annoying numbers when liquidity is low

I don't like looking at the market's numbers. I saw GEO at 1.14, Meg at 2.18, BPI at 51, BDO at 47 and MER at 80. I don't like them not because they are low but because they are low and I'm not as liquid as I want to be.

I'm still willing to bet on the Philippine economy and I think we're beginning to see some really excellent entry points for very good stocks.

Comments

Post a Comment

Popular posts from this blog

What's the big deal with call centers in the Philippines

As I imagine the point of view of a fresh College graduate in the Philippines, call centers do not exactly seem like a prestigious choice for work.  It's really about the salary.  Work is hard, hours are tough and it's hard to call it fulfilling.  But there are hordes of Filipinos signing up and taking home a lot more money than they could before.  Notably, Filipinos turn out to be really good at customer service thanks to our general politeness and fluency in the kind of English Americans use - something that matters since most clients are American.  It turns out there's a practical side to our obsession with American movies, television and music.  We can answer their phones.  While that's not glamorous, it's a humongous part of the Philippines' recent economic renaissance. I'm all for a common sense approach so this may seem like a simplistic analysis. With more than just a mob of young Filipinos getting what is arguably excellent pay for local sta...
Read more

interesting trivia... quoted from stockerblog.blogspot.com

According to stockerblog : "Some interesting trivia about the Philippines: 1. It is the 12th largest country in the world by population. 2. It is ranked 25th by Gross Domestic Product by purchasing power parity 3. It was a founding member of the United Nations. 4. In 2005, the Philippine peso was considered to be Asia's best-performing currency, according the the CIA World Factbook. 5. Their economy grew at a rate of 5.4% in 2006. 6. Its two biggest trading partners are the U.S. and Japan. 7. It is a member of the World Bank, Asian Development Bank, the the International Monetary Fund, the Asia Pacific Economic Cooperation, and the World Trade Organization. 8. More than 180 languages and dialects are spoken in the country." This makes the Philippines sound so nice! Why, then, is our government such a mess?
Read more

-37.93 for the PSEi isn't bad

I was surprised to see that the PSEi fell only 37.93 points today. Wall street plus major asian markets were reacting by making record drops in response to the the failure of the U.S. Congress to pass the law enabling the bailout. I'm of the opinion that Philippine companies are sufficiently decoupled from America from a fundamental standpoint. Yet, our market reacts to the U.S. market and often tracks its movement absent any major local event. Could this mean that buying behavior in the Philippine market is now less influenced by the U.S. market? I'm more willing to speculate that local stocks are just way oversold and really "cheap" compared to their true value. If I had the money to spare, I'd be buying Philippine stocks left and right.
Read more