Philippine Property Stocks Rally Will Keep Going: $20 Billion Manager
- Real-estate shares’ premium to wider market at four-year high
- Sector will benefit from expanding economy, BDO Unibank says
Residential and commercial buildings stand in the Makati district of Manila, the Philippines, on Thursday, Feb. 2, 2017. The Philippines is scheduled to release consumer price index (CPI) figures on Feb. 7.
Photographer: Taylor Weidman/BloombergThis article is for subscribers only.
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Philippine real-estate stocks will extend a market-beating rally, the country’s biggest money manager is betting, unfazed by the most expensive valuation in four years.