COL Financial

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#COLadvisory: Please be advised that the Philippine Stock Exchange (PSE) will go back to its full-day trading schedule starting March 1, 2022 (Tues).

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[COL Financial @colfinancial]

Daily Notes:

Other News:
- $DHI: Planned merger exempt from mandatory PCC notification
- Economy: BSP faces pressure to pause tightening cycle amid weak GDP growth
- Economy: Economists see sluggish PH growth through 2027 amid weak consumption and investment

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[COL Financial @colfinancial]

Daily Notes:

Top Stories:
- $JFC: 3Q26 earnings rebound signals improving momentum
- $EMI: Brandy momentum accelerates in 3Q, but margins narrow
- $MWC: 3Q26 earnings decline 8.0% y/y due to higher interest expenses, in line with estimates

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[COL Financial @colfinancial]

Daily Notes:

Top Stories:
- $MEG: 2Q26 profit ahead of estimates, DPS up 25%
- $OGP: 3Q26 earnings fall q/q on higher operating costs and taxes

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[COL Financial @colfinancial]

Daily Notes:

News Highlights:
- Gaming Sector: DoF continues to study proposed excise tax on online gaming
- Economy: October inflation expected to quicken to 7.6%
- Economy: Moody’s cuts 2026 GDP forecast to 3.3%

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[COL Financial @colfinancial]

Daily Notes:

Top Stories:
- $BDO: 3Q26 net income inches up 1.8% y/y to Php22.9Bil
- $EW: 3Q26 earnings decline 36% y/y to Php1.6Bil, below estimates

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[COL Financial @colfinancial]

Daily Notes:

News Highlights:
- $SGP: Maharlika shelves planned NGCP investment
- Power Industry: DOE prepared to defend new mining bid rules in court
- $UBP: Board approves integration of UnionDigital and UBX into parent bank

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Daily Notes:

News Highlights
- Economy: Gold slips below US$4,000/oz amid rising energy prices
- Economy: More BSP hikes seen as inflationary pressures build

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[COL Financial @colfinancial]

Daily Notes:

Top Stories:
- $PNB: 3Q26 net income up 11.0% y/y on lending income growth and provision reversals
- $UBP: 3Q26 net income down 5.6% y/y on higher provisions

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[COL Financial @colfinancial]

Daily Notes:

News Highlights
- $MER: Meralco sales volume rises 0.8% during first nine months of this year
- $PLUS: DigiPlus targets 60 localized games in 2027

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[COL Financial @colfinancial]

Daily Notes:

News Highlights:
- $ALX: Aznar Shipping receives SEC greenlight for December IPO
- Economy: Vehicle sales fall 5.8% y/y in September but rebound m/m

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[COL Financial @colfinancial]

Daily Notes:

Top Stories:
- $GCASH: Turning scale into opportunity
- $EW: Elevated credit costs continue to constrain profitability; downgrade to HOLD

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[COL Financial @colfinancial]

Daily Notes:

News Highlights:
- $MWC, $MYNLD: Metro Manila water concessionaires contemplate water-sharing deal
- $APX: Subsidiary receives offer for 30% stake in SC72 gas exploration project
- $RLC: Robinsons Land launches sports and leisure unit

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[COL Financial @colfinancial]

Daily Notes:

News Highlights:
- $CNVRG: CNVRG set to open Luzon data center
- $MEG: BNP Paribas to set up operations in Uptown Bonifacio
- $TUBIG: Plans follow-on offering to restore public float
- $LTL: LTL expands retail mix in PNB Makati Center

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[COL Financial @colfinancial]

Daily Notes:

Top Stories:
- $BDO: Holding up despite macro headwinds, reiterate BUY
- $CPG: From volatile high-end developer to stable affordable homebuilder

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[COL Financial @colfinancial]

$GCASH: Turning scale into opportunity

Read the full Initiating Coverage by logging in to https://t.co/vSqzBo27nq

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[COL Financial @colfinancial]

Daily Notes:

- $SECB: Wealth management arm targets Php600Bil in AUM by end-2026
- Economy: BSP to hike rates by another 25bps — BusinessWorld poll

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[COL Financial @colfinancial]

Daily Notes:

- $SM, $SMPH: SMPH outlines 360-hectare Pasay 360 project with US$150Mil AIIB loan
- $MER, $AP: LNGPH looking to expand onshore gas storage capacity
- $PPC: Pryce Corp. examines potential PSE listing of Pryce Gases, Inc.

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[COL Financial @colfinancial]

Daily Notes:

- $ROCK: Rockwell Land joins expanded 4PH housing program
- $NOW: NOW associate requests NTC fee reassessment
- Economy: BSP widens current account deficit forecast on high fuel, commodity prices

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[COL Financial @colfinancial]

Daily Notes:

- COLing the Shots: What will it take for Philippine equities to re-rate?
- $MER: Has the market priced in an overly pessimistic regulatory scenario?
- $MAC: Increasing FV estimate on improved LTP margins; maintain BUY rating

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[COL Financial @colfinancial]

Daily Notes:

- Power Industry: WESM prices rise in September
- $CEB: House of Representatives on Monday approves CEB’s 50 year franchise renewal
- $SCC: Semirara criticizes coal auction rules, selection criteria

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