Primer: Ayala Corporation (AC PM) - Aug 2026
Ayala Corporation stands as a cornerstone of the Philippine economy, with a diversified portfolio of mature, cash-generative businesses and a...
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BUY: First Pacific Company (142 HK): Right Stock Trapped in the Wrong Market
Since our insight on 1st Pac last Sept., the stock has gained 33%. Company had solid 2024 results. MPIC, the undervalued Phil./Indonesia...
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Ayala Corp Placement - While Overhang Will Exist, the Stock's Momentum Has Been Strong
Mitsubishi Corp (8058 JP) is looking to raise US$100m via trimming a stake in Ayala Corporation (AC PM). Despite being not explicitly well flagged,...
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Travel notes: Manila
I spent the past few days in Manila, the capital of the Philippines. Since Southeast Asia’s borders opened up in 2022, it’s become easier to travel...
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Mynt (GCash) IPO: The Investment Case
Mynt (GCash) is the No.1 finance super app in the Philippines. It is seeking to raise US$1.3 billion. In this note, I discuss the investment case.
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