Monde Nissin: The Investment Case
The sentiment is weak due to the large impairment charges. The valuation is undemanding (SOTP valuation of PHP10.21) and will prove attractive to...
407 Views
PCOMP Index Rebalance Preview Feb 23: Updated Methodology to Drive Changes
A methodology change that increases the minimum free float from 15% to 20% could result in 3 changes to the index. The three constituents will need...
602 Views
The Week That Was in ASEAN@Smartkarma - SCMA's Reset, Metrodata, and Indocement's Alternative Edge.
The Week That Was in ASEAN@Smartkarma is filled with an eclectic mix of differentiated, substantive, and actionable insights, macro and equity...
326 Views
Monde Nissin: High Steaks And Flexitarian Impairments
Monde is not "cheap". And Universal and Century have stronger forward top-line growth and superior yields. I can see Mode drifting lower to sideways.
569 Views
PCOMP Index Rebalance: DMC, UBP to Replace MEG, RLC
As forecast, DMC & UBP will replace MEG & RLC in the PCOMP at the close on 3 February. There are only 5 days to implementation and there is a large...
615 Views