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Now is the best time to buy stocks—BDO unit

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Dropping share prices might keep a lot of investors in the sidelines these days, but for stock market beginners, now is actually a good time to seriously consider buying stocks, according to BDO Securities Corp. READ:

Data showed that from a high of 9,078.37 in January 2018, the 30-stock Philippine Stock Exchange index has plunged 32 percent as of October 2022 market close. The index was not able to get away with the global markets sell-off due to looming concerns of high inflation, the hawkish stance of global central banks and a strong US dollar against other major currencies.

“If you start accumulating blue chip shares now when its current value is lower than its medium-term historical average, just imagine the potential earnings upside should the index return to the 9,000 level as a result of our country’s unique business prospects,” said BDO Securities chief operating officer Bernhard Tsai.

“The PSEi may finally carry out a more significant rally once a successful re-test of the 5,700 support area is done. Once confirmed, take advantage of this unique opportunity to buy good valued stocks at levels lower than its medium-term historical average. Because in the long run, good companies like these blue chip stocks are expected to rise,” he said.

BDO Securities is a full-service, multi-product brokerage firm, and a wholly-owned subsidiary of BDO Unibank’s investment banking arm BDO Capital & Investment Corp.

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BDO Securities: This is the time for beginners to buy stocksWhile many investors are afraid to invest in the stock market because of the current bearish conditions, BDO Securities Corporation said it is actually a good time for beginners to seriously consider buying stocks.
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