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58% dividend increase fails to lift COSCO up

In 2021, COSCO declared a total dividend of 0.12 per share. COSCO hike the dividend to 0.19 per share in 2022. The dividend increase is about 58%. But despite the dividend increase, COSCO is still heading to the bottom. COSCO’s PE is only at 2.69X while P/BV is only at 0.3725. These make COSCO one…

186M/1,887M of FCG’s total assets are advances to related parties

On January 24, 2022, Figaro Coffee Group (FCG) launched its initial public offering and listed its shares at the Philippine Stock Exchange. FCG raked in gross proceeds from the exercise of 698Million. After the IPO, as of 31 March 2022, the amount due from related parties ballooned to 293Million from only 68M as of 30…

ACEN didn’t rid of coal power, sourced power from GNP Dinginin

In November 2022, ACEN announced the divestment of its subsidiary South Luzon Thermal Energy Corporation (SLTEC). SLTEC is the operator of a 246-MW coal plant. ACEN touted that it exited its coal subsidiary through the world’s first market-based Energy Transition Mechanism (ETM). It said that the ETM will enable the early retirement of the 246-MW…

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