1Y Return: +172.7% (Screenshot 2026-05-31 213445.png)

Last Price: P1.50 (Screenshot 2026-05-31 213445.png)

Market Context: Choppies is the absolute standout performer on the list. While recent mid-2026 micro-level earnings show some bottom-line compression due to regional currency fluctuations and cyclical consumer tightening, the stock's massive 172.7% annual rally highlights a massive structural recovery. The group has been aggressively building scale, expanding its store footprint to over 300 locations across the SADC region, and successfully clearing substantial consortium debt, drastically improving its risk profile and investor sentiment.

1Y Return: +37.7% (Screenshot 2026-05-31 213553.png)

Last Price: P1.46 (Screenshot 2026-05-31 213553.png)

Market Context: BTCL’s strong 37.7% return has been heavily driven by a massive structural turnaround in its operational efficiencies. A aggressive national transition from copper to fibre infrastructure effectively wiped out tens of millions in legacy infrastructure theft losses (dropping from P57 million down to negligible amounts). Paired with booming demand for fixed data and mobile broadband, BTCL’s profit before tax surged by 30%, translating directly into excellent shareholder returns and high dividend yields.

1Y Return: +17.7% (Screenshot 2026-05-31 213445.png)

Last Price: P14.15 (Screenshot 2026-05-31 213445.png)

Market Context: Despite a highly constrained domestic consumer environment, the FMCG giant has maintained reliable growth. CA&S successfully expanded its top-line revenue by continuously onboarding new multinational clients and executing strategic geographical expansions, notably acquiring a major stake in the Tradco Group in East Africa to diversify its earnings.

1Y Return: +12.1% (Screenshot 2026-05-31 213445.png)

Last Price: P39.00 (Screenshot 2026-05-31 213445.png)

Market Context: As a premier defensive play on the BSE, Sechaba relies on stable, inelastic consumer demand for its beverage portfolio, allowing it to capture double-digit returns while passing inflationary costs down smoothly.

1Y Return: +9.6% (Screenshot 2026-05-31 213445.png)

Last Price: P5.70 (Screenshot 2026-05-31 213445.png)

Market Context: Capitalizing on a high-interest-rate environment, FNBB delivered solid single-digit capital gains alongside strong net interest margins, cementing its position as a reliable banking heavyweight.

1Y Return: +7.4% (Screenshot 2026-05-31 213445.png)

Last Price: P7.65 (Screenshot 2026-05-31 213445.png)

Market Context: Similar to FNBB, Absa leveraged consistent corporate loan book performance and digital banking transactional growth to secure a respectable 7.4% yearly gain.

1Y Return: +6.7% (Screenshot 2026-05-31 213445.png)

Last Price: P16.00 (Screenshot 2026-05-31 213445.png)

Market Context: Sefalana’s diversified consumer goods wholesale and retail model provided a strong defensive moat, keeping the stock safely in the green despite local macroeconomic friction.

1Y Return: +6.3% (Screenshot 2026-05-31 213553.png)

Last Price: P2.55 (RDCP) / P18.65 (CHOB) (Screenshot 2026-05-31 213553.png)

Market Context: Chobe Holdings benefited from a sustained rebound in high-end safari and luxury regional tourism. Concurrently, RDC Properties’ geographically diversified property portfolio cushioned it against local commercial real estate drops.

1Y Return: +3.7% (Screenshot 2026-05-31 213622.png)

Last Price: P0.28 (Screenshot 2026-05-31 213622.png)

1Y Return: +3.4% (Screenshot 2026-05-31 213622.png)

Last Price: P3.05 (Screenshot 2026-05-31 213622.png)

Market Context: Driven by robust performance in industrial and logistics real estate, which has heavily outpaced residential and commercial sectors.

1Y Return: +3.3% (Screenshot 2026-05-31 213445.png)

Last Price: P23.75 (Screenshot 2026-05-31 213445.png)

1Y Return: +2.9% (Screenshot 2026-05-31 213622.png)

Last Price: P0.70 (Screenshot 2026-05-31 213622.png)

1Y Return: +2.5% (Screenshot 2026-05-31 213622.png)

Last Price: P1.65 (Screenshot 2026-05-31 213622.png)

1Y Return: +1.3% (Screenshot 2026-05-31 213445.png)

Last Price: P8.76 (Screenshot 2026-05-31 213445.png)

1Y Return: +1.0% (Screenshot 2026-05-31 213553.png)

Last Price: P4.06 (Screenshot 2026-05-31 213553.png)

Far Property (FPC-EQU): P1.80 (Screenshot 2026-05-31 213622.png)

Shumba Energy (SHUM-EQO): P0.90 (Screenshot 2026-05-31 213622.png)

Minergy (MIN-EQO): P0.40 (Screenshot 2026-05-31 213622.png)

Engen Botswana (ENG-EQO): P14.25 (Screenshot 2026-05-31 213553.png)

Access Bank Botswana (ACC-EQO): P2.04 (Screenshot 2026-05-31 213553.png)

Seed Co International (SEED-EQO): P3.50 (Screenshot 2026-05-31 213553.png)

1Y Return: -8.6% (Screenshot 2026-05-31 213622.png)

Last Price: P1.17 (Screenshot 2026-05-31 213622.png)

Market Context: Suffered under intense cost-side margins from food inflation, localized utility adjustments, and lower domestic business travel budgets.

1Y Return: -8.8% (Screenshot 2026-05-31 213553.png)

Last Price: P2.06 (Screenshot 2026-05-31 213553.png)

Market Context: Experienced valuation corrections due to soft rentals and rising vacancy rates in premium retail and commercial office properties.

1Y Return: -9.0% (Screenshot 2026-05-31 213622.png)

Last Price: P0.91 (Screenshot 2026-05-31 213622.png)

Market Context: Squeezed heavily by mandatory living-wage adjustments and aggressive labor cost increases across the domestic security sector that are incredibly difficult to pass on quickly to contract clients.

1Y Return: -19.0% (Screenshot 2026-05-31 213553.png)

Last Price: P0.85 (Screenshot 2026-05-31 213553.png)

Market Context: As the worst performer on the list, the microfinance giant faced massive headwinds. Significant executive leadership restructuring early on and systemic liquidity constraints forced a major operational refocus. To stabilize, the group has had to scale back underperforming operations and pitch the structural offloading of selected non-core assets across East and West Africa, driving a temporary valuation pullback.