Philippine Stock Market Weekly

FirstMetroSec’s Equity Research Analyst, Alyssa Alamar shares our updated insights on MREIT including our new target price for the company. Alyssa elaborates why MREIT is among our top REIT picks for 2023, as the sector should benefit from a Fed pivot/pause.  

FirstMetroSec’s Equity Research Analyst, Alyssa Alamar shares our updated insights on RCR as well as why we have confidence that stable organic growth is embedded in RCR’s portfolio without factoring asset injections. Alyssa elaborates why RCR is among our top REIT picks for 2023, as the company should benefit from a Fed pivot/pause. 

FirstMetroSec’s Adel Bermudez is back to discuss why the SIM registration is a step in the right direction but has material implications on telco players. Adel also explains why TEL and CNVRG are in better position versus GLO.

In this Market Bites episode, FirstMetroSec’s Equity Research Associate Peter Garnace shares our insights on our coverage, Citicore Energy REIT Corp. Peter discusses on how CREIT stands out among the REITs in our coverage. Peter also points out how CREIT has a unique business model with large headroom for growth.

In this Market Bites episode, FirstMetroSec's Equity Research Associate Adel Bermudez discusses First Metro Securities’ updated outlook on Security Bank Corp. She explains how SECB’s valuations are undemanding vis-à-vis SECB’s strong capital position and earnings growth trajectory. Adel also shares First Metro Securities’ new target price for SECB.

FirstMetroSec’s Joan Batara talks about Century Pacific Food, Inc.  (CNPF). She explains why the company’s diversified product portfolio is well positioned to capture changing consumer preferences and weather macroeconomic headwinds. She also shares FirstMetroSec’s new target price on CNPF. These and more, only here on Philippine Stock Market Weekly.

In this episode, Shakey's Pizza Asia Ventures, Inc.’s (PIZZA) President and Chief Executive Officer Vicente Gregorio joins our host and Equity Research Deputy Head for Retail Royce Aguilar to talk about how the company retains its market leadership despite the inflationary environment. The two also talked about PIZZA’s other brands (Peri-Peri & Potato Corner) and how they fit in the company’s...

Listen to Royce Aguilar as he analyzes the main reasons why the PSEi rallied by more than 10% in the month of November. He also discusses two new buy calls investors can consider buying amidst the current market environment.

In this Market Bites episode, FirstMetroSec’s Equity Research Associate, Adel Bermudez elaborates on why we are underweight on the Philippine telco sector and why we have downgraded our target prices across our telco coverage. Nonetheless, the recent selloff offers an opportunity to enter on select stocks with specific catalysts, which, in our view, can mitigate the impact of rising competition in...

Time for another wrap-up! In this episode, we dissect what made the local market rally in October 2022. Find out what to anticipate in the coming months as investors try to gauge the monetary policy of the U.S. and Philippines. He also shares several factors on why the Hang Seng Index (from Hong Kong) dropped by the most since 2008 last October. Tune in to know our top picks this month and grab tr...

In this Market Bites episode, FirstMetroSec’s Alyssa Alamar talks about Robinsons Land Corp. (RLC). She shares her key takeaways from her Bridgetowne site visit. She also discusses why she thinks Bridgetowne is underappreciated by the market and why she sees long term earnings runway for the group. These and more, only here on Philippine Stock Market Weekly.

FirstMetroSec’s Joan Batara talks about Wilcon Depot, Inc. (WLCON). She explains why WLCON’s topline appears to be stronger in the third quarter of 2022. She also shares why WLCON’s higher inventory cover is good use of cash under the current environment. These and more, only here on Philippine Stock Market Weekly.

POGO exodus? Higher interest rates’ effect to the residential sector? Malls back to pre-COVID levels? Leechiu Property Consultants, Inc.’s co-founder and CEO David Leechiu joins our host and Deputy Head for Retail Research Royce Aguilar for an elaborate discussion focusing on the different segments of the Philippine property sector so far: residential, office, retail, and industrial. This episode...

In this episode, we discuss the reasons for the PSEi’s biggest monthly drop since March 2020. Royce Aguilar also delves into the reasons why the US Dollar is outperforming against other currencies. He also defines credit default swaps and shares more stocks picks.

Time for another wrap-up! In this episode, we discuss the stock market highlights in August 2022. Listen to Royce Aguilar as he analyzes the equity market’s strong performance in the month of August. He also dissected the earnings performance of different sectors in the index. Plus, find out what to watch out for as we enter the Ber months. Tune in to know our top picks this month and grab trading...

In this episode, we are joined by Citicore Energy REIT Corp. (CREIT). CREIT is at the forefront of driving the green agenda in the Philippines’ real estate industry.   Tune into this episode as CREIT management shares their ongoing projects, strategies, and plans for building sustainable and modern communities and what this means to you as an investor.

In this episode, you can hear from Francis Suarez, CFO, and Joey Crisol, Head of Investor Relations of GTCAP. The team shared the company’s current assessment of the business environment post-pandemic, including the future of banking, automotive, property, infrastructure, and insurance. Hosted by Royce Aguilar, Equity Research Deputy Head for Retail.

In this episode, we dived into why the local and global markets rallied in July 2022 despite the several risks. Royce Aguilar talks about the pros and cons of a weak Philippine Peso plus how to take advantage of the recent PSEi rebalancing. He also shares which economic data to watch out for in this eventful August.

In this episode, PSE’s President and Chief Executive Officer Ramon Monzon joins our host and Equity Research Deputy Head for Retail Royce Aguilar to talk about the growing influence of retail investors locally. The two also talked about the benefits of short selling, how the company plans to further protect investors, and the PSE’s outlook on capital raising activities.

Host and Equity Research Deputy Head for Retail, Royce Aguilar is joined by Ser Percival Peña-Reyes, Ph. D., Director at the Ateneo Center for Economic Research and Development, a professor and researcher with an extensive background in Economics. The two discuss economic highlights as well as the recent employment prospects of the country. In this episode, we also touched on the country's inflati...

Hear it from the company with the largest market capitalization in the country  FirstMetroSec's Royce Aguilar sits down with Tynee Tan, Investor Relations Senior Manager of SM Prime Holdings, Inc., and talks about the company’s outlook on its malls, residential, and office segments. The two also nail down the firm’s ESG performance as well as the details on the company’s planned REIT listing.

Is there room for more downside or should we now be buying the dips? Hear the answer straight from our Equity Research Division, as they present their 12-month outlook on Philippine equities amid rate hikes, inflation, and Peso depreciation.

In this Market Bites episode, FirstMetroSec’s Derrick Guarin talks about the causes of high inflation and why the Philippine Central Bank is poised to further raise rates.  Derrick also shares if we will still continue to subscribe to our view of a cyclical upturn in economic growth and corporate earnings recovery for 2022.  These and more, only here on Philippine Stock Market Weekly.

In this Market Bites episode, FirstMetroSec’s Joan Batara talks about SM Investments, Corp. (SM), the holding company of the SM Group. She elaborates why despite the earnings downgrade, we retain our positive outlook for SM and keep the counter as among our top picks this year. She also shares FirstMetroSec’s new target price for SM. These and more, only here on Philippine Stock Market Weekly.

In this Market Bites episode, FirstMetroSec’s Alyssa Alamar talks about SM Prime Holdings, Inc. (SMPH), one of the largest integrated property developers in Southeast Asia. She elaborates that SMPH has a large headroom for earnings recovery with its large mall exposure and robust residential segment She also shares FirstMetroSec’s new target price for SMPH. These and more, only here on Philippine...