Philippine Markets Newsletter

Philippine Markets Newsletter Tearsheet of the Day
  • February 7, 2024
    Death has been this company’s lifeline for years, reaching a Uniform ROA of 7%, not 4%

    Deathcare has become a huge investment for people around the country, especially when the pandemic hit....

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  • February 5, 2024
    PH Monday Macro: Here is how the Philippines government makes money

    We’ve discussed how taxes serve as a better indicator than gross domestic product (“GDP”) figures for gauging long-term economic growth, drawing an analogy between a country and a business. Similar to how a business depends on gross profit to operate and expand, a country relies on taxes to operate and grow....

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  • January 31, 2024
    This mall operator built its growth on consumers’ post-pandemic lifestyle

    As pandemic restrictions were fully lifted in 2022, consumers’ pent-up demand built this mall operator’s monumental returns....

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  • January 29, 2024
    PH MONDAY MACRO: Navigating Philippines housing starts’ trend and its economic impact

    Housing prices and activity have commonly been linked to consumer confidence....

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  • January 26, 2024
    This bank enters the new year with a new bank takeover, also MONDE tearsheet

    On December 29, 2023, the SEC approved the merger of BPI and Robinsons Bank. The Philippine Competition Commission had also agreed the merger would not lessen the competition in the banking sector....

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  • January 24, 2024
    This gaming and casino company has hit the jackpot, reaching a Uniform ROA of 8%, not 5%

    This gaming and casino company took advantage of the increased industry demand. However, as reported data doesn’t seem to think so with ROAs only reaching 5%....

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  • January 22, 2024
    PH MONDAY MACRO: The Philippines’ third most valuable metal signals positive trends in the near future

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  • January 17, 2024
    Coconuts are the key to this packaged foods company, reaching a Uniform ROA of 11%, not 5%

    This packaged foods and meats company specializes in manufacturing and exporting coconut products to top-tier clients. However, as reported data doesn’t seem to think so with ROAs only reaching 5%...

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  • January 15, 2024
    PH MONDAY MACRO: Philippines foresees strong growth in 2024: Robust Economy, Infrastructure Boost, and Fiscal Management Optimism

    With a focus on resilient domestic demand, stable market conditions, and employment, coupled with easing inflation and a commitment to infrastructure, the nation anticipates significant economic expansion....

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  • January 3, 2024
    This manufacturer produced record results, solved operational problems, and cashed in on growth initiatives to reach a Uniform ROA of 9%, not 7%

    Despite a slump in recent years caused by the pandemic, this food ingredients and plastics manufacturer was resilient and saw significant growth thanks to its export business and production expansion initiatives....

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  • December 29, 2023
    Metrobank’s new mobile app streamlines financial transactions with innovative features and compelling incentives

    The new Metrobank app offers waived InstaPay fees in sending money for small transfers (PHP 1,000 or less) until June 30, 2024. In addition, QR payments across banks and e-wallets are also seamless, offering fee-free transfers for up to PHP 1,000...

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  • December 20, 2023
    Using public and private demand as its foundation, this construction materials supplier built its most profitable year to date

    Despite inflationary pressures, the construction industry persevered in 2022. Alongside the growth of this sector, suppliers of construction materials also benefited from this development....

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  • December 20, 2023
    This retail firm weathered every storm that came its way, strategically executing multiple initiatives to reach a Uniform ROA of 6%, not 4%

    Despite recent hurdles, this retail company persevered and came back stronger thanks to its continued cost optimization, expansion, and digitalization initiatives....

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  • December 18, 2023
    PH Monday Macro: Ditch GDP figures and look at taxes

    Last week, we delved into the latest GDP print and underscored the limitations of using GDP as an accurate gauge of economic health and growth....

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  • December 13, 2023
    This F&B company continues to brew success behind strong demand and various initiatives, achieving a Uniform ROA of 14%, not 10%

    This food and beverage leader continues to look for ways to improve its operational strategies and grow its market reach. Despite a tough year in the macroenvironment, this company was still able to find multiple growth opportunities to provide consumers with its well-known brands....

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  • December 11, 2023
    PH Monday Macro: GDP indicates nothing about Philippine’s growth

    The latest Q3 GDP print has broken its downward trend. What does this say about the Philippine economy?...

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  • December 6, 2023
    This school is fighting its way back to the top, achieving a Uniform ROA of 13%, not 6%

    Nothing could have prepared the academic institutions for what came during the pandemic, specifically the full shift towards online learning. However, this school was able to adjust and remain at the top of its game amidst several economic challenges....

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  • December 4, 2023
    MONDAY MACRO: Philippine investors need to pay attention to this insidious economic signal in the U.S. turning RED

    Many analysts and pundits started harping on about another recession in the U.S. as soon as the previous recession ended. It was all gloom and doom for them even when parts of the economy boomed....

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  • November 29, 2023
    Favorable commodity and power prices generated a historic year for this construction conglomerate, building returns to 22%, not 14%

    Surprisingly, construction was not the top business of this conglomerate in 2022 despite its origins. Its strengths rely on its ability to diversify and recognize avenues for growth....

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    Copper, often referred to as “Doctor Copper” in the world of global commodities, plays a crucial role as an economic indicator since its price movements closely align with changes in economic activity.