The firm highlighted opportunities in sectors like property, power, and consumer, noting that certain names in these areas still offer compelling upside despite the trimmed PSEi target.
“We reduced our [earnings per share] assumption from 10 percent down to 8 percent driven by still the uncertainties related to the global trade tensions,” Peter Louise Garnace, Unicapital Securities research analyst, said during their mid-year media briefing on Wednesday.
Top 3 picks
Garnace said their top picks are the Ayala Group’s AREIT Inc. (AREIT), the Co family’s Puregold Price Club (PGOLD), and Manuel V. Pangilinan-backed Manila Electric Co. (MER).
It said AREIT offers a projected 20 percent total return (including dividends), with a target of P48.30.
Puregold (PGOLD), seen as undervalued with a 5 percent dividend yield, has a target price of P48.90.
Meanwhile, Meralco (MER) is forecast to deliver a 14 percent return, anchored on a strong 2025 return on equity estimate of 30 percent and a 5 percent yield, with its share price expected to climb to P590 per share.
Miguel R. Camus has been a reporter covering various domestic business topics since 2009.
