Stock market seen testing 8,100 points

MANILA – The stock market is expected to test last year’s high of 8,100 points with sentiment boosted by robust economic growth and strong corporate earnings, EastWest Bank First Vice President and Trust Officer Angel Pacis says. – ANC, Market Edge with Cathy Yang, July 12, 2016

source: www.abs-cbnnews.com

Stock picks: Ayala Land, EastWest Bank

MANILA – COL Financial vice president for research April Lee Tan on Monday recommended buying Ayala Land Inc. and EastWest Banking Corp. shares.

Ayala Land, Tan said, would likely benefit from demand for residential space and hotel rooms as President Rodrigo Duterte moves to spread development outside the capital.

EastWest Bank shares are “very cheap” and the lender’s strategy to focus on the retail segment, where margins are higher compared to corporate banking, could pay off, Tan told ANC’s “Market Edge with Cathy Yang.”

source: www.abs-cbnnews.com

US Fed keeps rates steady in October

The US Federal Reserve once again stood pat on raising interest rates on Wednesday, but signals the much-anticipated lift-off may happen in December.

Angel Pacis, first vice president and trust officer at East West Bank, talked with ANC to make more sense of the Fed's decision. -- ANC Market Edge, October 29, 2015

source: www.abs-cbnnews.com