Re: Philippines
Posted: Fri Oct 21, 2016 11:22 amNomura Upgrades Philippines As Duterte Pivots To China, Boosts Infrastructure
By Shuli Ren
The Philippines is growing fast and has a better growth profile than Vietnam or Indonesia, according to Nomura Securities, which upgraded the Philippine stock market to Overweight even though the PSE Index trades at an expensive 20.9 times trailing earnings.
Nomura sees the Philippines growing at 6.7%, 6.3% and 6.5% in 2016, 2017 and 2018, respectively..
“We expect the Duterte government to make more progress on infrastructure spending than its predecessor and boost reforms, particularly by cutting red tape and implementing comprehensive fiscal changes despite the current political noise,” wrote economist Euben Paracuelles.
Source: Barron's Asia
http://blogs.barrons.com/asiastocks/201 ... structure/
By Shuli Ren
The Philippines is growing fast and has a better growth profile than Vietnam or Indonesia, according to Nomura Securities, which upgraded the Philippine stock market to Overweight even though the PSE Index trades at an expensive 20.9 times trailing earnings.
Nomura sees the Philippines growing at 6.7%, 6.3% and 6.5% in 2016, 2017 and 2018, respectively..
“We expect the Duterte government to make more progress on infrastructure spending than its predecessor and boost reforms, particularly by cutting red tape and implementing comprehensive fiscal changes despite the current political noise,” wrote economist Euben Paracuelles.
Year-to-date, the iShares MSCI Philippines ETF (EPHE) is up 10.5%.
Source: Barron's Asia
http://blogs.barrons.com/asiastocks/201 ... structure/