BINAY
DEFENSOR-SANTIAGO
Election fever is expected to set in later this year, when presidential candidates start to rev up their campaigns.
President Aquino, whose term was marked by some economic success as seen in the rapid economic expansion over the past five years, investment-rating upgrades and increased business confidence, will step down in the middle of 2016.
Interviews with market analysts indicated that the run-up to the elections is generally a good time for corporations, especially those in the consumer and media segments, as politicians open their wallets during this primary exercise of democratic tradition.
Investors are also expected to watch the candidates closely for indications of which industries would benefit the most—or the least—given the biases each may have toward a specific business sector or issue, an analyst said.
BUSINESS
BUSINESS
BUSINESS
POE
Mike Oyson, CEO of BPI Securities, said that it was still “early days” but he did note that the election period and its results would determine whether the benchmark Philippine Stock Exchange index can achieve even loftier valuations.
“Investor perception is key in sustaining the performance of the stock market,” Oyson said in an email.
