Philippine Economy Talk

[uls]

Morning

Market to remain volatile this week as investors remain cautious

Middle East geopolitics

US-China trade war



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PEZA reported US and SK companies putting on hold expansion plans coz of concerns over phase 2 of TRAIN

[uls]

PSEI

March 26 low 7,834.11

will we see a test of that level?

if it breaks below, downtrend will continue

[Monseratto]

DIVE! DIVE! DIVE!

As of April 17, 2018
11:32:00 AM

PSEi
7,760.16
Down-110.09
Down-1.40%▼

Ayala Land below 40...

ALI

39.55
Down-0.50
Down-1.25%▼

[dreamur]

Sonamagun! Matira ang matibay. [emoji26]

Sent from my SM-N950F using Tapatalk

[uls]

PSEI

March 26 low 7,834.11

will we see a test of that level?

if it breaks below, downtrend will continue

and i thought it would test that level

it broke below it like it wasn't there

[Ry_Tower]

Papano ba naman.

PH faces inflation, overheating risks >> Manila Bulletin Business

[uls]

remember those headlines a couple years ago saying the Philippine economy will benefit most from low oil prices coz we import most of our oil

like this one: How falling oil prices could be good for PH

that was when brent fell to $30

now brent is at $70, we'll get the opposite effect

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aside from TRAIN which is being blamed for higher prices

reminder lang PHP has depreciated against the dollar which makes imports more expensive which also contributes to rising inflation

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current account deficit (more dollars going out than coming in)

that's making PHP weak

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Ph credit growth (one of the highest in the region)

contribute to overheating

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BSP afraid to move

rate hike will slow down economy

not moving will let economy overheat

BSP hoping inflation will level off, come back down so it doesn't have to move

[Monseratto]

Philippine Stock Woes Mount as 218 Losses Pass $2 Billion Mark - Bloomberg

The Philippine Stock Exchange Index dropped as much as 2.3 percent in Manila trading, on track for its lowest close since May 2017, with five stocks falling for each that gained. The gauge has lost almost 10 percent since the end of 2017 as rising inflation, Asia’s worst performing currency and a brewing U.S.-China trade war have increased investor caution toward one of the region’s most expensive markets.

Puregold Price Club Inc., one of the nation’s largest grocery store operators, tumbled more than 11 percent, its sharpest loss since August 2015 after 2017 earnings missed estimates and analysts warned about headwinds. BDO Unibank Inc., the nation’s biggest bank, fell as much as 4 percent, the biggest drag on the index.

“We could still see more selloff as there are concerns in the market that consumer spending is getting hurt from the weaker peso and higher inflation," said Jonathan Ravelas, chief market strategist at BDO Unibank. “The optimism that consumer spending will pick up from the tax reform has been replaced by questions such as how much earnings will be hit by the weaker peso and higher oil prices."

[mda]

Hope you guys got out early..

[uls]

market using puregold earnings as a gauge for health of consumer spending

since Ph economy is powered by consumer spending, puregold's disappointing 2017 earnings is an indication that consumers are getting squeezed

probably side effect of higher fuel prices

[Monseratto]

Market on a technical rebound... buying on the cheap.

As of April 18, 2018
9:52:00 AM
PSEi
7,795.49
UP 72.10
UP 0.93%▲

[Monseratto]

Duterte spooks foreign investors with tax 'sword of Damocles' -
Nikkei Asian Review

Killing off the tax-incentives for the BPO.... TRAIN part deux...

[jut703]

Looks like the PSEi is bound to crash even below 7000. As usual, hindsight is 20/20. Should've cashed out when PSEi hit 9000.

I don't really need the money right now so I wasn't minding it. Kaso sayang lang, now I have to wait a few years again before I can cash out. Could've sold and reentered after the dip.

Actually I still have net gains but sayang yung higher gains that I didn't actualize.



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[ray_noel]

Looks like the PSEi is bound to crash even below 7000. As usual, hindsight is 20/20. Should've cashed out when PSEi hit 9000.

I don't really need the money right now so I wasn't minding it. Kaso sayang lang, now I have to wait a few years again before I can cash out. Could've sold and reentered after the dip.

Actually I still have net gains but sayang yung higher gains that I didn't actualize.



Sent from my SM-G935F using Tapatalk

Avg. down na lang kaya sa dip sir jut? Para malaki2 pag nag up... accumulate saw sabi ng iba...

P.S
Nag mamarunong lang... [emoji16]


Sent from my iPhone using Tapatalk

[jut703]

Avg. down na lang kaya sa dip sir jut? Para malaki2 pag nag up... accumulate saw sabi ng iba...

P.S
Nag mamarunong lang... [emoji16]


Sent from my iPhone using Tapatalk

I'm not injecting any more money into my portfolio because I have other uses for my savings right now. But maybe if the market drops so much, it'll become enticing. I'll have to compute how much I have that I can play with.

I'm not as active with my portfolio now compared to a few years back. Actually kahit naman magcrash eh babalik din yan in a few years time so chill lang.

Ang masstress lang naman is yung may matinding pangangailangan ng pera now.



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[uls]

PSEI

may hold above 7700

sellers may emerge above 7830 to 7900

[uls]

there goes 7700

hehe

[mda]

Multiyear support itong 7550...

Next up is 6900-7200.

[Monseratto]

Sinking ship...

As of April 19, 2018
10:27:00 AM

PSEi
7,564.84
DOWN-228.29
DOWN-2.93%▼

[Monseratto]

Any news why BDO is leading the fall???

BDO

131.30
DOWN-4.60
DOWN-3.36%▼