We have repeatedly said that Philippine stocks are attractive because local companies are fundamentally strong and are trading at very cheap valuations. Right now, the PSEi index is trading at 10.6X P/E, which is more than two standard deviations below its 10-year average of 16.3X. However, stocks remain weak due to the abundance of uncertainties that remain to this day. Here are some: Rising PH inflation—only temporary? As feared, inflation stopped trending lower in August, increasing to 5.

https://business.inquirer.net/422781/uncertainties-preventing-stocks-from-going-up

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