August 24, 2025 | 12:00am
MANILA, Philippines — Unicapital Securities Inc. has lowered its Philippine Inventory Trade index (PSEi) goal for the yr to 7,100 from 7,800, citing a unstable first half marked by macroeconomic weak spot, geopolitical dangers and cautious investor sentiment.
The revised index goal nonetheless implies a nine-percent acquire from the 6,528 degree on the finish of 2024.
Unicapital mentioned that after falling by three p.c within the first half, the PSEi was in a position to get well to round 6,350 in July, boosted by calmer inflation and growth-supportive insurance policies.
“The PSEi’s rebound to six,350 is greater than only a market correction. It displays an eight-percent earnings development outlook and sector resilience in areas like shopper, REITs and utilities,” Unicapital president Marlyne Fernandez mentioned.
Unicapital’s barely decrease earnings development forecast accounts for the potential impression of tariffs on company earnings, notably these affecting export-oriented sectors.
The inventory brokerage home expects additional coverage fee cuts by the Bangko Sentral ng Pilipinas this yr to assist company earnings by decreasing the price of capital and stimulating family consumption.
Nevertheless, it mentioned draw back dangers embrace extended elevated rates of interest and the escalation of geopolitical tensions that might disrupt commerce provide chains.
For the second half, Unicapital mentioned the Philippines is able to seize alternatives and deal with world challenges head-on.
It mentioned that if present momentum holds, the problem and alternative lie in translating stability into sustained development that buyers, companies and on a regular basis Filipinos can really feel.
“Our function is to translate these numbers into actionable methods for buyers, to allow them to place forward of the curve and profit from the industries shaping the Philippines’ development story. We imagine the Philippines is not only turning the nook however is positioning to steer SEA’s development race in 2025,” Fernandez mentioned.
