While the Asian stock markets have been mostly focused on the top-tier semiconductor stocks in the past year, many high quality, dividend yielding stocks have been increasingly ignored.
One of them has been Maynilad Water Services (MYNLD PM) which is one of the largest water and wastewater utilities in the Philippines.
Maynilad Water enjoys an excellent barriers to entry, high EBIT margins (nearly 60%), solid dividend yields (5.6%), and attractive valuations (P/E of 8.4x, P/B of 1.5x, and EV/EBITDA of 8.8x).
Source: Maynilad Water Services
