“We maintain our constructive stance on Philippine long-term foreign currency bonds and dollar-peso forecast of 50 by year-end.”
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“Investors over the next two quarters are likely to then turn their attention to the process and timing of Charter change to create a parliamentary form of government.”
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“We believe allocated subsidies for the power generation sector may be fully utilized by the end of the second half.”
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“On a net basis, it is still quite positive.”
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“We foresee limited political risks over the next six to nine months and remain bullish on the Philippines.”
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“The risk is that the baht depreciates because capital flows to Thailand may slow, particularly to the stock market. Were having a problem related to how elections are going to pan out.”
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