A reader recently asked me what are the best stocks in the Philippines which he can buy for long term investment, specifically those which he can use for cost averaging.

If youre not familiar with stock market investing, then I suggest you read this blogs primer first: How To Invest In The Stock Market

Also, if youre not familiar with how cost averaging works, you may want to visit this article: How To Do Cost Averaging

Now for those who are already well-informed and ready to invest in the stock market, then below are sixteen Philippine companies which my stock broker, Citiseconline. has determined to be the best choices for cost averaging.

Note: Check out all the registered stock brokers in the Philippines HERE.

According to them, these companies possess the GEMSS criteria:

• G – Growing industry
• E – Earnings visibility
• M – Management credibility
• S – Superior products
• S – Strong balance sheet

Ayala Corp. (AC)

A holding company for diversified interests in banking (BPI), real estate (ALI), and utilities/water distribution (MWC).

Ayala Land, Inc. (ALI)

Largest and most experienced real estate developer

Aboitiz Power Corp. (AP)

Leading player in the Philippine power industry – power generation and distribution in Visayas and Mindanao.

Banco De Oro (BDO)

The holding company of the SM Group of Companies engaged shopping mall development, retail, financial services, real estate development and tourism and hotels and conventions.

SM Prime Holdings (SMPH)

Engaged in developing and operating modern shopping centers with over 40 SM Supermalls in the Philippines and three SM supermalls in China.

Philippine Long Distance Tel. Co. (TEL)

Leading telecommunications provider in the Philippines with three principal business groups fixed line, wireless, and information and communication technology.

Universal Robina Corp. (URC)

Leading branded convenience food and beverage company in the Philippines, and a major player in the Southeast Asian region and greater China.

Lastly, please note that starting this year, the Philippine stock market is now open from 9:30 AM until 3:30 PM. with a market recess between 12:00 NN until 1:30 PM. Thats more trading hours for all of us!