The recent GDP growth of 7% show positive projection and confidence on Philippine Economy. Making it the 2nd fastest growing economy in Asia. Driven by increase in service and consumer spending section, the Philippine economy shines brighter than ever. The present Philippine Government reflects on continuing the good macro-economic fundamentals from the previous regime hence giving more foreign and local investor confidence even in the midst of the president’s personal vendetta against so called “Philippine Business Oligarchs”
I would still recommend FGEN since company 2Q16 rose by 15.9% regardless of the delay of the operation of Avion and San Gabriel power plant. These two controversial power plants are expected to be operational within the year as mentioned in the Department of Energy’s recent senate hearing. I believe the government will put some pressure to fast track their operation due the lurking threat of power shortage. These power plants will add to the FGEN’s net earning once operational, making the stock very attractive for me.
God Bless and happy investing!