More Japanese investors are interested in the local stock market based on turnout for the three-day roadshow conducted by the Philippine Stock Exchange (PSE) in Tokyo, Japan.
PSE president Hans Sicat said that when the roadshow was announced last December it was fully booked in three hours.
Companies especially those with Philippine subsidiaries where eager to find out about how to list and invest in the local bourse.
In a statement, the PSE said there was 37-percent increase in investor turnout and a 58-percent growth in number of fund houses that attended the three-day corporate event.
The PSE also said there was a 32-percent rise in meetings between locally-listed companies and Japanese bigwigs.
The three day roadshow composed of a seminar on January 21, and The Philippine Corporate Day on January 22 and 23, both of which were held at Tokyo, Japan. The international event was co-organized by the PSE and DBP-Daiwa Capital Markets Philippines Inc.
The roadshow highlighted the performance and prospects of the Philippine stock market and some of its listed firms.
“We are pleased with how the Corporate Day was received by Japanese investors. We are glad that we had the opportunity to explain to them the prospects of our local market and that the participating listed firms had the chance to discuss the nature and growth outlook of their respective companies,” PSE President and Chief Executive Officer Hans B. Sicat said.
Other than the seminar and Corporate Day, the local bourse also held a Philippine Business Environment Seminar in partnership with KPMG Japan, Mori Hamada and Matsumoto Law, and Takara Printing Co. Ltd.
Near 200 investors and corporations participated, who are keen to learn more about the rules, regulations and prospects of setting up businesses or investing in the Philippines. It was attended by Manuel M. Lopez, the Philippine Ambassador to Japan.
“We understand that when we sent out the invitation to participants in December last year, the event became fully booked within three hours. We are delighted by the strong interest by Japanese investors in our market and we thank our partners for helping us promote more businesses and investments between Japan and the Philippines,” Sicat said.
Local listed firms that attended the Corporate Day included: Alliance Global Group Inc., Ayala Corp., Ayala Land Inc., BDO Unibank Inc., Energy Development Corp., JG Summit Holdings Inc., Metro Pacific Investments Corp., The Philippine Stock Exchange Inc., Petron Corp., Robinsons Land Corp., San Miguel Corp. and Universal Robina Corp.
About 25 investment firms in Japan participated and met with the attending local firms.
“This is the third year that we are holding a roadshow in Japan with DBP-Daiwa,” Sicat said.