Global Value Investing

[throwerw]

ICT The reasoning for making this a top 3 investment doesn't really jump out at me.

2010 Annual Report
http://www.pse.com.ph/html/ListedCompanies/pdf/2011/ICT_A17A_Dec2010.pdf

PE 22
PB 3

Earnings and EPS nearly doubled while revenue only increased by about 25%. Perhaps the company has some untapped pricing power that makes this possible.

TEL (ADR:PHI) I was already considering this as an investment before they announced a merger which sparked a run-up in the price. The merger will make PHI the dominant player in the Filipino mobile communication industry.

PE 11.5
Div 6%

"Philippine Long Distance Telephone Co. announced it expects that there's probably going to be some modest dilution in fiscal 2011 and as the Company go into fiscal 2012. But it would expects by the time the Company get to fiscal 2013 the combined EPS would be ahead of where it would have been on a stand-alone basis. According to Reuters Estimates, analysts on an average are expecting the Company to report EPS of USD4.98 for fiscal 2011; EPS of USD4.98 for fiscal 2012; EPS of USD5.41 for fiscal 2013."

IPO For-profit education in the Philippines.

2010 Annual Report
http://www.pse.com.ph/html/ListedCompanies/pdf/2011/IPO_17A_Dec2010.pdf

PE 9
Div 4.5%

Looks reasonably priced. Anyway the point is you can buy these stocks for less than half their current price through ANS.