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Then again, Big Boy transferred another 25,342,447 SM shares valued at around 22.3 Billion to his brokerage account

On September 18, 2020, Henry “Big Boy” Sy Jr. transferred another 25,342,447 SM Investments Corporation (SM) shares from direct holdings to his brokerage account.  That block of shares will be valued at around 22.3 Billion Pesos. Previously, he transferred a block of 35,367,989 SM shares from direct holdings to his brokerage account. Of that block,Continue reading “Then again, Big Boy transferred another 25,342,447 SM shares valued at around 22.3 Billion to his brokerage account”

Cebu Pacific (CEB) incurred 7.7 Billion operating expenses in a quarter where it did nothing much else, severe losses may continue

The second quarter of 2020 (2Q20) saw the country stand still.  As the government imposed the severest of the measures  to contain the COVID-19 Pandemic, the country’s economic activity almost ground to a halt.  In that quarter, Cebu Pacific (CEB) virtually stopped its flight operations. Despite the fact that CEB stopped its operations, operating expensesContinue reading “Cebu Pacific (CEB) incurred 7.7 Billion operating expenses in a quarter where it did nothing much else, severe losses may continue”

PRESS RELEASE: MWIDE To Raise 3 Billion Preferred Shares with Oversubscription of up to 5 Billion to Fund Runway for Growth

Note: This is not a commentary but a press release from MWIDE. Accuretti Systems made an earlier commentary that MWIDE with 12.3 Billion current notes & loans payable may have to ask banks for accommodations. Metro Manila, Philippines – Diversified engineering and infrastructure conglomerateMegawide Construction Corporation (“the Company”) is raising fresh funds from the capitalContinue reading “PRESS RELEASE: MWIDE To Raise 3 Billion Preferred Shares with Oversubscription of up to 5 Billion to Fund Runway for Growth”

Gokongwei’s JG Summit Holdings (JGS) remains strong amidst the pandemic

JG Summit Holdings, Inc. (JGS) and subsidiaries continue to be strong and resilient in the first half of 2020 (1H20) despite the disruption brought about by the COVID-19 pandemic. The implementation of the enhanced community quarantine (ECQ) starting mid-March has severely impacted the operations of its airline, petrochemicals, malls & hotels operations but the severeContinue reading “Gokongwei’s JG Summit Holdings (JGS) remains strong amidst the pandemic”

Megawide with 12.3 Billion current notes & loans payable may have to ask banks for accommodations

Megawide Construction Corporation’s (MWIDE) current notes and loans payable as of June 30, 2020 stood at 12.3 Billion Pesos. While, MWIDE’s cash balance as of that date stood at 4.8 Billion Pesos only. As of the first half of 2020, MWIDE was generating cash from operations. In that period it was able to generate 2.4Continue reading “Megawide with 12.3 Billion current notes & loans payable may have to ask banks for accommodations”

DoubleDragon’s (DD) $75 Millon proceeds from bond offering may not be enough to address short-term debts

DoubleDragon Properties Corp. (DD) just recently successfully concluded last July 21, 2020 its maiden US$75,000,000 5-year dollar bond issuance which is now listed in the Singapore Exchange Securities Trading Limited (SGX). According to DD’s disclosure the bond is trading above par or on a premium. As of end of the first half of 2020, DDContinue reading “DoubleDragon’s (DD) $75 Millon proceeds from bond offering may not be enough to address short-term debts”

DoubleDragon (DD)cash dividends may take a while as retained earnings propped up with unrealized valuation gains

It has been five years since DoubleDragon Properties Corp. (DD) common shareholders tasted dividend. In the near term, it is most likely that DD holders might not taste dividend still. On April 2016, DoubleDragon Properties Corp. issued a cumulative, non-voting, non-participating, redeemable at the option of DoubleDragon Properties Corp., convertible at the ratio of 1Continue reading “DoubleDragon (DD)cash dividends may take a while as retained earnings propped up with unrealized valuation gains”

Ayala Land’s (ALI) short-term and current debt at 54 Billion Pesos as of end of 1H 2020, enough to give shareholders some thrill

First semester 2020 results of Ayala Land, Inc. (ALI) showed that its short -term debts amounted to 41.5 Billion Pesos while the current portion of the long-term debts amounted to 12.5 Billion Pesos for a total of 54 Billion Pesos. This figure should make ALI shareholders nervous because as of end of the first semesterContinue reading “Ayala Land’s (ALI) short-term and current debt at 54 Billion Pesos as of end of 1H 2020, enough to give shareholders some thrill”

Gabby Lopez resigns as wealth erosion puts control of the Lopez group at risk

ABS-CBN Corporation (ABS), Rockwell Land Corporation (ROCK), and First Gen Corporation (FGEN), are operating public companies that are thought to be owned by the Lopezes. But the Lopezes do not actually owns them. The Lopezes only control them. They wield control over these companies through layers of holding companies. At a market capitalization of aroundContinue reading “Gabby Lopez resigns as wealth erosion puts control of the Lopez group at risk”

Aboitiz Equity Venture (AEV) 10.5-Billion Bonds matured on August 6, 2020, no disclosure if the said bonds has been settled

Aboitiz Equity Ventures Inc. (AEV) reported on its July 30, 2020 first semester financial statements that AEV, the parent compay, has a 10.5-Billion Peso Bond maturing on August 6, 2020 and another 6.2-Billion Pesos bond will be maturing on November 21, 2020. As of December 31, 2019, AEV, the parent company, had cash and cashContinue reading “Aboitiz Equity Venture (AEV) 10.5-Billion Bonds matured on August 6, 2020, no disclosure if the said bonds has been settled”

Mom & Pop investors chased other Mom & Pop’s MM shares after “dark grocery” unveiled, “dark grocery” could be a cash burner

Ahead of the announcement by MerryMart Consumer Corp. (MM) that it had signed an agreement with FoodPanda Philippines to operate and pioneer the “dark grocery” store concept in the Philippines with the aim of becoming the first 15-minute grocery delivery service in the country, MM was traded heavily. At the September 23, 2020 trading, MMContinue reading “Mom & Pop investors chased other Mom & Pop’s MM shares after “dark grocery” unveiled, “dark grocery” could be a cash burner”

Alliance Global Group, Inc. (AGI) boosts stake in Emperador (EM) to 83.43%

Emperador Inc. (EMP) showed resilience amidst the pandemic. EMP was able to grow net profit to owners in the first half of 2020 by 2.4% as compared to the same period last year. The increase in net profit to owners might be small but in the midst of the ravages of the COVID-19 pandemic itContinue reading “Alliance Global Group, Inc. (AGI) boosts stake in Emperador (EM) to 83.43%”

Emperador (EMP) showed resilience, generates cash from operation despite the worst of times

The world saw the rapid spread of COVID-19, a novel strain of coronavirus, during the first quarter of the year which continued in the second quarter. In January, the outbreak was declared as a public health emergency of international concern; and in March, it was characterized as a pandemic as it had reached 114 countriesContinue reading “Emperador (EMP) showed resilience, generates cash from operation despite the worst of times”

AREIT might just go high-yield, was it oversubscribed?

Prior to the AREIT listing date, AREIT sponsor – Ayala Land, Inc. (ALI) disclosed to the Philippine Stock Exchanged that the AREIT IPO was oversubscribed by twice the base offer, with “high-quality” domestic and international institutional investors participating in the book-building notwithstanding the continuing coronavirus (COVID19) pandemic. The “oversubscription” was widely reported in various newsContinue reading “AREIT might just go high-yield, was it oversubscribed?”

Investor confidence in Metrobank (MBT) building up?

The September 18, 2020 saw an above average trading volume of Metropolitan Bank & Trust Company/Metrobank (MBT) shares. MBT trades at a 65-day average volume of 3,365,912 but on September 18, 2020 trading, MBT’s volume was at 5,239,200. A closer look on the September 18, 2020 trading day, would tell us that there could haveContinue reading “Investor confidence in Metrobank (MBT) building up?”

GTCAP may have to keep access to credit facilities handy

The first half of 2020 (1H 2020) saw the worst of the measures to keep COVID-19 at bay. As a result, business activities were grounded almost to a halt. GT Capital Holdings, Inc. (GTCAP) was not spared. Automotive operations and real estate sales declined in first half of 2020. Real estate operations of GTCAP areContinue reading “GTCAP may have to keep access to credit facilities handy”

Cemex accumulated CHP at prices well below what investors paid during the SRO, CHP a Cemex masterclass

On January 2020 just before the Covid-19 pandemic kicked-in, Cemex Holdings Philippines, Inc. launched a Stock Rights Offering (SRO) raising 12.8 Billion Philippine Pesos .  The SRO was priced at 1.54 Philippine Pesos a share. The SRO proceeds didn’t count much to improve the prospect of CHP. Of the total proceeds of 12.8 Billion Pesos,Continue reading “Cemex accumulated CHP at prices well below what investors paid during the SRO, CHP a Cemex masterclass”

Henry “Big Boy” Sy Jr. raised a 5.7 Billion-Peso war chest selling 6,500,000 SM shares during the ghost month

Without regards to the ghost month, Henry “Big Boy” Sy Jr. disposed 6.5 Million SM Investment Corporation (SM) shares to the market in the month of August up to the first week of September 2020 raising 5.7 Billion Pesos. Big Boy’s selling spree briefly sent SM shares to a low of 810 a share makingContinue reading “Henry “Big Boy” Sy Jr. raised a 5.7 Billion-Peso war chest selling 6,500,000 SM shares during the ghost month”

Time to take profit from TEL, follow the lead

On September 15, 2020 TEL shares traded on a volume of 278,935, well above its 65-day average volume of 172,186. Usual brokers of foreign investors in the likes of UBS, CLSA, and Credit Suisse took the lead in selling TEL that day. At the height of the March sell-down, TEL traded to a low ofContinue reading “Time to take profit from TEL, follow the lead”

ABS should be a buy if it sells Sky Cable stake for >16 Billion Pesos

The loss of the right to operate a broadcasting network for failure to secure a congressional franchise should not have been an issue for ABS-CBN Corporation (ABS). Broadcasting and linear tv are declining industries and the future is curated digital content distribution and monetization, think of Netflix, Youtube, and TikTok. With its dominant and worldContinue reading “ABS should be a buy if it sells Sky Cable stake for >16 Billion Pesos”