COL Financial keeps bullish 7,500 PSEi target despite US-Iran tensions
COL Financial maintains its 7,500 target for the Philippine Stock Exchange Index despite geopolitical tensions between the US and Iran. Analysts suggest that cooling crude oil prices provide a buffer for the Philippine economy, supporting a positive outlook for equity valuations.
Why it matters
The report highlights how emerging market investors are weighing geopolitical risks against domestic economic indicators like energy costs.
Manila Bulletin - COL Financial keeps bullish 7,500 PSEi target despite US-Iran tensions
COL Financial keeps bullish 7,500 PSEi target despite US-Iran tensions
COL Financial Group Inc., the country’s largest retail stock brokerage, is maintaining its year-end benchmark stock index target of 7,500, betting that cooling crude prices and potential capital market catalysts will outweigh risks stemming from escalated tensions between the United States (US) and Iran. The brokerage’s year-end target for the Philippine Stock Exchange Index (PSEi) implies an expectation that valuations will expand to 12 times earnings per share—matching 2024 levels—from the current price-to-earnings ratio of nine times.
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