Jul
23
Philippine Property Stocks Rally Will Keep Going: $20 Billion Manager
By-
Real-estate shares’ premium to wider market at four-year high
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Sector will benefit from expanding economy, BDO Unibank says
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Philippine real-estate stocks will extend a market-beating rally, the country’s biggest money manager is betting, unfazed by the most expensive valuation in four years.
The Philippine Stock Exchange Property Index has climbed 24 percent this year as investors became more sanguine about President Rodrigo Duterte’s pivot to China and his U.S. counterpart’s insular approach to trade, which could hurt outsourcing companies. The measure now commands the highest premium since 2013 over the stock benchmark, which is up 17 percent…
Philippine Property Stocks Rally Will Keep Going: $20 Billion Manager
