We’ve been blogging for free. If you enjoy our content, consider supporting us! Disclaimer: This is for informational purposes and is not investment advice. Figures are taken from company disclosures and exchange data; valuation ratios include the author’s calculations based on cited inputs. By now, Philippine investors know what an ABS‑CBN moment looks like. It is not the day the franchise expires. It is the long, uneasy stretch before it—when the market slowly realizes that a business built on regulatory permission is approaching a political decision point it does not fully control. That moment, quietly but unmistakably, has arrived for DMCI Holdings, Inc. (DMC) . Accuretti Systems has previously described DMC as facing an “ABS‑CBN dilemma” —a large, profitable enterprise whose most valuable cash‑generating asset rests on a government‑granted contract with a finite end date. Today, that analogy is no longer theoretical. It is fast becoming the dominant risk ...
We’ve been blogging for free. If you enjoy our content, consider supporting us! Disclaimer: This is for informational purposes and is not investment advice. Figures are taken from company disclosures and exchange data; valuation ratios include the author’s calculations based on cited inputs. When Jollibee Foods Corporation (JFC) was described late last year as a mature global consumer platform rather than a hypergrowth story , the intent was not to downplay growth—but to reframe how investors should think about valuation. The company’s preliminary Q4 2025 results now make that framing clearer and more relevant. JFC delivered all‑time high quarterly systemwide sales (SWS) of ₱122.3 billion , up about 12% year‑on‑year , while full‑year 2025 SWS grew 16.6% , surpassing management’s own growth expectations. For a restaurant group operating more than 10,000 stores across 33 countries , this is not hypergrowth. It is something more durable: scaled compounding . ...