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May 11, 2018 @ 14:39

Investment banker says now is a good time to buy stocks

 

Will you take his unsolicited advice?

Investment banker Augusto “Gus” Cosio refuses to believe that the PSEi is in a slump, saying this should instead be viewed as an opportunity for investors to invest in stocks.

“If we are to weigh economic fundamentals, I can’t believe that we are in a bear market. We’re merely consolidating earlier gains. This is a buy opportunity for the PSEi,” the head of First Metro Asset Management Inc. said.

“If we are to weigh economic fundamentals, I can’t believe that we are in a bear market. We’re merely consolidating earlier gains. This is a buy opportunity for the PSEi,” the head of the First Metro Asset Management, Inc. said.

The Philippine economy grew 6.8 percent in the first quarter, with signs that growth won’t be a letdown anytime soon.

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