BPI forecasts PSEi to hit 7,300 by year-end

BPI Securities Corp. forecasts the Philippine Stock Exchange Index (PSEi) to reach 7,300 by year-end, citing positive corporate earnings and declining inflation.

This projection represents a 14.4 percent increase from Wednesday's closing value of 6,381.32.

BPI Securities noted that global economic uncertainties due to the US tariff measures have led them to revise their initial target from 7,600.

Despite these challenges, BPI Securities highlighted the Philippines' resilience as a domestically-driven economy compared to regional peers.

The revised PSEi target is based on an expected forward price-to-earnings ratio of 11.6x and anticipated corporate earnings growth of 7.9 percent.

BPI Securities recommends Ayala Corp., SM Investments Corp., Manila Water Co., Puregold Price Club, and RL Commercial REIT as top picks for investment opportunities.