The Year that was and the Year that will be

It's been a while since we've last updated this blog so yeah, here's some updates on what's going on. Haha!

2013 was a volatile year for Philippines and the EM in general. The PCOMP started out 2013 quite strongly in the 1st 5 months of the year only to wipe out all the gains accumulated in just roughly a month time from mid-May to end of July. 

2013 was a roller coaster ride w/c ended up relatively flat at 1.33% gain, on the other hand, for 2014 the PCOMP is coming back with a 6.87% YTD gain. Let's see what happens moving forward.

*Click Image to Enlarge*

PCOMP, Daily, 2013 to Present

Apparently the performance of our stock portfolio for 2013 to present is somewhat crappy, we've only made 0.83% for the whole 2013 and is currently at -1.89% for the year 2014. This vs the PCOMP's 1.33% (2013) and 6.87% (YTD 2014) and S&P 500's 31.30% (2013) and -0.69% (2014).

Themesong for the Philippine Stock Market - Apoy by Greyhoundz "Sunog Lang ng Sunog"

Was going through my daily playlist and this song from from Greyhoundz seemed to fit the current situation of the PCOMP. It's kind of timely actually, now that we're crossing the 2012 closing price.

The lyrics can be viewed in a bearish and bullish perspective, just like the market, the interpretation will be based on the judgement of the trader. :)

Apoy by Greyhoundz

Philippine Composite Index (PCOMP:IND) - Where Are We In Terms of Valuations?

PSEi seems to be struggling to breach 6800.

We think there is a good reason for that simply because we cannot hide the cold fact that at current prices, our market is in the higher end (expensive) of the "value" range as measured by Current and Forward PE, Price to Book, and Dividend Yield.

Picture paints a thousand words. See for yourself.

Price = White

Current PE = Red

Forward PE = Orange

Price To Book = Blue

Div Yield = Yellow