PHILIPPINE equities are showing signs of a potential rebound, with valuations now trading at historically low levels. Investors are eyeing the market for bargains, as policy support and selective sector opportunities could offer attractive entry points.
Maybank Investment Bank Group (Maybank IBG) notes that the Philippine Stock Exchange Index has fallen sharply in just 13 months, down 25%, driving a sharp de-rating that now leaves the Philippine equity market trading at around eight times forward price-to-earnings ratio – the lowest in the region and the only single-digit multiple among Asean peers.
