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Weekly PSE research

A busy week across the roster. APX made the only headline call change, cut from Hold to Sell after gold's slide finally fired its trigger, while RRHI stopped trading ahead of its July 28 delisting. Catalysts came fast elsewhere: First Gen drew an unsolicited $5 billion bid for its geothermal arm, Ayala kept buying Ayala Land into a 35 percent rebound, and PLDT filed its P24 billion VITRO data-center REIT. The committee stays far more bearish than the pages, 31 conferred Sells against the pages' 22 Buys, with 38 names now split between the two.

Disclaimer: The research and recommendation below were generated by Claude Fable. Please treat this as one input for your own research — not as the sole basis for any decision to buy or sell a stock.

Stock table

Ticker / companyIndicesPriceRecommendationCommittee callReason
ACAyala CorporationPSEi, MSCI508.50HoldSelldeep NAV discount; Ayala Land recovering but neither dated catalyst confirmed
ACENACEN CorporationPSEi3.00HoldSellgrowth is debt and dilution funded; rights offer looms
AEVAboitiz Equity Ventures, Inc.PSEi33.30BuyBuydeep conglomerate discount, covered dividend; watch cement
AGIAlliance Global Group, Inc.MidCap8.20HoldSell0.22x book, but no catalyst; PSEi demotion cut passive demand
ALIAyala Land, Inc.PSEi, MSCI17.00BuySelldeep value; size smaller than SMPH, watch the MSCI review
APXApex Mining Co., Inc.MidCap12.28SellSellgold down 28-29% off peak, stock now catching down, sell trigger fired
AREITAREIT, Inc.PSEi37.25BuyHoldtop-quality REIT for income and dividend growth
AUBAsia United Bank CorporationMidCap50.60BuyBuybest bank fundamentals of the cycle; size small, thin liquidity
BDOBDO Unibank, Inc.PSEi, MSCI127.00HoldHoldquality bank priced near book; wait for a better entry
BLOOMBloomberry Resorts CorporationMidCap2.25SellSellrally is launch hype, not confirmed data; VIP still shrinking, no 2026 dividend
BPIBank of the Philippine IslandsPSEi, MSCI104.00HoldHoldbest-run big bank, fairly priced; credit-cost trend stabilizing but not confirmed
CBCChina Banking CorporationPSEi56.25BuyHoldvalue plus income; watch the cost-to-income jump
CEBCebu Air, Inc.None28.95HoldSellfuel easing near the buy trigger; Q2 results due Aug 6, 2026 unconfirmed
CLICebu Landmasters, Inc.None2.19HoldSelldirt cheap but leveraged; wait for cash flow and debt to turn
CNPFCentury Pacific Food, Inc.PSEi31.60BuySellquality compounder; capex squeeze near term
CNVRGConverge ICT Solutions, Inc.PSEi9.91BuyHoldstarter position; add on further weakness
COSCOCosco Capital, Inc.MidCap8.83BuyBuystakes worth more than the market cap; family control, no catalyst
DDMPRDDMP REIT, Inc.None1.04SellSellavoid; 57% of GLA reprices in 2026 post-POGO, sponsor controls the only exit
DMCDMCI Holdings, Inc.PSEi7.25BuyHoldcyclical low, 10%+ covered yield; coal rebid is the swing factor
DNLD&L Industries, Inc.MidCap3.54HoldSelldividend not cash-covered; BIR tax case pending
EMIEmperador Inc.PSEi15.40SellSellshrinking profits at a premium multiple; thin float
EWEastWest Banking CorporationNone11.88HoldHoldvery cheap; wait for the Q1 2026 NPL uptick to resolve
FGENFirst Gen CorporationNone19.20HoldSellBarito's $5B bid for EDC is a real catalyst, but unsigned; feud and PSE sanction still open
GLOGlobe Telecom, Inc.PSEi1,870.00HoldHoldGCash IPO partly priced in; core telco shrinking
GMA7GMA Network, Inc.None4.51HoldSelldon't buy at this price
GSMIGinebra San Miguel, Inc.MidCap260.40BuyBuy12-year compounder at ~8x; thin float, enter patiently
GTCAPGT Capital Holdings, Inc.PSEi482.00BuyBuyMetrobank stake alone covers the price; discount lacks a catalyst
ICTInternational Container Terminal Services, Inc.PSEi, MSCI998.00HoldHoldfirst PSE company to top P2 trillion market cap, priced for perfection at the all-time high
JFCJollibee Foods CorporationPSEi149.90HoldSellde-rated, but international profitability is unproven
JGSJG Summit Holdings, Inc.PSEi25.00HoldSellreal NAV discount; petrochem debt and thin payout
KEEPRThe Keepers Holdings, Inc.MidCap1.92BuyBuy7.6x with a third of market cap in cash; brand concentration
LTGLT Group, Inc.PSEi14.40BuySell5x earnings, 8.7% covered yield; tobacco and bank concentration
MACMacroAsia CorporationNone3.83HoldSelldon't initiate; trailing cheapness is pre-rent-hike earnings, next catalyst is 2028
MBTMetropolitan Bank & Trust CompanyPSEi, MSCI66.50BuyHoldincome plus value; watch capital ratios and flat profit growth
MEGMegaworld CorporationMidCap2.15BuyBuydeep value vs peers; weak ROE and MREIT complexity temper it
MERManila Electric CompanyPSEi, MSCI585.00HoldSellquality utility at a fair price; rate-reset decision pending
MONDEMonde Nissin CorporationPSEi6.82HoldBuysolid domestic core; Quorn recovery unproven
MREITMREIT, Inc.MidCap13.88BuyHoldincome pick, distributions growing; watch Wave 5 swap pricing
MWCManila Water Company, Inc.MidCap34.90HoldSellreal growth, but a capex supercycle understates true spend
MYNLDMaynilad Water Services, Inc.None19.28BuyHoldstarter position into the August 2026 PSEi catalyst; dividend financed, not cash-earned
NIKLNickel Asia CorporationMidCap3.62HoldSellrebound-year earnings; dividend not FCF-covered
OGPOceanaGold (Philippines), Inc.MidCap31.20HoldSellpeak-gold yield on flat production
PCORPetron CorporationNone2.47HoldSelldon't buy; the capital structure serves SMC and the preferreds
PGOLDPuregold Price Club, Inc.PSEi40.75BuyBuysteady grower, net cash, under 10x earnings
PLUSDigiPlus Interactive Corp.PSEi11.20HoldHoldsub-5x, but the regulatory risk is real and unresolved
PNBPhilippine National BankMidCap59.35HoldHoldimproving, but cheap for a reason; NPLs 1.5x industry average
RCRRL Commercial REIT, Inc.PSEi7.14HoldSellsolid ~6% covered yield at fair value
RLCRobinsons Land CorporationMidCap17.34BuyHolddeep value with the strongest developer balance sheet
SCCSemirara Mining and Power CorporationPSEi20.25HoldSellcoal rebid risk concentrated; prefer DMC for the same bet
SECBSecurity Bank CorporationMidCap63.50HoldSellcheapest bank on the board, but the discount is earned
SEVNPhilippine Seven CorporationMidCap35.00HoldSelldividend raised, rally outran confirmation; Aug 11 Q2 print is the real test
SGPSynergy Grid & Development Phils., Inc.MidCap25.60HoldSellforward ~12.2x is the honest multiple; regulatory risk live
SHLPHShell Pilipinas CorporationNone8.90HoldSelldon't initiate; the cheap trailing multiple is inventory gains, not earning power
SMSM Investments CorporationPSEi, MSCI597.00BuyHoldsteady compounder at ~8x with record buyback running
SMCSan Miguel CorporationPSEi68.00HoldSell0.2x book vs P1.5T debt and record-rate preferred issuance
SMPHSM Prime Holdings, Inc.PSEi, MSCI19.08BuyHoldpatient accumulate
TELPLDT Inc.PSEi, MSCI1,250.00BuySellincome pick; thesis leans on Maya staying profitable
URCUniversal Robina CorporationPSEi61.40HoldHoldleaning constructive; price flat, no trigger fired, Q2 results still pending
WLCONWilcon Depot, Inc.MidCap5.71HoldHoldbottoming signs, but the turnaround is unconfirmed

What's been happening

AC kept buying Ayala Land through the week, adding 2.5457M ALI shares at a P16.046 average on July 16, its priciest tranche of the campaign, while AC's own stock ran up about 6.8% on the week (via InsiderPH). Call stays Hold; the committee hardened to Sell.

ALI jumped 5.72% on July 17 to P17.00, now roughly 35% above its June 11 low, helped along by the parent's third buying tranche on July 16 (via InsiderPH). Recommendation holds at Buy, but the committee flipped to Sell on the fast run-up.

APX is the only headline call to change this week, moving from Hold to Sell as its sell trigger fired: gold slid to about $3,992/oz, 28-29% off its January peak, and the stock finally caught down 5.5% to P12.28 (via Mining.com).

BLOOM rallied about 18% on the week to P2.25 on hype around its FUNaloMAX online platform, which went live July 8 (via InsiderPH). The page still reads it as launch noise rather than confirmed data and keeps the Sell.

BPI posted first-half results on July 16: net income of P32.8B, down 0.4% year on year, with provisions up 84% and NPL coverage rebuilt to nearly 93% (via BusinessWorld). Call unchanged at Hold.

CEB saw jet fuel ease to around $127/bbl from its $200-plus peak, and the Civil Aeronautics Board trimmed the fuel surcharge for the back half of July, nudging Cebu Air close to its buy trigger (via Manila Bulletin). Still Hold pending the August 6 Q2 print.

CNVRG got board approval for a P5B expansion of its share buyback on July 16 (via BusinessWorld). Recommendation stays Buy; the committee eased from Sell to Hold.

FGEN drew an unsolicited, non-binding roughly $5B bid from Indonesia's Barito Renewables for its geothermal arm EDC around July 14-16, and the stock spiked 18.42% to P19.80 on July 16 (via BusinessWorld). A genuine value-unlock catalyst, but the bid is unsigned, so the call holds at Hold.

GLO drew a P10B LandBank loan on July 16, its second large facility of the year after June's P5B from BDO, with first-quarter capex running 51% above last year (via Manila Times). Routine financing; call unchanged at Hold.

GMA7 used its July 17 stockholders' meeting to disclose a three-year GMA Pictures licensing deal with an unnamed global streamer, plus distribution tie-ups with ABS-CBN's Global IPTV and VIU (via GMA News). Terms are undisclosed, so it reads as optionality, not a thesis change; still Hold.

GTCAP picked up an inaugural "A-" issuer rating from Japan Credit Rating Agency on July 15, which pushed the committee from Hold to Buy and aligned it with the page's Buy (via BusinessWorld).

MER had the ERC reject the proposed 200 MW Meralco-San Miguel (Sual) baseload supply deal on July 14, citing Meralco's projected 372 MW surplus (via PhilStar). It is a pass-through supply item, not an earnings hit; call stays Hold.

MYNLD saw the August PSEi-inclusion case firm up, with a mid-July First Metro/DBS study naming Maynilad a strong candidate to replace Converge and analyst targets rising to about P23.72-24.16 (via Bilyonaryo). Still a Buy starter position.

NIKL got confirmation on July 10 that Indonesia will cap 2026 nickel output at 250-260M tons, down from 379M in 2025, and denied the rumored 360M-ton expansion, easing the supply overhang (via Mysteel). Call holds at Hold; the committee softened.

OGP saw parent OceanaGold confirm a US$1.958B plan to extend the Didipio mine to 2037, with its TSX-listed shares falling 7.7% on July 10 on capital-allocation worries (via Reuters). With gold about 28% off its peak, the first leg of the sell trigger tripped; call stays Hold for now.

RRHI had its going-private sell trigger fire in full: trading was suspended July 13 once the Gokongwei block crossed at P48.30, and the PSE pulled RRHI from three indices on July 16 (via PhilStar). The stock is now effectively untradeable ahead of the July 28 delisting.

SCC filed a court petition against the DOE on July 18 to block a demand that Semirara hand proprietary geological data to rival bidders, stacking a second open question on top of the 2027 coal-contract rebid as the stock hit a fresh 52-week low (via PhilStar). Still Hold.

SEVN had management turn openly bullish on the second half at its July 16 meeting and raise the dividend to P1.10/share, driving a 4.95% pop on July 17 (via GMA News). The call stays Hold until the August 11 Q2 print confirms it.

SMC priced a P30B preferred tranche on July 14 at dividend rates up to 8.65%, a program record versus about 7.54% before, with listing set for August 3 (via InsiderPH). Call unchanged at Hold; the committee turned unanimously bearish.

TEL moved its VITRO data-center REIT from plan to a filed SEC registration and PSE listing application, targeting up to P24.2B at up to P11/share with a Q4 2026 goal, and the stock rose about 7.5% on the week (via Inquirer). Still a Buy.