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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......»»
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.....»»
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......»»
‘Miss Saigon’ in one’s mind
Theater is a place where people converge to watch and witness either a (straight) play or a musical that touches the heart and tells universal emotions close to hearth and home......»»
Hear ye, I will ease your burden but when? (2nd of 2 parts)
The Ease of Paying Taxes Act touches on one “problematic” process that occurs after the filing of tax returns – the refund process which is generally viewed as time-consuming......»»
PSEi falls, mirrors US equities
Local stocks plunged to close the week in the red as they mirror negative sentiment in US equities......»»
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 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......»»
New toll road concession in Indonesia awaits MPTC
Metro Pacific Tollways Corp. expects to land within this month the contract for its largest project outside the Philippines, completing its entry in an expressway used by about 900,000 vehicles every day......»»
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......»»
Investors take profits ahead of Holy Week break
The stock market fell below the 6,900 level once more to end the week in the red as investors cashed in on their profits......»»
Stocks pull back on inflation impact
Investors yesterday pulled the market back closer to the 6,900 territory, pricing in the impact of inflation landing on the higher end of the target band......»»
Selling pressures drag local stocks down
The Philippine Stock Exchange index fell below the 6,900 level, slipping by 0.31 percent or 21.72 points to end at 6,891.49 amid selling pressures at the start of the trading week......»»
Market extends winning streak
Positive sentiment on earnings results of local companies pushed the stock market above the 6,900 level, extending its winning streak to a third straight day......»»
NBI-Davao seizes illegal ‘butane’
THE National Bureau of Investigation - Southern Mindanao Regional Office (NBI-Semro) seized around 900 illegally refilled LPG canisters commonly known in the market as “butane” during a buy-bust operation at the Bankerohan Public Market in Davao City on Monday morning, February 19, 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......»»