Filipino Undiscovered Gems With Strong Fundamentals

East West Banking

Market Cap: ₱30.2b

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

House of Investments

Market Cap: ₱7.1b

An investment holding company, engages in the automotive, property and property services, financial services, and education businesses in the Philippines and internationally.

iPeople

Market Cap: ₱7.4b

Engages in the education sector in the Philippines.

Keepers Holdings

Market Cap: ₱30.8b

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

First Philippine Holdings

Market Cap: ₱32.7b

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

Sta. Lucia Land

Market Cap: ₱17.0b

Engages in the real estate development business in the Philippines.

Rizal Commercial Banking

Market Cap: ₱57.0b

Provides various banking and financial products and services in the Philippines and internationally.

Bank of Commerce

Market Cap: ₱14.7b

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

GMA Holdings

Market Cap: ₱19.6b

A holding company, issues the Philippine deposit receipts (PDRs) related to the GMA Network, Inc.

STI Education Systems Holdings

Market Cap: ₱13.2b

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

Axelum Resources

Market Cap: ₱9.0b

Engages in the manufacture and distribution of coconut products in the Philippines, the United States, and Australia.

Shang Properties

Market Cap: ₱16.6b

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

Global Ferronickel Holdings

Market Cap: ₱9.3b

Engages in mining, production, and exporting of nickel ores.

Filinvest Development

Market Cap: ₱38.9b

Engages in real estate development in the Philippines.

Pryce

Market Cap: ₱28.2b

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

Ginebra San Miguel

Market Cap: ₱77.6b

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

Macay Holdings

Market Cap: ₱7.9b

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

COL Financial Group

Market Cap: ₱8.2b

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

Lopez Holdings

Market Cap: ₱14.4b

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

SPC Power

Market Cap: ₱15.3b

Generates, distributes, and sells electricity in the Philippines.

GMA Network

Market Cap: ₱20.3b

Engages in radio and television broadcasting businesses in the Philippines and internationally.

Philippine Stock Exchange

Market Cap: ₱17.0b

Operates as a stock exchange in the Philippines.

Century Properties Group

Market Cap: ₱8.0b

Operates as a real estate company in the Philippines.

A. Soriano

Market Cap: ₱19.3b

Through its subsidiaries, manufactures and sells cables and wires in the Philippines.

Asia United Bank

Market Cap: ₱61.2b

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

Global-Estate Resorts

Market Cap: ₱7.7b

Engages in the development of integrated tourism and leisure estates, and lifestyle communities consisting of residential, retail, hotel, and/or leisure components in the Philippines.

RFM

Market Cap: ₱18.6b

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

Vivant

Market Cap: ₱22.2b

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

Nickel Asia

Market Cap: ₱67.4b

Engages in the mining and exploration of nickel saprolite, limonite ore, limestone, and quarry materials in the Philippines.

Apex Mining

Market Cap: ₱99.0b

Engages in the mining, milling, concentrating, converting, smelting, treating, preparing for market, manufacturing, buying, selling, and exchanging of metals and minerals in the Philippines.

Petron

Market Cap: ₱27.6b

Operates as an oil refining and marketing company in the Philippines.

OceanaGold (Philippines)

Market Cap: ₱80.6b

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

Cosco Capital

Market Cap: ₱49.0b

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

Philippine Seven

Market Cap: ₱49.9b

Operates convenience store networks in the Philippines.

First Gen

Market Cap: ₱63.6b

Engages in the power generation business in the Philippines.

Citicore Renewable Energy

Market Cap: ₱54.7b

Operates as a renewable energy developer through solar, run-of-river hydro, and wind energy platforms in Philippines.