Weekly Equities Summary and Outlook: July 4-8, 2016

Outlook: We expect the market to test the 7,900 levels this week after the US posted a better-than-expected jobs report. The PSEi fell 0.75% last week to 7,771.52 as investors locked in their gains after the PSEi rose 7,846. Friday’s US job report showed an added 287,000 jobs in June, exceeding economists’ expectations by more than 100,000 jobs. This will fuel the optimism in... Read More

Weekly Fixed Income Summary: July 4-8, 2016

Weekly Summary 0704-0708-1
Bonds Outlook. We expect bond yields to trade sideways as EM’s remain a strong option for foreign investors to put their money in amid global concerns over Brexit. The Philippines remains attractive because of its minimal exposure to the United Kingdom and/or the European Union coupled with the new administration’s bullish stance on government expenditures. Furthermore, the June core inflation... Read More

Weekly Fixed Income Summary: July 1, 2016

Brexit Boosts EM’s After Initial Shock Bonds Outlook. We expect bond yields to remain depressed as bonds rally this week following post-Brexit investors’ diaspora. As it turns out, the Philippines proved to be resilient from the shockwaves caused by U.K.’s vote to exit the European Union as the Philippines’ exposure to the U.K. or the E.U. was limited, making it quite... Read More

Weekly Equities Summary – July 1, 2016

Duterte Euphoria, Calm Post-Brexit send PSEi to all-time high Current Weekly YTD PSE      7,830.35 2.63% 12.63% FMETF         128.80 2.71% 13.48% All Shares      4,738.03 4.30% 18.73% Financials      1,763.81 2.02% 13.74% Industrial    11,926.64 1.49% 8.12% Holdings      1,655.75 3.42% 8.20% Property      3,443.80 3.78% 18.12% Services      7,647.91 1.68% 15.86% Mining & Oil    11,289.54 4.08% 8.27%... Read More

First Metro Economic & Capital Markets Briefing 2016 Presentations

Date: January 7, 2016 Venue: Makati Shangri-La Hotel   Summary (Source: http://www.firstmetro.com.ph/latest-news-events-main/2016-outlook-guarded-optimism) First Metro Investment Corporation expects the Philippine economy to sustain moderate growth in 2016. The country’s GDP is projected to expand by 6-6.5% underpinned by sound macroeconomic fundamentals, robust domestic consumption fueled by OFW remittances and the continuously growing BPO sector, stable Philippine peso weighed against other currencies... Read More