Philippine equities held their footing above the 6,000 level as caution continued to dominate trading, with analysts balancing global headwinds against pockets of domestic resilience.
Philippine equities continue to show underlying strength despite the PSEi’s recent mild pullback, which analysts view as a natural bout of profit-taking after a sharp advance.
The benchmark Philippine Stock Exchange index (PSEi) could hit 7,800 points within the year as most of its 30-members have forecast earnings exceeding pre-pandemic levels.
The planned expansion of Lufthansa Technik Philippines in Clark is being seen as a major , validation of Luzon International Premiere Airport Development Corporation’s (LIPAD) long-term goal of positioning Clark International Airport as a regional aerospace and maintenance, repair and overhaul hub.
The Securities and Exchange Commission (SEC) has approved A Brown Co. Inc.’s shelf registration for up to P12 billion in fixed-rate bonds, and cleared its initial offering under the program.