Philippines stocks are expensive
Early warnings from experts Last 26 July 2011, PDI published an article quoting market investment guru Mark Mobius . Mobius said that local stock valuations were now high compared with emerging market peers. That was in July last year. At the start of that month, the Philippine Stock Index (PSEi) was in the low 4,000s . The market didn't look back and zoomed up, convicingly past the 6000 mark in February of this year. I'd be very careful if I were going to buy Philippine stocks any time soon. Nomura, a top Japanese bank has a good explanation of why Philippine stocks are expensive. Click here to read about it.