Following a tough investing environment in 2022, our experts agree that this year is

the time to put your money to work. For active investors and traders, here's what
you need to know to help you participate in the Philippine stock market:

Focus on large-caps Ride the trend while it

with attractive valuations shows signs of strength
Market Outlook by April Lynn Tan, CFA Technical Outlook by Juanis Barredo

While there are strong reasons for PH The PSEi has seen a viable bottom, and
stocks to continue going up, risks is now moving on its first major rally off
remain at play and the market may stay that base. xxxxxxxxxxxxxxxxxxxxxxxxxxxx
volatile.

• With foreign funds under-positioned • We recommend that traders ride the

in the PH, the local market may trend while it's showing signs of
benefit from fund flows into strength, and accumulate into
Emerging Markets pullbacks

• Accumulate stocks trading at • Focus on leading stocks with

significant discounts to fair value (at upside momentum, or on stocks
least 15%), especially large caps that have a high chance of seeing
heavy net foreign flow such as big
• Consider defensive stocks that pay caps
good dividends so you're earning
yields while you wait for • When the market shows clearer signs
opportunities of turning lower once again, be
mentally prepared to scale down
• Position into stocks with longer your positions
holding power such as Emerging
Markets reopening theme, and • Resistance for the PSEi stands first at
higher interest rate environment 7,100 to 7,200 then 7,400 to 7,500;
theme (see stock picks section meanwhile, support sits first at 6,850
below) to 6,650 then 6,400 to 6,200

To view the full market outlook, go to: To view the full technical outlook, go to:
YouTube | Presentation Slides YouTube | Presentation Slides

April Tan’s
Stock Picks

To watch this segment,

click here.

Looking at the stock picks by themes:

• For China/regional/local reopening: DNL, URC, JFC, and

GTCAP

• Higher interest rates, and for rates to stay higher longer:

MBT & BDO

• Large cap / fund flow beneficiaries: AC & SM

• Defensive picks: AP, CREIT, TEL

Q&A Here are some of the questions answered by our experts:

To watch this segment, • What can ignite a strong bull scenario for the PSEi?
click here.
• What's the greatest risk for the market in 2023?

• What are your thoughts on REITs?

• What do you think will signal a reversal for the rally of

equity markets?

• How durable is the formation of a "Golden Cross" in

signaling the reversal of a trend?

COL Clients’
Requested Stocks

To watch this segment,

click here.

DISCLAIMER
SECURITIES RECOMMENDED, OFFERED OR DISTRIBUTED BY COL FINANCIAL GROUP, INC. ARE SUBJECT TO INVESTMENT RISKS, INCLUDING THE
POSSIBLE LOSS OF THE PRINCIPAL AMOUNT INVESTED. PAST BUSINESS PERFORMANCE IS NOT INDICATIVE OF AND DOES NOT REPRESENT FUTURE
RETURNS.

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