Sun Life's Market Outlook on Philippine Economy 2020 + Money Talks and Investment

Sun Life's Market Outlook on Philippine Economy 2020 + Money Talks and Investment
Mr. Gerald Bautista
Head of Agency, Bank Altenative Channel Distribution Sun Life Aset Management Company, Inc. talks about Leveraging on the Digital.
As shown in the picture above, Mr. Bautista brings good news on investing the money as low as P100.
Looking for a partner in a financial institution is one of the key challenges when you're about to learn and start to earn money.

This is true as a matter of fact, they're the one trying to reach us (to your) directly or thru endorsement from a friend or even officemates. But, at the end of the day, we declined these offers. 

We wanted to see where our hard money goes like buying new gadgets, shopping, going out with barkadas and have fun.  We do not see the big picture and we are not focused on the long term process of what will happen to your money if we put it in the right hand.

Yours truly was able to attend a sponsored talk of Sun Life Asset Management entitled, "Market Outlook  & Bright Offerings"  for better, faster Philippine economy in 2020. 

Ms. Valerie N. Pama
President Sun Life Asset Management Company, Inc.
Ms. Valerie Pama, President of Sun Life Asset Management Company, Inc. gave us welcome remarks.  She delivers some important facts in milestones about the number of investor, the amount of money invested, Prosperity Funds, number of licensed fund advisers, brokers and partner across the country.  

Plus the fact of which numerous awards received by SLAMCI in 2018. 
Ms. Valerie N. Pama

Mr. Gerald Bautista
Head of Agency, Bank Altenative Channel Distribution Sun Life Aset Management Company, Inc.
Leveraging on the Digital of how people in the society today including the millennials and generation -z age group are very active when it comes to becoming online.

He emphasized and talk about money savings and what the young generations are saving up for.  And it falls into three categories such as Travel, business, and Education.

This is one of the reasons Sun Life introduced the investment plan as low as P100 so that we can also allot money to save for our future.  Why not? This is a good idea because the amount is very affordable to start investing.

One of the higlights of the seminar is the Market update and projection between 2019 and 2020.

Mr. Michael EnriquezSun Life Chief Investments Officer
Sun Life Asset Management Company, inc. believes the Philippine economy is poised to get better and grow faster in 2020.

"After reviewing the fundamentals, we are confident that the economy is set to significantly improve in the coming year," Sun Life Chief Investments Officer Michael Enriquez said. "While we can still expect 'challenges along the way,. these should be tolerable and may be balanced by the positive developments,"
Among the factors that are expected to boost the Philippine economy next year are tower prices and accelerated government spending. "While inflation fell to a low of 0.8% in October 2019, we expect prices to slowly inch up as we foresee the year 2020 inflation at 2.4%. This figure is much lower than 2018 inflation of 5.21%," Enriquez said.

Sun Life also expects the government to go full force on capital outlays, with the administration having only two years left in its mandate.

Meanwhile, higher gross domestic product (GDP) may also be expected. According to Enriquez, Sun Life looks forward to a 2019 GDP of 5.8% and foresees the 2020 GDP getting stronger at 7%. This is due to a combination of base-effects, the recovery of consumer spending, and a stronger government spending "following the lessons it has learned from the budget delay of 2019."
For currency, Enriquez said that a range of PHP 50.70 to PHP 52.50 to a dollar is possible. "Our year-2019 USD-PHP forecast is at 51.00, and 2020 slightly higher at 52.50," he explained. 

On the equities front, while 2019 remains to be a fairly volatile year, Sun Life expects the Philippine Stock Exchange index to end at 8,600 on a best-case scenario. "Our PSEi target for 2020 is at 9,460 with a price-earnings multiple of 18.2 times, white we foresee the earnings to have a growth rate of 10.40%," Enriquez said. 

As for external factors that need to be considered, Enriquez said that the United States may experience a mild but temporary recession in the coming months. With the Federal Reserve on a passive QE (quantitative easing) made, he says the US Dollar I 0-year bonds may re-test the recent low of I .5%-1.7%. 

"Given these possibilities, we highly encourage investors to stay the course," Enriquez said. "it is only with a term vision and a solid commitment to their investing journey that they can benefit from a better and faster Philippine economy in 2020." 
Round table discussion


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