Filipino Potentially Undervalued Small Caps

Medilines Distributors

Market Cap: ₱576.8m

Engages in the importation, trading, sales, marketing, and distribution of medical-related goods in the Philippines.

Panasonic Manufacturing Philippines

Market Cap: ₱3.8b

Manufactures, imports, and distributes electronic, electrical, mechanical, and electro-mechanical appliances in the Philippines, Hong Kong, and Taiwan.

AllDay Marts

Market Cap: ₱731.4m

Operates a chain of supermarkets in the Philippines.

Millennium Global Holdings

Market Cap: ₱151.7m

Processes, imports, exports, and trades in seafood and aquaculture products in the Philippines, Japan, Taiwan, Hong Kong, Vietnam, Malaysia, Singapore, the United States of America, Canada, and internationally.

Upson International

Market Cap: ₱2.3b

Operates as a retailer of information technology products in the Philippines.

Ionics

Market Cap: ₱895.7m

Provides electronic manufacturing services in Asia, Europe, and North America.

National Reinsurance Corporation of the Philippines

Market Cap: ₱1.5b

Provides life and non-life reinsurance to insurance companies in the Philippines and neighboring insurance markets.

Premiere Island Power Reit

Market Cap: ₱3.9b

Operates as a commercial real estate investment trust.

F & J Prince Holdings

Market Cap: ₱1.0b

Engages in the investment in real estate properties in the Philippines.

SOCResources

Market Cap: ₱194.8m

Through its subsidiaries, engages in the real estate development business in the Philippines.

Crown Asia Chemicals

Market Cap: ₱1.0b

Manufactures, imports, buys, sells, wholesales, and retails plastic and synthetic resins and compounds in the Philippines.

Harbor Star Shipping Services

Market Cap: ₱483.1m

Provides a range of maritime services in the Philippines.

Max's Group

Market Cap: ₱1.8b

Max's Group, Inc., together with its subsidiaries, establishes, operates, maintains, and franchises restaurants, coffee shops, refreshments parlors, and cocktail lounges in the Philippines and internationally.

Marcventures Holdings

Market Cap: ₱2.1b

Engages in extracting, mining, smelting, refining, and converting nickel, chromite, copper, gold, manganese, and other ores and metallic and non-metallic resources in the Philippines.

Philippine Estates

Market Cap: ₱896.2m

Philippine Estates Corporation, together with its subsidiaries, holds, develops, leases, and sells real estate or other properties for industrial, commercial, residential, leisure, and sports purposes in the Philippines.