Asian stocks reach two-month high on economic recovery hopes

Asian shares rose to a two-month high on Thursday as expectations of further government stimulus supported investor confidence in an economic recovery from the global coronavirus pandemic. read more

FINWAZE REMAINS CAUTIOUS

This week FINWAZE traders made huge amounts of profit and we are out of the market today as PSEI ran too fast and that concerns FINWAZE. Corporate tax cuts and foreign companies tax incentives and other perks could possibly push PSEI to 6800.

The Makati Business Club is backing the improved version of the Corporate Income Tax and Incentives Reform Act measure crafted by the Department of Finance which will slash corporate income tax from 30% to 25% this year.

The Makati Business Club is backing the improved version of the Corporate Income Tax and Incentives Reform Act measure crafted by the Department of Finance which will slash corporate income tax from 30% to 25% this year.

“We welcome cutting the corporate income tax to 25 percent this year and 20 percent as soon as possible, and delaying any changes to already-granted incentives,” the MBC said in a statement. READ MORE

PSEI RALLY ON OPTIMISM

KEY TAKEAWAYS

  • The market is still vulnerable, be cautious and don’t put all your eggs into one basket
  • Invest in companies that have good fundamental and potential future earnings
  • For the economy to recover will take at least 1-2 years before most companies could actual see good earnings
  • Philippines recent BSP relaxation on foreign investors could also boost the economy – but it will take time
  • We focus on back to Build, Build & Build – and watch companies like, CHP, C, HLCM, HOME, DD, ALI and etc

Be vigilant and know what & where are you investing – Stock Market is not a gambling den – “Without Proper Analysis and Research is gambling” – Finwaze

FINWAZE TEAM

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