{"id":67291,"date":"2015-12-14T01:48:47","date_gmt":"2015-12-14T06:48:47","guid":{"rendered":"https:\/\/canadianinquirer.net\/v1\/?p=67291"},"modified":"2015-12-14T01:48:47","modified_gmt":"2015-12-14T06:48:47","slug":"pse-eyes-8-to-10-ipos-in-2016-sees-php200-b-capital-raising-a-good-target","status":"publish","type":"post","link":"https:\/\/canadianinquirer.net\/v1\/2015\/12\/14\/pse-eyes-8-to-10-ipos-in-2016-sees-php200-b-capital-raising-a-good-target\/","title":{"rendered":"PSE eyes 8 to 10 IPOs in 2016; sees PhP200-B capital-raising a good target"},"content":{"rendered":"
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MANILA \u2013 Eight to 10 companies are expected to debut in the local equities stock market in 2016, as they ramp up expansion plans in a bet on the country\u2019s economic growth despite global headwinds.<\/p>\n

\u201cTwo (listings) have been moved next year so I think right now, we’re probably in the same target at eight to 10 (companies),\u201d Philippine Stock Exchange (PSE) President Hans Sicat told reporters.<\/p>\n

Sicat said more companies engaged in real estate and consumer\/retail sectors are expected to launch their initial public offering (IPO) on the local bourse next year.<\/p>\n

\u201cElections are good for consumer spending so that sector always benefit. Media (industry) benefits quite well from elections. And I think even the current increase of government spending in infrastructure-related projects and all other infrastructure-related projects of the private sector are going to do well. These means that you have a lot of positive multiplier effects for the economy,\u201d he noted.<\/p>\n

Sicat expects more listings in the first quarter, a month prior to presidential elections in May, including those of Datem Inc. and DM Wenceslao and Associates Inc. which have reset their IPOs for 2016.<\/p>\n

\u201cYou might have a slight slowdown in the second quarter (because) people are waiting for election results. And then another round of activity in the third quarter,\u201d he said.<\/p>\n

The head of the exchange said the IPOs will be driven by companies\u2019 plans to increase their footprints across the country.<\/p>\n

\u201cEven though there might be external volatility because of interest rate increases started by the United States Fed, we’re hoping that the level of local activity will more than compensate a lot of market volatility that could happen,\u201d he added.<\/p>\n

Apart from IPOs, Sicat said private placements, follow-on offerings and backdoor listings can boost next year\u2019s capital fund-raising initiative of the PSE.<\/p>\n

\u201cI think, it (PhP200 billion) would be a good target but we have not officially set that target yet,\u201d he stressed.<\/p>\n

In 2015, Sicat expects raising PhP185 billion in capital, lower than PhP200-billion target, amid delayed IPOs.<\/p>\n

\u201cIt’s been a weird 2015 this last quarter, even the third quarter\u2026 China did their surprise devaluation, and then there were fears of another rate increase in end-August, beginning September,” he said.<\/p>\n

“Everybody just flew out of the emerging markets. Net foreign selling increased more than expected. Locals are probably a little bit more cautious about getting into new transactions,\u201d he added.<\/p>\n","protected":false},"excerpt":{"rendered":"

MANILA \u2013 Eight to 10 companies are expected to debut in the local equities stock market in 2016, as they …<\/p>\n","protected":false},"author":33,"featured_media":22129,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16,95],"tags":[9640],"class_list":["post-67291","post","type-post","status-publish","format-standard","has-post-thumbnail","category-news","category-news-ph","tag-pna","mauthors-leslie-venson","mauthors-philippines-news-agency"],"_links":{"self":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/67291","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/users\/33"}],"replies":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/comments?post=67291"}],"version-history":[{"count":0,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/67291\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media\/22129"}],"wp:attachment":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media?parent=67291"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/categories?post=67291"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/tags?post=67291"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}