Stay Defensive on Philippines for 1H2014
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Luz Lorenzo, Head of Research at Maybank Kim Eng, the Philippines talks about her outlook for the Philippines:
- the Philippines stock market underperformed recently, raising concerns about Bangko Sentral rate hikes in the months ahead. Should we be concerned, or are fears inflated?
- the Philippines saw an increase in net FDI inflows of 35% to USD3.4bn in Jan-Oct 2013. This comes in the wake of a 66% increase to USD2534mn in net FDI inflows in Oct 2013. Likely to continue seeing foreign investors big on the Philippines?
- reconstruction work from typhoon Haiyan?
- bearish or bullish on the Philippines?
BFM's Khoo Hsien Chun speaks with her.
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