Equity, Bottom-up Analyst, Investics Research

Sameer Taneja

A buy-side analyst with over 18 years of experience investing in Asian markets and specializing in the mid-small cap space, emphasizing value investing in companies with good free cash flows/dividends and long-term holding horizons. 
Exempt Financial Adviser (EFA) under CrossASEAN Research Pte Ltd. 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 Analyst

ICT Svcs, Inc. (ICTSI PM) Q2 FY26 Results: MICT and VICT Concession Renewals and +20% Growth

Shortlist of High Conviction Philippines Equity Ideas - August 2026

The Philippine Stock Exchange, Inc. (PSE PM) Q2 FY26 Concall: PDS Carrying The Incremental Growth

ICTSI PM: InvestPH Conference Update, Good Set Up For FY26

Container Port Terminal Screener: March 2026 Strong Results Growth

ICTSI PM FY25 Results Concall: Steady Growth In FY26 Expected

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

International Container Terminal Services / Equity Bottom-Up

International Container Terminal Services (ICT PM)

International Container Terminal Services

<ul>
<li>Revenue +29% YoY to US$961m; recurring net income +29% to record US$308m, led by DGT/BACT contribution and yield expansion to US$230/TEU.</li>
<li>Portfolio expanded to 33 terminals in 19 countries; cash US$822m post US$671m dividends paid in Q1; FY26 capex budget US$740m for 3m TEU added capacity.</li>
<li>At PHP 753, the stock trades at FY26e P/E of 19.5x and EV/EBITDA of 10.5x, with a dividend yield of 2.9%. More structural growth to come. </li>
</ul>


Revenue +29% YoY to US$961m; recurring net income +29% to record US$308m, led by DGT/BACT contribution and yield expansion to US$230/TEU.
Portfolio expanded to 33 terminals in 19 countries; cash US$822m post US$671m dividends paid in Q1; FY26 capex budget US$740m for 3m TEU added capacity.
At PHP 753, the stock trades at FY26e P/E of 19.5x and EV/EBITDA of 10.5x, with a dividend yield of 2.9%. More structural growth to come. 


ICTSI PM: Record Earnings on Inorganic Lift; DGT Margin Drag Near-Term;