Pinoy Investments Abroad

[uls]

Cheerleader yata yung writer ng article sa itaas...

To balance things:

Nov. 20 (Bloomberg)``There's a 50 percent chance the economy will experience a quarter of contraction,'' said James Lago, head of research at PCCI Securities Brokers Corp. in Manila. ``Consumer spending slows in times of economic difficulties and it's usually purchases of luxury items and homes that get curtailed.''

The worst financial crisis since the Great Depression may cause the Philippine economy to shrink in the first half of 2009, Augusto Santos, a government economist, said. It's the first time a government official has said the economy may contract.

Philippine economic growth probably slowed to the weakest in at least three years in the third quarter as a widening global recession cuts demand for the nation's goods and labor, Santos said. The nation's economic growth may slow to 3.5 percent in 2009 from 4.4 percent this year, the International Monetary Fund said.

[Gen. Miting]

the stock broker president may have a winner on the ff:

Manila Water - no need to explain
Jollibee - still buying foreign food franchises
BPI - the most traditional non-merging bank
PLDT - broadband penetration to increase more

but i doubt if it's ok to invest in SM Prime nor Ayala Land.

SM Prime/Ayala land - ang alam ko pag recession, rentals will go down as more and more tenants will close. and Ayala made estates are too luxurious. and also multiply site, ito ang mall killer. mas madami pa ko mabibiling products na magaganda at murang-mura sa mga tiga-Ateneo (na anak ng mga big time importers/businessmen hehehe) na nag-bubusiness sa multiply kaysa pumunta sa mall. and considering na ang young generation are getting used to buying on the net, ang mag-survive na lang sa malls eh mga service-oriented in the future ...

[uls]

well, then follow his advice.

[tidus1203]

Yep its all the market participants opinion gathered into one which determines the price. Citisec is just one participant in the market. Some people really think its cheap even last month, 2 months ago, 6 months ago. I say read my signature!

[uls]

and let's not forget, the market is not operating on fundamentals now

[tidus1203]

Basta one of the most important things we have to remember. PRICE DISCOUNTS EVERYTHING. Price discounts fundamentals, market psychology, future prospects. EVERYTHING. At least everything known to the market, even insider selling is part of the price. So watch the price!

[jpdm]

the stock broker president may have a winner on the ff:

Manila Water - no need to explain
Jollibee - still buying foreign food franchises
BPI - the most traditional non-merging bank
PLDT - broadband penetration to increase more

Agree here.

but i doubt if it's ok to invest in SM Prime nor Ayala Land.

SM Prime/Ayala land - ang alam ko pag recession, rentals will go down as more and more tenants will close. and Ayala made estates are too luxurious. and also multiply site, ito ang mall killer

.

Agree.

mas madami pa ko mabibiling products na magaganda at murang-mura sa mga tiga-Ateneo (na anak ng mga big time importers/businessmen hehehe) na nag-bubusiness sa multiply kaysa pumunta sa mall.

I dont agree. Buy pinoy.

Importers are not really helping local industries or local employment.

and considering na ang young generation are getting used to buying on the net, ang mag-survive na lang sa malls eh mga service-oriented in the future ...

Dont agree.

very few, I believe do this.

Most of them still go to the malls lalo na yung walang internet connectiosn or walang PC.

[uls]

Wealthy Filipinos keep offshore investments away from risky assets

http://www.abs-cbnnews.com/business/...y-risky-assets

As frenzy bailouts and ownership changes among investment banks and insurance firms hit headlines and bottomlines, wealthy Filipinos who park their money in offshore accounts have been more picky in their choice of financial instruments, a private banker based in Singapore observed.

"Asian clients, including Filipinos, are going back to banks and have been shying away from brokerage houses and equities," said the banker whose clients include the wealthiest in the Philippines, Thailand, Indonesia and Malayasia. She talked to abs-cbnnews.com/Newsbreak on condition of anonimity.

"They call me even in the middle of the night because the volatilities [in the market value of investments] frighten them," she added.

Major losses in the offshore investments of Manila's Who's Who has been flooding coffee shop talks. The extent of the total losses, however, remains a mystery. Wealthy Filipinos prefer to invest their personal money outside the country to keep these away from the prying eyes and reach of Philippine-based courts, politicians, their own family members, among others.

Private banks cater to the super affluent, defined as those with assets in excess of US$3 million.

A resident of posh Dasmarinas Village in Makati City tried to help put their losses in perspective. "Let's put it this way: if my neighbor used to have $15 billion, their offshore losses have cut that to just $5 billion. Sure, they are $10 billion poorer, but they still have $5 billion stashed away."

Private banking started in the Philippines when well-off Filipinos began stashing away their cash and other assets in other countries, like Switzerland, after former president Ferdinand Marcos declared martial law in 1972.

Philippines is said to be the second biggest source of offshore clients in Asia, next only to Indonesia where investor confidence is also weak.

By some accounts, total funds of Filipino clients invested offshore before the start of the US-led global financial crisis is in the vicinity of $60 billion, dwarfing the almost $2 billion foreign direct investment that the government hopes to achieve this year, and could have easily funded the strategic national infrastructure projects. Controversial projects such as the Chinese-funded Northrail and ZTE telecommunications projects only cost $500 million and $330 million, respectively.

"They don't have an option but to keep their funds outside the Philippines," the Singapore-based private banker said.

"The best they could do is to park their money in safe assets. There are few who are contrarians and would like to bet on low-priced assets. But there are more who are not after the highest possible yield now. They just want to make sure their capital is intact," she added.

Similar attitude is observed by finance professionals who cater to mid-range clients, defined as those who at least have $300,000 to $500,000.

"Nothing beats sticking to the fundamentals: diversify and ladder the maturities," one fixed income dealer said.

[jpdm]

As I said, mining is a lucrative business here...

and, these guys need local partners....pinoys with investment abroad..bring back your money here..

Manila Standard
November 29, 2008

Atlas, Jiangxi group tie up

China’s Jiangxi Rare Earth and Rare Metals Tungsten Group Corp. is to build a pilot nickel-cobalt ore processing plant in the Philippines, partner Atlas Consolidated Mining and Development Corp. said yesterday.
Atlas Mining said Berong Nickel had signed a memorandum of understanding with the Jiangxi group to construct the leaching facility. It will be built at the Berong Nickel Corp.’s mine in Palawan and is expected to have a capacity of 3,000 to 5,000 tons a year, which will be sold to the Chinese firm at global market prices, it added.
Listed Atlas Mining, which has a 25.2 percent stake in Berong Nickel, said the plant would provide key inputs to the eventual construction of a full-scale plant capable of processing up to 40,000 tons of ore a year.
The Jiangxi group, owned by China’s Jiangxi province and the world’s largest tungsten and rare metals processing company, is now building a refinery in China to process the product from the Berong leach plant.
Berong Nickel will have an option to acquire up to a 25 percent stake in the refinery, it added.
Jiangxi group’s investment is in line with China’s continuing heavy investment in oil and mineral resources abroad to supply the growing needs of its powerhouse manufacturing sector.
Atlas told the Philippine Stock Exchange in a disclosure statement that the Chinese firm will finance the entire capital cost of the leach plant in exchange for a guaranteed long-term laterite ore supply agreement.
The partners’ ownership shares in the plant are yet to be agreed, it added.
Atlas said the Berong deposit has about 140 million tons of reserves averaging 1.41 percent nickel and 0.07 percent cobalt. It started production last year.
The deal “puts Berong Nickel Corp. on the path to becoming a mid-tier, vertically integrated nickel producer,” it said.
“In the current economic climate, added value processing of ore is the optimum way forward for nickel producers, eventually to replace direct ore shipping,” it added.
Under the agreement, Berong Nickel will sell the entire mixed cobalt hydroxide product to the Jiangxi group under a long-term supply agreement that will reflect international market prices.
A detailed metallurgical testing in China will be done over the next six months to determine the best leach technology for the construction of a full-scale plant capable of processing up to 40,000 tons of ore per year.
Berong Nickel’s laterite deposits in Palawan have approximately 140 million tons of mineralizaton.
The Jiangxi group is a state-owned company under the management of the Assets Supervision and Administraton Commission of Jiangxi Province in China.
It is the largest tungsten and rare metals mining and processing company in the world with more than 7,000 employees. Jenniffer B. Austria, with AFP

[Gen. Miting]

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Dont agree.

very few, I believe do this.

Most of them still go to the malls lalo na yung walang internet connectiosn or walang PC.

for now, you are right.

but think ahead. think of the new generation. the generation who entered school with a cellphone on his left hand and a computer/ps2/wii on his right hand.

these youngster never knew that the internet was once 56kbps nor that computer monitors screens were once green or black and white nor that even cellphone had tiny protruding antennas on the top or NOR that even the baby boomer's of the 70's and 80's did their research in a library full of outdated books and materials.


it was once said the daily consumer spending were highly dependent on the 15-33 age bracket. this is what drives the walk-in commercial sector kasi people from this age bracket prioritize their wants more than their needs.

so which am i referring to as walk-in commercials: these are the malls, mini-malls, sidestreet stores etc. kaya nga siguro lalong nagtaas ang bilihin sa malls ngaun. why? bec. their regular customers (age bracket 15-33) are not being regular buyers. and so to survive, they raise their prices and maximize profit on the few who still buy on the mall.

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i have been to the Greenhills night market just yesterday. kung last year, ang average prices for sale there is 200 to 500 per rtw. ngaun, may P30, everything P50, P80 na, mayroon pa nga dun 6 for 100 na panty sobrang baba sabi ko. sabi ng misis, ok dito ah mas mura pa sa multiply.

and so I figured, the tiangge operators are wiser than mall operators. they now know who's the new competition. hindi na mall ang kalaban nila.