As of July 5, Consensus Gives the PSEi a 12-Month Target of 8,180
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 (like J.P. Morgan, UBS, CLSA, Philippine Equity Partners, Regis, Maybank ATR, Mandarin, Salisbury, BPI Sec, First Metro Sec, BDO Sec, SB Equity, Col Financial, Wealth Sec, Philstocks, Unicapital, AB Capital, Papa Securities), the index has been given a target of 8,180.04 (upgraded from 8,142.64) from the July 5, 2024 closing of 6,492.75. As such, the index is trading with an upside of 25.99% 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.
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!
