CNN: PH stock market is one of the world's 'hottest'

[Ronzkie23]

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PH stock market is one of the world's 'hottest'

ABS-CBNnews.com
Posted at 04/30/2013 12:17 PM | Updated as of 04/30/2013 12:17 PM


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MANILA, Philippines - The Philippine stock market is one of the "hottest" in the world so far this year, according to a CNN report.
On the CNN Money website, the Philippine Stock Exchange index (PSEi) was ranked the 5th "hottest" stock market in the world, after Kuwait, Argentina, United Arab Emirates and Japan.
The PSEi has rallied 20% so far this year, as it breached the 7,000 level for the first time ever. The main index has reached 27 new all-time highs so far this year.
Investors have flocked to the Philippines as the country earned its first ever investment grade credit rating from any ratings agency last March.
CNN Money quoted Ashraf Laidi, chief global strategist at City Index in London, as saying investors have been attracted to the Philippines "because it's shielded from the economic slowdown in China."
"The economy doesn't depend on exports to China like many other countries in the region... It's more tied to domestic consumption," Laidi said.
As of 12 noon Tuesday, the PSEi was up 0.46% to 7,060.81.
Barely four months after it first breached the 6,000 level, the PSEi breached the 7,000 level last April 22. Analysts and fund managers are betting the PSEi will continue to rise, driven by optimism on the Philippine economy and further cut in interest rate of special deposit accounts (SDA).
The Palace earlier said the PSEi's record highs is a "manifestation of continued confidence in the prospects of our economy, not only from the international community, but also from Filipinos who are raising their stake in our country’s success."

Abs-Cbn Source: PH stock market is one of the world's 'hottest' | ABS-CBN News
CNN Source: World's 5 hottest stock markets in 2013 - #5 Philippines: +20% (1) - CNNMoney

- Ok paminawon nato mga opinyon sa mga bangiitan og expert sa stock exchange. Unsa inyo masulti ani?Og kato mga nag-ingon tapulan si Pnoy unsa inyo masulti ninyo ani?Feel ba nato ni?

[Mr.DIY]

Certainly we will feel the effect of this in the coming months or years maybe, where the investors start to pour in their investment and as a result jobs opportunity will more available and easy to find. Indeed Pinoy anti-corruption drive paid off and made some impact to global business community.

[<SMILE>]

I also heared we would follow
Indonesia as one of the Investment destination in Asia,
But I hope that this would prosper considering the failure
of the negotiation between the government and cpp-npa.

[Ronzkie23]

Update: Lucky Strike maker raises investment in PH this year
ABS-CBNnews.com
Posted at 04/30/2013 1:59 PM | Updated as of 04/30/2013 1:59 PM

MANILA, Philippines - British American Tobacco Philippines, the maker of Lucky Strike cigarettes, is increasing its investment in the Philippines to more than $50 million this year.

James Lafferty, BAT Philippines general manager, said the company will double its purchase of Philippine tobacco leaves to 3.6 million kilos in the 2012-2013 planting season. This is estimated to be worth between $12 million to $14 million. Last year, the company bought 1.8 million kilos of Philippine tobacco leaves.

With this year's purchase, Lafferty said BAT is now the biggest buyer of Philippine tobacco, in relation to market share.

"We are only less than 1 percent of the market and yet we are buying almost 5 percent of the total projected harvest. The excess Philippine tobacco leaves that we buy are being smoked all around the globe, as I have pushed the company to use our excess in other markets," he said.

This year, BAT is planning to invest more than $50 million in the Philippines. Earlier, the company said it will invest at least $200 million in the country in the next 5 years, starting this year.

"For this year, we plan to put in more than $50 million, which will be used to hire more people, production and marketing. But, big chunk of the amount will go to hiring new jobs," Lafferty said.

BAT expects to grow its market share in the Philippines with the introduction of new Lucky Strike variants and other brands.

One of the new products to be introduced in May is Lucky Strike Click & Roll, which contains a menthol capsule in the filter that is activated when the filter is clicked.

"Lucky Strike Click & Roll is an innovative new concept in cigarettes and BAT is selling it first in the Philippines in Asia. We will sell it below P40 per pack," Lafferty said.

At present, BAT sells Lucky Strike red and green in the Philippines. BAT's other brands, which are not yet available in the country, include Dunhill, Kent and Pall Mall.

Source: Lucky Strike maker raises investment in PH this year | ABS-CBN News

[OEMe]

Great news

[shearts]

this holds very true for me coz ako investment in trust funds ni-saka jud ang NAV(net asset value), ang ako absolute yield is 17.3% na ang growth based on my initial investment! pwera buyag lang..

[Ronzkie23]

Update: 'Now is the best time to invest in stocks'
by Kathleen A. Martin, ABS-CBNnews.com
Posted at 04/30/2013 2:21 PM | Updated as of 04/30/2013 3:50 PM

MANILA (UPDATE) -- Despite the numerous peaks the Philippine Stock Exchange index has hit this year, COL Financial said now is the best time to invest in the local bourse with the low interest rates and the robust macroeconomic conditions.

"This is the best time to invest... The market has really been performing well in the past three years... and the country is entering a golden period," Conrado F. Bate, president and chief executive officer at COL Financial, said in a briefing.

Bate explained that even if the PSE index has already reached 27 peaks so far this year, there is still room for growth given the country's low interest rate environment.

Moreover, Bate said: "The sentiment in business and government is at an all-time high."

COL Financial sees the stock market hitting 7,200 to 7,400 this year from its 5,812.73-finish in end-2012. This projection is actually only hundreds away as the PSE index hit 7,120.48 last April 22.

Bate added the market could even soar to as high as 10,000 in two to three years time.

Invest with discipline

Given this, Bate encouraged Filipinos to take advantage of the current robust economy and invest part of their savings in the stock market.

"The stock market is for everybody. It's really the first-time investors that we really try to attract because today, you no longer rely on fixed-income investments only. You have to learn to invest your money in the stock market," Bate said.

Bate allayed fears that investors may lose their money because of the high risk involved in dabbling with the stock market.

"You just have to have discipline because investing is about having the right discipline," Bate said.

"No matter how attractive other opportunities are in the stock market, we tell people to stick to the good companies because investing is not about hitting the jackpot overnight, it's about putting your money to work for a long period of time," he continued.

Bate said that these "good companies" or blue-chip firms are the ones that can withstand an economic slowdown given their strong financials.

"The blue-chip companies are pricey but one should always take advantage of a growing company because even in bad times, they have the advantage over their competitors," he said.

A big risk to the country's growth that may affect the PSE as well is the fast-appreciating peso, Bate said.

The strengthening currency cuts revenues of the exports sector and the business process outsourcing industry, and reduces the spending power of families dependent on remittances sent home by Filipinos living and working overseas, he added.

Source: 'Now is the best time to invest in stocks' | ABS-CBN News

[shearts]

i really wish i could invest more but wala mn gud ko sa cebu. i'm working abroad but me & my wife made an investment sa trust fund when nanguli mi sa cebu just last january.

don't know when mi makauli balik sa cebu pohon..

i would encourage people to make investments over savings account. while it's good to have savings account, i prefer to have more investments over savings.

if magtigom ra ka ug money sa bank, perti ra gamaya ra sa interest, apilan pa ug withholding tax sa imo savings, tiwas! while ang investment maspas2x ang growth, well, depende pud sa type of investment nimo.

this advice goes very well sa book ni robert kiyosaki, "rich dad, poor dad." we must have both active & passive income. more importantly, let the money work for us rather than the other way around.

[monroy]

Never invest in stocks just because its "hot" as you're just following the crowd and will follow them off the cliff too when the market crashes. PSE is one of the riskiest and most volatile stock market indices in the world, and we haven't seen the last spectacular crash of the PSE just yet. In fact, as the index reaches greater new highs, the risk of a market crash increase exponentially.

Notice what the COL financial analyst says about low interest rates: "there is still room for growth given the country's low interest rate environment." That right there should tell you that a crash is coming and absolutely will happen. When will it happen?

Simple.. when interest rates begin to rise. Anyone who thinks interest rates will remain this low forever is a fool and deserves to lose all their money.

[shearts]

i agree, investing in the stock market is a high risk venture jud, dapat, naa jud ka know-how sa trading patterns sa stock market. there are other forms of investment sad just so people will know.

investment is not just limited sa stock market.