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Credit Suisse: Stay long ringgit, sell Philippine peso vs rupee

Mimi Sabreena 4:44:00 PM Informasi

SINGAPORE (Sept 26): Credit Suisse sees the recent rally in PHP as unjustified while INR may benefit from the improvement in bond flows to India, analysts Ray Farris and Trang Thuy Le write in note.

* Co. maintains view for PHP to weaken to 51.7/USD in three months and 52.5 in 12 months; PHP at 50.79/USD as of 11:45am in Singapore

** Much of the US$1.3 billion inflows from the Philippines’ Energy Development Corp equity deal may have already taken place

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