As of: 11/20/2020

COL Date of COL Buy Outstanding Market Cap Revenue Revenue Growth
Ticker Company Name Price Rating Update FV Below Shares (Mil) (PhpMil) 2018 2019 2020E 2021E 2018 2019 2020E 2021E
Banks and Financials 1,363,697 456,206 555,478 623,445 600,380 9% 22% 12% -4%
BDO BANCO DE ORO 104.70 BUY 10/28/20 129.00 107.00 4,381 459,012 147,966 180,512 183,142 192,140 15% 22% 1% 5%
BPI BANK OF PHIL ISLANDS 86.10 BUY 10/27/20 81.00 67.50 4,507 388,578 78,524 94,334 103,697 102,351 11% 20% 10% -1%
CHIB CHINA BANKING CORP 25.30 BUY 7/30/20 27.00 21.60 2,686 67,953 22,926 34,482 42,670 40,766 -11% 50% 24% -4%
EW EASTWEST BANKING COR 11.22 BUY 7/30/20 12.10 9.30 2,250 25,245 25,101 28,358 34,597 33,245 0% 13% 22% -4%
MBT METROPOLITAN BANK 47.50 BUY 7/30/20 65.50 54.50 4,497 213,627 91,732 106,051 123,383 113,337 10% 16% 16% -8%
PNB PHIL NATIONAL BANK 29.55 BUY 7/30/20 39.00 30.00 1,526 45,086 38,684 41,112 45,265 43,147 19% 6% 10% -5%
SECB SECURITY BANK CORP 111.50 BUY 7/30/20 164.00 131.00 754 84,020 25,599 33,949 49,585 39,174 2% 33% 46% -21%
UBP UNION BANK OF PHIL 65.80 HOLD 7/30/20 60.00 48.00 1,218 80,175 25,673 36,681 41,106 36,221 2% 43% 12% -12%
Commercial and Industrial 510,186 905,872 890,331 631,328 764,217 21% -2% -29% 21%
ABS ABS-CBN BROADCASTING 11.36 under review 7/30/20 under review under review 872 9,741 40,131 43,664 42,518 45,752 -1% 9% -3% 8%
CEB CEBU AIR INC 49.70 HOLD 9/11/20 42.00 28.00 601 29,836 74,114 84,807 30,210 63,181 9% 14% -64% 109%
CHP CEMEX HOLDINGS PHIL 1.75 HOLD 7/30/20 1.19 0.90 5,738 23,606 23,418 23,596 20,733 22,417 7% 1% -12% 8%
EAGLE EAGLE CEMENT CORP 15.90 HOLD 8/12/20 11.70 9.70 5,000 79,500 16,522 19,824 16,198 20,410 11% 20% -18% 26%
EEI EEI CORPORATION 7.65 HOLD 7/30/20 7.07 5.80 1,036 7,928 22,147 23,582 15,119 21,337 48% 6% -36% 41%
GMA7 GMA NETWORK INC 5.70 BUY 8/18/20 6.35 5.20 3,361 19,158 15,236 16,493 15,004 16,520 -2% 8% -9% 10%
ICT INTL CONTAINER TERM 128.00 BUY 7/30/20 116.37 93.00 1,996 256,355 72,061 77,033 80,883 87,917 15% 7% 5% 9%
IMI INTEGRATED MICRO-ELE 7.57 HOLD 7/30/20 6.00 4.60 2,209 16,785 65,021 65,019 59,964 66,338 18% 0% -8% 11%
MWC MANILA WATER COMPANY 15.42 HOLD 8/17/20 16.70 11.90 2,065 31,840 19,836 21,950 24,071 27,092 7% 11% 10% 13%
PCOR PETRON CORP 3.78 HOLD 8/20/20 3.10 2.40 9,375 35,438 557,386 514,362 326,627 393,254 28% -8% -36% 20%
Conglomerates 3,565,180 3,136,558 3,243,027 2,646,300 3,067,007 16% 3% -18% 16%
AC AYALA CORPORATION 855.00 HOLD 7/30/20 739.00 642.00 627 536,406 274,881 264,904 185,028 237,795 13% -4% -30% 29%
AEV ABOITIZ EQUITY VENTU 46.85 HOLD 7/30/20 38.60 30.80 5,633 263,776 186,943 201,157 175,551 185,937 24% 8% -13% 6%
AGI ALLIANCE GLOBAL 9.93 BUY 7/30/20 12.29 9.80 9,823 96,512 156,785 174,563 126,895 169,367 16% 11% -27% 33%
COSCO COSCO CAPITAL INC 5.38 BUY 8/20/20 10.10 8.00 6,995 38,727 168,388 166,067 193,447 207,957 16% -1% 16% 8%
DMC DMCI HOLDINGS INC 5.55 BUY 7/30/20 8.63 5.70 13,277 73,690 82,843 87,761 65,475 80,480 3% 6% -25% 23%
FPH FIRST PHIL HOLDINGS 66.00 BUY 11/19/20 115.30 88.00 509 33,300 125,587 133,916 134,166 136,470 20% 7% 0% 2%
GTCAP GT CAPITAL HOLDINGS 603.00 BUY 11/18/20 740.00 569.00 215 129,817 215,825 222,940 143,142 196,935 -5% 3% -36% 38%
JGS JG SUMMIT HLDGS 73.50 HOLD 11/16/20 46.70 37.30 7,521 552,792 291,916 301,823 299,804 337,172 7% 3% -1% 12%
LTG LT GROUP INC c 13.74 N/A N/A N/A N/A 10,821 148,686 75,630 94,244 91,859 96,560 19% 25% -3% 5%
MPI METRO PACIFIC INVEST 4.14 BUY 11/6/20 7.05 5.00 31,569 126,969 83,029 73,499 79,687 88,839 60% -11% 8% 11%
SM SM INVESTMENTS CORP 1,050.00 HOLD 11/5/20 827.00 719.00 1,205 1,264,812 449,788 501,652 402,944 483,481 14% 12% -20% 20%
SMC SAN MIGUEL CORP c 126.00 N/A N/A N/A N/A 2,384 299,694 1,024,943 1,020,502 748,302 846,014 24% 0% -27% 13%
Consumer 1,164,275 783,127 865,831 789,744 895,091 11% 11% -9% 13%
CIC CONCEPCION INDUST CO 21.80 BUY 9/1/20 25.60 20.40 407 8,763 14,202 15,066 10,134 14,559 2% 6% -33% 44%
CNPF CENTURY PACIFIC FOOD 17.50 BUY 7/30/20 20.40 17.70 3,542 61,990 37,885 40,560 47,514 49,211 15% 7% 17% 4%
DNL D&L INDUSTRIES INC 7.28 HOLD 11/16/20 6.60 5.20 7,143 52,000 26,543 22,386 22,237 22,843 -4% -16% -1% 3%
EMP EMPERADOR INC 10.08 SELL 11/4/20 6.90 5.50 15,759 160,457 46,346 50,260 50,952 54,328 9% 8% 1% 7%
JFC JOLLIBEE FOODS CORP 195.00 HOLD 7/30/20 129.00 99.00 1,107 216,001 161,199 179,626 120,797 164,062 21% 11% -33% 36%
MAXS MAXS GROUP INC 7.39 BUY 11/17/20 7.80 6.00 1,037 7,666 13,683 14,401 6,904 8,831 8% 5% -52% 28%
MRSGI METRO RETAIL STORES 1.60 BUY 11/19/20 2.10 1.60 3,429 5,487 33,050 36,790 32,279 34,172 -6% 11% -12% 6%
PGOLD PUREGOLD PRICE CLUB 44.00 BUY 10/19/20 48.50 42.10 2,870 126,906 140,918 154,490 161,133 176,638 13% 10% 4% 10%
PIZZA SHAKEY'S PIZZA ASIA VENTU 8.39 HOLD 11/17/20 7.10 5.40 1,531 12,848 7,579 8,239 5,180 7,343 8% 9% -37% 42%
RRHI ROBINSONS RETAIL HLD 69.40 BUY 8/5/20 84.00 70.00 1,576 108,589 132,680 162,916 166,925 181,369 15% 23% 2% 9%
SSI SSI GROUP INC 1.56 BUY 8/19/20 2.40 1.80 3,313 5,146 20,230 22,366 10,674 15,629 10% 11% -52% 46%
URC UNIVERSAL ROBINA COR 151.00 HOLD 10/26/20 147.00 127.00 2,204 332,828 127,770 134,254 131,705 136,148 2% 5% -2% 3%
WLCON WILCON DEPOT INC 16.00 HOLD 7/30/20 16.30 14.10 4,100 65,596 21,041 24,476 23,311 29,958 19% 16% -5% 29%
Gaming 96,007 38,220 46,337 17,609 34,972 16% 21% -62% 99%
BLOOM BLOOMBERY RESORTS CO 8.76 BUY 7/30/20 8.80 7.00 999 96,007 38,220 46,337 17,609 34,972 16% 21% -62% 99%
Mining 110,097 60,616 62,175 51,702 56,181 2% 3% -17% 9%
NIKL NICKEL ASIA CORP 4.36 BUY 7/30/20 3.06 2.30 13,633 59,431 18,648 17,923 14,660 14,920 18% -4% -18% 2%
SCC SEMIRARA MINING 11.92 BUY 7/30/20 25.60 17.00 4,251 50,667 41,969 44,252 37,041 41,261 -4% 5% -16% 11%
Power 725,710 313,821 322,778 302,738 289,016 11% 3% -6% -5%
AP ABOITIZ POWER CORP 27.30 BUY 11/6/20 33.50 26.80 7,359 200,890 131,572 125,635 111,881 119,151 10% -5% -11% 6%
FGEN FIRST GEN CORP 28.50 HOLD 11/19/20 25.30 20.20 3,581 102,541 103,839 112,771 112,652 113,816 21% 9% 0% 1%
MER MANILA ELECTRIC CO 304.20 HOLD 10/27/20 275.70 220.00 1,127 342,863 63,287 69,066 61,874 38,447 4% 9% -10% -38%
ACEN AC ENERGY PHIL INC 5.80 HOLD 11/16/20 3.29 2.60 7,522 79,416 15,123 15,307 16,331 17,602 -11% 1% 7% 8%
Property 2,022,421 410,716 447,388 295,509 377,984 19% 9% -34% 28%
ALI AYALA LAND INC 40.00 BUY 11/9/20 38.30 30.60 14,720 589,216 162,997 165,740 89,196 130,553 22% 2% -46% 46%
FLI FILINVEST LAND INC 1.03 BUY 7/30/20 1.25 1.00 24,250 24,977 20,012 24,022 13,879 18,481 10% 20% -42% 33%
MEG MEGAWORLD CORP 3.95 BUY 7/30/20 3.70 2.90 32,222 126,206 53,820 63,641 44,955 57,671 14% 18% -29% 28%
RLC ROBINSONS LAND 16.74 BUY 11/9/20 19.00 15.20 5,194 86,945 29,545 30,584 33,305 32,158 31% 4% 9% -3%
SMPH SM PRIME HOLDINGS 39.50 HOLD 10/27/20 31.00 24.80 28,879 1,140,730 104,081 118,311 85,947 103,729 14% 14% -27% 21%
VLL VISTA LAND & LIFESCP 4.28 BUY 7/30/20 4.64 3.70 11,946 54,347 40,261 45,090 28,227 35,392 21% 12% -37% 25%
Telecoms 565,442 316,037 335,847 349,563 373,047 7% 6% 4% 7%
GLO GLOBE TELECOM INC 2,008.00 HOLD 7/30/20 2,250.00 1,956.00 133 267,933 151,173 166,660 168,343 176,587 12% 10% 1% 5%
TEL PH LONG DISTANCE TEL 1,377.00 BUY 7/30/20 1,680.00 1,460.00 216 297,509 164,864 169,187 181,220 196,460 3% 3% 7% 8%
MARKET 10,012,918 6,360,557 6,707,018 5,656,237 6,401,714 15% 5% -16% 13%
PSEi 9,090,366 4,870,777 5,184,402 4,397,872 4,973,586 15% 6% -15% 13%
PSEi ex-TEL, GLO 8,524,924 4,554,740 4,848,554 4,048,308 4,600,539 15% 6% -17% 14%

* Source: Bloomberg
c
Consensus Forecast
 Net Income Net Income Growth EPS EPS Growth P/E (x) PEG P/BV ROE Div Yield
Ticker 2018 2019 2020E 2021E 2018 2019 2020E 2021E 2018 2019 2020E 2021E 2018 2019 2020E 2021E 2018 2019 2020E 2021E 2020E 2020E 2020E 2020E
115,802 151,172 113,650 128,722 7% 31% -25% 13% -3% 27% -24% 14% 11.9 9.3 12.4 10.8 0.9 7.9 1.9%
BDO 32,708 44,194 29,460 38,073 17% 35% -33% 29% 7.40 10.02 6.65 8.61 15% 35% -34% 30% 14.1 10.5 15.8 12.2 0.0 1.2 7.7 1.1%
BPI 23,078 28,803 22,273 23,119 3% 25% -23% 4% 5.29 6.40 4.94 5.13 -7% 21% -23% 4% 16.3 13.5 17.4 16.8 0.0 1.4 8.1 2.1%
CHIB 8,110 10,069 10,970 10,060 8% 24% 9% -8% 3.02 3.75 4.08 3.75 2% 24% 9% -8% 8.4 6.7 6.2 6.8 0.0 0.6 10.9 3.5%
EW 4,508 6,242 5,628 5,960 -11% 38% -10% 6% 2.00 2.77 2.50 2.65 -11% 38% -10% 6% 5.6 4.0 4.5 4.2 0.0 0.5 10.8 0.0%
MBT 22,008 28,055 19,661 27,019 21% 27% -30% 37% 5.05 6.24 4.37 6.01 -12% 24% -30% 37% 9.4 7.6 10.9 7.9 0.0 0.7 6.2 2.1%
PNB 9,465 9,681 6,578 6,494 16% 2% -32% -1% 7.58 6.98 4.31 4.26 16% -8% -38% -1% 3.9 4.2 6.9 6.9 0.0 0.3 4.7 0.0%
SECB 8,609 10,102 8,471 9,042 -16% 17% -16% 7% 11.42 13.41 11.24 12.00 -16% 17% -16% 7% 9.8 8.3 9.9 9.3 0.0 0.7 7.0 2.7%
UBP 7,316 14,026 10,611 8,956 -13% 92% -24% -16% 6.01 11.52 8.71 7.36 -24% 92% -24% -16% 10.9 5.7 7.6 8.9 0.0 0.9 12.3 2.9%
35,735 34,659 11,879 42,144 -28% -3% -66% 255% -28% -3% -54% 239% 18.8 19.3 42.3 12.5 1.3 9.5 2.2%
ABS 2,110 3,098 2,187 3,160 -37% 47% -29% 45% 2.56 3.76 2.65 3.84 -37% 47% -29% 45% 4.4 3.0 4.3 3.0 4.3 0.2 7.2 7.0%
CEB 3,923 9,123 -11,136 1,251 -50% 133% -222% -111% 6.50 15.22 -18.55 2.08 -50% 134% -222% -111% 7.6 3.3 (2.7) 23.9 0.0 0.9 (28.3) 0.0%
CHP -556 818 427 1,122 -187% -247% -48% 162% -0.18 0.25 0.03 0.08 -250% -239% -87% 162% (9.7) 7.0 55.2 21.0 0.0 0.6 1.2 0.0%
EAGLE 4,329 5,835 4,104 5,564 2% 35% -30% 36% 0.92 1.17 0.79 1.08 8% 27% -33% 37% 17.3 13.6 20.2 14.8 0.0 2.2 10.7 2.1%
EEI 529 1,155 -1,052 955 -37% 118% -191% -191% 0.51 1.11 -1.01 0.92 -37% 118% -191% -191% 15.0 6.9 (7.5) 8.3 0.8 1.1 (13.1) 2.6%
GMA7 2,305 2,618 2,241 2,766 -9% 14% -14% 23% 0.47 0.54 0.46 0.57 -10% 15% -14% 23% 12.1 10.6 12.4 10.0 4.5 2.7 22.5 5.3%
ICT 11,518 5,219 13,425 16,138 25% -55% 157% 20% 4.06 1.14 5.19 7.97 17% -72% 356% 54% 31.6 112.4 24.7 16.1 0.1 2.8 14.4 2.6%
IMI 2,454 -405 -211 537 43% -116% -48% -355% 1.14 -0.18 -0.10 0.24 26% -116% -48% -355% 6.6 (41.3) (79.2) 31.1 0.0 0.8 (1.1) 0.0%
MWC 6,524 5,496 6,237 7,355 6% -16% 13% 18% 2.64 2.21 2.51 2.97 6% -16% 14% 18% 5.8 7.0 6.1 5.2 0.4 0.5 10.5 0.0%
PCOR 2,601 1,701 -4,342 3,296 -80% -35% -355% -176% 0.28 -0.17 -0.48 0.34 -68% -161% 181% -170% 13.6 (22.2) (7.9) 11.3 0.0 0.6 (4.9) 2.6%
222,570 274,216 148,640 209,537 1% 23% -46% 41% 0% 24% -44% 40% 17.5 14.1 25.2 17.9 1.5 6.1 1.0%
AC 31,818 35,279 18,647 25,082 5% 11% -47% 35% 49.29 54.88 26.43 36.82 6% 11% -52% 39% 17.3 15.6 32.3 23.2 0.0 1.6 5.6 0.7%
AEV 22,233 22,036 12,338 18,677 3% -1% -44% 51% 3.95 3.91 2.19 3.32 3% -1% -44% 51% 11.9 12.0 21.4 14.1 0.0 1.5 6.8 2.8%
AGI 15,122 17,722 9,730 13,639 0% 17% -45% 40% 1.53 1.76 0.97 1.35 1% 15% -45% 39% 6.5 5.6 10.2 7.4 0.0 0.5 5.3 1.0%
COSCO 5,548 11,597 5,668 6,666 13% 109% -51% 18% 0.76 1.60 0.78 0.92 10% 111% -51% 18% 7.1 3.4 6.9 5.9 0.0 0.5 7.7 3.3%
DMC 14,513 10,533 6,906 11,044 -2% -27% -34% 60% 1.09 0.79 0.52 0.83 -2% -27% -34% 60% 5.1 7.0 10.7 6.7 4.5 0.9 6.3 3.7%
FPH 10,281 12,583 8,293 8,565 76% 22% -34% 3% 18.33 22.43 14.78 15.27 76% 22% -34% 3% 3.6 2.9 4.5 4.3 0.0 0.3 6.9 3.0%
GTCAP 13,390 20,309 8,376 14,534 -6% 52% -59% 74% 59.46 85.65 36.17 64.77 -16% 44% -58% 79% 10.1 7.0 16.7 9.3 0.0 0.7 4.3 0.5%
JGS 19,186 31,285 24,677 35,511 -35% 63% -21% 44% 2.73 4.46 3.52 5.06 -37% 63% -21% 44% 26.9 16.5 20.9 14.5 3.2 1.7 8.1 0.4%
LTG 16,195 23,118 21,091 24,931 50% 43% -9% 18% 1.50 2.14 1.95 2.30 50% 43% -9% 18% 9.2 6.4 7.0 6.0 0.0 0.7 11.0 4.1%
MPI 14,130 23,856 10,896 13,298 7% 69% -54% 22% 0.45 0.76 0.35 0.42 8% 69% -54% 22% 9.2 5.5 11.9 9.8 0.0 0.7 5.5 2.7%
SM 37,078 44,568 22,482 31,150 13% 20% -50% 39% 30.78 37.00 18.66 25.86 13% 20% -50% 39% 34.1 28.4 56.3 40.6 0.0 3.2 5.8 0.5%
SMC 23,077 21,329 -464 6,440 -18% -8% -102% -1488% 6.61 5.93 -0.20 2.71 -25% -10% -103% -1490% 19.1 21.2 (646.2) 46.5 0.0 0.9 0.9 1.1%
47,626 45,638 21,147 45,792 6% -4% -54% 117% 7% -6% -68% 202% 25.0 26.6 83.0 27.5 3.0 1.0 1.4%
CIC 913 947 284 739 -7% 4% -70% 160% 2.25 2.35 0.70 1.83 -7% 4% -70% 160% 9.7 9.3 31.0 11.9 0.0 1.7 5.4 3.2%
CNPF 2,834 3,149 4,067 4,444 11% 11% 29% 9% 0.80 0.89 1.15 1.25 11% 11% 29% 9% 21.9 19.7 15.2 14.0 0.8 2.8 19.6 1.5%
DNL 3,187 2,620 1,949 2,531 10% -18% -26% 30% 0.45 0.37 0.27 0.35 9% -18% -26% 30% 16.3 19.8 26.7 20.5 0.0 3.0 13.9 3.0%
EMP 6,658 6,726 7,796 8,061 5% 1% 16% 3% 0.41 0.42 0.48 0.50 6% 3% 14% 3% 24.4 23.8 20.8 20.2 2.4 2.4 0.1 1.6%
JFC 8,330 6,432 -13,009 4,171 20% -23% -302% -132% 7.66 5.89 -11.86 3.80 19% -23% -301% -132% 25.4 33.1 (16.4) 51.3 0.8 5.8 (29.0) 1.1%
MAXS 620 721 -1,277 -581 -1% 16% -277% -55% 0.79 0.92 -1.64 -0.74 -2% 16% -278% -55% 9.4 8.0 (4.5) (9.9) - 1.3 (13.8) 2.3%
MRSGI 965 775 -436 134 -1% -20% -156% -131% 0.21 0.23 -0.13 0.04 -25% 8% -156% -131% 7.6 7.1 (12.6) 40.8 0.2 0.6 (2.6) 0.0%
PGOLD 6,520 6,773 6,840 7,376 19% 4% 1% 8% 2.36 2.40 2.37 2.56 19% 2% -1% 8% 18.7 18.4 18.6 17.2 5.6 1.9 12.3 1.0%
PIZZA 843 865 -407 596 11% 3% -147% -246% 0.55 0.57 -0.27 0.39 10% 3% -147% -246% 15.2 14.8 (31.6) 21.6 1.9 2.9 10.7 1.2%
RRHI 5,107 3,919 3,815 4,412 3% -23% -3% 16% 3.65 2.49 2.42 2.80 2% -32% -3% 16% 19.0 27.9 28.7 24.8 4.7 1.7 5.5 0.9%
SSI 608 815 -741 242 121% 34% -191% -133% 0.18 0.25 -0.22 0.07 130% 34% -191% -133% 8.5 6.3 (7.0) 21.4 0.2 0.5 (6.7) 0.0%
URC 9,204 9,772 10,798 11,481 -15% 6% 10% 6% 4.18 4.43 4.90 5.21 -15% 6% 10% 6% 36.2 34.1 30.8 29.0 3.7 3.5 11.4 1.9%
WLCON 1,835 2,125 1,467 2,186 32% 16% -31% 49% 0.45 0.52 0.36 0.53 21% 16% -31% 49% 35.7 30.9 44.7 30.0 31.5 4.2 9.5 0.0%
7,188 10,275 -6,087 2,859 18% 43% -159% -147% 18% 38% -162% -145% 13.5 9.7 -15.6 35.0 2.5 -14.6 1.1%
BLOOM 7,188 10,275 -6,087 2,859 18% 43% -159% -147% 0.65 0.90 -0.56 0.25 18% 38% -162% -145% 13.5 9.7 (15.6) 35.0 0.3 2.5 (14.6) 1.1%
15,033 12,364 7,609 11,024 -11% -18% -38% 45% -23% -17% -36% 42% 8.0 9.7 15.1 10.6 1.4 9.5 3.2%
NIKL 3,008 2,685 2,845 3,383 9% -11% 6% 19% 0.22 0.20 0.21 0.25 -39% -11% 6% 19% 19.8 22.2 21.0 17.6 1.7 1.8 8.8 2.2%
SCC 12,025 9,679 4,764 7,641 -15% -20% -51% 60% 2.82 2.27 1.12 1.79 -15% -20% -51% 60% 4.2 5.2 10.7 6.6 0.0 1.1 10.5 4.7%
55,667 57,634 46,389 56,388 16% 4% -20% 22% 24% 7% -28% 16% 11.7 10.9 15.1 12.9 1.6 14.4 3.5%
AP 21,708 19,363 10,071 17,583 6% -11% -48% 75% 2.95 2.63 1.37 2.39 6% -11% -48% 75% 9.3 10.4 19.9 11.4 0.0 1.5 7.8 4.8%
FGEN 11,502 15,403 12,531 12,794 65% 34% -19% 2% 2.82 3.95 3.00 3.17 97% 40% -24% 6% 10.1 7.2 9.5 9.0 0.0 0.8 7.4 1.9%
MER 23,017 23,285 19,684 19,302 13% 1% -15% -2% 20.42 20.66 17.47 17.13 13% 1% -15% -2% 14.9 14.7 17.4 17.8 0.0 3.7 21.1 3.4%
ACEN -560 -417 4,103 6,709 -258% -26% -1084% 64% -0.11 -0.06 0.55 0.21 -257% -50% -1084% -62% (52.7) (104.6) 10.6 28.2 0.0 19.4 23.1 0.0%
100,981 114,555 54,455 77,070 17% 13% -52% 42% 15% 13% -56% 45% 19.9 17.6 39.6 27.3 2.1 5.5 1.4%
ALI 29,241 33,188 9,384 17,733 16% 13% -72% 89% 1.99 2.25 0.64 1.20 16% 13% -72% 89% 20.1 17.7 62.8 33.2 0.0 2.8 4.4 1.4%
FLI 5,894 6,284 3,383 4,658 4% 7% -46% 38% 0.24 0.26 0.14 0.19 6% 7% -46% 36% 4.2 4.0 7.4 5.4 0.0 0.3 6.2 6.1%
MEG 15,219 17,098 11,917 15,225 16% 12% -30% 28% 0.48 0.54 0.35 0.44 16% 13% -35% 26% 8.2 7.3 11.3 9.0 0.0 0.7 7.8 1.8%
RLC 8,216 8,686 6,376 6,913 40% 6% -27% 8% 1.62 1.67 1.23 1.33 13% 3% -26% 8% 10.3 10.0 13.6 12.6 0.0 0.8 6.3 3.0%
SMPH 32,173 38,086 18,316 24,812 17% 18% -52% 35% 1.11 1.32 0.63 0.86 16% 19% -52% 35% 35.6 29.9 62.3 46.0 0.0 3.5 6.0 0.9%
VLL 10,238 11,213 5,079 7,729 16% 10% -55% 52% 0.79 0.87 0.39 0.60 15% 10% -55% 54% 5.4 4.9 11.0 7.1 0.0 0.5 7.2 6.1%
37,599 49,531 48,521 52,921 32% 32% -2% 9% 57% 7% -1% 13% 13.9 13.0 13.1 11.7 2.6 20.9 5.3%
GLO 18,626 22,451 21,449 22,808 23% 21% -4% 6% 136.10 164.49 161.25 171.46 39% 21% -2% 6% 14.8 12.2 12.5 11.7 5.9 3.0 25.3 5.2%
TEL 18,973 27,080 27,072 30,113 41% 43% 0% 11% 101.52 103.96 102.83 118.29 65% 2% -1% 15% 13.6 13.2 13.4 11.6 2.0 2.5 19.3 5.3%
623,168 737,680 438,594 615,433 5% 18% -41% 40% 3% 17% -40% 40% 16.6 14.1 23.6 16.8 1.6 7.0 1.7%
526,344 614,945 374,922 513,341 8% 17% -39% 37% 402 467 282 395 6% 16% -40% 40% 17.8 15.4 25.4 18.2 1.7 6.8 1.6%
488,745 565,414 326,401 460,420 6% 16% -42% 41% 3% 17% -43% 44% 18.2 15.6 27.1 18.8 1.7 5.9 1.4%

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Securities recommendations and opinions offered by COL Financial Group, Inc. are subject to investment risks including the possible loss of the principle amount invested. Although information has been obtained from and is based upon sources we believe to be reliable, we do not guarantee its accuracy and it may
be incomplete or condensed. All opinions and estimates constitute the judgment of COL's Equity Research Departments as of the date of the report and are subject to change without notice. This report is for informational purposes only and is not intended as an offer or solicitation for the purchase or sale of a
security. COL Financial and/or its employees may have investments in securities or derivatives of the companies mentioned in this report and may trade them in ways different from those discussed.