OVERVIEW

Stock Screen
March 20, 2018 to March 27, 2018

27 March 2018 l FMSBC Research

Screen Performance
Sc re e n Wo W YTD* * S.I .*
Riding the Momentum 0.11% -4.10% 22.58%
Value Play -0.47% -9.94% -5.92%
Yield Seeker 0.31% -6.63% 6.31%
Unloved 2.04% 4.33% 20.36%
PSEi -0.16% -7.76% 17.08%
*Since Inception: November 24, 2016
**YTD: December 19, 2017 (last report for 2017)

Riding the Momentum Value Play

6% 6% 10% 6%
5% 5%
4% 4% 5% 4%
3% 3%
2% 2%
2% 0%
1% 1%
0%
0% 0%
-5%
-1% -1%
-2%
-2% -2%
-10% -3%
-4% -3%
-4% -4%
-6% -5% -15% -5%

Riding the Momentum PSEi(RHS) Value Play PSEi(RHS)

8%
Yield Seeker 6% 8% Unloved 6%
5% 5%
6%
4% 6%
4%
4%
3%
4% 3%
2% 2%
2%
1% 2% 1%
0%
0%
0% 0%
-2% -1%
-1%
-2% -2%
-4% -2%
-3%
-6%
-3%
-4%
-4%
-4%
-8% -5%
-6% -5%

Yiel d Seeker PSEi(RHS)

Unloved PSEi(RHS)
 RIDING THE MOMENTUM
High Growth (EPS CAGR), High Price–to–Earnings Ratio (PE)

Stock Screen
27 March 2018 l FMSBC Research
Well-established companies with sustained profitability and
high earnings expectations

Megawide Construction Corp.* Jollibee Foods Corp.*

Resist ance: P21.46 Resist ance: P305.00

Target Price Target Price
P/E ratio P/E ratio
P21.30 20.1x P289.00 39.2x

P20.5
EPS CAGR PSE: EPS CAGR PSE:

YTD %
27.7% MWI DE
Last Price as of 27 Mar 2018 YTD %
17.7% JFC
P294.4Last Price as of 27 Mar 2018

13.6% 16.4%

Support : P19.29 Support : P280.00

Wilcon Depot Inc. Int ernat ional Cont ainer T erminal Serv ices, Inc.

Target Price
Resist ance: P11.70 Target Price
Resist ance: P110.00
P/E ratio P/E ratio
P11.90 30.8x P115.00 20.7x

EPS CAGR PSE: EPS CAGR PSE:

P11.0 P100.9
20.3% WLCON 99.5% I CT

YTD % YTD %
Last Price as of 27 Mar 2018 Last Price as of 27 Mar 2018
32.4% -4.4%

Support : P10.50 Support : P95.88

Bloomberry Resorts Corp.

Previous Screen Performance (20 Mar-27 Mar 2018)

Resist ance: P14.85

Target Price Last week's stocks
P/E ratio
P13.25 18.1x
MW IDE -0. 16%
0.0% PSEi
EPS CAGR PSE:

YTD %
89.2% BLOOM
P14.3
Last Price as of 27 Mar 2018
JFC
2.9%
ICT
-4.2% 0.11%
w-o-w**
31.6%
ALI W LCON
0.2% -0.7%
Support : P13.61

*FMSBC Target Price

**See Methodology: Portfolio return computation
Source of data: FMSBC, TR Eikon, TFT
TECHNICAL TAGS:

Consolidation Consolidation
Uptrend Downtrend
w/ upward bias w/ downward bias
 VALUE PLAY
Low Price-to-Book, High Return on Equity (ROE)

Stock Screen
27 March 2018 l FMSBC Research
Stocks that are undervalued by the market but able to
provide high return to shareholders

Megaworld Corp.* Alliance Global Group, Inc.

Resist ance: P4.95 Target Price

Resist ance: P13.71
Target Price P/B ratio P/B ratio

P6.00 1.1x P17.35 0.8x

ROE ROE

P13.1
PSE: PSE:

P4.6
9.4% MEG 10.4% AGI
YTD % YTD % Last Price as of 27 Mar 2018
Last Price as of 27 Mar 2018

-10.3% -18.3%

Support : P4.60 Support : P12.65

First Gen Corp. Robinsons Land Corp.

Target Price
Resist ance: P18.70 Target Price P/B ratio
Resist ance: P20.85
P/B ratio
P 21.20
0.7x P 29.00 1.0x

ROE PSE: ROE PSE:

P16.8 P20.2
12.2% FGEN 10.4% RLC

YTD % YTD %
Last Price as of 27 Mar 2018
Last Price as of 27 Mar 2018
-1.2% -1.9%

Support : P14.40 Support : P18.90

Vista Land & Lifescapes, Inc. Previous Screen Performance (20 Mar-27 Mar 2018)

Target Price P/B ratio

Resist ance: P6.50 Last week's stocks
P 7.00 1.0x MEG
-1.9% -0. 16%
ROE
PSE: PSEi

P6.3
11.1% VLL
AGI RLC
YTD %
Last Price as of 27 Mar 2018
-5.1% 4.6%
-0.47%
5.2% w-o-w**
VLL FGEN
-1.2% 2.4%
Support : P5.80
*FMSBC Target Price
**See Methodology: Portfolio return computation
Source of data: FMSBC, TR Eikon, TFT
TECHNICAL TAGS:

Consolidation Consolidation
Uptrend Downtrend
w/ upward bias w/ downward bias
 YIELD SEEKER
High Dividend Yield, High Dividend Coverage Ratio (DCR)

Stock Screen
27 March 2018 l FMSBC Research
Aside from stock price appreciation, these stocks can
generate above-average dividend yields

Globe Telecom, Inc. PLDT Inc.

Resist ance: P1,790.50 Dividend

Resist ance: P1,599.50
Dividend Target Price
Target Price Yield
Yield
P 2,050.00
5.5% P 1,650.00 4.8%

DCR PSE:
DCR PSE:

120.01 GLO
P1,589.0 128.96 TEL P1,472.0
YTD % YTD %
Last Price as of 27 Mar 2018 Last Price as of 27 Mar 2018

-16.4% -0.5%

Support : P1,469.40 Support : P1,389.40

Pilipinas Shell Petroleum Corp. Manila Electric Company*

Dividend
Resist ance: P58.20 Dividend
Resist ance: P334.90
Target Price Target Price
Yield Yield
P70.00 6.2% P352.00 4.7%
DCR DCR PSE:

P54.7
PSE:

P328.0
289.91 402.88 MER
SHLPH
YTD % YTD %
Last Price as of 27 Mar 2018
-10.4% 0.9% Last Price as of 27 Mar 2018

Support : P54.30 Support : P315.40

Semirara Mining and Power Corp.

Previous Screen Performance (20 Mar-27 Mar 2018)
Resist ance: P34.00
Target Price Dividend
Yield
Last week's stocks
P42.83 4.7%
GLO -0. 16%
DCR
PSE: -0.1% PSEi

YTD %
146.38 SCC
P30.6
Last Price as of 27 Mar 2018
TEL
0.8%
SCC
2.9% 0.31%
-16.8% w-o-w**
AP SHLPH
2.6% -10.1%
Support : P29.55

*FMSBC Target Price

**See Methodology: Portfolio return computation
Source of data: FMSBC, TR Eikon, TFT
TECHNICAL TAGS:

Consolidation Consolidation
Uptrend Downtrend
w/ upward bias w/ downward bias
 UNLOVED
High growth (EPS CAGR), Low Price-to-Earnings Ratio (PE)

Stock Screen
27 March 2018 l FMSBC Research
Stocks that generate high earnings but underrated by the
market

LT Group, Inc. San Miguel Corp.

Target Price
Resist ance: P22.04 Resist ance: P151.93
P/E ratio Target Price
P/E ratio
P23.50 15.5x P162.00 11.7x

P18.8
EPS CAGR PSE:

P142.5
EPS CAGR PSE:
24.6% LTG 68.0% SMC
YTD %
Last Price as of 27 Mar 2018 YTD %
0.6%
Last Price as of 27 Mar 2018

27.7%

Support : P18.16 Support : P132.83

Semirara Mining and Power Corp.

Previous Screen Performance (20 Mar-27 Mar 2018)

Resist ance: P34.00 Last week's stocks

Target Price
P/E ratio
P42.83 8.2x LTG
-2.3% -0. 16%
PSEi

P30.6
EPS CAGR PSE:

23.0%

YTD %
SCC BLOOM
3.8%
SMC
3.7% 2.04%
Last Price as of 27 Mar 2018
w-o-w**
-16.8% SCC
2.9%
Support : P29.55

*FMSBC Target Price

**See Methodology: Portfolio return computation
Source of data: FMSBC, TR Eikon, TFT
TECHNICAL TAGS:

Consolidation Consolidation
Uptrend Downtrend
w/ upward bias w/ downward bias
 Stock Screen

Methodology
Our stock selection process is limited to the top 50 most actively traded stocks (daily value turnover) listed in the
Philippine Stock Exchange. We screened our stock picks in a two-step process:

1.We plot the selected financial metrics of the stocks in a scattered graph for each screen. Data are generated
from Thomson Reuters Eikon and Technistock.

X - ax is Y - ax is

Riding the Momentum EPS CA GR P/E rat io

V alue Play P/B Rat io ROE

Div idend
Yield Seeker Div idend Y ield
Cov erage rat io

Unlov ed EPS CA GR P/E rat io

2.The average of each financial metric will be used to create the four new quadrants. In each screen, we pick the
top 5 stocks that are distant from the intersection of the new axes within their respective quadrants.

e.g. Yield Seeker screen

Quadrant Desc ript ion
12.0
A bov e av erage EPS CA GR;
Riding the Momentum II
10.0 NIKL
Quadrant II: A bov e A v erage P/E rat io

8.0 TEL SCC Companies with above average Below av erage P/B rat io;
V alue Play I
6.0
GLO Dividend Yield and Dividend A bov e av erage ROE
DMC
MWC Coverage ratio
4.0
AEV
A bov e av erage DCR; A bov e
MER Yield Seeker II
CEB AP
BPI AGI
av erage Div idend Y ield
2.0 SMPH
ICT
MEG ALISMRLC MBT MPI
URC LTG JFC
AC BDO
RRHI SECB
GTCAP JGS A bov e av erage EPS CA GR;
0.0 CHP
BLOOM
FNI Unlov ed IV
0.0 500.0 1000.0 1500.0 2000.0 2500.0 3000.0 Below A v erage P/E rat io

Portfolio return computation

Market-Capitalization Weighted index was used to calculate the week-on-week return of the screen by treating
each screen as a portfolio with a starting fund value of P10,000. Indexing each screen allows us to gauge our
stock picks’ performance as a portfolio. The rebalancing of each portfolio takes place every week under the
process stated above (Methodology).

1Market-Capitalization Weighted index – the weight of each stock in a portfolio is determined by dividing the
stock’s market capitalization by the sum of the market capitalization of all securities in the index.

1Mcmillan, M.G et al. (2011). Investments: Principles of Portfolio and Equity Analysis. New Jersey: John Wiley & Sons
 Stock Screen

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accurate and reliable. Because of the possibility of human or mechanical error as well as other factors, however,
the information is provided “as is” without warranty of any kind and First Metro Securities, in particular, makes
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have any liability to any person or entity for any loss or damage in whole or in part caused by, resulting from, or
relating to, any error (negligent or otherwise) or other circumstance or contingency within or outside the control
of First Metro Securities. The information contained herein is, and must be construed solely as, statements of
opinion and not statements of fact or recommendations to purchase, sell, or hold any securities. This document,
and any opinion contained herein, must be weighed solely as one factor in any investment decision made by or
on behalf of any user of the information contained herein, and each such user must accordingly make his/her
own study and evaluation of each security and of each issuer that it may consider purchasing, selling, or holding.

First Metro Securities Brokerage Corp.

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Makati City 1226

Phone: (+632) 859-0657

Fax: (+632) 859-0699