Global Value Investing

[throwerw]

AEV PE 10

http://www.aboitiz.com/AEV/uploads/file/AEV%20FY2010%20Financial%20&%20Operating%20Performance_final.pdf

85% of earnings come from their ownership in Aboitz Power, 10% comes from Union Bank of the Philippines

AP PE 9.2

Half of generation comes from hydro and geothermal, Half comes from coal and oil

Power rates were way up in 2010, which resulted in a windfall for the company

Philippines has the highest power rates in the world
http://texaninthephilippines.com/2011/02/26/pi-has-worlds-highest-power-rates/

UBP PE 7.3

I'm not a bank expert, but this one looks pretty solid.