WED 23 JUN 2021

Top Stories:

CEB: CEB increases flights to Boracay and Bohol (AS OF JUN 22, 2020)
INDICES
RRHI: GrowSari raises US$30Mil in funding
Close Points % YTD%
PSEi 6,870.41 43.24 0.63 -3.77
All Shares 4,182.90 28.16 0.68 -2.10
Financials 1,486.11 -4.38 -0.29 2.66

COVID-19 Update: Holding Firms 6,915.89 75.95 1.11 -5.97

Industrial 9,420.38 101.30 1.09 0.29
Total Cases Total Deaths Total Recoveries Mining & Oil 9,257.13 54.11 0.59 -2.84
Property 3,351.88 19.80 0.59 -8.53
Philippines 1,367,894 (+3,666) 23,809 (+60) 1,291,389 (+6,810) Services 1,560.03 8.80 0.57 3.03

USA 34,433,492 (+14,524) 617,854 (+411) 28,814,830 (+49,842) Dow Jones 33,876.97 587 1.76 10.69
S&P 500 4,224.79 58.34 1.40 12.48
Worldwide 179,905,984 (+373,532) 3,897,136 (+8,821) 164,653,745 (+494,919) Nasdaq 14,141.48 111.10 0.79 9.72

INDEX GAINERS
Market Summary: Ticker Company Price %
GTCAP GT Capital Hldgs Inc 614.50 3.10
RRHI Robinsons Retail Hldgs Inc 52.50 2.94
The local stock market rebounded on Tuesday, tracking the upbeat overnight trading in AP Aboitiz Power Corp 24.90 2.68
Wall Street and regional market uptrend. MPI Metro Pacific Inv Corp 4.04 2.28
EMP Emperador Inc 10.94 2.24

The PSEi gained 43.24 points or 0.63% to close at 6,870.41. The top movers were GTCAP
INDEX LOSERS
(+3.10%), RRHI (+2.94%), AP (+2.68%), MPI (+2.28%), and EMP (+2.24%). On the other Ticker Company Price %
hand, these were partially offset by LTG (-1.97%), BPI (-1.42%), SMC (-1.13%), JGS (-0.91%), LTG LT Group Inc 12.94 -1.97
BPI Bank of the Phil Islands 86.50 -1.42
and ICT (-0.89%). SMC San Miguel Corp 114.20 -1.13
JGS JG summit Hldgs Inc 60.00 -0.91
ICT Intl Container Term 156.60 -0.89
Value turnover declined to Php5.2Bil from the Php5.9Bil in the previous session.
Meanwhile, foreigners turned net sellers, disposing Php101.6Mil worth of shares.
TOP 5 MOST ACTIVE STOCKS
Ticker Company Turnover
BDO BDO Unibank Inc 248,957,900
ALI Ayala Land Inc 241,356,300
 
SMPH SM Prime Hldgs Inc 214,083,800
ICT Intl Container Term 154,473,300
TEL PLDT Inc 154,298,500

Disclaimer: All content provided in COL Reports are meant to be read in the COL Financial website. Accuracy and completeness of content cannot be guaranteed if reports are viewed outside of the
COL Financial website as these may be subject to tampering or unauthorized alterations.

WED 23 JUN 2021
Frances Rolfa Nicolas
Research Analyst
Cebu Air Inc.
HOLD
Php55.00
Justin Richmond Cheng, CFA
Senior Research Analyst
Robinsons Retail Hldgs Inc.
BUY
Php102.00
COL Financial Group, Inc.
DAILY NOTES I PHILIPPINE EQUITY RESEARCH
Top Stories:
CEB: CEB increases flights to Boracay and Bohol
CEB said that they gradually increased their flights to Boracay from two times daily on
June 4 to five times daily beginning yesterday. Moreover, flights to Bohol were also
increased from four times weekly in the second week of June to one time daily. CEB Vice
President for Marketing and Customer Service Candice Iyog said that they are hopeful
that their networks will recover to pre-pandemic levels in due time with the arrival of
more vaccines and the pace at which vaccines are being rolled out. (source: Businessworld)
RRHI: GrowSari raises US$30Mil in funding
GrowSari, an e-commerce platform, said it was able to raise US$30Mil in funding through
two rounds of capital raising efforts. Series A investors include RRHI, JG Ditital Equity
Ventures, and Wavemaker Partner LLC. Meanwhile, series B investors include global by
GrowSari to more than double its existing coverage and service over 300,000 sari sari
stores. The additional funds will also help thr company broaden its supplier marketplace
and scale its financial service pilots. (Source: BusinessWorld)
2
 DAILY NOTES I PHILIPPINE EQUITY RESEARCH

WED 23 JUN 2021

I M P O R TA N T R AT ING DEFINITIONS
BUY
Stocks that have a BUY rating have attractive fundamentals and valuations based on our analysis. We expect the share price to outperform the market in the
next six to 12 months.

HOLD
Stocks that have a HOLD rating have either 1) attractive fundamentals but expensive valuations 2) attractive valuations but near-term earnings outlook might
be poor or vulnerable to numerous risks. Given the said factors, the share price of the stock may perform merely in line or underperform in the market in the
next six to twelve months.

SELL
We dislike both the valuations and fundamentals of stocks with a SELL rating. We expect the share price to underperform in the next six to12 months.

I M P O R TA N T DISC L AIM ER
Securities recommended, offered or sold by COL Financial Group, Inc. are subject to investment risks, including the possible loss of the principal amount invested.
Although information has been obtained from and is based upon sources we believe to be reliable, we do not guarantee its accuracy and said information may
be incomplete or condensed. All opinions and estimates constitute the judgment of COL’s Equity Research Department as of the date of the report and are
subject to change without prior notice. This report is for informational purposes only and is not intended as an offer or solicitation for the purchase or sale of
a security. COL Financial and/or its employees not involved in the preparation of this report may have investments in securities of derivatives of the companies
mentioned in this report and may trade them in ways different from those discussed in this report.

CO L R E S EAR C H T EAM

APRIL LYNN TAN, CFA

CHIEF EQUITY STRATEGIST
april.tan@colfinancial.com

CHARLES WILLIAM ANG, CFA GEORGE CHING RICHARD LAÑEDA, CFA

HEAD OF RESEARCH SENIOR RESEARCH MANAGER SENIOR RESEARCH MANAGER
charles.ang@colfinancial.com george.ching@colfinancial.com richard.laneda@colfinancial.com

JOHN MARTIN LUCIANO, CFA FRANCES ROLFA NICOLAS JUSTIN RICHMOND CHENG, CFA
SENIOR RESEARCH ANALYST RESEARCH ANALYST SENIOR RESEARCH ANALYST
john.luciano@colfinancial.com rolfa.nicolas@colfinancial.com justin.cheng@colfinancial.com

ADRIAN ALEXANDER YU KERWIN MALCOLM CHAN

SENIOR RESEARCH ANALYST RESEARCH ANALYST
adrian.yu@colfinancial.com kerwin.chan@colfinancial.com

C OL F INANC IAL G R O UP, IN C.

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