Philippine Markets Daily

Philippine Markets Daily Tearsheet of the Day

Uniform Accounting reveals this fund’s holdings are 2x more profitable than what as-reported numbers show

April 3, 2020
This unit investment trust fund (UITF) from AB Capital Securities Inc. has consistently outperformed its benchmark, until recently.
Recent Newsletters
April 2, 2020
This coffee giant is brewing the perfect blend of good coffee, robust 28% Uniform earning power, and long-term growth.
Store closures across the Philippines and the US over the coronavirus are disrupting this coffee company’s operations. But their strong brand presence and customer loyalty will help them weather through these short-term disruptions.
April 1, 2020
This company continues to grow its family of convenience stores while growing its TRUE earning power to 17%, not just 2%!
We are now in the third week of the enhanced community quarantine for Luzon that President Duterte declared as part of the government’s plans to battle the spread of the novel coronavirus.
March 31, 2020
This telco giant keeps you connected across the globe. At 1.1x Uniform P/B, the market is signalling bearish expectations.
One of the most successful investors, Warren Buffett, is famous for saying: Be fearful when others are greedy, and be greedy when others are fearful.
March 30, 2020
MONDAY MACRO: This survey has historically been a very early signal for recessions. Will its next update still warrant 7% corporate profitability?
Surveys are used to determine people’s opinions about a specific topic. It is particularly useful to determine characteristics or opinions of a sample size that could be representative of a much larger group.
March 27, 2020
Despite short-term headwinds, strong macroeconomic fundamentals warrant long-term earnings growth potential for this fund
The spread of coronavirus disease 2019 (COVID-19) has had major ramifications in the stock market. Not only have the stock prices been down, but the Philippine Stock Exchange (PSE)
March 26, 2020
With the immense popularity of streaming culture around the globe, this stay-at-home stock might actually flick past Uniform ROAs of 24%+ levels.
There is an emerging set of stocks that are successfully maneuvering around the pandemic: the stay-at-home stocks. With people in quarantine, it’s only logical that these companies benefit from the increase in demand,
March 25, 2020
This toy maker isn’t kidding around with its profitability. Its 14% Uniform earning power is higher than as-reported ROA might have you think.
Struck by the COVID-19 global pandemic, President Rodrigo Duterte has declared a nationwide enhanced community quarantine a week ago,
March 24, 2020
With a 15% Uniform earning power, this company’s fundamentals are near historical highs. Yet, investors are still cashing out.
“You've got to know when to hold 'em, know when to fold 'em… ” - Kenny Rogers, The Gambler
March 23, 2020
MONDAY MACRO: At 14.7x, this is a buying opportunity for the Philippine stock market. Inverted yield curves are not a local concern.
The novel coronavirus pandemic (COVID-19) has had such a severe impact in the global economy in just a few months.
March 20, 2020
This fund’s late-mover advantage produced massive investment returns, and Uniform Accounting reveals its real earnings growth potential
Security Bank took its time before launching its first equity UITF. Other major Philippine banks had already enjoyed a five-year head start when Security Bank established its equity UITF in 2010, right when the 2007 global economic downturn
March 19, 2020
Can a stock really be recession-proof? The maker of SPAM proves that it can come out of a financial crisis with even stronger ROAs than before!
In 2009, global markets and economies were shaken as credit crashed, and along with it, stocks.
March 18, 2020
At just 9x Uniform P/E, this company has heated up competition in the global instant noodle market. Even celebrities can’t get enough!
Luzon is currently under an enhanced community quarantine due to the COVID-19 health crisis. Home quarantine is strictly implemented, and only one person per household is allowed to go out to buy food, groceries, medicine, or other essential items to survive for a month.
March 17, 2020
At a Uniform P/E of 10.9x, this piso-fare pioneer is also showing deeply discounted valuations, but watch out for its takeoff in the near future.
The fight-or-flight response is defined to be the hormonal reaction when one’s survival is threatened. The recent COVID-19 health crisis in the Philippines has triggered many investors’ fight-or-flight responses. Many are choosing to flee
March 16, 2020
MONDAY MACRO: The PSEI just dropped 10% in one day… what is its P/E ratio now???
The Philippine Stock Exchange index (PSEi) is already down 31% since January 2020, sparking fear and panic among investors. Just last week, in the midst of the coronavirus pandemic, the PSEi fell nearly 10% in one day, its largest drop since October 2008
March 13, 2020
This PNB fund invests in established companies—undervalued by as-reported metrics—that pay dividends!
Professional money managers utilize different strategies to generate good investment returns.
March 12, 2020
This company’s unprecedented 2.5 billion reach is powering the REAL returns that are 2-3x the as-reported numbers
Through a series of innovative developments, this company became one of the biggest duopolies in advertising, making its way to the top by focusing on connections as their main product.
March 11, 2020
Charged by the power of Goku and the Power Rangers, this company’s earning power is stronger than the below corporate average reported!
In the Philippines, kids and kids at heart get entertained with superheroes and anime series, as they are shown on our local TV networks in almost all days of the week.
March 10, 2020
This retail giant is building more big-box stores to up its one-stop shop game. With a 35.9x Uniform P/E, the market is pricing that in.
As the 20th richest Filipino according to Forbes, William Belo owns the company that dominates the Philippine home improvement space.
March 9, 2020
MONDAY MACRO: The Philippine peso remains stable even with the threat of a weaker global economy. 6%-7% Uniform earning power is still likely.
A country’s currency is its medium of exchange for goods and services both locally and internationally. The strength of its currency depends on a variety of factors in the economy, but short-term foreign exchange rate fluctuations are impacted heavily by sentiment.