Philippines
Megawatts, Margins, and Growth Improvement
First Gen Corporation, set up in 1998, is the Philippines’ third-largest electricity generator.
Frederico Lopez is the Chairman and CEO, and Profitable Growth has improved to average rank in the past 12 months under his leadership.
Read MoreProfitability is Key at Puregold Price Club
Puregold Price Club Incorporated is the second-largest food retailer in the Philippines, catering to both end consumers and resellers. The company sells consumer goods through its 291 stores.
Leonardo Dayao has been the president of the company since 1998. In the last five-year period, both profitability and sales growth have remained high.
Read MoreFat Margins Remain Norm at DMCI Holdings
DMCI Holdings Incorporated is a major Philippines-based conglomerate. In the past, its core business was construction, but power, mining and property development have recently become its main profit sources.
Isidro Consunji took full control of the company from his father, founder David Consunji, at the end of 2014. The younger Consunji’s leadership has shown successful thus far.
Read MoreA Diversified Philippines Portfolio in One Stock? That’s LT Group
LT Group Incorporated is one of the largest conglomerates in the Philippines with investments in banking, tobacco, beverages, real estate and alcohol. Dr. Lucio C. Tan is both the Chairman of the Board and the CEO, since 1995.
Read MorePlacing Your Bets on Bloomberry Resorts
Bloomberry Resorts Corp is a holding company that focuses on managing and operating high-end hotel & casino complexes in the Philippines and South Korea.
While 2014 was a fantastic year for BLOOM, the company has fallen to the lowest ranking for profitable growth the last two years under Razon’s leadership.
Read MoreRecommendation is Currently at Maximum Level for the Philippines
We can see that the bottom-up country relative consensus recommendation is currently a maximum level “Buy” for the Philippines. The consensus EPS growth estimates have been stable over the last five years at about 11% on average.
Read MoreThe Largest Oil Refiner in the Philippines Has Shown Great Improvement
World Class Benchmarking: Petron Corporation is the largest oil refining company in the Philippines, and also a leader in the downstream oil industry.
Read MorePhilippines is Most Attractive in Asia
The GDP in Philippines is driven by private consumption and investment. Philippines has good ROE relative to other Asian countries. High PE and low dividend yield makes it look expensive. Fundamentals are good and valuations are the worst; as fundamentals are not strong enough to support high multiples.
Read MoreProfit from Pessimism: Finding Value When a Company’s Outlook is Poor
My research covering 4,000 companies across the world shows that, over the past 22 years, financial analysts have been wrong in their earnings forecasts about 33% of the time.
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