A Philippine Real Estate Investment Trusts (REIT) is a stock corporation established in accordance with the Philippine corporation code. The present corporation code in the Philippines is Republic Act No. 11232 (RA 11232). For purposes of clarity, a REIT, although designated as a “trust”, does not have the same technical meaning as “trust” under existing…Read More→
Cemex Holdings Philippines, Inc. (CHP) at 1.46 a share has a market capitalization of 19.69 Billion Pesos while Holcim Philippines, Inc. (HLCM) at 5.94 has a market capitalization of 38.33 Billion Pesos. For 1H 2020 HLCM generated 11.4 Billion Pesos of sales while CHP generated just 9.6 Billion Pesos. HLCM was able to translate it…Read More→
AREIT debuted in the market with a 27 per share public offering. At that time we said that buying AREIT at 27 could inflict capital loss as the market will have to price it down to set the appropriate yield for AREIT which could be around 5.5% to 7%. At the time AREIT was listed…Read More→
On August 12, 2020 Henry “Big Boy” Sy. Jr. moved 15,000,000 common shares of SM Investments Corporation (SM) from his brokerage account to a corporation which is also a controlling stockholder of SM. The transaction was crossed at 863.50 per share for a total of around 13 Billion Pesos. This transaction was disclosed by SM…Read More→
First Gen Corporation (FGEN) and subsidiaries earned $183 Million for the period 1H 2020. What is better is that it was able to translate such earnings into cash from operations of $302 Million. The cash generated from operations allow FGEN to bolster its liquidity. FGEN’s balance sheet has a cash of $748.7 Million as of…Read More→
TEL has been gradually accumulating debt. As of June 30, 2020 (1H 2020) total long-term debt of TEL is at 199.7 Billion Pessos. That is a significant 28.2% increase from 155.8 Billion Pesos as of the end of December 31, 2018. It can be remembered that on October 2019 TEL initiated a consent solicitation from…Read More→
Gold prices have surged in the wake of the COVID-19 pandemic as investors look for safer places to park their money. The jump in gold prices has boosted investors’ willingness to pump billions into the gold mining industry. Warren Buffet’s Berkshire Hathaway Inc. added to its portfolio a Canadian gold miner, Barrick Gold Corp. In the past, Warren…Read More→
ABS-CBN Corporation (ABS) has finally submitted its first half 2020 (1H 2020) results. The results showed that it has the financial strength to continue its operations. It has cash, cash equivalents, and short-term investments of 18 Billion Pesos as of end of 1H 2020 while debts due in the next 12 months is only 0.5…Read More→
MM is now trading at 3 times its IPO price of 1.00 a share. It is just two months since the IPO but its shares is already 3 times the IPO price and this is despite the fact that the IPO proceeds has not yet been fully used. Clearly the market has priced in the…Read More→
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