Filipino Undervalued based on future growth

Ayala

Market Cap: ₱355.5b

Engages in the real estate and hotel businesses in the Philippines, Europe, Asia, and the United States.

DigiPlus Interactive

Market Cap: ₱163.6b

Through its subsidiaries, operates as a digital entertainment company in the Philippines.

JG Summit Holdings

Market Cap: ₱129.2b

Engages in the consumer foods, agro-industrial and commodity food products, real estate and hotels, banking and financial services, telecommunications, petrochemicals, air transportation, and power generation and distribution businesses.

Union Bank of the Philippines

Market Cap: ₱108.1b

Provides commercial banking products and services in the Philippines.

GT Capital Holdings

Market Cap: ₱107.0b

A conglomerate, engages in the banking, automotive assembly, importation, distribution, dealership and financing, property development, life and non-life insurance, and infrastructure and utilities in the Philippines and internationally.

Acen

Market Cap: ₱106.3b

Engages in the power generation and trading activities in the Philippines and internationally.

Manila Water Company

Market Cap: ₱100.4b

Provides water treatment and distribution, sewerage, and sanitation services in the Philippines, Indonesia, Vietnam, Thailand, and the Kingdom of Saudi Arabia.

Philippine National Bank

Market Cap: ₱68.3b

Provides various banking and financial products and services.

First Gen

Market Cap: ₱60.0b

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

Megaworld

Market Cap: ₱58.3b

Engages in the development, sale, and leasing of real estate properties in the Philippines.

Robinsons Land

Market Cap: ₱57.3b

Acquires, develops, operates, leases, disposes, and sells real estate properties in the Philippines.

Alliance Global Group

Market Cap: ₱55.8b

Engages in real estate development, tourism-entertainment and gaming, food and beverage, quick-service restaurant, and integrated tourism and infrastructure development businesses in the Philippines and internationally.

Security Bank

Market Cap: ₱47.8b

Provides banking and financial products and services to wholesale and retail clients in the Philippines.

Cosco Capital

Market Cap: ₱42.2b

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

Bloomberry Resorts

Market Cap: ₱36.8b

Through its subsidiaries, develops, owns, and operates hotels, casinos, and integrated resorts in the Philippines and Korea.

Cebu Air

Market Cap: ₱21.6b

An airline company, provides international and domestic air transportation services.

GMA Network

Market Cap: ₱21.5b

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

Petron

Market Cap: ₱21.0b

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

Vista Land & Lifescapes

Market Cap: ₱21.0b

An investment holding company, operates as an integrated property developer and homebuilder in the Philippines.

Cebu Landmasters

Market Cap: ₱8.7b

Engages in the development, leasing, management, and sale of real estate properties in the Philippines.

MacroAsia

Market Cap: ₱7.3b

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

AllHome

Market Cap: ₱2.1b

Operates as a home improvement retailer in the Philippines.

Max's Group

Market Cap: ₱1.9b

Max's Group, Inc., together with its subsidiaries, is involved in catering food and establishing, operating, maintaining, and franchising restaurants, coffee shops, refreshment parlors, and cocktail lounges in the Philippines and internationally.