COL Financial, the country’s top online stock broker, reported that its consolidated net income almost doubled to P404.4 million in the first nine months of 2023, up 95 percent from the P207.5 million earned in the same period last year. In a disclosure to the Philippine Stock Exchange (PSE), the...
The local stock market is seen to remain cheap and this may continue to spur investors to bargain-hunt although the recent rise in the inflation rate and worries over the country’s economic growth are seen to limit any rallies. “The local market remains at bargain levels with a price to...
Investors in the local stock market will be watching out for the September inflation numbers on Oct. 5 after its strong performance last week. “Despite last week’s rally, the local market remains at attractive levels as its price to earnings ratio as of September 29 is at 13.61 times, below its...
With last week’s trading at the stock market swayed by inflation data that gave clues on US interest rate movements, investors this week will get to actually see what the US Federal Reserve will do in reaction to this data. “The policy meetings of the Federal Reserve and the Bangko Sentral ng...
The earnings growth rate of publicly-listed companies slowed down in the second quarter of 2023 compared to the first three months of the year due to rising inflation and interest rates while the low base effect of the first quarter of 2022 faded. In a study, COL Financial reported that “headline...
The local stock market may see some bouts of bargain-hunting especially with US stocks up over the weekend after US Federal Reserve Chairman Jerome Powell’s speech at the Jackson Hole. However, analysts note that investor sentiment remains weak due to discouraging prospects of the local economy....
The Philippine stock market benchmark, the PSEi, had been stuck in the doldrums for months—trading within a tight 200-300 point band—before crashing below its support level to a nine-month low and underperforming other regional and emerging markets. China Bank Capital Corp. Managing Director...
While the local stock market has been on a steady decline - down to its lowest level in nine months -- analysts do not see much relief as investor sentiment has turned bearish due to a confluence of negative factors. “The local market closed last week at 6,290.27, its lowest close since November...
While some bargain hunting may be seen this week at the stock market, sentiment will continue to be weighed down by slower economic growth, inflationary pressures, and the start of the Chinese ghost festival. “With our second quarter Real Gross Domestic Product growth coming in below...
The local stock market is seen to open the week with some bargain-hunting following last week’s steep drop although investors will also be taking cues from the release of the Philippines’ second quarter economic growth data as well as the US July inflation numbers. “Given the steep decline...
The local stock market is seen to have a downward bias as investors continue to fret over the impact of high inflation and rising interest rates although there may be a bit of bargain hunting that may be spurred by positive earnings reports. “The local market has already been declining for four...
COL Financial, the leading online stock broker in the Philippines, is bullish about the prospects of the local equities market and sees the Philippine Stock Exchange rising to 7,500 to 8,250 once it sets a strong base after a much-needed correction. “PSEi punched over its downtrend line, 200-day...
