First Metro Investment Corp. (FMIC), the investment bank of the Metrobank Group, expects tempered growth for the Philippine Stock Exchange (PSE) in 2016 given a mix of risks and opportunities.

In a press briefing on Wednesday, FMIC said the PSE index (PSEi) would likely hit “a high of 7,500”, with earnings per share growth of 13.8 percent and the price to earnings ratio hitting 18x.

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