Investors Put Philippines on Neutral
They are still bullish on the Philippines, Herald van der Linde, HSBC head of equity strategy for Asia Pacific explained to me and PhilStar business reporter Ted Torres. The political risk arising from our presidential election next year is making them a bit more cautious but van der Linde said he is keeping his “neutral,” rating on Philippine equities anyway.
The Dutch economist who is based in Hong Kong said the Philippines is still the most promising in Asean, citing our “resilient growth, high business confidence and positive earnings outlook.” Details
