Latest Updates | Page 2 of 50 | First Metro Asset Management Inc

Weekly Fixed Income Summary : May 6 – May 10, 2019

May 17, 2019 Marwin Nunez

Easing Ensues Outlook. The Bangko Sentral ng Pilipinas (BSP) cut policy rates by 25bps to 4.50% last week but kept the reserve requirement ratio (RRR) at 18%, which disappointed the market that largely expected an RRR cut amid tight liquidity. The BSP indicated that it will discuss an RRR cut during its weekly meeting this Thursday. First quarter GDP came... Read More

Weekly Equities Summary and Outlook : May 6 – May 10, 2019

May 17, 2019 Marwin Nunez

Equities Outlook Outlook. We might see the index firm up around the 7,600 support. This support sits close to the index’s two standard deviation below the 5-Yr mean (-2SD) of 16x or 7,545 index level. Long term outlook remains robust as corporates manage to report earnings in line with expectation. Also the weaker than expected GDP and the expectation of... Read More

FAMI goes to Region 3

May 14, 2019May 14, 2019 Clariza Glino

First Metro Asset Management Inc. (FAMI)’s FVP, Head of Special Markets and Training Dr. Edwin B. Valeroso and Senior Relationship Manager Rienzie Biolena conducted a finance course designed for school treasurers, finance officers, and other school personnel understand their financial responsibilities. The forum held at Angeles University Foundation Sports and Cultural Center Angeles City, Pampanga last April 29, 2019 was... Read More

Weekly Equities Summary and Outlook : April 29 – May 3, 2019

May 8, 2019 Marwin Nunez

Equities Outlook Outlook. Expect some profit taking on rally this week which may bring the PSE to 7,800-7,900. Philippine April inflation came in at 3.0%, lower than the median forecast of 3.1%. We believe that despite the easing inflation, this will be offset by weakness in 1Q19 Philippine GDP and heightened volatility brought by Trump’s tough stance on tariff against... Read More

Weekly Fixed Income Summary : April 26 – May 2, 2019

May 8, 2019May 8, 2019 Marwin Nunez

Policy Easing Outlook. We expect bond yields to be rangebound after the rally last week as the market awaits the Bangko Sentral’s (BSP) move this Thursday. Lower April inflation print bolsters view of faster easing but this may weaken the peso as a Fed cut this year grows more uncertain due to inflationary tariffs (25% from 10%) on $200bn worth... Read More

The Market Call | April 2019

May 7, 2019May 7, 2019 Marwin Nunez

Macroeconomy Elevated NG spending on infrastructure projects, coupled with the spill-over effects of the election should keep growth momentum in Q1 steady. Moreover, the downtrend in inflation print augurs well for higher consumer spending and leads us to expect cuts in reserve ratio requirement (RRR) in Q2. The peso’s recent gains should prove temporary given the huge trade imbalance and... Read More

Top 10 Tips to Successful Investing

May 7, 2019May 3, 2019 Clariza Glino

Here are 10 quick tips to get you started on successful investing and creating your winning portfolio. Read More

Weekly Equities Summary and Outlook : April 22 – April 26, 2019

May 2, 2019May 2, 2019 Marwin Nunez

Equities Outlook Outlook. Standard & Poor’s (S&P) raised the Philippines sovereign credit rating from BBB to BBB+ with stable outlook. Thus, PSEi may rally and easily break above 8,000 on account of the credit rating. The market will also take its cue from the April inflation print and earnings results this week from Metro Pacific Investment Corp., Integrated Micro-Electronics, Inc.,... Read More

Make Your Mama Proud with FAMI!

May 2, 2019May 2, 2019 Clariza Glino

It’s time to make your Mama proud with First Metro Asset Management Inc. What’s the most memorable financial advice you received from your mother? Share to us and get a chance to win Php 5000 worth of shares for your dearest Mother. Mechanics: Like the official Facebook Page of First Metro Asset Management Inc. https://www.facebook.com/firstmetrofunds/ Publicly post a photo of you... Read More

Weekly Fixed Income Summary : April 15 – April 19, 2019

April 26, 2019April 26, 2019 Marwin Nunez

Yields Rise Ahead of Panda Bonds Outlook. The market is anticipating the issuance of $200-$500mn panda bonds towards the end of this month, which explains the slight uptick in yields last week. Recall that $230mn worth of panda bonds were also issued in March last year. The government is looking at tenors of three to five years as yields followed... Read More