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Investment bank First Metro Investment Corp. (FMIC) said the chances are slim that more companies will pursue their initial public offering (IPO) plan for the rest of the year. Daniel D. Camacho, FMIC’s executive vice president and group head for investment banking, said the company is “looking forward to the…
January 15, 2021 | 12:08 am Font Size AAA THE PHILIPPINE Stock Exchange index (PSEi) is projected to reach the range of 7,800 to 8,100 at the end of the year on the back of the impending distribution of vaccines against the coronavirus disease 2019 (COVID-19), according to First Metro Investment Corp. (FMIC). During a virtual media briefing on Thursday, FMIC Research Head and First Vice-President Cristina S. Ulang said the financial services firm expects the market’s price-to-earnings ratio to be around 18x to 19x for 2021. She said some of the factors that could boost the market i...