Thursday, August 4, 2011

Lynn Tan

Lynn Tan: Lynn Tan is on Facebook: Citisec Online head of research April Lynn Tan said the challenges facing the global economy were starting to fade following the resolution of US and European debt problems. As such, she said “the market’s focus will go back to the Philippines where fundamentals are a lot stronger.”

At the same time, Tan said inflation was peaking, which means that the local central bank may be at the tail-end of its monetary tightening cycle. She added that global funds were flowing back to emerging markets from developed markets, while the global economy was expected to perform slightly better this second semester relative to the first half.

Bank of the Philippine Islands and Banco de Oro are among Tan’s top banking picks.

In infrastructure, Tan cited DMCI Holdings and SM Investments. Alliance Global Group and Cebu Air are CitisecOnline’s top picks for tourism while International Container Terminal Services was cited as the best buy among emerging market stocks given the location of its existing ports and strategy of acquiring ports in emerging markets.
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