UBS Remains Upbeat on PH Property Sector
UBS is upbeat on the Philippine property sector, saying it will likely post slower but “more resilient” compounded annual growth rate (CAGR) in earnings of 15% from 2013 through 2016.
Inquirer quoted UBS analyst Caroline Kabigting as saying that after performing below market expectations for most of 2013, the property sector was now trading at “more attractive” valuations as macroeconomic concerns, potential housing/office oversupply and slowing earnings momentum continued to weigh on sentiment.