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Take Profit In Thailand & The Philippines After 50% Run And High Valuations.
Why not hold off selling EPHE until the Philippines gets an investment grade rating? The consensus is for one of the ratings agencies (yeah, yeah I know their reputations are shot but they can still move markets in this case) to award the coveted investment grade rating some time in the 2nd half. However, the astute Phil. Central Bank governor, Mr. Tetangco (recognized as one of the best in the world in the past five years) appears confident that such will be given within the 1st half. If he's right, EPHE holders won't have to wait long.
Mar 2, 2013. 02:22 AM
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