Latest Stories

PH among JP Morgan’s favored markets

Local bourse seen extending its winning streak in 2013


Global investment bank JP Morgan has kept the Philippines among its favored stock markets this 2013 with a view that the main local index—despite the strong run-up in the past four years—could extend its winning streak by another 15 percent.

“We’ve been overweight on the Philippines since 2009 and we have no intention of changing that view,” JP Morgan’s chief for Asian and emerging market equity Adrian Moet said in a briefing Friday.

“From the perspective of the international equity investor, the Philippines is delivering low currency risk, high economic growth and high (corporate) earnings growth and that’s a very attractive proposition particularly against a still quite troubled world,” said Moet, who flew in from Singapore to speak in a forum organized by JP Morgan for large institutional investors keen on Philippine equities.

The forum this year, attended by around 70 institutional investors—mostly long-term investors who are new to the Philippines—is the biggest so far in the last seven years that JP Morgan has conducted such briefings to pitch local equities to the foreign market.

For 2013, the Philippines joins Mexico, Turkey, Thailand and India among the countries where JP Morgan has an “overweight” rating. “Overweight” is a recommendation to accumulate stocks in excess of a benchmark index, usually the closely-tracked MSCI index.

Moet said good macroeconomic stability, improving policies and prospects of demographic dividends—referring to a large pool of human resources reaching working age—were common to most of these markets (except Thailand).

On the other hand, JP Morgan has an “underweight” recommendation on Brazil, Taiwan and South Korea.  The investment firm has a “neutral” rating on China.

Follow Us

Follow us on Facebook Follow on Twitter Follow on Twitter

Recent Stories:

Complete stories on our Digital Edition newsstand for tablets, netbooks and mobile phones; 14-issue free trial. About to step out? Get breaking alerts on your mobile.phone. Text ON INQ BREAKING to 4467, for Globe, Smart and Sun subscribers in the Philippines.

Tags: Business , JP Morgan , Philippines , Stock Markets

  • mamamiamia

    Accept it mga Hija!  As long as the economic uncertainty is a number “1″ problem of this generation and time . Emerging  economies  like the Philippins will be a “parking” investments of the “haves”.    Be wise and take advantage, opportunity knocks only once!

  • http://profile.yahoo.com/4XVVCOAZXYTPN2X3IPFCFDSKFM Melvin

    Kahit pa sa paanong anggulo mo tingnan iisa ang masisipat si GMA ay napakakurap walang  comma only period…

  • kismaytami

    This bank will surely make investors think twice.

  • regd

    This is a legitimate con company. They will full blast music to your ears but what it actually does is exploit the market. And when it’s “mission accomplished”, off they go with no contribution to the country whatsoever!

  • rjimenez1226

    You should worry once corrupt JPMorgan begin singing hallelujahs.

  • Weder-Weder Lang

    Here comes more hot money.

  • rodben

    Kahit na wala akong nagustuhang Pangulo after Marcos, since 2009 JP Morgan overweight daw sila sa Pinas together with Turkey and Thailand, so the good stock market in Pinas start with Ate Glo buti tinuloy ni Noy2 even no industries come-in bawi naman sa stock market mga negusyante, even no new jobs to the workers ok lang still OFW’s are very much welcome in other countries Pinoy sanay sa sacrifice , at sana marunong din MAGPASALAMAT ang Noy2 administrations sa Gloria administrations bilang Christianong bansa.

    • http://profile.yahoo.com/I4AI3RC6VZ5ZSHGN7WQGZVFITE Romeo T

      wat..are u insane?..magpasalamat?…hahahaha….magpasalamt siguro kami kasi di korap si pnoy…di tulad nung nakaraang administrsayon…..and infairness, matalinong presidente si gloria pero NASIRA SYA SA ASAWA NYA…….

    • Diablo_III

      I think Gloria was not corrupt but she was overwhelmed with the influence of her BUWAYANG FG CROC d LACOSTE.. Kaya naging bulag-bulagan nalang siya. Sana may divorce dati para e divorce ni GMA yung BUWAYA niyang asawa na ngayon parang HIPPO na. 

      • manks

         100% agree ako sa sinasabi mo jan pre…

    • KpTUL

       Yeah .. Im not pro Gloria but they are really ovekilling this thing againts her. It pains me to see what she has been going through. She worked a lot you know and the peole just like completely shun her. What a shame for this country.

    • http://pulse.yahoo.com/_EXFI4EUGM23PQ4FMQKLVH36OXI Jose

      Why do idiots on the internet thing decent economic performance excuses massive corruption?

  • http://twitter.com/Borogol Borogol

    yan din sinabi nila last year… pldt stocks daw 3000, bat until now wala pa? delayed ng 1 year?

    • http://pulse.yahoo.com/_JEMNLLYAP5EA7SM3A6QUOGV62Q Chris

      but you also have to check profitability.. study first before biting on those recommendations.

Copyright © 2014, .
To subscribe to the Philippine Daily Inquirer newspaper in the Philippines, call +63 2 896-6000 for Metro Manila and Metro Cebu or email your subscription request here.
Factual errors? Contact the Philippine Daily Inquirer's day desk. Believe this article violates journalistic ethics? Contact the Inquirer's Reader's Advocate. Or write The Readers' Advocate:
c/o Philippine Daily Inquirer Chino Roces Avenue corner Yague and Mascardo Streets, Makati City, Metro Manila, Philippines Or fax nos. +63 2 8974793 to 94


  • Korea ferry captain defends actions, bodies seen in ship
  • Traffic starts to build up at toll plazas on Black Saturday
  • Flash floods hit 9 Tagum villages
  • No tsunami to hit PH after 6.9 quake jolts Solomon Islands–Phivolcs
  • Search resumes for bodies in Everest avalanche
  • Sports

  • Hamilton takes pole at Chinese Grand Prix
  • Duke’s Rodney Hood joining Jabari Parker in NBA draft
  • Phelps entered in 3 events at comeback meet
  • Boston prepares for huge wave of marathon visitors
  • Motivated LeBron James preps for postseason
  • Lifestyle

  • Levine designs womenswear with help from fiancee
  • Gabriel Garcia Marquez, Nobel laureate, dies at 87
  • Ford Mustang turns 50 atop Empire State Building
  • Pro visual artists, lensmen to judge Pagcor’s photo contest
  • ‘Labahita a la bacalao’
  • Entertainment

  • Myx TV premieres Asian American ‘docu-series’
  • A nutty finale for ‘Scandal,’ TV’s craziest show
  • EXO postpones release of mini album ‘Overdose’
  • ‘X-men’ filmmaker slams ‘fabricated’ sex attack claims
  • Singer Chris Brown’s bodyguard on trial in DC
  • Business

  • Fiat-Chrysler to produce iconic Jeep in China from 2015
  • US commerce secretary spells out economic facet of ‘pivot to Asia’
  • Italy sells luxury state cars on eBay
  • Asian shares mostly up in quiet trade
  • Dollar up in Asia on US jobs data, Ukraine deal
  • Technology

  • Nasa’s moon-orbiting robot crashes down
  • Netizens pay respects to Gabriel Garcia Marquez
  • Nokia recalls 30,000 chargers for Lumia 2520 tablet
  • Facebook rolls out ‘nearby friends’ feature
  • Netizens seethe over Aquino’s ‘sacrifice’ message
  • Opinion

  • Editorial cartoon, April 17, 2014
  • A humbler Church
  • Deepest darkness
  • ‘Agnihotra’ for Earth’s health
  • It’s the Holy Week, time to think of others
  • Global Nation

  • We treasure our Sierra Madre
  • OFW from UAE tests negative for MERS-Cov–health chief
  • Multicultural flock marks Good Friday in San Francisco
  • Las Vegas ‘Pinoy Pride’ fest hails Filipino heritage
  • Marking Jesus’ journey on Good Friday
  • Marketplace