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MarketScreener Homepage  >  Equities  >  Tokyo Stock Exchange  >  World Co., Ltd.    3612   JP3990210001

WORLD CO., LTD.

(3612)
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With inflation seen slowing, Philippines c.bank has more room to ease

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04/06/2020 | 11:43pm EDT
Workers sleep on top of a stall in Farmers Market in Quezon City, Metro Manila

The Philippine central bank has room to ease policy further with inflation seen to slow even more, its governor said on Tuesday, even as he expressed confidence the domestic economy was in a better shape to overcome the adverse impact of the coronavirus.

Bangko Sentral ng Pilipinas Governor Benjamin Diokno said policymakers were "willing to use all the tools in its arsenal whenever necessary" to support the Philippine economy, which is set to slow or possibly contract this year.

The economy's growth drivers like consumption, tourism, trade will likely take a hit with half of the country's 107 million population under strict stay-at-home orders, while travel restrictions remain in place.

The Philippines was among the first countries to adopt strict home quarantine measures. They were due to be lifted next week, but were extended by President Rodrigo Duterte until April 30.

A collapse in world oil prices, price freeze on basic necessities, and a drop in utility costs, should push April inflation lower than the 2.5% rate in March, and that should give monetary authorities "more room" for easing, Diokno said.

The central bank has slashed interest rates by a total of 75 basis points so far this year, more than the 50 bps it had earlier committed, and cut the banks' required reserves by 200 bps to boost liquidity.

The central bank will meet on May 21 to set policy rates.

The economic planning agency said growth this year could be between -0.6% and +4.3%, excluding measures to counter the economic impact of the health crisis, a substantial drop from the government's +6.5 to +7.5% target for the year.

(Reporting by Karen Lema and Neil Jerome Morales; Editing by Sherry Jacob-Phillips and Arun Koyyur)

By Karen Lema and Neil Jerome Morales

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Financials
Sales 2020 247 B 2 289 M 2 289 M
Net income 2020 11 050 M 103 M 103 M
Net Debt 2020 74 933 M 696 M 696 M
P/E ratio 2020 4,63x
Yield 2020 3,45%
Capitalization 51 221 M 476 M 476 M
EV / Sales 2019
EV / Sales 2020 0,51x
Nbr of Employees 10 088
Free-Float 70,4%
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Technical analysis trends WORLD CO., LTD.
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Mean consensus BUY
Number of Analysts 2
Average target price 2 950,00 JPY
Last Close Price 1 537,00 JPY
Spread / Highest target 160%
Spread / Average Target 91,9%
Spread / Lowest Target 23,6%
EPS Revisions
Managers
NameTitle
Kenji Kamiyama Executive President & Representative Director
Hidezo Terai Chairman
Satoshi Tomii Outside Director
Teiichi Takatsuki Director
Hitoshi Hatazaki Director
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