Korea/Asia, Events, IPOs, Douglas Research Advisory

Douglas Kim

Nearly 30 years of experience in the Korean/Asian equity research. Major sectors coverage include the following:
- Technology 
- Consumer 
- Special Situations/Deep Value Plays
- Tender Offers/M&As
- Holdcos/Stubs
- Asian Unicorns/Private Companies

Korea/Asia, Events, IPOs

Primer: Maynilad Water Services (MYNLD PH) - Feb 2026

Maynilad Water Services - Strong execution priced in; D/G to HOLD (MYNLD PM, CP PHP22.60, TP PHP23.00, Utilities)

Douglas Research Advisory

Equity Bottom-Up

Maynilad Water Services / Equity Bottom-Up

<ul>
<li>While the Asian stock markets have been mostly focused on the top-tier semiconductor stocks  in the past year, many high quality, dividend yielding stocks have been increasingly ignored.</li>
<li>One of them has been Maynilad Water Services (MYNLD PM) which is one of the largest water and wastewater utilities in the Philippines.</li>
<li>Maynilad Water enjoys an excellent barriers to entry, high EBIT margins (nearly 60%), solid dividend yields (5.6%), and attractive valuations (P/E of 8.4x, P/B of 1.5x, and EV/EBITDA of 8.8).</li>
</ul>


While the Asian stock markets have been mostly focused on the top-tier semiconductor stocks  in the past year, many high quality, dividend yielding stocks have been increasingly ignored.
One of them has been Maynilad Water Services (MYNLD PM) which is one of the largest water and wastewater utilities in the Philippines.
Maynilad Water enjoys an excellent barriers to entry, high EBIT margins (nearly 60%), solid dividend yields (5.6%), and attractive valuations (P/E of 8.4x, P/B of 1.5x, and EV/EBITDA of 8.8).


Asian Dividend Gems: Maynilad Water Services