THE Philippine Stock Exchange’s (PSE) decision to raise its capital-raising target for 2026, based on applications received so far, suggests companies are becoming more willing to tap the domestic equity market for growth capital, analysts told BusinessWorld.
Analysts noted that the higher target reflects improving issuer confidence, as companies see better prospects for raising funds through initial public offerings, follow-on offerings, and other equity instruments. The PSE’s revised goal signals that more corporations are preparing to list or expand their capital base in the coming year.
However, analysts also cautioned that structural challenges such as thin market liquidity, regulatory hurdles, and global economic uncertainties continue to limit the full potential of the local capital market. Sustained growth in fundraising will depend on addressing these issues to maintain issuer and investor confidence.