philippine stock market

[NightRock]

sana mag 8K level ulit

[Monseratto]

Na ubos na allocation ng SHELL IPO sa broker namin... few hundreds lang inoffer.

[StockEngine]

sana mag 8K level ulit

With china visit...and japan later. I think we will break 8k soon. Over 10k is possible too.

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[jut703]

With china visit...and japan later. I think we will break 8k soon. Over 10k is possible too.

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Care to share your analysis on how the PSEi can reach 10k?

At our peak of 8,100 we were considered one of the most expensive stock markets in Asia. However, investors bought in because we also had the best growth story in Asia, so it was worth the high entry fee.

However, when global economic sentiment sobered up a bit, and the US rate hike a certainty by Q4 2016 or Q1 2017, investors became cautious and started pulling out of these risky Asian markets as they poured money back to the US. This is why we experienced a correction back to the 7500-level (for like 3 days).

We are now experiencing a slight rally back to the 7,700 level because the pessimism has died down and we're back in focus because our growth story still stands. The market is expected to move sideways though, as opposed to a strong bull run, until earnings reports from local companies shows positive results (mid year reports were so-so). The general forecast is that we expect to hit 8,400 by next year, but getting back to 8000 by year-end is really dependent on the Fed rate hike.

One thing I'd like to highlight is that NONE of this is due to Duterte simply going to China. Even Duterte's tirades against the US and EU have not fundamentally impacted the PSEi. Unless there is a concrete policy change (despite all of Duterte's machismo, he hasn't really changed any economic policies), the PSEi will stay on track.

All the noise makes the market fluctuate on a daily basis, but that's normal. It certaintly doesn't signal any rally to 10,000, which is why I'm curious as to how you arrived at that claim.



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[StockEngine]

Care to share your analysis on how the PSEi can reach 10k?

At our peak of 8,100 we were considered one of the most expensive stock markets in Asia. However, investors bought in because we also had the best growth story in Asia, so it was worth the high entry fee.

However, when global economic sentiment sobered up a bit, and the US rate hike a certainty by Q4 2016 or Q1 2017, investors became cautious and started pulling out of these risky Asian markets as they poured money back to the US. This is why we experienced a correction back to the 7500-level (for like 3 days).

We are now experiencing a slight rally back to the 7,700 level because the pessimism has died down and we're back in focus because our growth story still stands. The market is expected to move sideways though, as opposed to a strong bull run, until earnings reports from local companies shows positive results (mid year reports were so-so). The general forecast is that we expect to hit 8,400 by next year, but getting back to 8000 by year-end is really dependent on the Fed rate hike.

One thing I'd like to highlight is that NONE of this is due to Duterte simply going to China. Even Duterte's tirades against the US and EU have not fundamentally impacted the PSEi. Unless there is a concrete policy change (despite all of Duterte's machismo, he hasn't really changed any economic policies), the PSEi will stay on track.

All the noise makes the market fluctuate on a daily basis, but that's normal. It certaintly doesn't signal any rally to 10,000, which is why I'm curious as to how you arrived at that claim.



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It will not rally to 10k in one year.. thats too obvious. Our direction is up, 10k is a wild guess. Saying 9k is too low...

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[StockEngine]

Go Duterte



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[dreamur]

Go Duterte



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If the index goes down, external market forces. If up, duterte agad? Akala ko strong ang economic fundamentals ng pinas.

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➰Shine the light➰
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[Juan Martinez]

Go Duterte



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go where? to hell? ✌

[Walter]

Those are not indicators of what he has done ... he's been in office for less than 6 months ...

[StockEngine]

Those are not indicators of what he has done ... he's been in office for less than 6 months ...

Performance 6months ago was negative...my mom is with security bank and her equity fund was negative. She and her friends are very happy...

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[dreamur]

Wrong thread

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➰Shine the light➰
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[StockEngine]

Bdo Capitals rep... is just too excited for the President...

Duterte's China shift 'positive' for economy: BDO Capital - YouTube

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[StockEngine]

Well at the moment its dutertes administration. Lots of new foreign policies...

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[dreamur]

Well at the moment its dutertes administration. Lots of new foreign policies...

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...or the lack of it. Even Thailand's economy is holding up while under martial law. Wait until the 1st tax reform package is rolled out and see how the market reacts.

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➰Shine the light➰
-----------------------

[jut703]

Well at the moment its dutertes administration. Lots of new foreign policies...

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Not policies, only proclamations.

If you watch all the interviews with the cabinet members (the ones who really get the work done), all of them say that despite everything Duterte has said, there have been no fundamental changes in our country's foreign and economic policies.

That's the thing with Duterte, you have to zone out all the noise, because he makes a hell lot of it.


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[jut703]

PSEi dropped to the 7,200-level today. It's a great time to buy. Think of it as an end-of-season sale for stocks. [emoji12]


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[Jiggs]

PSEi dropped to the 7,200-level today. It's a great time to buy. Think of it as an end-of-season sale for stocks. [emoji12]


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It might be😔 Kaso this day alone left me bleeding ang Portfolio ko waaaahh! Haiist 6months paper gain wipe out in a day dammmnn

[unmarked]

Excited nako mag sweldo + 13th month. Parang christmas sale lang ang pse. Parang christmas lights din yung portfolio ko puro red hahaha.

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[Monseratto]

Market sucks!!!

PSEi 7,140.00 -112.40 -1.55▼



SHLPH

67.05

Low: 66.60

High: 67.15

[StockEngine]

Global markets nose dived...

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