The answer is … it depends on who you’re talking to.
If you subscribe to the belief of First Metro, then it’s a “hold” for the Ayala-led property giant, a downgrade from a “buy,” with the target price cut to just P15.50 a share, from the previous P28 each.
Its reasons for the downgrade? ALI supposedly has the “weakest” balance sheet among property developers under its coverage; the potential exit from the MSCI by August 2026, and the muted outlook for its leasing portfolio.
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Its bread-and-butter residential business was also cited as the “key overhang,” saying that it continues to “underperform.”FEATURED STORIES
