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MODEL PORTFOLIO THE GIST
NEWS AND FEATURES
Global Philippines Fine Living
INSIGHTS
INVESTMENT STRATEGY
Economy Stocks Bonds Currencies
THE BASICS
Investment Tips Explainers Retirement
WEBINARS
2024 Mid-Year Economi Briefing, economic growth in the Philippines
2024 Mid-Year Economic Briefing: Navigating the Easing Cycle
June 21, 2024
Investing with Love
Investing with Love: A Mother’s Guide to Putting Money to Work
May 15, 2024
retirement-ss-3
Investor Series: An Introduction to Estate Planning
September 1, 2023
View All Webinars
DOWNLOADS
コンテナターミナル
Economic Updates
Philippines Trade Update: Exports momentum continues
November 28, 2025 DOWNLOAD
economy-ss-9
Economic Updates
Quarterly Economic Growth Release: More BSP cuts to come
November 7, 2025 DOWNLOAD
A person pointing to a graph on a computer screen
Economic Updates
Monthly Economic Update: Fed catches up
November 6, 2025 DOWNLOAD
View all Reports

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This week in the stock market
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Chart of the week as of November 24, 2025

Converge’s strategic advantage under the Konektadong Pinoy Act
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The recently enacted Konektadong Pinoy Act creates a favorable regulatory environment for new players in the telecommunications sector by promoting infrastructure sharing. This reduces capital expenditure and accelerates network expansion. For Converge ICT Solutions Inc. (CNVRG), this is particularly advantageous because its low-port utilization means it has excess capacity that can be monetized through partnerships or shared services. This strategic position allows the company to improve operational efficiency and potentially capture additional revenue streams without significant new investment. Furthermore, its current valuation being below the five-year historical average suggests that the stock may be undervalued relative to its long-term performance. This presents an attractive entry point for investors who anticipate growth driven by these regulatory and operational tailwinds.

(Disclaimer: This is general investment information only and does not constitute an offer or guarantee, with all investment decisions made at your own risk. The bank takes no responsibility for any potential losses.)  

Stock watch: Converge, Ayala, Emperador
Makati cityscape at night with lights from buildings and cars.

For the second half of 2025 in the Philippines, the investment strategy will continue to favor liquid and quality stock names, as the economy shows improving yet still fragile characteristics. Given the current macroeconomic backdrop of sustained domestic demand and easing inflation, the Bangko Sentral ng Pilipinas is expected to continue its accommodative stance. This should further support economic activity. From a stock-picking standpoint, companies with exposure to resilient consumer segments are particularly favored—with an increased allocation to consumer retail, and real estate being the top pick due to positive market fundamentals and attractive valuations. Banks have maintained their overweight position from the last rebalancing. Utilities and telecommunications remain underweight. The broad category of construction and infrastructure-related firms is not a specific focus. The overall approach emphasizes earnings visibility and strong cash flow generation to navigate any lingering inflation or interest-rate volatility, ensuring resilience in a dynamic market.

Stock Call Index Weight Remarks
Converge ICT Solutions, Inc. (CNVRG) Overweight 0.9% The Konektadong Pinoy Act highlights opportunities for new entrants to engage in infrastructure sharing with existing telecommunications companies. Thus, Converge’s low-port utilization may provide them with a strategic advantage. The company’s current valuation shows it being lower than its five-year historical average.
Ayala Corp (AC) Neutral 3.9% On top of attractive valuations, latest earning reports revealed that smaller subsidiaries have become profitable, such as ACMobility and Integrated Micro-Electronics, Inc. However, these gains are offset by sluggish performances in Globe Telecom Inc. and ACEN Corp., which may continue to affect investor sentiments.
Emperador Inc. (EMI) Underweight 1.4% The spirits manufacturer reportedly attributed a 25.3% year-on-year net income decline last quarter with consumers shifting to cheaper alternatives affecting its premium categories. There was also a softening demand for whisky and brandy. Moreover, the potential for the stock’s removal from the benchmark PSEi next year may add more concerns for investors.
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