EPHE News and Press, iShares MSCI Philippines From 02/01/23

Summary The energy sector has been red-hot for much of the past year, but there are still pockets in this corner that remain battered, at least in relative terms. There are no guarantees that the so-called value premium, no matter the definition, will generate superior performance anyti...

Summary EPHE invests in the Philippines equity market. The equity market offers a decent forward IRR, but I would argue this higher IRR is justified. The underlying portfolio is not especially productive from a return on equity standpoint, and therefore, I would generally take a neu...

Summary The Philippines economy has rebounded strongly during 2022 from the negative impact of the COVID-19 Delta wave that hit the nation in the second half of 2021. The latest S&P Global Philippines Manufacturing PMI reached a six-month high in December 2022, signaling sustained g...

Summary The upsides to falling demand and spare capacity were fewer supply constraints and a further marked moderation of price pressures. While Japan's factory output downturn likewise moderated slightly, it remained among the sharpest witnessed over the past decade. Future output ...

Summary ASEAN manufacturers continued to experience a slowdown at the end of 2022, with December's PMI data indicating the softest output expansion in 15 months. One unsurprising development with the slowing of demand for manufactured goods had been the abating of price pressures, which...

Summary Against the challenging environment and increasingly dimming economy globally in 2022, Southeast Asian countries represent a rare part of the world that have delivered impressive resilience. The heavier exposure to value-driven sectors also leads the FTSE ASEAN Index to deliver ...

Summary Carbon dioxide (CO2) emissions from the Association of Southeast Asian Nations (ASEAN) power sector will peak in 2029 in the current forecast. In September 2021, the Indian central regulator published the draft deviation settlement mechanism (DSM) regulations, which propos...

Summary Both the Empire Manufacturing Survey and Philly Fed business outlook are expected to remain in contraction territory. Earnings season heats up as we hear from Bank of America, Goldman Sachs, Netflix, and Tesla. Japan may need to intervene in the FX market again as the ...

Summary Key drivers for rising FDI inflows into Southeast Asia include diversification of manufacturing supply chains by multinationals, as well as new investments to tap rapidly growing consumer markets in ASEAN. In the near-term, FDI inflows to the ASEAN region are also expected...

Summary Europe's quest for LNG to replace Russian pipeline gas will continue to prop international LNG prices until significant tranches of new supply can be brought onstream by 2025-26. To replace sharply declining Russian piped gas supply, European gas buyers are turning to LNG ...