By Kris M. Crismundo
MANILA, (PNA) – The BPI Securities Corporation held Saturday its first market outlook conference to further educate stock market investors on the investment opportunities in the country.
Dubbed as “Consumer is King: The BPI Securities 2014 Market Outlook Conference”, economists and stock market players shared their views on the status of the domestic and global economy and advised market investors and interested investors on what sectors they could put their investments.
BPI Securities Corporation CEO and Managing director Mike Oyosa said interested stock market investors shall take advantage of the strong economy as the Philippines is still in the middle of the ‘economic supercycle’.
”It is never too late to invest in the stock market as we are in the middle of economic superwave, the economic supercycle,” Oyosa said noting the strong Gross Domestic Product (GDP) in the past quarters.
He added that the strong economy that Philippines is experiencing is brought by strong Business Process Management (BPM) industry and overseas Filipino workers remittances.
He revealed that it is also the best time to invest in the stock market as he forecasted the Philippine Stock Exchange Index (PSEi) to hit 7000 high before 2013 ends.
”In terms of year-end patterns, stock market has always up October 1 up to the end of the year by an average of four percent. If you take out the global financial crisis, the dip then on average market would have been around eight percent,” Oyosa explained noting the possibilities of hitting 7000 high even with the volatile stock market.
Likewise, BPI Economist Emilio Neri Jr. mentioned that the global economy, as well as Philippines’, will experience reduced fiscal drag in 2014 as United States and European countries will get out of economic contraction with slight expansion of businesses and investments all over the world.
Meanwhile, Oyosa advises starting stock market investors to put up their money in conglomerates.
”For people who are just starting at the stock market, invest in conglomerates. They are like funds. You have got Henry Sy as your fund manager for SM, Jaime Augusto Zobel as your fund manager for Ayala corp. These conglomerates have wide range of businesses, and they are here to stay,” he noted.
He also suggested to put investments in consumer stocks however the costs are quite high.
On the other hand, for retirees who still want to invest in the market, Oyosa led them to go to players which give high dividend stocks.
Further, with the outcome of the first market outlook, the BPI Securities Corp. mulls to hold another conference to further educate Filipino about the stock market and encourage them to invest.