As of: 04/23/2021

COL Date of COL Buy Outstanding Market Cap Revenue Revenue Growth
Ticker Company Name Price Rating Update FV Below Shares (Mil) (PhpMil) 2018 2019 2020E 2021E 2018 2019 2020E 2021E
Banks and Financials 1,320,570 456,206 555,478 629,758 587,275 9% 22% 13% -7%
BDO BANCO DE ORO 105.00 BUY 1/5/21 158.00 131.00 4,381 460,377 147,966 180,512 188,910 189,698 15% 22% 5% 0%
BPI BANK OF PHIL ISLANDS 81.50 BUY 1/5/21 106.00 88.00 4,513 367,818 78,524 94,334 104,441 101,358 11% 20% 11% -3%
CHIB CHINA BANKING CORP 23.50 BUY 1/5/21 40.30 32.20 2,686 63,119 22,926 34,482 43,854 41,645 -11% 50% 27% -5%
EW EASTWEST BANKING COR 9.50 BUY 1/5/21 16.60 12.70 2,250 21,375 25,101 28,358 34,634 32,285 0% 13% 22% -7%
MBT METROPOLITAN BANK 44.45 BUY 1/5/21 91.20 76.00 4,496 199,910 91,732 106,051 121,236 105,245 10% 16% 14% -13%
PNB PHIL NATIONAL BANK 22.95 BUY 3/24/21 51.20 39.30 1,526 35,016 38,684 41,112 45,620 45,262 19% 6% 11% -1%
SECB SECURITY BANK CORP 113.50 BUY 1/5/21 204.00 163.00 754 85,527 25,599 33,949 50,373 36,657 2% 33% 48% -27%
UBP UNION BANK OF PHIL 71.70 HOLD 1/5/21 75.70 60.50 1,218 87,428 25,673 36,681 40,691 35,125 2% 43% 11% -14%
Commercial and Industrial 495,036 905,872 890,331 598,039 740,769 21% -2% -33% 24%
ABS ABS-CBN BROADCASTING 10.98 under review 1/5/21 under review under review 872 9,382 40,131 43,664 42,518 45,752 -1% 9% -3% 8%
CEB CEBU AIR INC 46.35 HOLD 1/5/21 55.00 39.20 600 27,825 74,114 84,807 22,618 40,396 9% 14% -73% 79%
CHP CEMEX HOLDINGS PHIL 1.20 BUY 1/5/21 2.00 1.60 12,198 16,187 23,418 23,596 20,306 22,162 7% 1% -14% 9%
EAGLE EAGLE CEMENT CORP 12.00 BUY 1/5/21 16.50 13.20 5,000 60,000 16,522 19,824 13,315 18,175 11% 20% -33% 37%
EEI EEI CORPORATION 7.47 HOLD 3/31/21 8.33 6.90 1,036 7,741 22,147 23,582 15,119 21,337 48% 6% -36% 41%
GMA7 GMA NETWORK INC 7.84 BUY 1/5/21 10.90 9.00 3,361 26,351 15,236 16,493 18,234 19,218 -2% 8% 11% 5%
ICT INTL CONTAINER TERM 129.40 HOLD 1/5/21 133.34 111.00 2,043 264,534 72,061 77,033 80,883 87,917 15% 7% 5% 9%
IMI INTEGRATED MICRO-ELE 10.48 HOLD 3/31/21 11.40 9.50 2,175 23,237 65,021 65,019 59,964 66,338 18% 0% -8% 11%
MWC MANILA WATER COMPANY 14.74 HOLD 3/4/21 18.50 13.20 2,065 30,436 19,836 21,950 21,125 23,228 7% 11% -4% 10%
PCOR PETRON CORP 3.13 BUY 1/5/21 5.80 4.40 9,375 29,344 557,386 514,362 303,956 396,245 28% -8% -41% 30%
Conglomerates 3,122,387 3,136,558 3,242,934 2,628,692 3,034,441 16% 3% -19% 15%
AC AYALA CORPORATION 754.50 HOLD 1/5/21 859.00 746.00 627 473,404 274,881 264,904 185,028 237,795 13% -4% -30% 29%
AEV ABOITIZ EQUITY VENTU 34.80 BUY 1/5/21 47.85 38.20 5,630 195,932 186,943 201,157 175,166 178,138 24% 8% -13% 2%
AGI ALLIANCE GLOBAL 10.46 BUY 1/5/21 16.42 14.20 9,823 101,064 156,785 174,563 126,895 169,367 16% 11% -27% 33%
COSCO COSCO CAPITAL INC 5.18 BUY 1/5/21 11.90 9.90 6,995 37,278 168,388 166,067 193,447 207,957 16% -1% 16% 8%
DMC DMCI HOLDINGS INC 5.30 BUY 3/8/21 9.28 7.10 13,277 70,371 82,843 87,761 65,475 77,491 3% 6% -25% 18%
FPH FIRST PHIL HOLDINGS 67.80 BUY 1/5/21 153.37 117.00 505 34,208 125,587 133,916 134,166 136,470 20% 7% 0% 2%
GTCAP GT CAPITAL HOLDINGS 542.00 BUY 1/5/21 1,020.00 784.00 215 116,684 215,825 222,940 143,142 196,935 -5% 3% -36% 38%
JGS JG SUMMIT HLDGS 53.90 HOLD 1/5/21 58.24 48.50 7,521 405,381 291,916 301,823 298,881 336,249 7% 3% -1% 13%
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LTG LT GROUP INC 13.38 N/A N/A N/A N/A 10,816 144,790 75,630 94,151 96,253 98,937 19% 24% 2% 3%
MPI METRO PACIFIC INVEST 4.01 BUY 3/4/21 7.88 6.00 30,669 122,982 83,029 73,499 79,687 88,839 60% -11% 8% 11%
SM SM INVESTMENTS CORP 952.00 HOLD 1/5/21 1,007.00 875.00 1,205 1,146,763 449,788 501,652 402,944 483,481 14% 12% -20% 20%
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SMC SAN MIGUEL CORP 115.00 N/A N/A N/A N/A 2,384 273,530 1,024,943 1,020,502 727,609 822,781 24% 0% -29% 13%
Consumer 1,060,007 783,127 865,831 782,694 884,575 11% 11% -10% 13%
CIC CONCEPCION INDUST CO 23.00 BUY 1/5/21 33.40 27.80 407 9,245 14,202 15,066 10,134 14,559 2% 6% -33% 44%
CNPF CENTURY PACIFIC FOOD 20.65 BUY 1/5/21 23.30 20.20 3,542 73,148 37,885 40,560 47,514 52,397 15% 7% 17% 10%
DNL D&L INDUSTRIES INC 7.22 BUY 1/5/21 9.20 8.00 7,143 51,571 26,543 22,386 22,237 22,843 -4% -16% -1% 3%
EMP EMPERADOR INC 9.95 HOLD 1/5/21 9.50 7.90 15,773 157,446 46,346 50,260 50,952 54,328 9% 8% 1% 7%
JFC JOLLIBEE FOODS CORP 176.00 BUY 1/5/21 210.00 168.00 1,089 194,962 161,199 179,626 129,476 167,956 21% 11% -28% 30%
MAXS MAXS GROUP INC 5.90 BUY 1/5/21 11.40 9.10 1,037 6,120 13,683 14,401 6,904 8,831 8% 5% -52% 28%
MRSGI METRO RETAIL STORES 1.31 BUY 1/5/21 3.00 2.50 3,429 4,477 33,050 36,790 32,279 34,172 -6% 11% -12% 6%
PGOLD PUREGOLD PRICE CLUB 37.00 BUY 1/5/21 57.00 49.50 2,870 106,717 140,918 154,490 161,133 176,638 13% 10% 4% 10%
PIZZA SHAKEY'S PIZZA ASIA VENTU 7.30 BUY 1/5/21 10.30 8.20 1,531 11,179 7,579 8,239 5,180 7,343 8% 9% -37% 42%
RRHI ROBINSONS RETAIL HLD 52.10 BUY 3/5/21 97.00 80.80 1,576 80,473 132,680 162,916 151,011 162,736 15% 23% -7% 8%
SSI SSI GROUP INC 1.22 BUY 1/5/21 3.30 2.60 3,313 4,024 20,230 22,366 10,674 15,629 10% 11% -52% 46%
URC UNIVERSAL ROBINA COR 140.00 BUY 3/5/21 188.00 163.00 2,204 290,949 127,770 134,254 132,572 137,040 2% 5% -1% 3%
WLCON WILCON DEPOT INC 17.00 HOLD 3/31/21 18.80 16.30 4,100 69,695 21,041 24,476 22,629 30,102 19% 16% -8% 33%
Gaming 69,851 38,220 46,337 17,789 21,711 16% 21% -62% 22%
BLOOM BLOOMBERY RESORTS CO 6.37 HOLD 3/10/21 8.60 7.40 10,960 69,851 38,220 46,337 17,789 21,711 16% 21% -62% 22%
Mining 121,478 60,616 62,175 53,687 57,967 2% 3% -14% 8%
NIKL NICKEL ASIA CORP 5.17 HOLD 1/5/21 4.97 4.10 13,633 70,471 18,648 17,923 16,646 19,694 18% -4% -7% 18%
SCC SEMIRARA MINING 12.00 BUY 3/5/21 28.62 22.00 4,251 51,007 41,969 44,252 37,041 38,272 -4% 5% -16% 3%
Power 729,974 313,821 322,778 302,738 281,418 11% 3% -6% -7%
AP ABOITIZ POWER CORP 22.75 BUY 1/5/21 40.14 33.40 7,359 167,408 131,572 125,635 111,881 111,553 10% -5% -11% 0%
FGEN FIRST GEN CORP 31.10 HOLD 1/5/21 32.28 26.90 3,598 111,895 103,839 112,771 112,652 113,816 21% 9% 0% 1%
MER MANILA ELECTRIC CO 275.00 BUY 3/2/21 369.00 307.00 1,127 309,952 63,287 69,066 61,874 38,447 4% 9% -10% -38%
ACEN AC ENERGY PHIL INC 7.05 HOLD 1/5/21 3.72 3.10 15,306 140,718 15,123 15,307 16,331 17,602 -11% 1% 7% 8%
Property 1,745,567 410,716 445,195 292,123 379,740 19% 8% -34% 30%
ALI AYALA LAND INC 32.20 HOLD 1/5/21 42.10 36.60 14,760 473,594 162,997 165,740 89,196 130,553 22% 2% -46% 46%
FLI FILINVEST LAND INC 1.10 BUY 1/5/21 1.51 1.30 24,250 26,675 20,012 24,022 13,879 18,481 10% 20% -42% 33%
MEG MEGAWORLD CORP 3.12 BUY 1/5/21 4.90 4.20 31,873 99,444 53,820 63,641 44,955 57,671 14% 18% -29% 28%
RLC ROBINSONS LAND 17.06 HOLD 3/3/21 22.68 19.70 5,194 88,607 29,545 30,584 25,404 31,125 31% 4% -17% 23%
SMPH SM PRIME HOLDINGS 35.00 HOLD 1/5/21 41.40 36.00 28,879 1,010,773 104,081 118,311 85,947 103,729 14% 14% -27% 21%
VLL VISTA LAND & LIFESCP 3.66 BUY 1/5/21 5.87 5.10 11,946 46,475 40,261 42,897 32,741 38,180 21% 7% -24% 17%
Telecoms 666,890 321,092 344,987 356,572 392,729 8% 7% 3% 10%
GLO GLOBE TELECOM INC 1,870.00 BUY 3/31/21 2,470.00 2,147.00 133 249,519 151,173 166,660 160,520 171,691 12% 10% -4% 7%
TEL PH LONG DISTANCE TEL 1,272.00 BUY 3/31/21 1,820.00 1,582.00 216 274,823 164,864 169,187 181,004 196,460 3% 3% 7% 9%
CNVRG CONVERGE INFO & COMM TECH 18.94 BUY 3/31/21 21.30 18.50 7,526 142,548 5,055 9,139 15,049 24,578 72% 81% 65% 63%

MARKET 9,210,282 6,365,612 6,713,872 5,608,405 6,322,657 15% 5% -16% 13%

PSEi 8,115,481 4,870,777 5,184,309 4,363,287 4,886,343 15% 6% -16% 12%
PSEi ex-TEL, GLO 7,591,139 4,554,740 4,848,462 4,021,763 4,518,192 15% 6% -17% 12%

* Source: Bloomberg
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Consensus Forecast
 Net Income Net Income Growth EPS EPS Growth P/E (x) PEG P/BV ROE Div Yield
Ticker 2018 2019 2020E 2021E 2018 2019 2020E 2021E 2018 2019 2020E 2021E 2018 2019 2020E 2021E 2018 2019 2020E 2021E 2020E 2021E 2021E 2021E
115,802 151,172 103,216 118,633 7% 31% -32% 15% -3% 28% -31% 15% 11.6 9.1 13.1 11.4 0.9 8.0 3.1%
BDO 32,708 44,194 28,246 34,688 17% 35% -36% 23% 7.40 10.02 6.37 7.83 15% 35% -36% 23% 14.2 10.5 16.5 13.4 0.0 1.1 8.5 1.1%
BPI 23,078 28,803 21,472 22,634 3% 25% -25% 5% 5.29 6.40 4.76 5.02 -7% 21% -26% 5% 15.4 12.7 17.1 16.2 0.0 1.2 7.8 2.2%
CHIB 8,110 10,069 12,063 11,772 8% 24% 20% -2% 3.02 3.75 4.49 4.38 2% 24% 20% -2% 7.8 6.3 5.2 5.4 0.6 0.6 10.8 4.3%
EW 4,508 6,242 6,979 6,240 -11% 38% 12% -11% 2.00 2.77 3.10 2.77 -11% 38% 12% -11% 4.7 3.4 3.1 3.4 0.0 0.3 10.5 0.0%
MBT 22,008 28,055 13,831 22,022 21% 27% -51% 59% 5.05 6.24 3.08 4.90 -12% 24% -51% 59% 8.8 7.1 14.5 9.1 0.0 0.6 6.8 9.0%
PNB 9,465 9,681 2,615 5,154 16% 2% -73% 97% 7.58 6.98 1.71 3.38 16% -8% -75% 97% 3.0 3.3 13.4 6.8 0.0 0.2 3.7 0.0%
SECB 8,609 10,102 7,432 7,747 -16% 17% -26% 4% 11.42 13.41 9.86 10.28 -16% 17% -26% 4% 9.9 8.5 11.5 11.0 0.0 0.7 6.2 2.6%
UBP 7,316 14,026 10,578 8,376 -13% 92% -25% -21% 6.01 11.52 8.69 6.88 -24% 92% -25% -21% 11.9 6.2 8.3 10.4 0.0 0.9 9.0 2.6%
35,735 31,384 2,836 28,426 -28% -12% -91% 902% -28% -3% -79% 491% 18.6 19.1 91.8 15.5 1.2 11.0 2.1%
ABS 2,110 3,098 2,187 3,160 -37% 47% -29% 45% 2.56 3.76 2.65 3.84 -37% 47% -29% 45% 4.3 2.9 4.1 2.9 4.1 0.2 7.5 7.3%
CEB 3,923 9,123 -22,155 -11,512 -50% 133% -343% -48% 6.50 15.22 -33.43 -12.39 -50% 134% -320% -63% 7.1 3.0 (1.4) (3.7) 0.0 1.7 (45.5) 0.0%
CHP -556 818 809 1,062 -187% -247% -1% 31% -0.18 0.25 0.06 0.08 -250% -239% -76% 31% (6.7) 4.8 20.0 15.2 0.0 0.4 2.4 0.0%
EAGLE 4,329 5,835 3,050 4,677 2% 35% -48% 53% 0.92 1.17 0.58 0.90 8% 27% -51% 57% 13.0 10.3 20.9 13.3 0.0 1.5 11.6 1.3%
EEI 529 1,155 -1,052 955 -37% 118% -191% -191% 0.51 1.11 -1.01 0.92 -37% 118% -191% -191% 14.6 6.7 (7.4) 8.1 0.8 0.9 12.0 2.7%
GMA7 2,305 2,618 4,863 4,969 -9% 14% 86% 2% 0.47 0.54 1.00 1.02 -10% 15% 86% 2% 16.7 14.5 7.8 7.7 0.2 2.7 36.4 17.2%
ICT 11,518 5,219 13,425 16,138 25% -55% 157% 20% 4.06 1.14 5.19 7.97 17% -72% 356% 54% 31.9 113.7 24.9 16.2 0.2 2.5 15.2 1.8%
IMI 2,454 -405 -211 655 43% -116% -48% -410% 1.14 -0.18 -0.09 0.29 26% -116% -50% -410% 9.2 (57.2) (114.1) 36.8 0.0 1.2 3.2 0.0%
MWC 6,524 5,496 4,500 6,025 6% -16% -18% 34% 2.64 2.21 1.81 2.43 6% -16% -18% 34% 5.6 6.7 8.1 6.1 1.7 0.5 9.5 0.0%
PCOR 2,601 -1,574 -2,581 2,296 -80% -161% 64% -189% 0.28 -0.17 -0.29 0.23 -68% -161% 68% -180% 11.3 (18.4) (11.0) 13.7 0.0 0.5 2.6 3.2%
222,570 274,216 153,142 210,267 1% 23% -44% 37% 0% 24% -43% 36% 15.2 12.2 21.6 15.9 1.2 8.0 1.3%
AC 31,818 35,279 18,647 25,082 5% 11% -47% 35% 49.29 54.88 26.43 36.82 6% 11% -52% 39% 15.3 13.7 28.5 20.5 0.0 1.3 7.1 0.8%
AEV 22,233 22,036 11,947 15,555 3% -1% -46% 30% 3.95 3.91 2.12 2.76 3% -1% -46% 30% 8.8 8.9 16.4 12.6 0.0 1.0 8.1 2.6%
AGI 15,122 17,722 9,730 13,639 0% 17% -45% 40% 1.53 1.76 0.97 1.35 1% 15% -45% 39% 6.9 5.9 10.8 7.7 0.0 0.5 7.0 1.0%
COSCO 5,548 11,597 5,668 6,666 13% 109% -51% 18% 0.76 1.60 0.78 0.92 10% 111% -51% 18% 6.8 3.2 6.6 5.6 0.0 0.5 8.5 3.5%
DMC 14,513 10,533 6,906 9,811 -2% -27% -34% 42% 1.09 0.79 0.52 0.74 -2% -27% -34% 42% 4.8 6.7 10.2 7.2 0.0 0.8 8.4 9.1%
FPH 10,281 12,583 8,293 8,565 76% 22% -34% 3% 18.33 22.43 15.93 16.46 76% 22% -29% 3% 3.7 3.0 4.3 4.1 0.0 0.3 7.2 2.9%
GTCAP 13,390 20,309 8,376 14,534 -6% 52% -59% 74% 59.46 85.65 36.17 64.77 -16% 44% -58% 79% 9.1 6.3 15.0 8.4 0.0 0.6 7.1 0.6%
JGS 19,186 31,285 23,754 34,588 -35% 63% -24% 46% 2.73 4.46 3.39 4.93 -37% 63% -24% 46% 19.7 12.1 15.9 10.9 3.1 1.2 10.6 0.9%
LTG 16,195 23,118 23,595 28,881 50% 43% 2% 22% 1.50 2.14 2.14 2.33 50% 43% 0% 9% 8.9 6.3 6.3 5.7 0.0 0.6 15.0 4.0%
MPI 14,130 23,856 10,896 13,271 7% 69% -54% 22% 0.45 0.76 0.35 0.42 8% 69% -54% 22% 8.9 5.3 11.6 9.5 0.0 0.6 6.4 2.7%
SM 37,078 44,568 22,482 31,150 13% 20% -50% 39% 30.78 37.00 18.66 25.86 13% 20% -50% 39% 30.9 25.7 51.0 36.8 0.0 2.7 7.6 0.8%
SMC 23,077 21,329 2,848 8,525 -18% -8% -87% 199% 6.61 5.93 1.20 3.58 -25% -10% -80% 200% 17.4 19.4 96.2 32.1 0.0 0.9 6.2 1.2%
47,626 45,638 22,082 46,123 6% -4% -52% 109% 8% -4% -65% 192% 22.8 23.7 68.2 23.4 2.5 11.7 1.3%
CIC 913 947 284 739 -7% 4% -70% 160% 2.25 2.35 0.70 1.83 -7% 4% -70% 160% 10.2 9.8 32.7 12.6 0.0 1.6 13.3 0.9%
CNPF 2,834 3,149 3,939 4,452 11% 11% 25% 13% 0.80 0.89 1.11 1.26 11% 11% 25% 13% 25.8 23.2 18.6 16.4 1.0 2.9 17.4 1.6%
DNL 3,187 2,620 1,949 2,531 10% -18% -26% 30% 0.45 0.37 0.27 0.35 9% -18% -26% 30% 16.2 19.7 26.5 20.4 0.0 2.7 13.9 2.3%
EMP 6,658 6,726 7,796 8,061 5% 1% 16% 3% 0.41 0.42 0.48 0.50 6% 3% 14% 3% 24.1 23.5 20.6 19.9 2.4 2.2 11.3 1.9%
JFC 8,330 6,432 -11,495 4,954 20% -23% -279% -143% 7.66 5.89 -10.43 4.47 19% -23% -277% -143% 23.0 29.9 (16.9) 39.4 1.3 4.6 12.3 0.0%
MAXS 620 721 -1,277 -581 -1% 16% -277% -55% 0.79 0.92 -1.64 -0.74 -2% 16% -278% -55% 7.5 6.4 (3.6) (7.9) - 1.2 (13.8) 0.0%
MRSGI 965 775 -436 134 -1% -20% -156% -131% 0.21 0.23 -0.13 0.04 -25% 8% -156% -131% 6.2 5.8 (10.3) 33.4 0.2 0.5 1.5 0.0%
PGOLD 6,520 6,773 6,840 7,376 19% 4% 1% 8% 2.36 2.40 2.37 2.56 19% 2% -1% 8% 15.7 15.4 15.6 14.5 4.7 1.5 11.8 1.3%
PIZZA 843 865 -407 596 11% 3% -147% -246% 0.55 0.57 -0.27 0.39 10% 3% -147% -246% 13.3 12.9 (27.5) 18.8 1.6 2.2 8.4 0.0%
RRHI 5,107 3,919 2,976 3,508 3% -23% -24% 18% 3.65 2.49 1.89 2.22 2% -32% -24% 18% 14.3 21.0 27.6 23.4 0.0 1.2 5.5 0.8%
SSI 608 815 -741 242 121% 34% -191% -133% 0.18 0.25 -0.22 0.07 130% 34% -191% -133% 6.6 5.0 (5.5) 16.7 0.1 0.4 2.2 0.0%
URC 9,204 9,772 11,204 11,814 -15% 6% 15% 5% 4.18 4.81 5.30 6.37 -15% 15% 10% 20% 33.5 29.1 26.4 22.0 1.8 3.1 11.9 2.4%
WLCON 1,835 2,125 1,449 2,298 32% 16% -32% 59% 0.45 0.52 0.35 0.56 21% 16% -32% 59% 38.0 32.8 48.1 30.3 12.1 4.1 13.6 0.0%
7,188 10,275 -8,222 -4,302 18% 43% -180% -48% 18% 39% -184% -48% 9.8 7.1 -8.4 -16.1 2.1 -13.3 0.0%
BLOOM 7,188 10,275 -8,222 -4,302 18% 43% -180% -48% 0.65 0.90 -0.76 -0.40 18% 39% -184% -48% 9.8 7.1 (8.4) (16.1) - 2.1 (13.3) 0.0%
15,033 12,364 8,394 11,435 -11% -18% -32% 36% -23% -17% -28% 60% 9.0 10.8 15.1 9.4 1.4 14.4 7.0%
NIKL 3,008 2,685 3,630 5,805 9% -11% 35% 60% 0.22 0.20 0.27 0.42 -39% -11% 35% 60% 23.5 26.4 19.5 12.2 0.4 1.8 15.9 5.1%
SCC 12,025 9,679 4,764 5,631 -15% -20% -51% 18% 2.82 2.27 1.12 1.79 -15% -20% -51% 60% 4.3 5.3 10.7 6.7 0.0 1.0 11.7 10.4%
55,667 57,634 45,780 54,863 16% 4% -21% 20% 24% 7% -28% 13% 10.9 10.1 14.0 12.3 1.3 14.7 3.4%
AP 21,708 19,363 10,071 14,427 6% -11% -48% 43% 2.95 2.63 1.37 1.96 6% -11% -48% 43% 7.7 8.6 16.6 11.6 0.0 1.2 10.0 3.7%
FGEN 11,502 15,403 11,922 12,531 65% 34% -23% 5% 2.82 3.95 3.00 3.17 97% 40% -24% 6% 11.0 7.9 10.4 9.8 0.0 0.8 8.4 1.8%
MER 23,017 23,285 19,684 20,841 13% 1% -15% 6% 20.42 20.66 17.47 18.49 13% 1% -15% 6% 13.5 13.3 15.7 14.9 0.0 3.0 20.5 4.0%
ACEN -560 -417 4,103 7,065 -258% -26% -1084% 72% -0.11 -0.06 0.30 0.19 -257% -50% -640% -36% (64.1) (127.2) 23.6 36.6 0.0 3.5 9.2 0.9%
100,981 114,608 55,443 77,314 17% 13% -52% 39% 15% 13% -55% 44% 17.1 15.1 33.8 23.4 1.7 7.8 1.6%
ALI 29,241 33,188 9,384 17,733 16% 13% -72% 89% 1.99 2.25 0.64 1.20 16% 13% -72% 89% 16.2 14.3 50.5 26.7 0.0 2.1 8.2 1.8%
FLI 5,894 6,284 3,383 4,658 4% 7% -46% 38% 0.24 0.26 0.14 0.19 6% 7% -46% 36% 4.5 4.2 7.9 5.8 0.0 0.3 6.2 5.7%
MEG 15,219 17,098 11,917 15,225 16% 12% -30% 28% 0.48 0.54 0.35 0.44 16% 13% -35% 26% 6.5 5.8 8.9 7.1 0.0 0.5 8.1 2.2%
RLC 8,216 8,686 5,366 6,201 40% 6% -38% 16% 1.62 1.67 1.03 1.19 13% 3% -38% 16% 10.5 10.2 16.6 14.3 0.0 0.8 5.9 2.9%
SMPH 32,173 38,086 18,316 24,812 17% 18% -52% 35% 1.11 1.32 0.63 0.86 16% 19% -52% 35% 31.5 26.5 55.2 40.7 0.0 3.0 7.8 1.0%
VLL 10,238 11,266 7,077 8,685 16% 10% -37% 23% 0.79 0.87 0.55 0.67 15% 10% -37% 23% 4.6 4.2 6.7 5.4 0.0 0.4 8.0 4.5%
38,841 51,436 50,322 58,294 30% 32% -2% 16% 24% -45% 3% 12% 7.4 13.4 13.1 11.6 2.5 22.6 5.4%
GLO 18,626 22,451 19,523 22,873 23% 21% -13% 17% 136.10 163.56 141.44 171.52 39% 20% -14% 21% 13.7 11.4 13.2 10.9 5.5 2.7 26.4 5.6%
TEL 18,973 27,080 28,087 30,248 41% 43% 4% 8% 101.52 103.96 112.12 118.92 65% 2% 8% 6% 12.5 12.2 11.3 10.7 1.6 2.2 21.5 6.3%
CNVRG 1,242 1,905 2,712 5,173 1% 53% 42% 91% 10.06 0.27 0.36 0.69 2% -97% 33% 91% 1.9 70.1 52.6 27.6 0.9 5.8 21.0 0.0%

624,410 736,363 424,598 589,620 5% 18% -42% 39% 3% 11% -42% 40% 14.2 12.9 22.2 15.9 1.3 9.6 2.1%
526,344 614,945 366,957 494,566 8% 17% -40% 35% 400 466 273 376 6% 16% -41% 38% 15.9 13.7 23.3 16.9 1.4 9.6 2.0%
488,745 565,414 319,347 441,445 6% 16% -44% 38% 3% 17% -45% 42% 16.2 13.8 25.0 17.6 1.4 8.7 1.7%

Important Disclaimers
Securities recommendations and opinions offered by COL Financial Group, Inc. are subject to investment risks including the possible loss of the principle 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 it may be incomplete
or condensed. All opinions and estimates constitute the judgment of COL's Equity Research Departments as of the date of the report and are subject to change without 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 may have investments in securities or derivatives of the companies mentioned in this report and may trade them in ways different from those discussed.