The stock market slump means investors need to be choosier when making investment decisions. | miguelrcamusINQ TyronePiad /PDI
Analysts from Regina Capital Development, Philstocks, and ATR Asset Management also shared their favorites, which are mostly large-cap stocks.
We like AP because it is a defensive play, which makes it a good choice in light of the risks facing the economy. The company also stands to benefit from the tight power supply situation in the country as this will enable it to sell its uncontracted capacity at a higher price. Valuations are attractive, with the stock trading only 9.9X P/E versus its 10-year historical average of 13.7X, while providing investors with a dividend yield of 5.1 percent for 2023.
SMPH posted robust performance in terms of revenue and net income last year, and we are optimistic that this trend will persist throughout this year. Nevertheless, we recognize the potential challenges posed by the high inflation rate in the country, which may impact consumer spending and the company’s costs, thus affecting its revenue growth and margins negatively. Despite these hurdles, we still see SMPH posting a decent growth this year.
The bank has exhibited strong financial performance with its return on average equity in Q1 2023 at 10.3 percent, above its five-year average of 7.8 percent. This was driven by robust revenue generation amid healthy bank lending supported by high interest rates, and efficiency in operations.
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