Filipino Undiscovered Gems With Strong Fundamentals

Philippine Savings Bank

Market Cap: ₱25.1b

Primarily engages in savings and mortgage banking activities in the Philippines.

iPeople

Market Cap: ₱6.0b

Provides education services in the Philippines.

Rockwell Land

Market Cap: ₱11.2b

Operates as a property developer in high-end and upper-mid markets primarily in Metro Manila, the Philippines.

Concepcion Industrial

Market Cap: ₱5.9b

Manufactures, sells, distributes, installs, and services heating, ventilating, and air conditioning (HVAC) products and services in the Philippines.

First Philippine Holdings

Market Cap: ₱26.6b

Engages in the power generation, real estate development, energy solutions, construction, and others business in the Philippines.

Sta. Lucia Land

Market Cap: ₱22.5b

Engages in the real estate development business in the Philippines.

Keepers Holdings

Market Cap: ₱39.0b

An investment holding company, engages in the liquor, wine, and specialty beverage distribution business in the Philippines.

Atok-Big Wedge

Market Cap: ₱10.6b

Engages in the exploration and development, and mining of oil and gas, and other natural resource properties in the Philippines.

Victorias Milling Company

Market Cap: ₱9.9b

Operates as an integrated raw and refined sugar company in the Philippines.

Belle

Market Cap: ₱14.2b

Engages in real estate development business in the Philippines and internationally.

Bank of Commerce

Market Cap: ₱9.7b

Provides various banking products and services to private and corporate clients in the Philippines.

Philippine Bank of Communications

Market Cap: ₱8.2b

Provides commercial banking products and services to individual and corporate clients in the Philippines.

Shang Properties

Market Cap: ₱18.7b

Engages in the property investment and development business primarily in the Philippines.

STI Education Systems Holdings

Market Cap: ₱12.3b

Through its subsidiaries, provides a range of educational services in the Philippines.

GMA Holdings

Market Cap: ₱17.2b

GMA Holdings, Inc. issues the Philippine deposit receipts (PDRs) related to the GMA Network, Inc.

Filinvest Development

Market Cap: ₱40.4b

Engages in real estate development in the Philippines.

Macay Holdings

Market Cap: ₱8.0b

An investment holding company, engages in the carbonated beverage businesses in the Philippines.

COL Financial Group

Market Cap: ₱9.7b

Provides online stock brokerage and fund distribution services in the Philippines and Hong Kong.

Lopez Holdings

Market Cap: ₱10.3b

Through its subsidiaries, engages in the power generation and distribution business in the Philippines.

Pryce

Market Cap: ₱19.9b

Engages in the import and distribution of liquefied petroleum gas (LPG) under the PryceGas brand name in the Philippines.

SPC Power

Market Cap: ₱12.7b

Generates, distributes, and sells electricity in the Philippines.

Ginebra San Miguel

Market Cap: ₱84.4b

Engages in the manufacture and sale of alcoholic beverages in the Philippines and internationally.

Vivant

Market Cap: ₱19.8b

Through its subsidiaries, generates, distributes, and retails electric power in the Philippines.

Philippine Stock Exchange

Market Cap: ₱15.6b

Operates as a stock exchange in the Philippines.

Asia United Bank

Market Cap: ₱53.8b

Provides banking and other financial products and services to individual consumers, MSMEs, and corporations in the Philippines.

RFM

Market Cap: ₱13.9b

Engages in milling, manufacturing, and marketing food and beverage products in the Philippines and internationally.

Century Properties Group

Market Cap: ₱7.5b

Operates as a real estate company in the Philippines.

A. Soriano

Market Cap: ₱17.2b

Through its subsidiaries, engages in the resort, cable and wire manufacturing, and other operations in the Philippines.

East West Banking

Market Cap: ₱24.9b

Operates as a commercial bank that provides a range of financial products and services to individual and corporate clients in the Philippines and internationally.

Citicore Energy REIT

Market Cap: ₱20.9b

CREIT, the Philippines’ first renewable energy real estate investment trust and largest renewable energy landlord is powered by its sponsor, Citicore Renewable Energy Corporation.

Apex Mining

Market Cap: ₱36.2b

Engages in exploration and production of metals and minerals in the Philippines.

OceanaGold (Philippines)

Market Cap: ₱36.1b

Engages in the exploration, development, production, and utilization of gold, copper, silver, and other mineral resources in the Philippines.

Cosco Capital

Market Cap: ₱42.4b

Engages in retail, real estate, liquor distribution, oil and mineral exploration, and other specialty retail businesses in the Philippines.

Philippine Seven

Market Cap: ₱71.7b

Operates convenience store networks in the Philippines.

Philippine National Bank

Market Cap: ₱74.8b

Provides various banking and financial products and services.

MacroAsia

Market Cap: ₱7.6b

Through its subsidiaries, engages in the aviation-support businesses in the Philippines.