial year 2023-24 rose by 20.55 per cent to Rs 67,085 crore as against.....»»

Category: newsSource:  manilanewsRelated NewsMay 10th, 2024

Figaro quarterly profit up 7% y/y (121% q/q)

Figaro posted a Q2 profit of P195 million, up 7% from its Q2/22 profit of P182 million, and up 121% from its Q1 profit of P88 million......»»

Category: financeSource:  philstarRelated NewsFeb 13th, 2024

2 Practical Tips to Help You Save for Your Dream Summer Getaway

Summer has arrived, ushering in the allure of sandy beaches, tranquil retreats, and exhilarating adventures. Yet, for many of us, the prospect of embarking on that long-awaited getaway remains elusive due to financial constraints. But fear not, as there are indeed strategies to turn your summer reverie into a tangible reality without wreaking havoc on […].....»»

Category: newsSource:  metrocebuRelated NewsApr 24th, 2024

'India taking rapid strides internationally': Rajnath Singh

Lucknow (Uttar Pradesh) [India], March 10 (ANI): Defence Minister Rajnath Singh on Sunday said that the world's leaders and people have a very positive perception of India adding that the country is taking rapid strides internationally. While addressing the 'Kayasth Parivar Abinandan programme,' in Lucknow, the Defence Minister said, "India is taking rapid strides internationally. You people would have gone to foreign cou.....»»

Category: newsSource:  philippinetimesRelated NewsMar 11th, 2024

'India taking rapid strides internationally': Rajnath Singh

Lucknow (Uttar Pradesh) [India], March 10 (ANI): Defence Minister Rajnath Singh on Sunday said that the world's leaders and people have a very positive perception of India adding that the country is taking rapid strides internationally. While addressing the 'Kayasth Parivar Abinandan programme,' in Lucknow, the Defence Minister said, "India is taking rapid strides internationally. You people would have gone to foreign cou.....»»

Category: newsSource:  manilanewsRelated NewsMar 11th, 2024

Duterte has stopped taking fentanyl before becoming President — Panelo

MANILA, Philippines —  Former President Rodrigo Duterte stopped taking Fentanyl even before his election as the chief executive of the country in 2016, according to his then chief legal counsel, Salvador Panelo. President Ferdinand R. Marcos Jr. on Monday alleged that the former president is taking fentanyl. In a text message to INQUIRER.net, Panelo reiterated.....»»

Category: newsSource:  inquirerRelated NewsJan 29th, 2024

Market rally at risk from profit takers

Investors will be on the lookout for fresh catalysts this week which, if successful, could propel the stock market to the 6,900 level, or even back to the 7,000 mark......»»

Category: financeSource:  philstarRelated NewsFeb 19th, 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

John Arcilla says taking care of aging parents normal, natural duty  

The topic of taking care of aging parents has seen divided opinions, but for award-winning actor John Arcilla, it is a "natural and normal duty" to take care of them. .....»»

Category: entertainmentSource:  philstarRelated NewsApr 12th, 2024