18.01.2010 - Philippine property firms seen outperforming Index
From Mb.com.ph: Philippine property companies will outperform the benchmark stock index Philippine Stock Exchange index (PSEi) for a second year on expectations valuations will rise 28 percent as they set up real estate investment trusts, Credit Suisse AG said. A measure of seven Philippine real estate stocks that’s valued at 17.6 times earnings will rise to 22.5 times in 12 months following a law in December giving tax breaks to property trusts, according to Gilbert Lopez, Manila-based strategist at Credit Suisse........................................Full Article: Source
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