Dr. Andrew Stotz, CFA

A. Stotz Investment Research

Equity Bottom-Up

<ul>
<li>Good price momentum, low core-profit valuation, and relatively strong analyst recommendation relative to companies across its sector</li>
<li>Expansion remains the key to future growth as PGOLD plans to add 25 PGOLD stores, 2 S&amp;R, 10 S&amp;R Quick Service, and more than 50 stores with its JV partners Lawson (2651 JP) and Ayala Land (ALI PM)</li>
<li>S&amp;R membership growth looks strong going forward after its success from the everyday-low-price model; membership grew 19% YoY in 2015</li>
<li>Trades above the ASEAN sector at…</li>
</ul>

Philippines

Puregold Price Club, Inc. operates wholesale and retail stores, including supermarkets.

Price Gauge
52-week Range	0.00 - 0.00
Market Cap (USDm)	0.00
P/E	0.00
Dividend (Yield)	0.00