1.
CITISECONLINE.COM, INC. PHILIPPINE EQUITY RESEARCH
Strategy Report
April Lee-Tan, CFA
COL HEAD OF RESEARCH
Recommended april.tan@citiseconline.com
10 MAY 2011 + 632 636 5411
Stock List for EIP
The New and Expanded Stock List for EIP is a selection of Premium Growth Stocks carefully selected by
the COL Research Team that represents listed companies that will continue drive shareholder value in the
long-term.
EIP List of Companies
INCLUSION PRICE AS OF
COMPANY NAME DATE INCLUSION NOTES
DATE
Ayala Corp. A holding company for diversified interests in
AC (CONGLOMERATES) 18-Feb-11 Php 335.00 banking (BPI), real estate (ALI), and utilities/water
* NEW distribution (MWC).
ALI Ayala Land, Inc.
01-Aug-08 Php 10.00 Largest and most experienced real estate developer
(PROPERTY)
Aboitiz Power Corp. Leading player in the Philippine power industry –
AP (POWER) 18-Feb-11 Php 28.30 power generation and distribution in Visayas and
* NEW Mindanao.
Banco De Oro One of the largest full-service universal banks with a
BDO (BANK) 18-Feb-11 Php 47.90 corporate, retail, investment banking and insurance
* NEW broking.
One of the largest Philippine universal banks with
more than 800 branches in the Philippines, Hong
Bank of Philippine Kong, Italy, and the US. It provides commercial and
BPI Islands 01-Aug-08 Php 42.00 consumer banking services, asset management and
(BANK) trust services, mutual funds, electronic banking, and
brokerage services and investment banking
services.
Holding company with businesses engaged in
general construction (DMCI), equity investments in
DMCI Holdings, Inc. infrastructure projects (PDI), heavy fabrication,
DMC (INFRASTRUCTURE) 18-Feb-11 Php 34.00 industrial construction and engineering services
* NEW
(AG&P) and exploration, mining, development and
sales of coal resources (SCC).
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2.
CITISECONLINE.COM, INC. PHILIPPINE EQUITY RESEARCH
Strategy Report
A pioneer in geothermal energy industry involved in
PNOC Energy
the exploration and production of water-based
EDC Development Corp. 18-Feb-11 Php 5.72 steam power to generation of electricity for
(POWER) * NEW commercial use.
Int’l Container
Engaged in the management, operation and
ICT Terminal Services 18-Feb-11 Php 42.00 development of container terminals in Asia, Europe,
(PORT OPERATIONS) Middle East, Africa and the Americas
* NEW
Develops, operates and franchises quick-service
restaurants in the Philippines and overseas under
JFC Jollibee Foods Corp.
01-Aug-08 Php 36.50 the brand name Jollibee, Chowking, Greenwich,
(CONSUMER)
Delifrance, Manong Pepe's and Red Ribbon
Bakeshop, Inc.
One of the largest Philippine banks providing
Metropolitan Bank deposit products, loans and trade finance, domestic
MBT & Trust 18-Feb-11 Php 59.85 and foreign fund transfers, treasury, foreign
(BANK) * NEW exchange, trading and remittances and trust
services.
Metro Pacific
Holding company for investments in real estate and
MPI Investments 18-Feb-11 Php 3.63 infrastructure projects such as water utilities, toll
(INFRASTRUCTURE) operations, healthcare, power, port, and others.
* NEW
Holds exclusive rights for water delivery, sewerage
Manila Water
and sanitation services under a 25-year concession
MWC Company 01-Aug-08 Php 15.00 agreement to 6Million residential, commercial and
(UTILITIES) industrial customers.
SM Investments The holding company of the SM Group of
Corp. Companies engaged shopping mall development,
SM 18-Feb-11 Php 475.40
(CONGLOMERATES) retail, financial services, real estate development
* NEW and tourism and hotels and conventions.
Engaged in developing and operating modern
SMPH SM Prime Holdings
01-Aug-08 Php 10.78 shopping centers with over 40 SM Supermalls in the
(PROPERTY)
Philippines and three SM supermalls in China.
Leading telecommunications provider in the
Philippine Long
Philippines with three principal business groups -
TEL Distance Tel. Co. 01-Aug-08 Php 2,300.00 fixed line, wireless, and information and
(TELECOM)
communication technology.
Universal Robina
Leading branded convenience food and beverage
URC Corp. 18-Feb-11 Php 34.15 company in the Philippines, and a major player in
(CONSUMER) the Southeast Asian region and greater China.
* NEW
* Criteria used for EIP Stock Selection – Growing Industry / Earnings Visibility / Management Credibility / Superior Products or
Services / and a Strong balance sheet.
** NEW – Indicates the companies recently added to our Easy Investment Program list.
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3.
CITISECONLINE.COM, INC. PHILIPPINE EQUITY RESEARCH
Strategy Report
ACTUAL PERFORMANCE OF ORIGINAL 6 EIP STOCKS
Period Covered: From EIP launch date of 08/01/08 to 04/27/11 (33 months)
Monthly Investment: Php 5,000 – assumes that you fully invested entire amount every month.
ALI BPI JFC MWC SMPH TEL
Price as of launch
Php 10.00 Php 42.00 Php 36.50 Php 17.00 Php 7.40 Php 2,490.00
date 8/1/08
Price as of 4/27/11 Php 16.66 Php 59.00 Php 97.00 Php 17.96 Php 12.00 Php 2,466.00
Average Purchase
Php 9.85 Php 41.15 Php 52.46 Php 14.62 Php 8.95 Php 2,116.38
Price per Share
under EIP
Total Investment Php 165,000 Php 165,000 Php 165,000 Php 165,000 Php 165,000 Php 165,000
Current Market
Php 279,086 Php 236,574 Php 305,079 Php 202,672 Php 221,268 Php 192,258
Value of EIP
Portfolio
% Effective 41.10% 27.30% 49.00% 15.10% 21.90% 11.10%
Annual Yield
* Definition of EFFECTIVE ANNUAL YIELD – Annualized interest rate on an investment taking into account the
effects of compounding.
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