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CONGLOMERATES as well as banks and property firms will likely continue driving market growth, with fiscal year 2024 earnings projected to rise by 9.1 percent, Maybank Investment Banking Group said on Wednesday.
THE Sy family s SM Prime Holdings Inc. (SM Prime) and Ayala-led real estate investment trust company AREIT Inc. will likely lead growth in the property and REIT sectors in the year ahead, Maybank Investment Banking Group said.
WITH the Philippine central bank unlikely to cut policy rates until the second half of 2024, banks are anticipated to experience extended periods of higher yields, the Maybank Investment Banking Group said.