MANILA, (Reuters) – Benigno Aquino’s convincing  performance in this week’s Philippine presidential poll point  to a smooth transition over the next six weeks, but the  outgoing administration could cause some headaches.

Aquino has said he is ready to govern, but has not directly  claimed the presidency. He is setting up a committee to look at  cabinet posts, with investors waiting on his choices for key  economic and finance positions for signals on policy direction. The relatively smooth election process and the emergence of  a clear winner with market-friendly credentials is seen as a  positive development for improving long-term investor  perception.

However, the speed with which the result has become known  has created something of a void. Official results are not  likely until June, and second-placed Joseph Estrada will not  concede until then.