Push Admin

PH companies seen rebounding in 2021 as firms revisit pre-COVID 'capex cycles'

Article (news)

ABS-CBN News

<figure class="op-interactive"><iframe height="315" src="https://www.youtube.com/embed/XxMvL17lVcE?enablejsapi=1" width="560"></iframe></figure><div class="iwantbar">Watch more in <a href="//www.iwantv.com.ph/">iWantv</a> or <a href="//tfc.tv/">TFC.tv</a></div><p>MANILA - Corporate earnings and spending are seen to rebound this year near pre-coronavirus levels as local firms go back to their &quot;capital expenditure cycles&quot; and planned expansions delayed by the pandemic.</p><p>Total bounce back of Philippine companies is expected to be around the first quarter of 2022, according to Phillip Hagedorn, chief investment officer, ATR Asset Management in an interview on ANC&#x27;s Market Edge on Monday.</p><p>He said the positive push from Philippine companies will drive the Philippine Stock Exchange index (PSEi) to reach as high as 8,300 points and help grow the economy by 9 percent for 2021.</p><ul class="op-related-articles">	<li><a href="https://news.abs-cbn.com/business/11/18/20/telcos-seen-to-hike-capex-by-20-25-pct-next-year-as-healthier-competition-expected-fitch">Telcos seen to hike capex by 20-25 pct next year as &#x27;healthier competition&#x27; expected: Fitch</a></li>	<li><a href="https://news.abs-cbn.com/business/01/04/21/philippine-stock-exchange-targets-more-ipos-reits-this-year-on-recovery-hope">Philippine Stock Exchange targets more IPOs, REITs this year on recovery hope</a></li>	<li><a href="https://news.abs-cbn.com/business/12/29/20/dissecting-data-looking-back-at-the-philippine-economy-in-2020">Dissecting Data: Looking back at the Philippine economy in 2020</a></li></ul>

<p>Corporate earnings and spending are seen to rebound this year near pre-coronavirus levels as local firms go back to their "capital expenditure cycles" and planned expansions delayed by the pandemic.</p>

Corporate earnings and spending are seen to rebound this year near pre-coronavirus levels as local firms go back to their "capital expenditure cycles" and planned expansions delayed by the pandemic.