Wohoo! Philippines now has an investment grade!
Prices of stocks included in the index would increase as these stocks will be bought by foreign fund managers.
Don’t get carried away. In my opinion, it would be wise to stay away from stocks that are trading at high PE multiples with minimal growth in earnings in the future.
How would you determine if the stock will have minimal growth in earnings in the future?
Stick to stocks that you understand or understand very well the stocks that you will be investing in.
Have a meaningful Holy week! 🙂