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Manila Electric (MER.PS)*

UBS Rating and Price Target History Chart

Line chart explaining Price target vs Stock Price is described in below table

EQ Rating & Price Target Table

Date	Stock Price (P)	Price Target (P)	Rating
2022-07-22	354.00	-	No Rating
2023-02-07	297.00	309.00	Neutral
2023-04-24	321.40	325.00	Neutral
2023-07-31	356.00	356.00	Neutral
2024-02-29	390.00	381.00	Neutral
2024-08-20	415.00	-	No Rating
2025-10-15	558.00	630.00	Buy

Disclosures

UBS is acting as a financial advisor to Globe Telecom, Inc. (principal shareholders are Singapore Telecommunications Ltd and Ayala Corp) on the sale and leaseback of a portfolio of telecom towers to MIESCOR Infrastructure Development Corporation and Frontier Tower Associates Philippines, Inc.
Within the past 12 months, UBS has received compensation for investment banking services from this company/entity or one of its affiliates.

Note : Historical Price Targets have been adjusted to account for any stock splits, rights issues and/or dividends which may have occurred for this security. Not Priced: Stock was not priced on the given date. No Rating: Issuer was not rated by UBS on the given day. No Price Target: For this issuer no Price Target was set by UBS on the given day. Issuers with an EQ Rating & Price Target Table are covered by UBS-IB Equity Research Analysts. Issuers without an EQ Rating & Price Target Table are not single stock covered.

* Issuers marked with an asterisk are covered by UBS-IB Equity Research Analysts. Issuers without an asterisk are not single stock covered.