Philippine Markets Daily

Philippine Markets Daily Tearsheet of the Day

This UITF has outperformed the PSEi since its inception, with an earning power that is 1.5x more using Uniform Accounting than as-reported metrics

September 18, 2020
This unit investment trust fund (UITF) of the country’s second-largest bank has been outperforming its benchmark, the Philippine Stock Exchange Index (PSEi).
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September 17, 2020
This popular chocolatier indulged in healthy acquisitions, with Uniform ROAs now reaching sweet new highs of 30%+
Known for its widely popular line of confectionery items, this chocolate company decided to expand its portfolio by improving some of its core brands and venturing into a market you’d least expect it to: the healthy snack industry.
September 16, 2020
With its sustainability initiatives, the “Samson” of the luggage industry is more powerful with a 23% Uniform ROA, not 5% as-reported!
With increased temperatures, rising sea levels, and extreme weather patterns, climate change is a pressing issue that affects everyone everywhere.
September 15, 2020
Uniform Accounting shows how this company’s strategy is leading to a resilient business, but at the expense of weaker margins
When trends develop in an industry, it is often for a beneficial reason. However, these can at times cause harm, especially when extraordinary cases occur.
September 11, 2020
This UITF from the country’s largest bank has an earning power that is 1.5x more under Uniform Accounting than its as-reported counterpart suggests
This unit investment trust fund (UITF) of the country’s largest bank has historically been underperforming its benchmark, the Philippine Stock Exchange Index (PSEi).
September 10, 2020
Having everything from A to Z made it easier for this tech giant to monetize its platform, producing Uniform ROAs of 24%+ in the process
Encyclopedias have been around for almost 2,000 years. It’s a comprehensive collection of facts on subjects such as history
September 9, 2020
The call for automation during this pandemic is an opportunity for this company, resulting in a Uniform ROA of almost 8x the as-reported!
Different businesses thrive in different environments. Rising trends such as fintech and automation were previously the center of doubt and debates
September 8, 2020
With an immaterial Uniform earnings margin, this company might not yet be ready to go and ship meaningful returns
Business tailwinds play an important part in analyzing a company’s future performance.
September 7, 2020
MONDAY MACRO: This metric came down from its all-time highs, and people are back at work…an economic recovery is likely on the horizon
The “Ber” months have finally arrived, marking the start of the holiday season in the Philippines.
September 4, 2020
One of the oldest UITFs in the Philippines invests in companies that have Uniform ROAs almost twice as much as its as-reported metrics!
One of the oldest unit investment trust funds (UITFs) in the Philippines has historically been underperforming its benchmark, the Philippine Stock Exchange Index (PSEi).
September 3, 2020
This $9 billion company kept its head “up in the cloud,” reaching Uniform ROAs of 13%+
Cloud storage has been an increasingly significant cog in the modern business machine. Given the theoretically infinite volume of data that businesses have to work with, cloud storage offers a solution that relies less and less on the more asset-intensive, limited-capacity in-house servers.
September 2, 2020
This company’s products and marketing strategies were game changers, leading to one of the bestselling consoles and a Uniform ROA of 12%, not just 2%!
Playing video games has always been a favorite pastime, but its audience grew even wider during the pandemic when everybody had to stay at home. Video game platforms have come a long way, from being available only at arcades to becoming a family activity and to becoming a popular online activity whether through computers or mobile phones.
September 1, 2020
This packaged food company does more than leaven bread, its Uniform ROA has risen to 2x corporate averages…as-reported metrics say it’s fallen flat
Though rice has long been Filipinos’ staple food, low flour prices and shifting diets of the middle class are driving the growing flour demand. Based on Euromonitor, growth in per capita wheat foods in the Philippines has increased by 45% from 23.1 kg in 2014 to 33.7 kg in 2019.
August 28, 2020
This universal bank’s UITF invests in companies with an earning power almost 2x its as-reported metrics based on Uniform Accounting!
This six-year unit investment trust fund (UITF) has been underperforming its benchmark, the Philippine Stock Exchange Index (PSEi).
August 27, 2020
This gaming company captured the king and crushed the mobile gaming space, with returns that are 5x the as-reported
The software-as-a-service (SaaS) model revolutionized the tech industry. Instead of having to pay a large amount for a perpetual license for a particular software, users have now switched to a subscription-based periodic payment scheme that’s significantly cheaper.
August 26, 2020
When this toy’s popularity popped, so did this company’s earnings, producing 19% Uniform ROAs, 60% more than you might think
New trends and changes in consumer behavior can kill or revive an industry—that is the life cycle of trade. For the toy manufacturing industry, changes in consumer trends occurred from the rise of the internet and video games.
August 25, 2020
Uniform Accounting shows how this pizza parlor has been able to keep its mojo, delivering 17%+ TRUE returns each year
Pizza is a favorite staple for gatherings and parties not just because of the variety of flavors available, but also because it is convenient. An 18-inch pizza can easily feed 6 or 7 people. Cut it into criss cross slices and you have enough to serve maybe twice more, making it a great part of a spread at parties.
August 24, 2020
MONDAY MACRO: Banks have now tightened credit standards but Aggregate CCFP signals that this is no reason to panic
Banks have always played an important role in the economy, and their significance is highlighted even more during a financial crisis.
August 20, 2020
Credited with the “athleisure” trend, this apparel company successfully cultivated its fitness lifestyle brand and got healthy Uniform ROAs of 20%+
Athleisure, or casual and comfortable everyday athletic wear, has become a popular trend mainly among millennials