1. Ayala Corp. (CONGLOMERATES) - AC (Target Price-P458.00)

    - A holding company for diversified interests in banking (BPI), real estate (ALI), and utilities/water distribution (MWC).

 

2. Ayala Land, Inc. (PROPERTY) - ALI (Target Price-P19.75)

    - Largest and most experienced real estate developer

 

3. Aboitiz Power Corp. (POWER) - AP (Target Price-P36.70)

    - Leading player in the Philippine power industry – power generation and distribution in Visayas and Mindanao.

 

4. Banco De Oro (BANK) - BDO (Target Price-P60.00)

    - One of the largest full-service universal banks with a corporate, retail, investment banking and insurance broking.

 

5. Bank of Philippine Islands (BANK) - BPI (Target Price-P61.35)

    - One of the largest Philippine universal banks with more than 800 branches in the Philippines, HongKong, Italy, and     the US. It provides commercial and consumer banking services, asset management and trust services, mutual funds, electronic banking, and brokerage services and investment banking services.

 

6. DMCI Holdings, Inc. (INFRASTRUCTURE) - DMC (Target Price-P45.00)

    -  Holding company with businesses engaged in general construction (DMCI), equity investments in infrastructure projects (PDI), heavy fabrication, industrial construction and engineering services (AG&P) and exploration, mining, development and sales of coal resources (SCC).

 

7. PNOC Energy Development Corp. (POWER) - EDC (Target Price-P7.76)

    - A pioneer in geothermal energy industry involved in the exploration and production of water-based steam power to generation of electricity for commercial use.

 

8. Int’l Container Terminal Services (PORT OPERATIONS) - ICT (Target Price-P50.00)

    - Engaged in the management, operation and development of container terminals in Asia, Europe, Middle East, Africa and the Americas.

 

9. Jollibee Foods Corp.(CONSUMER) - JFC (Target Price-P91.00)

    - Develops, operates and franchises quick-service restaurants in the Philippines and overseas under the brand name Jollibee, Chowking, Greenwich, Delifrance, Manong Pepe's and Red Ribbon Bakeshop, Inc.

 

10. Metropolitan Bank & Trust (BANK) - MBT (Target Price-P84.50)

      - One of the largest Philippine banks providing deposit products, loans and trade finance, domestic and foreign fund transfers, treasury, foreign exchange, trading and remittances and trust services.

 

11. Metro Pacific Investments (INFRASTRUCTURE) - MPI (Target Price-P4.67)

       - Holding company for investments in real estate and infrastructure projects such as water utilities, toll operations, healthcare, power, port, and others.

 

12. Manila Water Company (UTILITIES) - MWC (Target Price-P22.00)

      - Holds exclusive rights for water delivery, sewerage and sanitation services under a 25-year concession agreement to 6Million residential, commercial and industrial customers.

 

13. SM Investments Corp. (CONGLOMERATES) - SM (Target Price-P580.00)

      - The holding company of the SM Group of Companies engaged shopping mall development, retail, financial services, real estate development and tourism and hotels and conventions.

 

14. SM Prime Holdings (PROPERTY) - SMPH (Target Price-P14.95)

 

      - Engaged in developing and operating modern shopping centers with over 40 SM Supermalls in the Philippines and three SM supermalls in China.

 

15. Philippine Long Distance Tel. Co. (TELECOM) - TEL (Target Price-P2,530.00)

      - Leading telecommunications provider in the Philippines with three principal business groups - fixed line, wireless, and information and communication technology.

 

16. Universal Robina Corp. (CONSUMER) - URC (Target Price-P38.80)

      - Leading branded convenience food and beverage company in the Philippines, and a major player in the Southeast Asian region and greater China.