Investors who stuck with bilyonaryo Dennis Anthony Uy had the biggest payoff in 2021.
The Pampanga businessman’s Converge ICT Solutions (CNVRG) was the best performing stock with the only triple-digit growth in the 30-member Philippine Stock Exchange Index last year.
CNVRG, the country’s leading pure fiber data and internet service provider, soared 114 percent year on year to P31.90 in 2021. CNVRG hit a 52-week high of P45.40 or triple its opening day price of P15.22 in October 2020.
William Belo’s big-box retailer Wilcon (WLCON) Depot was the second biggest winner with an 80.5 percent gain to P30.50. WLCON’s sales more than doubled to P1.9 billion in the first nine months of 2021 with Filipinos taking up more renovation projects as they spent more time at home due to the pandemic.
The Ayalas’ Globe Telecom (GLO) jumped 63.6 percent to P3,322, peaking at an all-time high of P3,670. Investors scrambled to ride on GLO after its massively popular GCash reached double unicorn status or $2 billion in valuation.
The Ayalas’ power unit, AC Energy, was also the fifth-best performer with a 36 percent gain to P11.
Another big advancer is Ricky Razon’s International Container Terminal Services Inc. (ICT) which climbed 62 percent to P200. ICT rocketed to a record high of P213.60 as profits swelled 73 percent to $316 million in the first nine months.
ICT’s performance more than made up for the weak performance of Bloomberry Resorts, operator of the pandemic-stricken Solaire Hotel and Casino, which dropped 22 percent to P6.30, No. 4 on the top index decliners.
Rounding up the Top 10 index winners of 2021 are:
6) PLDT up 35 percent
7) Aboitiz Equity Ventures up 15 percent
8) Metropolitan Bank & Trust Co. up 13 percent
9) Bank of the Philippine Islands up 13 percent
10) BDO Unibank up 13 percent
But these gains were not enough to carry the PSE Index which slipped .24 percent to 7,122 in 2021.
The index, which fluctuated between 6,080 and 7,475 in 2021, lost three percent on its last trading day with the arrival of the Omicron variant in the country.
The biggest loser among index stocks was Lance Gokongwei’s JG Summit which plunged 26 percent to P53. The conglomerate’s profits were dragged by the heavy losses of its budget airline, Cebu Pacific.
Gokongwei’s Universal Robina Corp. (URC) was also the fifth worst-performing stock of 2021. URC lost 16 percent to P128 per share.
The lingering travails of the travel business also weighed down Lucio Tan’s LT Group which lost 24 percent to P9.90, the second worst-performing stock of 2021. Tan’s Philippine Airlines filed for bankruptcy protection in the United States
Andrew Tan’s Megaworld was third on the losers’ list with a 23 percent drop to P3.15.
Rounding up the Top 10 index losers of 2021 are:
6) SM Prime Holdings down 12 percent
7) Security Bank down 11 percent
8) San Miguel Corp. down 10 percent
9) Ayala Land Inc. down 10 percent
10) SM Investments Corp. down 10 percent