The Philippine Stock Exchange is off to a roadshow in Tokyo this week to make a pitch for the local equities market, riding on the country’s improved macroeconomic fundamentals amid a weakened sentiment for emerging markets.
The PSE has teamed up with stock brokerage DBP-Daiwa to host a Philippine Corporate Day at Daiwa’s corporate headquarters in Tokyo on Feb. 13 and 14, 2014. This is the second year that the PSE and DBP Daiwa are working together to host a roadshow in Japan.
The event aims to showcase the prospects of the Philippine stock market and to share the growth story of select listed firms.
“We’ve seen more interest from Japanese funds to include Philippine companies in their equity portfolio after the country was given investment grade status. This roadshow in Tokyo will give them a preview of what the Philippine stock market has to offer and it will give them a sense of how committed we are to the development of our capital markets,” PSE president Hans Sicat said in a statement.
The publicly listed companies joining the PSE in the Japan roadshow are Ayala Land, Banco De Oro, International Container Terminal Services Inc., JG Summit Holdings, Metro Pacific Investments Corp., Robinsons Retail Holdings Inc., Security Bank, San Miguel Corp. and SM Prime Holdings.
The representatives from the listed firms are expected to meet with about 20 of the top investment companies in Japan.
Earlier, the PSE has teamed up with Takara Printing Co. Ltd. to drum up interest among investors in Japan. They signed an agreement to strengthen collaboration among companies to allow the sharing of information about listing on the PSE; and to enhance investor relations activities and marketing initiatives in both the Philippines and Japan.
In February last year, Takara Printing also translated the PSE’s listing kit and new listing rules to Japanese. The PSE recognizes the need for this as more Japanese firms become interested in establishing subsidiaries in the Philippines.