PH Stocks are Down

about 1 month ago

Whenever the value of the US Dollar rises versus the Peso, the PH stocks tend to sink. Hot institutional money, the large cash that readily flows in an out of the system from one market moves to where more value can be generated. I'm buying the dip and coping.

I did expect the USD to go down but I underestimated how much the US election change the course of the markets in the short term, and possibly long term. My PH stock portfolio went from green to red but I'm on copium trying to scoop up some stocks "buy the dip" and cope further. But on the bright side, this meant the dollar value of my crypto holdings went greener so praise diversification?

Why is it bad if the Philippine Peso increases in value as compared to the US dollar?

As much as we want to have our own money appreciate in value, it's a tricky situation because that means our exported products become more expensive due to a stronger currency and countries that patronize our products would prefer buying the same products elsewhere. Why buy Bananas from PH when there's another county in the SEA that grows the same variety and sells it cheaper?

Overseas Filipino Workers would see their remittances have less purchasing power because their USD gets them less Peso in return.

The 3 top industries that support our economy include OFW remittances, BPO, and export of electronic products and raw minerals. Whenever Peso strengthens, all these sectors get affected.

The BPO industry here thrives because our labor is relatively cheaper compared but it's not unlikely to see other SEA countries to develop their BPO industries.

So it's in the best interest of PH to strike a balance between increasing the value of the Peso overtime without making it too valuable that it deters foreign trade.

Currently, the forecasts don't favor PH due to Trump's policies regarding foreign trade but who knows?

Despite the red candles, from the fundamental side of things, PH companies have reported large net positive gains for the 3rd and previous quarters which meant it's just the USD being stronger than the Peso that's at play rather than something inherently wrong within the industries present here. My opinion anyway.

Thanks for your time.

psei philippines stocks ph

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7 comments

@scion02b 56

about 1 month ago

A weak peso may encourage more investments (lower cost) that can help boost up further the BPO industry. OFW remittances would also have more value. This increases consumption which is favorable for a consumption-driven economy.

However, it can also increase costs as oil prices are in USD. Hence, inflation eventually follows.

Weak peso can have a net positive effect on the middle to upper class. Unfortunately, the poor severely gets impacted from it, and as we see, devaluation of peso is on its uptrend.

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@adamada 73

about 1 month ago

It's expected that inflation in PH would be on a downtrend because things will get expensive given that we import a lot of our goods. I doubt that this benefits the middle class even with the OFW remittances, the middle class would still be driving the consumption demand unlike the rich that consumes less. We need to factor in that a stronger USD meant more purchasing power for foreign ownership to muscle their way in purchasing local assets too.

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