CONTACT DETAILS

Postal and Office Address
Antel Platinum Tower
Unit 1703
154 Valero Street, Salcedo Village
Makati City, Philippines

Tel: 63 2 843-2850
Fax: 63 2 740-9470

Email: astro@info.com.ph
Email2: pipol888@yahoo.com
 

ASAP aims to encourage the interchange of ideas and coordination of policy among its members. Its specific objectives include:

• to foster a closer professional association between those engaged in or connected with the securities industry;
• to encourage the greater dissemination of information on securities analysis and on all subjects concerning the securities industry;
• to facilitate and develop educational programs for securities analysts including the evaluation of an individual’s competence and skill in the fields of knowledge pertinent to the professional practice of securities analysis;
• to instruct and train individual members, member societies, members of such societies and the general public in the sound and trustworthy principles, practices and conduct with regards to securities analysis;
• to encourage and develop professional ethics and standards;
• to stimulate and assist research so as to attend to the needs of the profession of securities analysts;
• to hold conferences, seminars, and meetings so as to provide an opportunity for the discussion of professional interests and for the exchanging ideas and information regarding securities analysis;
• to promote, encourage and sponsor the publication and dissemination of papers, lectures, and professional materials as well as information pertinent to the profession and the public at large; and
• to develop and promulgate legislative, social and administrative reforms that may be relevant to the aims and objects of the Association.

The Association of Securities Analysts of the Philippines (ASAP) is the first and only association of professional securities analysts in the country. ASAP was formed in response to an apparent need for an organization that would assist in the advancement of securities analysis in the country. Formed by some of the most prominent figures in the securities industry, ASAP was incorporated on 9 October 1996.

In 2003, ASAP successfully organized regular bi-annual team-building events in the month of January and June, which included recruitment of new members and the creation of an effective communication system among analysts. In April 2003, ASAP coordinated with the Financial Capital Market Advisory Council (FCMAC) to conduct 2 forums on the state of the Philippine economy (Year-end 2002 Economic Briefing and Mid-Year 2003 Economic Results)ASAP assisted in the development of the Special Purpose Asset Vehicle Law (SPV Law), which seeks to provide tax incentives to financial institutions that will sell or dispose of nonperforming assets. ASAP also worked for the passage of the Securitization Law for nonperforming financial assets of financial institutions with the end-goal of improving the liquidity and stability of the domestic banking industry.

Throughout the year, ASAP has been in the forefront of investor education, by giving periodic updates on the market through TV broadcast (both international and local business programs) and print media. ASAP remains to be the most quoted industry source in the local market.

In March 2004, ASAP scored a major achievement with the government’s long-awaited removal of the documentary stamp tax (DST) on stock transactions, which has been one of the group’s original advocacies to assist in the development of the domestic capital market by lowering transaction costs to encourage investment among individual and institutional clients.

An individual member may include investment professionals of good moral standing from the private,
government and academic sector whose functions involve being capital market professionals and
academics.

A corporate member shall consist of private sector, government or academic institutions and/or corporations whose primary mission and objectives are in security analysis and management. These corporations include but are not limited to securities brokerage firms, investment houses, banks, finance companies, fund management firms, investment advisory houses, schools of finance, government financial institutions (GFIs), etc.

An honorary member includes distinguished securities and finance professional/personalities who cannot become an active member but in ex-officio capacity serve as adviser or honorary trustee to the organization. This honorific title shall be granted under meritorious circumstances and by invitation only.
 

ASAP is currently in the process of planning and organizing training seminars and certified courses sponsored by Bloomberg.

(FY 2004)

Market-related Activities

• ASAP will continue to pursue with the Philippine Stock Exchange the public share offering of
  companies, both local and foreign, that have availed of government incentives through the Board of Investments. To date, the process of listing by major petroleum companies has intensified.
• ASAP will continue to be directly involved in the agenda-building and program of action for the economy of the new President.

The association’s website is being upgraded.