OVERVIEW

Stock Screen
May 31, 2022 to June 07, 2022

07 June 2022 l FMSBC Research

Screen Performance
Sc re e n Wo W YTD S.I .*
Riding the Momentum -0.30% -10.38% 4.00%
Value Play -0.07% 2.45% 18.41%
Yield Seeker 1.04% 13.87% 38.10%
Unloved -0.85% -9.23% -2.89%
PSEi -1.00% -6.74% -1.74%
*Since Inception: November 24, 2016

Riding the Momentum Value Play

20% 20% 20% 20%
15% 15% 15% 15%
10% 10% 10% 10%
5% 5% 5% 5%
0% 0% 0% 0%
-5% -5% -5% -5%
-10% -10% -10% -10%
-15% -15% -15% -15%
-20% -20% -20% -20%

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

20%
Yield Seeker 20%
Unloved
20% 20%
15% 15% 15% 15%
10% 10%
10% 10%
5% 5%
5% 5%
0% 0%
0% 0%
-5% -5%
-5% -5%
-10% -10%
-10% -10%
-15% -15%
-15% -15%
-20% -20%
-20% -20%

Yiel d Seeker PSEi(RHS)

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

Stock Screen Well-established companies with sustained profitability and

07 June 2022 l FMSBC Research high earnings expectations

Converge ICT Solutions , Inc.* S M Inve s tme nts Corp.*

Resist ance: P28.00 Resist ance: P920.00

Target Price Target Price
P/E ratio P/E ratio
P41.00 16.0x P1, 025. 00
19.6x

P24.2
3Y EPS CAGR 3Y EPS CAGR PSE:

P864.0
PSE:

58.9% CNVRG 35.4% SM

YTD % YTD %

-24.1% -8.4%
Support : P24.00
Support : P840.00

Ayala Land, Inc.* BDO Unibank, Inc.*

Target Price Target Price

Resist ance: P137.00
P/E ratio Resist ance: P31.00 P/E ratio
P49.00 20.8x P170.00 16.4x

3Y EPS CAGR 3Y EPS CAGR

P128.3
PSE: PSE:

YTD %
0.4% ALI
P31.0 YTD %
26.2% BDO

-15.7% 7.1%

Support : P26.50 Support : P118.00

Jollibee Foods Corp.* Previous Screen Performance (31 May-07 June 2022)

Resist ance: P220.00

Target Price Last week's stocks
P/E ratio
P289.00 31.8x -1 .00%
CNVRG
PSEi

P203.0
3Y EPS CAGR PSE: -7.1%
65.7% JFC

YTD %
SM
0.2%
BDO
-1.4%
-0.30%
-6.2% W-o-W
JFC ALI
-3.6% 4.6%
Support : P180.00

*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 Stocks that are undervalued by the market but able to
07 June 2022 l FMSBC Research provide high return to shareholders

Aboitiz Power Corp. Robinsons Land Corp.*

Resist ance: P32.00 Resist ance: P20.00

Target Price P/B ratio Target Price P/B ratio

P37.80 1.5x P25.00 0.8x

P31.8
ROE ROE

P19.3
PSE: PSE:

15.1% AP 7.1% RLC

YTD % YTD %

7.1% 0.5%
Support : P28.00 Support : P18.00

Aboit iz Equit y Vent ures, I nc. Puregold Price Club, Inc.*

Target Price
P/B ratio
Resist ance: P55.00 Target Price P/B ratio Resist ance: P38.00
P50.34 1.1x P55.00 1.2x

P53.0
ROE ROE PSE:

P34.0
PSE:

12.8% AEV 11.4% PGOLD

YTD % YTD %

-2.7% -13.6%

Support : P48.00 Support : P32.00

Metropolitan Bank & Trust Co.***

Previous Screen Performance (31 May-07 June 2022)

Resist ance: P58.00 Last week's stocks

Target Price P/B ratio

P68.00 0.7x -1 .00%

AP
PSEi

P54.0
ROE 1.0%
PSE:

1.0% MBT RLC PGOLD

YTD %

-0.5%
1.6% -2.3%
-0.07%
MBT AEV W-o-W
Support : P52.00 -2.0% 1.0%

*FMSBC Target Price

**See Methodology: Portfolio return computation
*** DBS Target Price
TECHNICAL TAGS:

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

Stock Screen Aside from stock price appreciation, these stocks can
07 June 2022 l FMSBC Research generate above-average dividend yields

AREIT Inc.* PLDT Inc.

Resist ance: P2,000.00

Target Price Dividend
Resist ance: P40.00 Target Price Dividend
Yield Yield
P2,150.00 5.4%
P48.00 5.3%
DCR DCR

P40.0
PSE:

P1,932.0
PSE:

125.72 AREI T 108.66 TEL

YTD % YTD %

-17.8% 6.6%

Support : P36.00 Support : P1,600.00

RL Commercial REIT Inc. * Filinvest REIT Corp.*

Resist ance: P7.00

Resist ance: P8.00
Target Price Dividend Target Price Dividend
Yield Yield

P7.52 5.4% P7.72 5.6%

DCR DCR

P6.9 P7.2
PSE: PSE:
120.23 125.00 FI LRT
RCR
YTD % YTD %

-9.3% -2.2%

Support : P6.60 Support : P7.00

Semirara Mining and Power Corp.

Previous Screen Performance (31 May-07 June 2022)

Resist ance: P42.50

Target Price Dividend
Yield
Last week's stocks
P33.60 7.5%
AREIT -1 .00%
DCR PSEi
6.5%

P36.5
PSE:

390.83 SCC
TEL SCC
YTD %

71.0%
-1.5% 9.0% 1.04%
W-o-W
FILRT RCR
Support : P35.00 -1.2% -3.1%

*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
07 June 2022 l FMSBC Research
Stocks that generate high earnings but underrated by the
market

Alliance Global Group, Inc. Robinsons Retail Holdings, Inc.*

Resist ance: P11.50 Resist ance: P59.00

Target Price Target Price
P/E ratio P/E ratio
P14.14 6.2x P83.00 17.4x

P10.9 P50.9
EPS CAGR PSE: EPS CAGR PSE:

36.6% AGI 17.7% RRHI

YTD % YTD %

-7.6% -22.2%
Support : P10.00
Support : P50.00

Megaworld Corp.* Nickel Asia Corp.

Resist ance: P2.80 Resist ance: P7.50

22.2%
Target Price Target Price
P/E ratio P/E ratio
P5.10 8.3x P9.47 7.0x

P2.7 P7.4
EPS CAGR PSE: EPS CAGR PSE:
21.1% MEG
54.0% NI KL
YTD % YTD %

-13.7% 39.8%

Support : P2.50 Support : P6.00

GT Capital Holdings, Inc. Previous Screen Performance (31 May-07 June 2022)

Last week's stocks

Target Price
Resist ance: P620.00
P/E ratio
P756.00 7.2x AGI -1 .00%
0.0% PSEi

P497.0
EPS CAGR PSE:

39.6% GTCAP RRHI GTCAP

-1.8% -3.5%
YTD % -0.85%
-8.0% NIKL MEG W-o-W
4.2% -3.2%
Support : P475.00

*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. Value Play screen

0.90 Qua dra nt De s cription
Quadrant II:
0.80 II I Companies with Low Price- Riding the Momentum I Abo ve average EPS CAGR;
0.70
0.60
FGEN RLC

DMC
to-Book and High Return Abo ve average P.E rat io
on Equity (ROE)
AP
AEV
0.50 Value Play II Belo w average P/B rat io ;
SMC
AGI
SCC BDO JFC
ALI
0.40 AC

0.30
FPH
JGS PLC
MAXS

DNL
Abo ve average ROE
MAC
W…

II
MAH
0.20 FRUIT
GTCAP
GLO Yield Seeker Abo ve average DCR;
0.10
PCOR
EURO ANI BPI
MWC
TEL ISM
URCSM
ICT Abo ve average Div Yield
0.00 FLI BL … PGOLD

IV
MER

-0.10
TECH RRHI
VLL
MWI…
Unloved Abo ve average EPS CAGR;
0.0 ABS 1.0 2.0 3.0 4.0 5.0 6.0
M…MBT SECB
SEVN EMP
MEG SMPH
HLCM
FB Belo w average 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

Disclaimer: All information contained herein is obtained by First Metro Securities from sources believed by it to be
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
no representation or warranty, express or implied, as to the accuracy, timeliness, completeness, merchantability,
or fitness for any particular purpose of any such information. Under no circumstances shall First Metro Securities
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 recommendations1 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.

Research Department
18/F PSBank Center
777 Paseo de Roxas cor. Sedeño St.
Makati City 1226

Phone: (+632) 859-0657

Fax: (+632) 859-0699