Philippine Daily Inquirer
UBS Investment Research sees ample global liquidity keeping Philippine stocks buoyant despite valuations that have become “less compelling” following the year-to-date rally but also warns of possible constraints to corporate earnings growth.
Arguing that liquidity may be difficult to predict, UBS said it preferred stocks with more sustainable growth drivers. Its top five stock picks for 2010 are geothermal power crown jewel Energy Development Corp., infrastructure holding firm First Philippine Holdings Corp., property developer Robinsons Land Corp. as well as leading banks Banco de Oro Unibank and Metropolitan Bank and Trust Co. Read More...
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