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WLCON (WILCON DEPOT, INC.) growing, debt-free, and cash flow positive despite the pandemic

WILCON DEPOT, INC. (WLCON) is a hardware store operator doing business under the name and style of WILCON DEPOT and WILCON HOME ESSENTIALS. It has 61 stores across the country. During the year WLCON opened four new depots all located in Luzon. WLCON recorded net sales of ₱15.8 Billion for the nine-month period ended SeptemberContinue reading “WLCON (WILCON DEPOT, INC.) growing, debt-free, and cash flow positive despite the pandemic”

SCC (Semirara Mining & Power Corporation) 9M20 results a preview of the new normal

Semirara Mining & Power Corporation nine months of 2020 results showed a significant decline in coal sales. For 9M20 it reported revenue from coal of 11 Billion Pesos.  It is a decline of 53% from last year’s 23.3 Billion Pesos. Semirara Mining and Power Corporation (SCC) is the largest coal miner in the Philippines. ItContinue reading “SCC (Semirara Mining & Power Corporation) 9M20 results a preview of the new normal”

CHP announced 9M20 results, announcement on the replacement of the resigned Director more exciting

Cemex Holdings Philippines (CHP) announced today that its consolidated net sales decreased by 17%, reaching PHP 15.1 billion during the first nine months of 2020, versus the comparable period in 2019. Sales decreased by 6% year-over-year in the third quarter, reaching about PHP 5.5 billion. The result showed the negative impact of the COVID-19 pandemicContinue reading “CHP announced 9M20 results, announcement on the replacement of the resigned Director more exciting”

Insider selling, ACEN subsidiary Bulacan Power selling 3,500,000 ACEN shares

Bulacan Power Generation Corporation is a wholly owned subsidiary of AC Energy Philippines, Inc. (ACEN). Bulacan Power Generation Corporation has been owning shares of ACEN. On October 28, 2020 (disclosed October 29) Bulacan Power Generation Corporation dumped into the market 3,500,000 shares at a range of 3.82 to 3.87. When most companies are buying backContinue reading “Insider selling, ACEN subsidiary Bulacan Power selling 3,500,000 ACEN shares”

PGOLD builds-up inventory at end of 3Q20 burning 1 Billion Pesos in its operations in the process, solid gold PGOLD still valued by the market cheaper than MerryMart and 7-Eleven

Puregold Price Club, Inc. ‘s (PGOLD) fundamentals remain strong.  At the end of 3Q20 PGOLD’s cash ballooned to 26.7 Billion Pesos as it availed of a 12 Billion Pesos of long-term loans it didn’t need.  PGOLD ended with cash more than 2x its current liabilities of 11.4 Billion Pesos. In the third quarter of 2020,Continue reading “PGOLD builds-up inventory at end of 3Q20 burning 1 Billion Pesos in its operations in the process, solid gold PGOLD still valued by the market cheaper than MerryMart and 7-Eleven”

In the coal plant ban rally market forgets to include ANS

The Department of Energy (DOE) announced yesterday that it has declared a moratorium on new coal power plant projects. The decision to halt the approval of applications for greenfield coal-fired power plants was to address the need of the country for a shift to a more flexible power supply mix as well as to accommodateContinue reading “In the coal plant ban rally market forgets to include ANS”

CNVRG maybe a casualty of the biggest-ever IPO; mammoth ANT IPO may suck funds from PSEI

Since day one CNVRG shares have been on a free-fall touching a low of 13.20 from the IPO price of 16.8 as the market openly sells CNVRG. Market players wondered who and what triggered the selling.  Many experts said that the IPO was expensively priced.  But if that triggered the selling, didn’t the IPO subscribersContinue reading “CNVRG maybe a casualty of the biggest-ever IPO; mammoth ANT IPO may suck funds from PSEI”

ABG jumped 17.49% in one day as loosening of restrictions made market fantasize on Okada Manila going public one day

Asiabest Group International (ABG) jumped 17.49% on October 27, 2020 trading to close at 8.80 Pesos a share. Within that trading day it surged to as high as 9.50 a share. Volume on that trading day was at 207,900. That volume is eight times its 65-day average. It was commented earlier that the market isContinue reading “ABG jumped 17.49% in one day as loosening of restrictions made market fantasize on Okada Manila going public one day”

Pandemic risked CEB (Cebu Pacific) becoming a money pit for Gokongwei’s JG Summit Holdings

The airline industry faces significant challenges because of the unprecedented events brought by the COVID-19 pandemic. Travel restrictions imposed by various governments, both local and abroad, have led to abrupt reduction in passenger traffic and cast uncertainty over the near-term prospects of the industry. In the 2Q20 where it did nothing much else, CEB incurredContinue reading “Pandemic risked CEB (Cebu Pacific) becoming a money pit for Gokongwei’s JG Summit Holdings”

NIKL’s (Nickel Asia Corporation) cash to keep on piling as demand for nickel outpaces supply

Nickel Asia Corporation (NIKL) as of June 30, 2020 is sitting on a 10.8 Billion of cash. On top of that are financial assets valued at 4.7 Billion Pesos. NIKL has been resilient amidst the pandemic.  In the first half of 2020 it earned 777 Million Pesos. Of that earnings it generated cash from itsContinue reading “NIKL’s (Nickel Asia Corporation) cash to keep on piling as demand for nickel outpaces supply”

NOW may be NEVER as CNVRG backer cashes out stake

Now Corporation (NOW) is a company engaged in the business of technology, media, and telecommunication. As of March 31, 2020, its significant stockholders were Velarde, Inc. a Filipino corporation with direct 21.28% stake and Top Mega Enterprises Limited a corporation with Chinese nationality with a 20.39% stake.  But as of June 30, 2020 Velarde, Inc.’sContinue reading “NOW may be NEVER as CNVRG backer cashes out stake”

Universal Robina (URC) 9M20 results revealed its strength and acquisition capacity for growth

Universal Robina Corporation (URC) earned 8.1 Billion Pesos for the nine months ending September 30, 2020.  That is an increase of 12% from the same period last year.  URC was able to reduce the input costs of its product by around 1 Billion Pesos.  The cost savings translated to a higher net income for URCContinue reading “Universal Robina (URC) 9M20 results revealed its strength and acquisition capacity for growth”

ALI (Ayala Land) unloads Ortigas mall to AREIT for 5.1 Billion Pesos, transaction may bode well for ALI holders but not so for AREIT

AREIT just announced that it is buying The 30th from its sponsor, Ayala Land (ALI) for 5.1 Billion Pesos.  The 30th is a shopping mall built and managed by Ayala Malls. It is the first Ayala Mall in Ortigas Center as well as in Pasig City. The mall was named “The 30th” as it isContinue reading “ALI (Ayala Land) unloads Ortigas mall to AREIT for 5.1 Billion Pesos, transaction may bode well for ALI holders but not so for AREIT”

FEU lost 152 Million Pesos on 1Q FY20-21, collected fees in advance to generate cash

Far Eastern University, Incorporated (FEU) suffered a net loss on the first quarter of its fiscal year 2020-2021 of 152 Million Pesos. First quarter results in fiscal year 2020-2021 were lower than the previous year’s comparative quarter due primarily to this school year’s later start of classes, lower enrolment, and tuition fee discounts for onlineContinue reading “FEU lost 152 Million Pesos on 1Q FY20-21, collected fees in advance to generate cash”

BEL’s (Belle Corporation) 9M20 result suggests PLC’s 15% dividend yield may no longer be true

BEL’s (Belle Corporation) 9M20 result suggests PLC’s 15% dividend yield may no longer be true Belle Corporation (BEL) is a developer of tourism and leisure destinations in the Philippines. Its principal asset is the City of Dreams Manila in PAGCOR Entertainment City by Manila Bay, which is being leased on a long-term basis to Melco.Continue reading “BEL’s (Belle Corporation) 9M20 result suggests PLC’s 15% dividend yield may no longer be true”

JFC (Jollibee) surge after tech announcement tells ABS (ABS-CBN) about what drives value

Jollibee Food Corporation (JFC) surged to a high of 177.80 high after it announced the launching of its Jollibee app. Before that JFC was just trading at around 140 level. The launching of the Jollibee app signifies that its Business Transformation program announced a quarter ago is taking shape.  The business transformation program of JFCContinue reading “JFC (Jollibee) surge after tech announcement tells ABS (ABS-CBN) about what drives value”

BPI 9M20 net income of 17.2 Billion, a 22.1% drop from last year’s 22.03 Billion, anticipates increase in Non-Performing Loans

BPI PRESS RELEASE: BPI raises 9M 2020 provisions to 21.1 billion MAKATI CITY, Philippines — Bank of the Philippine Islands booked P21.06 billion in provisions for loan losses in the first nine months of 2020 in anticipation of an increase in NPL levels in light of the continued weakness in the economic landscape. This provisionContinue reading “BPI 9M20 net income of 17.2 Billion, a 22.1% drop from last year’s 22.03 Billion, anticipates increase in Non-Performing Loans”

Market begins to remember ABG (Asiabest Group International), rises 4.07% with above average volume

Asiabest Group International Inc. (ABG) is a shell company controlled by Tiger Resort Asia Limited. Tiger Resort Asia Limited is a foreign company incorporated in Hong Kong. Tiger Resort Asia Limited is 100% owned by Universal Entertainment Corporation, a foreign company incorporated in Japan and listed in the Tokyo Stock Exchange.  Universal Entertainment Corporation isContinue reading “Market begins to remember ABG (Asiabest Group International), rises 4.07% with above average volume”

PH Resorts (PHR) negotiates conversion of around 6 Billion-Peso short-term loan to a long-term loan to help weather the storm, at 1.68 a share PHR offers reward that may go up to the moon if PHR weathers storm

PH Resorts Group Holdings, Inc. (PHR) is in the process of raising 756 Million Pesos of fresh capital through a follow-on offering.  Fresh funds will be used to jumpstart construction of PHR’s casino resort in Mactan island, Cebu. PHR is a start-up in the resort and hospitality industry.  As a start-up it needs the fundsContinue reading “PH Resorts (PHR) negotiates conversion of around 6 Billion-Peso short-term loan to a long-term loan to help weather the storm, at 1.68 a share PHR offers reward that may go up to the moon if PHR weathers storm”

Falling behind MerryMart in P/BV ratio, Robinsons Retail buys 300-store Rose Pharmacy to solidify further its cash making capabilities

Falling behind MerryMart in P/BV ratio in a wide margin, Robinsons Retail buys 300-store Rose Pharmacy to solidify further its cash making capabilities RRHI a cash machine Robinson Retail Holdings, Inc. (RRHI) has been pandemic resilient.  RRHI proved to be a cash machine amidst the pandemic.  In the first half of 2020 (1H20) when theContinue reading “Falling behind MerryMart in P/BV ratio, Robinsons Retail buys 300-store Rose Pharmacy to solidify further its cash making capabilities”