First Metro Securities

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.

5 Dec 2025

7:36PM

First Metro Securities unveils 2026 PSE range, key stock calls

Philippine equities are entering 2026 with a bruised valuation base but clearer opportunities after a year marked by calamities, corruption probes, and a Peso weakened by the narrowing interest rate gap between the Bangko Sentral ng Pilipinas and the US Federal Reserve.

17 Sep 2025

8:58AM

FirstMetroSec resumes Megawide coverage with bullish “Buy” rating

First Metro Securities has reinstated coverage on Megawide Construction Corp. with a “Buy” rating, saying the builder’s earnings are on track to triple in the next few years.

28 Aug 2025

2:18PM

FirstMetroSec sees mobile opening for Converge’s Dennis Uy, who once eyed 3rd telco slot

By: Miguel R. Camus

Brokerage house First Metro Securities sees an opening for Converge’s Dennis Uy to break into the mobile market, reviving ambitions he first pursued in the 2018 bid for a third telco player.

26 Aug 2025

10:54AM

Konektadong Pinoy Act shakes up telco sector; First Metro sees clear winner

By: Miguel R. Camus

The law lapsed into effect on Aug. 24, setting the stage for a major shake-up in the Philippine telecom sector since it introduces reforms that will lower entry barriers and overhaul decades-old rules.

8 Aug 2025

9:31AM

MSCI changes coming to PSE stocks, First Metro Securities’ forecasts on point

By: Miguel R. Camus

The closely-followed Morgan Stanley Capital International (MSCI) rebalancing is set to reshape the Philippines Small Cap Index, with investors watching stocks that are poised to attract fresh fund inflows.

24 Jul 2025

2:35PM

First Metro Securities rates Megaworld a ‘buy,’ calls it extremely undervalued

First Metro Securities has tagged Megaworld as “extremely undervalued,” issuing a buy call as it highlights the developer’s township model and resilience in a soft office market.

18 Jun 2025

6:20AM

First Metro Securities: These 5 consumer stocks will lead PH spending rebound

As Filipino consumers start spending again, the next big winners in the market may already be taking shape.

28 Apr 2025

12:11PM

FirstMetroSec cuts 2025 PSE index target by 700 points amid mounting global risks

First Metro Securities (FMS) Research sharply cut its year-end target for the Philippine Stock Exchange index (PSEi) to 6,900 as global risks pile up, including new trade tensions and aggressive US policy shifts.