FW: [Maybank] PHP – Down But NoT Out

 

 

PHP – Down But NoT Out FX Flash by Saktiandi Supaat FX Research The PHP is a laggard among its Asian peers and has been on the broad downtrend since the beginning of 2018 on concerns over the deteriorating current account deficit. In addition, concerns that the BSP could be behind-the-curve in curbing inflationary pressures also weighed on the PHP. Things though are still looking up for the PHP ahead, particularly with positive sentiments from the government's tax reforms as well as cheap valuations for Philippine equities ... Saktiandi Supaat     (65) 6320 1379     saktiandi@maybank.com.sg Leslie Tang     (65) 6320 1378     leslietang@maybank.com.sg Disclaimer This message is intended only for the use of the person to whom it is expressly addressed and may contain information that is confidential and legally privileged. If you are not the intended recipient, you are hereby notified that any use, reliance on, reference to, review, disclosure or copying of the message and the information it contains for any purpose is prohibited. If you have received this message in error, please notify the sender by return e-mail immediately and delete all its contents. If you wish to read Disclaimer in details, please click HERE. To unsubscribe or change preference settings, please click here to contact your representative.