philam life

Are we at the tail end?

If one were to consult sellers, the probability of the benchmark PCOMP Index reaching “bottom” is low. So, the question remains, why are Foreign-domiciled funds still selling? The simple answer is: sellers are taking profit.

Sellers are taking profit because they know that Philippine stocks cannot outperform other stock markets all the time. Thus, this opportunity to take profit now when Philippine stocks are doing well is irresistible. To recall, Philippine stocks “disconnected” from the rest of the world soon after the elections. The local stock market rallied for several weeks after elections while investor sentiment deteriorated globally. As they have in the past, traders will take profit even if they are convinced that the local stock market can outperform most other markets for most of the time.

Traders will stop selling when there is little or no profit left to take, or when the local market is due for a “bounce”. If it is a question of whether the Philippines is “expensive” or “the most expensive” stock market, then no trader nor stock fund would be interested in Philippine stocks at all. “Expensive” is old news.

The expensiveness or intrinsic value of a stock market is driven by the cash flow, growth and risk character of its listed-companies – not by the trading pattern or signal generated by technical analysis in charts. The intrinsic value of the Philippine stock market is higher than most other markets because of the persistent reality of stronger cash flows, higher economic growth prospects and lower risk that characterize Philippine companies when compared to many companies in most other markets. The reality is persistent because of the character of the local economy, for example the country’s demographics is in a sweet spot with most of the population in working age.

“Price” is driven by the “weight” of the buy and sell flows of traders. Simply put, it is the balance of the demand and supply of shares that determine price. However, stock prices tend to “approach” their intrinsic value. The estimate of the intrinsic value of Philippine stocks by analysts now stands at 8,166, based on a survey from Bloomberg. Expectedly, as stock prices fall or become cheaper relative to their intrinsic value, demand for Philippine shares will increase.

Investors who have a long-term perspective of the markets and are aware that they cannot ‘catch the bottom’ will take on the view that the current administration’s economic agenda will speak louder than the president’s unpredictable words. Investors will look at the economic agenda to find the cheapest stocks.

Fortunately, the theme of ‘inclusive growth’ which aims to increase the purchasing power and improve the living standards of the majority of the Filipinos makes the most-attractive industries or sectors obvious, that is food and staples retailing, packaged foods and meats, restaurants, and multi-sector holding companies involved mostly in infrastructure.

In order to avoid the predicament of waiting in the wings and remaining un-invested, investors will have to start buying before the traders stop selling. It also keeps investors from getting left behind when the stock market does “bounce”.

The Real Life Passions of Generation-Y

Having the right balance between career and lifestyle can be challenging for many people, but for Philam Life Financial Advisors, it is possible to work at their own pace, and enjoy the perks of the career, which allows them to get as much out of the job as they put into it.

In a power-packed launch party event, dubbed as, “Ignite! The Real Party Never Stops,” Philam Life launched its new Next Generation campaign that celebrates the successes of young Financial Advisors, who take pride in having chosen a career that supports and complements their individual passions. They officially unveiled its Next Generation video, its maiden issue of Ignite! Magazine, and an exclusive first look at an up and coming new and exciting online community.

Philam Ignite Magazine

​Host Joyce Pring digitally flips through the pages of Ignite’s first issue

Ignite

​Ms. Anagel “Jay” Ledesma, Philam Life’s Chief Agency Officer poses with the first issue of Ignite


Here, Philam Life featured 13 young, passionate Next Generation Champions who have discovered how it is to take charge of a successful career while doing the things they love.  Among them was Aileen Palmes, who felt fulfilled in ruling her world. Her love for ballet taught her what it truly means to love what she does and she applies it now with her passion for her career.

Philam Life Ignite

​The Philam Life Gen Y Champions

Another featured Champion was Timothie Sy, who developed a winning mindset, attitude and discipline from his training as a Financial Advisor. He takes this with him wherever he may be in the world and in whatever situation he may find himself in. Aileen and Timothie, together with the rest of the Champions, walked down the catwalk as styled by celebrity stylist Carla Villanueva and presented by the very talented host Joyce Pring.

Philam Life Ignite

​Philam Life’s Gen Y Champions: Timothie Sy and Aileen Palms

Speaking at the party event was Philam Life CEO Axel Bromley who recognized the amazing power of the Next Generation and reaffirmed that being a Philam Life Financial Advisor fits the lifestyle of this young and driven generation. “I admire how millennials are finding their place in Philam Life as Financial Advisors. Philam Life provides them an opportunity to ‘work to live’ rather than ‘live to work,’ while enabling them to pursue their real life passions,” he enthused.

Bromley explained that being a Philam Life Financial Advisor means more than just a career. “It’s a way of life that allows members of the Next Generation to ignite their passion and achieve their dreams while changing lives and making real life plans happen.”

“Ignite!” was held at Valkyrie, one of the most popular clubs in the metro, where the crowd danced to the music of Club Master DJ Euric, and enjoyed unforgettable moments captured by hotshot photographer Inez Moro.

To discover exciting opportunities in Philam Life, please call (02) 526-9456 or visit www.RealLifePassion.com.ph.