In an interview with ANC's Business Nightly, ING Investment's PJ Garcia said they like stocks in the mining, energy, and real estate sectors.
For the mining stocks, he said firms with gold and copper are likely to see bullish growth ahead especially when the global economy performs better. He cited as an example Philex Mining, which Metro Pacific Investments Corp, a local unit of Hong Kong-based First Pacific Company Ltd. is raising funds for.
For the energy stocks, he emphasized the long-term growth opportunities for power generation companies amid a potential power supply deficit in the coming years.
And for the real estate stocks, he said the ongoing slowdown in sales is considered a "healthy pause" after the run in pre-Asian crisis real estate prices. He said large property developers have better opportunity to take advantage of the economy's upturn. He said market segments under the sector that will see more growth are the middle market (as Filipinos working overseas buy more) and the low-end (the under-served).
"We are cautiously optimistic [about this sector]. We are slowly accumulating on weakness, especially with the low lending interest rate as catalyst for home buyers," he concluded.
May mga kumpanya nang nag-rollback ng presyo ng petrolyo. Alinsunod ito sa utos ng Malakanyang na ibalik sa October 15 level ang presyuhan. Pero, may hinaing ang ibang kumpanya! Magba-Bandila si Alvin Elchico. Bandila, Lunes, Oktubre 26, 2009
TEHRAN - Iran said on Monday it may deliver abroad "part" of its existing stock of low-enriched uranium to be further processed, in accordance with a deal being brokered by the UN atomic watchdog.