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PHL projected to grow 6% this year - BusinessWorld Online

PHL projected to grow 6% this year - BusinessWorld Online
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PSEi to hit 7,500 level this year — First Metro Investment

PSEi to hit 7,500 level this year — First Metro Investment
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Slim chance of more IPOs for 2023

Investment bank First Metro Investment Corp. (FMIC) said the chances are slim that more companies will pursue their initial public offering (IPO) plan for the rest of the year. Daniel D. Camacho, FMIC’s executive vice president and group head for investment banking, said the company is “looking forward to the…

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Q2 GDP growth likely slowed to 5 6% - BusinessWorld Online

Q2 GDP growth likely slowed to 5 6% - BusinessWorld Online
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FMIC expects PSEi to hit 7,800-8,100 at end-2021

January 15, 2021 | 12:08 am Font Size AAA THE PHILIPPINE Stock Exchange index (PSEi) is projected to reach the range of 7,800 to 8,100 at the end of the year on the back of the impending distribution of vaccines against the coronavirus disease 2019 (COVID-19), according to First Metro Investment Corp. (FMIC). During a virtual media briefing on Thursday, FMIC Research Head and First Vice-President Cristina S. Ulang said the financial services firm expects the market’s price-to-earnings ratio to be around 18x to 19x for 2021. She said some of the factors that could boost the market include the rollout of COVID-19 vaccines, monetary policy support, and low interest rate.

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