As of April 14, Consensus Gives the PSEi a 12-Month Target of 7,947
We are able to calculate an estimate of the 12-month consensus fundamental target of the PSEi by plotting the individual fair value estimates (consensus fundamental target price) of each of the index names against their respective weights. Given the fair value estimates of the major brokerage houses from the April 14, 2023 closing of 6,481.91. As such, the index is trading with an upside of 22.61% to its consensus fair value target for the next 12 months. *Note: This target is not our target but the average target that is seen by major institutions. Now adjusting for the present 1-year government bond yield of 5.969%, one is better off taking profits at 7,500.01 and then shifting to a 1-year government bond.
Source: Bloomberg
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*Consensus target price or average target price given by the major foreign and local brokers of various stocks on top of index names are available in our Equity Advisor!
