First Metro Securities

15 Jun 2026

10:23AM

First Metro says investors are overlooking key SM Prime growth assets

Investors may be overlooking a large part of SM Prime’s value, according to First Metro Securities, which says the stock is trading near the value of its malls business despite billions of pesos in other assets and future developments.

10 Jun 2026

11:49AM

First Metro issues Ayala Land downgrade call, slashes target price by 45%

By: Miguel R. Camus

One of the country’s biggest property names received a rare downgrade from First Metro Securities (FMS), which said mounting pressures on its core housing business and a heavy debt maturity schedule have fundamentally altered its outlook.

18 May 2026

12:12PM

First Metro spots Jollibee, RRHI MSCI exits ahead of rebalancing

The latest MSCI Philippines rebalancing largely played out in line with earlier expectations from First Metro Securities, including the removal of Jollibee Foods Corp. from the Standard Index and the exit of Robinsons Retail Holdings Inc. from MSCI’s broader Philippine stock index.

5 May 2026

10:29AM

Maynilad set for PSEi entry as Converge, ACEN, DigiPlus battle to stay

The Philippines’ benchmark stock index is heading for its next reshuffle in August, with Maynilad Water Services Inc. (MYNLD) emerging as a near-certain entrant while three listed firms face a tight fight to avoid being dropped.

17 Apr 2026

12:44PM

FirstMetroSec maps PSE winners if Middle East conflict eases

Philippine stocks are entering a pivotal reset phase, with First Metro Securities saying the next move will hinge on whether easing geopolitical tensions translate into sustained macro relief.

10 Feb 2026

1:11PM

First Metro: MSCI shake-up unlikely for PH main index; Apex, Maynilad in focus

MSCI’s February 2026 rebalancing is shaping up to be calm for the Philippines’ main index, even after earlier jitters around a major blue chip, according to First Metro Securities.

10 Feb 2026

10:51AM

FirstMetroSec upgrades Globe price as Starlink, dividends drive recovery

Growing core telco earnings and upside from the Starlink partnership could unlock better profits and more reliable dividends for Globe Telecom, according to First Metro Securities (FMS).

15 Jan 2026

11:59AM

First Metro keeps buy on Megaworld, sees P10-20B annual luxury sales

Tycoon Kevin Tan-led Megaworld Corp.’s push into the high end could soon deliver P10-P20 billion in annual sales, an earnings lever that could help offset softer conditions in the broader property market.

29 Dec 2025

11:12AM

Liquid gold: First Metro turns bullish on Emperador, cites P110-B whisky value

First Metro Securities says Emperador is growing its core brandy business while holding whisky stocks worth as much as P110 billion, value it says the market has yet to fully recognize.