Philippine Markets Newsletter

This water utility company created a well-diversified portfolio that enabled it to mitigate numerous risks amid the pandemic....

Many investors continue to be worried about the state of the Philippine economy and its overall direction heading into the new year. With how the local stock market has behaved recently, and the likelihood of window dressing in the last month of the calendar year, many are concerned the economic recovery might not have a leg to stand on....

This bank turned to develop its digital services amid the pandemic...

Rising costs, rapid digitalization, and semiconductor headwinds may have paved the way for this company’s growth and expansion in the long run. However, as-reported data seems to show otherwise...

This indicator of how much slack there is in the economy has been improving since its historic 2020 lows. Does this suggest the Philippine economy is well on its way to fully recovering?...

This holding company’s portfolio allowed it to diversify risks and to capitalize on better opportunities amid the pandemic....

Third quarter 2022 GDP numbers turned out better than expected, continuing the positive growth we’ve been seeing since Q2 2021....

Since 1962, this air conditioning and refrigeration company has served as the leading cooling solutions provider in the Philippines, innovating to address Filipinos’ comfort expectations....

With only weeks before the annual Christmas reunions and house parties come into full swing, we’re still dealing with high prices of goods and services due to both global and domestic supply chain issues....

What was once a glass-containing manufacturer became one of the Philippines’ largest conglomerates decades ago, bouncing back from the negative effects of the pandemic. Although its as-reported metrics showed little to no added shareholder value, this conglomerate’s diversity allowed it to generate a more profitable Uniform return on assets (ROA)...

As a result of its continued resilience and focus on its brand strategy, one of the Philippines’ largest and oldest conglomerates has already surpassed its pre-pandemic quarterly earnings....

The Philippine stock market, as represented by the Philippine Stock Exchange index (PSEi), recently hit 2-year lows on the back of both domestic and global inflation concerns....

Despite the challenges in the telecommunications industry, this company has managed to connect at least 50% of households in the Philippines. However, the as-reported metrics of the company do not appear to fully capture the company’s profitability....

This retail company focused on growing its portfolio by investing in e-commerce and digital initiatives. However, it seems its strategy hasn’t been translated into its profitability, with as-reported metrics showing returns less than the cost of capital...

Accounting for over 70% of the country’s GDP, consumer spending drives much of where an economy is heading. If consumers are more optimistic about the future, they are more likely to spend...

This real estate company focused on a target market outside of the Metro. However, the as-reported metrics of the company do not seem to capture the company’s ability to create shareholder value....

The stock market is an excellent leading indicator of a country’s economy. When investors are optimistic about the country’s growth prospects—and therefore of businesses’ potential—they buy more stocks, pushing prices higher....

The Rizal Commercial Banking Corporation (RCBC), is the first local bank to join the Partnership for Carbon Accounting Financials (PCAF), a project that enables a harmonized assessment and reporting of greenhouse gas emissions from loans and investments. Beforehand, the bank’s management stated that it will be focusing its lending projects on at least 1,600 megawatts (MW) of renewable energy (RE) projects over the next two years....

Supply chain disruptions and other pandemic-induced problems have proven a great challenge for this marine ports operator. It seems as-reported metrics are too focused on these issues that it’s not taking into account the company’s ability to successfully navigate through the pandemic....