Equity, Bottom-up Analyst, Investics Research

Sameer Taneja

Equity, Bottom-up Analyst

Investics Research

It is important to note that the information provided by Investics Research is based on publicly available data and own knowledge, which has been gathered and analyzed from a variety of sources. While every effort has been made to ensure the accuracy and completeness of the information provided, it is not guaranteed to be free from errors or omissions. All forecasts and estimates are based on information that has been obtained from public sources that are considered to be reliable. The sources include but are not limited to, company announcements, exchange filings, presentations, etc. Investics does not guarantee the accuracy and completeness of the forecasts, estimates, and/or other information.

Equity Bottom-up Research

Equity Bottom-Up

Philippine Stock Exchange / Equity Bottom-Up

<ul>
<li>We are gradually building a high-conviction coverage of ideas for mid and small-cap companies in the Philippines.</li>
<li>We established metrics focused on high ROCE, sustainable 10-15% YoY growth, robust balance sheets, and prudent capital allocation —essential elements for identifying potential multi-bagger opportunities.</li>
<li>In the spotlight is one of our top picks, the <a target="_blank">Philippine Stock Exchange (PSE PM)</a>, which we met at the InvestPH conference and got interesting updates from on the business. </li>
</ul>


We are gradually building a high-conviction coverage of ideas for mid and small-cap companies in the Philippines.
We established metrics focused on high ROCE, sustainable 10-15% YoY growth, robust balance sheets, and prudent capital allocation —essential elements for identifying potential multi-bagger opportunities.
In the spotlight is one of our top picks, the Philippine Stock Exchange (PSE PM), which we met at the InvestPH conference and got interesting updates from on the business. 


Shortlist of High Conviction Philippines Equity Ideas - March 2026

<ul>
<li>We are gradually building a high-conviction coverage of ideas for mid and small-cap companies in the Philippines.</li>
<li>We established metrics focused on high ROCE, sustainable 10-15% YoY growth, robust balance sheets, and prudent capital allocation —essential elements for identifying potential multi-bagger opportunities.</li>
<li>In the spotlight is one of our top picks <a href="https://www.smartkarma.com/entities/philippine-stock-exchange-inc" target="_blank" data-smartkarma-citation="entities:23182:1" rel="noopener">Philippine Stock Exchange (PSE PM)</a>, which has a surge in core operating profit in Q4FY25 of almost 50% QoQ</li>
</ul>


We are gradually building a high-conviction coverage of ideas for mid and small-cap companies in the Philippines.
We established metrics focused on high ROCE, sustainable 10-15% YoY growth, robust balance sheets, and prudent capital allocation —essential elements for identifying potential multi-bagger opportunities.
In the spotlight is one of our top picks Philippine Stock Exchange (PSE PM), which has a surge in core operating profit in Q4FY25 of almost 50% QoQ


Shortlist of High Conviction Philippines Equity Ideas - February 2026

<ul>
<li>
<a href="https://www.smartkarma.com/entities/westports-holdings-bhd" target="_blank" data-smartkarma-citation="entities:3954:1" rel="noopener">Westports Holdings (WPRTS MK)</a>  reported a solid Q4 FY25, with both operational revenue/profits before tax up 11/15% YoY, driven by improving TEU Yields due to recent tariff hikes.</li>
<li>Volumes were up only 3% YTD (1% in Q4FY25), but <a href="https://lom.agc.gov.my/act-view.php?type=pua&amp;language=BI&amp;no=P.U.%20(A)%20180/2025" target="_blank" rel="noopener">container rates are set to increase by 30% in a phased manner through Jan 2027</a>, leading to margin expansion/profitability.</li>
<li>With the recent pullback, the stock trades at 16x/14.8x FY26e/27e and a 4.5% dividend yield. This is another solid name to explore in our container port terminal coverage.</li>
</ul>



Westports Holdings (WPRTS MK)  reported a solid Q4 FY25, with both operational revenue/profits before tax up 11/15% YoY, driven by improving TEU Yields due to recent tariff hikes.
Volumes were up only 3% YTD (1% in Q4FY25), but container rates are set to increase by 30% in a phased manner through Jan 2027, leading to margin expansion/profitability.
With the recent pullback, the stock trades at 16x/14.8x FY26e/27e and a 4.5% dividend yield. This is another solid name to explore in our container port terminal coverage.


Westports Holdings (WPRTS MK): Solid Q4 FY25, Tariff Hikes To Catapult Profitability

<ul>
<li>We are gradually building a high-conviction coverage of ideas for mid and small-cap companies in the Philippines.</li>
<li>We established metrics focused on high ROCE, sustainable 10-15% YoY growth, robust balance sheets, and prudent capital allocation —essential elements for identifying potential multi-bagger opportunities.</li>
<li>Our top picks are <a href="https://www.smartkarma.com/entities/intl-container-term-svcs-inc" target="_blank" data-smartkarma-citation="entities:20001:1" rel="noopener">ICTSI (ICT PM)</a>, <a href="https://www.smartkarma.com/entities/the-keepers-holdings-inc" target="_blank" data-smartkarma-citation="entities:23003:1" rel="noopener">The Keepers Holdings (KEEPR PM)</a>, and <a href="https://www.smartkarma.com/entities/ginebra-san-miguel-inc" target="_blank" data-smartkarma-citation="entities:23029:1" rel="noopener">Ginebra San Miguel (GSMI PM)</a>. The recent offer to delist moves <a href="https://www.smartkarma.com/entities/asian-terminals-inc" target="_blank" data-smartkarma-citation="entities:22959:1" rel="noopener">Asian Terminals (ATI PM)</a> out. </li>
</ul>


We are gradually building a high-conviction coverage of ideas for mid and small-cap companies in the Philippines.
We established metrics focused on high ROCE, sustainable 10-15% YoY growth, robust balance sheets, and prudent capital allocation —essential elements for identifying potential multi-bagger opportunities.
Our top picks are ICTSI (ICT PM), The Keepers Holdings (KEEPR PM), and Ginebra San Miguel (GSMI PM). The recent offer to delist moves Asian Terminals (ATI PM) out. 


Shortlist of High Conviction Philippines Equity Ideas - January 2026

<ul>
<li>We are gradually building a high-conviction coverage of ideas for mid and small-cap companies in the Philippines.</li>
<li>We established metrics focused on high ROCE, sustainable 10-15% YoY growth, robust balance sheets, and prudent capital allocation —essential elements for identifying potential multi-bagger opportunities.</li>
<li>We turn our attention to the top picks for 2026. Our overwhelming favorite is  <a href="https://www.smartkarma.com/entities/the-keepers-holdings-inc" target="_blank" data-smartkarma-citation="entities:23003:1" rel="noopener">The Keepers Holdings (KEEPR PM)</a>, but we also highlight four other names. </li>
</ul>


We are gradually building a high-conviction coverage of ideas for mid and small-cap companies in the Philippines.
We established metrics focused on high ROCE, sustainable 10-15% YoY growth, robust balance sheets, and prudent capital allocation —essential elements for identifying potential multi-bagger opportunities.
We turn our attention to the top picks for 2026. Our overwhelming favorite is  The Keepers Holdings (KEEPR PM), but we also highlight four other names. 


Shortlist of High Conviction Philippines Equity Ideas - December 2025, And Top Pick For 2026

Philippines

International Container Terminal Services, Inc. (ICTSI) is a global port management company specializing in acquiring, developing, managing, and operating common-user container ports and terminals worldwide. The company provides a range of services, including container handling, cargo handling, stevedoring, berthing, storage, and services for refrigerated containers. ICTSI is headquartered in Manila, Philippines, and was established in December 1987.

International Container Terminal Services (ICT PM)

International Container Terminal Services

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International Container Terminal Services (ICT PM)

Shortlist of High Conviction Philippines Equity Ideas - March 2026

We compile our selection of small and mid-cap names with desired characteristics of high dividend yields, value, and margin of safety, and updates...

Sameer Taneja

Shortlist of High Conviction Philippines Equity Ideas - February 2026

We compile our selection of small and mid-cap names with desired characteristics of high dividend yields, value, and margin of safety, and updates...

Sameer Taneja

Westports Holdings (WPRTS MK): Solid Q4 FY25, Tariff Hikes To Catapult Profitability

We summarize Wesports Holdings (WPRTS MK) results for Q4 FY25. With phased tariff hikes of 30% till Jan 2027, we see ample room for margin...

Sameer Taneja

Shortlist of High Conviction Philippines Equity Ideas - January 2026

We compile our selection of small and mid-cap names with desired characteristics of high dividend yields, value, and margin of safety, and updates...

Sameer Taneja

Shortlist of High Conviction Philippines Equity Ideas - December 2025, And Top Pick For 2026

We compile our selection of small and mid-cap names with desired characteristics of high dividend yields, value, and margin of safety, and updates...

Sameer Taneja

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)