The developer’s luxury segment-focused strategy continued to pay off, resulting in sustained revenues. It’s also helping ALI to stand out in an industry riddled with persistent headwinds. Also helping is the stock’s cheap valuation, which positions ALI as a compelling prospect.
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INVESTMENT STRATEGY
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Inflation settles at 2.5% despite food-price uptick
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Consensus Pricing – November 21, 2024
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This week in the stock market
Chart of the week
as of December 9, 2024
GTCAP gets boost from Metrobank results, Toyota sales
Stock Watch: Ayala Land, PLDT, AGI
For the second half of 2024, staying in liquid and quality names shall be the core strategy given the fragile but improving economic outlook. From a stock picking standpoint, companies with robust economic motes, exposure to resilient segments of consumption, earnings visibility, and strong cash flow generation capable of weathering high inflation and interest rates are strongly favored. Given recent developments, banks, utilities, shipping and select consumer names are favored.
| Stock | Call | Index Weight | Remarks |
|---|---|---|---|
| Ayala Land, Inc. (ALI) | Overweight | 5.4% | The developer's luxury segment-focused strategy continued to pay off, resulting in sustained revenues. It’s also helping ALI to stand out in an industry riddled with persistent headwinds. Also helping is the stock’s cheap valuation, which positions ALI as a compelling prospect. |
| PLDT Inc. (TEL) | Neutral | 2.9% | The annualized dividend yield of 7.5% is a convincing angle for investors to consider TEL. However, intensifying competition in the broadband space presents a serious detractor for the telco incumbent, raising investor concerns about TEL’s market leadership. |
| Alliance Global Group, Inc. (AGI) | Underweight | 0.6% | Despite Megaworld’s solid performance, other subsidiaries have lagged behind, facing challenges such as muted demand in gaming and luxury liquor as well as margin compression in its fast food segment. These issues have shifted investor focus toward other conglomerates. |
