Virus Threatens Property’s Dominance of Philippine Stock Market
(Bloomberg) — Having suffered the worst first-half performance in any year since 2008, a gauge of Philippines property stocks is faring worse than the nations benchmark index in 2020 after six years of outperformance.
The losses have also erased the valuation premium real estate shares typically command over the broader market — an occurrence thats seen them stage a sharp rebound on more than one occasion in the past. But keeping history aside, things dont look too promising for the sector th…
