Philippine market top 3 JP Morgan picks for 2013
By Doris C. Dumlao
Manila (Philippine Daily Inquirer/ANN) - Global investment bank JP Morgan has picked the Philippines as one of its three most-favoured stock markets for 2013, marking the fourth straight year that the local bourse is expected to outperform most of its regional peers.
"We are still very bullish for 2013," JP Morgan Securities Philippines Inc. executive director and head of equity research Gilbert Lopez said in a press briefing yesterday. The two other Asian markets seen by JP Morgan as top market picks for next year are Thailand and India, citing favourable demographics as a common denominator with the Philippines.
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