Forecasts for economic growth exceeding 6% over the next two years, positive year-to-date earnings revisions and room to ease borrowing costs can support the nation’s stocks in the second half of this year, even as the Philippine Stock Exchange Index pulls back from last month’s bull market territory, according to analysts.
Singapore: Investors may find long-term safety in Philippine equities as trade tensions ravage most regional markets, analysts from Credit Suisse Group AG and Citigroup Inc said, citing the positive outlook for economic and earnings growth.
Forecasts for economic growth exceeding 6% over the next two years, positive year-to-date earnings revisions and room to ease borrowing costs can support the nation’s stocks in the second half of this year, even as the Philippine Stock Exchange Index pulls back from last month’s bull market territory, according to analysts.
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