A Byte of my 2.2-lb Brain

Just sharing stuff…

Leveling Up

In Mr. Hans Sicat’s presentation last March 15 at the Bloomberg LP, he mentioned that the PSE’s strategic agenda can be summed up in two words: LEVEL UP, i.e.,

  • List more companies and securities.
  • Expand and educate the investor base.
  • Value and enforce corporate governance standards.
  • Enhance shareholder value.
  • Launch new products and services.
  • Upgrade market infrastructure and human resources.
  • Partner with government and other stakeholders.

Besides, this year marks the final year of implementation of these agenda. He also highlighted some milestones that were achieved in 2011: Rule Amendments, Market Education Initiatives, Improved Governance, and of course, Increased Trading Activity. Awesome job, PSE!

E with Mr. Hans Sicat, President and CEO of the Philippine Stock Exchange, Inc. (PSE) at the PSE-Bloomberg hosted road show in SG.

I believe that it is also important to highlight that the average daily trading has increased by as much as 15.5% in 2011 (from 2010). Moreover, I read a news clip on the PSE (source: Technistock) that says “higher trading activity and record capital raising levels boosted the revenues of the Philippine Stock Exchange (PSE) in 2011 by nearly, 10 percent.” With these information, I am thinking that the PSE (stock) might be worth a look. šŸ™‚

Anyway, the PSEi closed at 5,102.24 today, down by around 0.48%. I have been expecting this and I believe that this is just a healthy consolidation, nothing to worry about. When I was at the PSE-Bloomberg road show, I was very much convinced that every one in the forum agrees on one thing: that the growth of the Philippine economy is sustainable. The panelists in the open forum were:

  • Lian Chia Liang, Head of Investment Management, Asia of Western Asset Management
  • David G. Fernandez, Managing Director of JPMorgan Chase & Co
  • Edward Lee Wee Kok, Regional Head of Research, SEA of Standard Chartered Bank
  • Tamara Henderson, PhD Economist in Bloomberg L.P.

Err.. Some details. My portfolio still has not changed, with ORE as its top gainer. I plan to diversify soon though because I’m fully invested in the Mining and Oil sector alone! I mean, with the PSE’s very bright future ahead, I suppose that it’s time for me to reconsider some blue chips. Now, in terms of fundamentals and the amount of money I’m playing with, I have my eyes set on MPI and DMC and PGOLD. A friend also pointed out that PCOR has been lagging behind. True. It does have a substantial potential at its current level.

Anyway, everything within my radar looks so darn attractive! šŸ™‚ I’m just painstakingly waiting for them to reach comfortable entry levels. I need to research some more though — fundamentals first before the technicals.

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This entry was posted on March 20, 2012 by in Investing, Stock Trading and tagged , , , , , , , .
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