Philippine market one of top 3 JP Morgan picks for 2013


Global investment bank JP Morgan has picked the Philippines as one of its three most-favored stock markets for 2013, marking the fourth straight year that the local bourse is expected to outperform most of its regional peers.

“We are still very bullish for 2013,” JP Morgan Securities Philippines Inc. executive director and head of equity research Gilbert Lopez said in a press briefing on Monday. The two other Asian markets seen by JP Morgan as top market picks for next year are Thailand and India, citing favorable demographics as a common denominator with the Philippines.

At the beginning of 2012, JP Morgan’s emerging market and Asian equity strategist Arian Mowat also cited the Philippines as among its most favored markets along with Thailand and Indonesia. This year, he said the Philippines was still on Mowat’s favored list.

Lopez said JP Morgan had an “overweight” rating on Philippine equities for the last four years. An “overweight” rating refers to a recommendation to buy in excess of the prescribed weight in a closely followed index like MSCI Asia ex-Japan, which JP Morgan expects to rise by 15 percent next year.

JP Morgan does not target local indices like the Philippine Stock Exchange index but Lopez said that based on its price targets on monitored stocks, the PSEi might have room to rise by another 20-25 percent from current levels. The company covers 30 Philippine stocks, at least 27 of which are part of the PSEi.

“The reason we like the Philippines is that in a global context, earnings environment is still good,” Lopez said, adding that JP Morgan was expecting average earnings per share in this market to grow at a faster pace of 17 percent next year from about 12 percent this year.

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  • joboni96

    delikado na naman

    here comes hot money
    to suck out pilipino wealth

    after they are through with us
    we’re again the sick man of asia

    better the government
    to offer better investment opportunities
    to overseas and local pilipinos

    less going to malls of henry sy
    less pyramiding scams

  • Michelle Martin

    Great! Ignore the negamons they are just jealous :D

  • NoWorryBHappy

    I am elated with all these good economic news about the Philippines.
    But let us not be distracted with all these accolades.
    We still have lots of work to do to attain what Singapore has attained.
    Let’s congratulate ourselves, celebrate a little and continue to work harder for
    the good of every Filipino.

  • Dawn Gabriel

    Sadly upgraded ratings and favorable forecasts don’t translate into actual investment in the Philippine Economy.  Until we can shake our nation’s image as dangerous and corrupt, we will probably keep waiting behind other emerging economies like Indonesia and Thailand.

    • lucidlynx

      anong does not necessarily translate to actual investment? sinabi na nga ng JP Morgan na in 2013 it is good to invest in the Philippines. hindi naman forecast ang sinabi nila kundi ADVISE! and that advise based also on the ratings we got from credit-rating agencies.

      kung hindi ka makikinig sa JP Morgan ng financial advise, eh kanino? kay madam auring?

      • Iggy Ramirez

        Kay madam bola.

    • willbillywilly

      Corruption in Indonesia & Thailand is even worst than here. Name of of a country where corruption & crime does not exist.

      • CmdrAdobo

        Corruption in indonesia and thailand are worst than here? What happened then? They are more progressive than us.

      • GaggerAlert

        Agree. People blame corruption even though they know that its everywhere even in the most progressive countries.

        I think the continued slow take off our economy is not because of corruption, but because of people don’t know what they really want.

        Filipinos want to be progressive, but everyday specially in the shanties, there are people there who do nothing but eat, drink, and sex. Hanggang salita lang tayo. Pagdating sa gawa, tamaran na. 

      • George Lapulapu

        i agree. an indicator should be the OFW’s money send back home. How are the families of OFW’s spending their money. Are the OFW family spending the money in activities that can generate more capital?  or baka sa mga ipad, ipod, at mga fads na items? or baka naman sa pyramid scam.

        Ang OFW families ba ay may kakayanan na gamitin ang pera sa isang makabuluhang paraan? many of OFWs lack the basic knowledge of financial management. one day millionaire.

        the country will not develop with OFWs $20 Billion contribution.The country will develop based on what we do or what the OFW families do to the $20B annually.

        just a thought.

      • GaggerAlert

        I guess its deeply seeded in the culture of OFW families. Kapag may pera ang mga magulang, specially si papa. Pabili ng pabili. If is papa indi binilhan si junior ng gusto nya (kahit na ubod ng mahal), indi lang c junior ang sasama ang loob, pati si mama. Uu nga namn, may sweldo kang kalaki-laki, indi mo ba mabilhan kahit yan lang? Saan pa lulugar si itay dyan?

        From the start kids should be thought that everything is hard earned money. I for one came from an OFW family, however indi kami yung type na maluho. Sure nagpapabili ng kahit anu minsan, pero kung indi talga puede, then that’s that. We were not raised like spoiled brats.

        Good thing my mom is smart when it comes with money, instead na hinayaan nya lang dad ko na magwork, tinuloy pa din nya business nya na. Even na nawalan ng work ang dad ko for a short time, we still survived. It really pays when someone plans ahead.

        The government should think of ways how this OFW families would become producers instead of consumers, these are they types of family na high ang income, so why not tap them to inject funds on a business instead of buying nonsense stuff.

      • Ding

        $20B annually divided by, say, 10 million OFWs equals $2M per OFW family become richer by this much every year…multiply into P40 per dollar equals P80M richer per OFW every year.  Mahigit P6,600,000.00 per month?  Sana nga ay totoo ito!

        Nagtatanong lang po ako, I wish totoo na nga ‘yan, ibig sabihin 10 million OFW families become multi-millionaire each month.

        George, huwag kang magdaramdam, I see sensibility in every word you said in your post.  In fact, I am with you, except the $20B annually.  I wish that figure is correct.  With sincere apologies if my arithmetic was wrong.

      • Ding

        I agree with you…sana nga ay magamit nang maayos ang mga remittances ng OFWs…pero, teka, tama ba yang $20B annually?

        With sincere apologies, if my arithmetic was wrong.

    • George Lapulapu

      O well, I dont see any advantage for a negative (downgraded) ratings either.

  • The Truth

    Well if you’re not yet in the PH stock market, you’re missing a lot.

    Try BPI or Citisec (COLFinancial) online trading system, it’s great.

    If you’re new, put only your investment on blue chip stocks such as large banks, property developer and utilities. At least, a 20% to 30% return in a year time.

    • Sulit

      so true! i bought BPI last September and as of today my investment is up 30.71%!! ka-ching ka-chging!!!

  • ian martinez

    “Favourable Demographics” – a euphemism for, plenty of cheap labour. Good time to invest in this country!

    • lucidlynx

      favorable demographics also mean a learned and skilled populace. kahit cheap ang labor kung wala namang alam eh wala din bisa.

      and the only reason why we have cheap labor is that because the cost of living in the Phils. is also low. if cost of living is high, I don’t think our workers will accept low wages. tatambay na lang sila sa kanto o bukid.

  • Ricgwapo


    Keep on rolling!

  • Klepto

    I will never invest a single centavo in this country. The only investment suitable for Philippines is KTV bars and Whorehouses.

    • john mark santos

      who needs your investment. we are not forcing you

    • Chris

      hahaha.. then why are you here? your time spent posting is more than a single centavo of investment.. what a jerk!

    • tongue_N_cheek

      Your loss :) I hope you eat your words, because we will drive this country for the better.

      • Klepto

        Good luck driving it. Unfortunately I can’t wait for it to get better before putting some $ in. There’s some that are already speeding …… and a lot safer.

        BTW, I already tried bpiTrade and Citisec Online. Guess what? Even your bluechips are heading south. Couple that with slow internet, frequent brownouts, and frequent server downtime, investing in PI is a total waste of time. And as you know time=gold, so figure it out.

    • lucidlynx

      eh di huwag! who’s gonna follow you anyway with a name like yours?

    • Jezzrel

      Really? How can you invest if you’re not here in Philippines? 

      • CmdrAdobo

        Stupid question. Ill give u an example: I’ll invest LionGlobal Philippines Fund from Singapore?

        And there are so called ‘Foreign Investors’.

      • Klepto

        Well I guess you have no clue that monies flow like electrons in a wire. You have no idea that I linked my DBS/POSBank account to buy Silver in HongKong, :)
        It’s called settlement account. Gets mo na?

    • Iggy Ramirez

      The country is what its people make of it. Kung hindi ka tutulong hindi din uunlad ang bayan. Anong gusto mo, mag-invest na lang kapag nakikita mo nang tatabo ka? Kaya nga tinatawag na invest kasi you have to sacrifice something to achieve a greater return.

      If you don’t want to invest, it’s up to you but you don’t have a business here. We do not want you here.

      Stupid mentality. Gusto lagi nakikinabang.

    • BawalAngReklamador

      Sa kagaya mong “bulok” ang pag-iisip.. Mas magandang MAGNAKAW ka na lang kesa MAG-INVEST..

      • Klepto

        Hey dude, go to yahoo or google finance and find the performance of the following quotes: PRNHX, VTTHX, PRSVX, and DODBX

        With over US$600,000 combined investment in those funds, I’m really not interested to steal.

    • tabingbakod

      Better invest in Thailand then if whores are your expertise. Much more tourist who spend big bucks for sex tours.

      • Klepto

        Dude, how did you know I don’t have investment portfolios at TRowePrice & DBS? Oooohhh, let’s see why I put all my money in DBS/POSBank instead of banks in PI. Aaaahhhh, PDIC only guarantee 500k whereas the Singapore government gives 100%. Ooooops!!!

        Actually I lied, I used PI banks too. Well, I need a place to put some barya too, :)

      • Ding

        ‘Yung klepto nagkaka-tanikala sa leeg.

      • Ding

        Iyung klepto nagkaka-tanikala sa leeg.

    • tabingbakod

      I understand, your mother is filty whore, you dont know who your father is and you grew up in a KTV bar, lost your virginity to a gay beggar. Its the only business you know.

  • willbillywilly

    I wonder what crabs will say now

    • lucidlynx

      the usual thing. supporters of GMA still abound.

      • boldyak

        Global investment bank JP Morgan has picked the Philippines as one of its three most-favored stock markets for 2013, marking the fourth straight year that the local bourse is expected to outperform most of its regional peers. …..”fourth straight years…”…don’t ever credit it to your president…

      • Ding

        Hi, boldyak…hanggang ngayon namboboldyak ka pa rin.
        hahaha…hihihi…hohoho…we will never credit it ot former president,
        everybody knows that except the boldyakeros.

      • Ding

        You forgot to put former in your president, unless it is again one of your usual pambo-boldyaks.

        No worry, any how, we won’t credit it to the former president.

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