Advertisement

Telecom, retail firms resilient under ECQ

Telecommunications companies and retail-related firms are expected to be resilient amid current economic conditions as these provide essential services to people in the middle of the enhanced community quarantine, according to stockbrokerage firm BPI Securities.

BPI Securities said while a lot of companies whose earnings and businesses were affected by the ECQ, telecommunication companies and supermarket chains, however, were expected to perform better during the period.

“Within the Philippine context, you would want to buy companies that sell staple items that benefit slightly from this work-from-home arrangement. So the companies that we think fit the bill include some of the supermarket chains. I think telcos, given that they have the broadband business, would be good stocks to own as well,” BPI Securities president Haj Narvaez said.

Topics: Telecom , retail firms , enhanced community quarantine , ECQ , BPI Securities
COMMENT DISCLAIMER: Reader comments posted on this Web site are not in any way endorsed by Manila Standard. Comments are views by manilastandard.net readers who exercise their right to free expression and they do not necessarily represent or reflect the position or viewpoint of manilastandard.net. While reserving this publication’s right to delete comments that are deemed offensive, indecent or inconsistent with Manila Standard editorial standards, Manila Standard may not be held liable for any false information posted by readers in this comments section.
AdvertisementKPPI
Advertisement