Analyst: Look for cheap and good stock buys

The current 7,500-point level of the Philippine Stock Exchange Index makes the Philippines an expensive market, but April Lee-Tan of COL Financial said, the key here is to look for cheap and good buys.

"If you look at almost all the blue chips, almost everything is expensive except maybe for those that have some problems or are not as attractive fundamentally," she noted.

"So we're thinking that maybe there will be some rotation to cheaper stocks like FGEN.. There might be some rotation to smaller cap stocks which were in some ways ignored since 2013, like VLL and Eastwest," she added.

--report by Michelle Ong, ABS-CBN News

source: www.abs-cbnnews.com