Start of the rally came earlier than expected, marked by a series of coordinated interventions and slower rate of decline
Market is expecting a correctionHistorically, rallies following an economic downturn have fizzled and retraced lowerAsian financial crisisDot com bubbleIt is also possible that the market struggles and transitions into a “flat and fat” range”Decoupling may play a roleQuesstions is “what is already priced in?”
Discussions of upgrade
BSP inflation target is 3.5%
BSP has signalled an end to easing cycle, but remains willing to further cut rates if need be.NG has
SM Investment Corporation is the holding company of the SM Group of Companies. SMIC is engaged in four businesses through its subsidiaries: shopping mall development and management (SM Prime Holdings), retail merchandising (SM Department Stores, SM Supermarket and SM Hypermarket); financial services (Banco de Oro Unibank Inc. and China Banking Corporation), and real estate and tourism (SM Land, Inc and SM Development Corporation and Highlands Prime Inc.)In 2008, SM Prime Holdings owned 33 supermalls with a total gross floor area of 4.3 million square meters; SM Supermarkets and SM Hypermarkets had 37 supermarkets and 13 hypermarkets. BDO provides a range of corporate, commercial and retail banking services in the Philippines.
RLC is a real estate developer whose operations are divided into the following business divisions:Commercial Centers Division, which develops, leases, and manages shopping mallsHigh Rise Buildings, which develops and sells low- and middle-cost residential lots and hoses aimed predominantly at the lower to middle income market sectorHousing and Land Development Division, which develops and sells low- and middle-cost residential lots and houses aimed predominantly at the lower to middle income market sectorHotels Division, which owns and operates hotels within Metro Manila and Metro CebuAs of Sept 2008, RLC operates 21 shopping malls, 3 hotels, and 12 completed residential projects
ICTSI is engaged in the management operation and development of container terminals, and provides different services in each of the ports operated based on the nature of its business in the resident country and the general requirements of its shipping line and cargo owner customers. It primarily handles international containerized cargo, and also provides cargo handling and related services to container, storage facilities, and services and roll-on roll-off and anchorage services to non-containerized cargo or general cargo.
Philex is a Philippine based company engaged in exploration, development,, and utilization of mineral resources. The Company primarily produces copper, gold, silver as its products. In September 2008, Philex announced that its subsidiary Philex Petroleum Corp completed the acquisition of Forum Energy plc. In February 2009, the Company acquired 50% interest in Anglo American Exploration (Phils), Inc.Officers and directors include: MVP (Chariman), Walter William Brown (CEO), Roberto V. Ongpin (Vice Chairman), Albert Awad (Vice Chairman Emeritus)