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Traders betting on LAND and CDC benefiting from low interest rate regime

Shares of home developers City & Land Developers (LAND) and Cityland Development (CDC) jumped 22.79% and 17.95% respectively on 30 March 2021. LAND is a subsidiary of CDC. Both companies are mostly into residential development. Trading of LAND and CDC registered volumes far above 65-day averages. The sudden interest on LAND and CDC by investorsContinue reading “Traders betting on LAND and CDC benefiting from low interest rate regime”

DM Consunji (DMC) sustains dividend distribution, yields 8.5%

DMCHI Holdings (DMC) declared a cash dividend of 0.48 Pesos a share on 29 March 2021. The dividend declared per share is the same amount of dividend declared last year. With DMC closing at 5.65, the dividend declared would indicate a yield of 8.5%. DMC’s total dividend payout would amount to 6.37 Billion Pesos. SomeContinue reading “DM Consunji (DMC) sustains dividend distribution, yields 8.5%”

GMA7 clocks an 18% yield but faces a significant risk of a huge capital loss

The ascent of GMA7 to the present level of 7.48 Pesos a share could have been driven by the fall of its larger competitor, ABS. With its larger competitor off the air, most investors may have flock to GMA7 believing that broadcast ad placements will migrate to GMA7. Indeed, for the 9-month period ending 30Continue reading “GMA7 clocks an 18% yield but faces a significant risk of a huge capital loss”

Pilipinas Shell may have to recapitalize as liabilities reach 2.7X equity

As of the end of 2020, Pilipinas Shell (SHLPH) had a total liability of 62.9 Billion while its total equity amounted to just 23.6 Billion. SHLPH’s equity dwindled as retained earnings of 11.9 Billion at the end of 2019 turns into an accumulated loss of 4.3 Billion at the end of 2020. SHLPH suffered aContinue reading “Pilipinas Shell may have to recapitalize as liabilities reach 2.7X equity”

After AREIT deal release, ALI trades 2.47 times 65 Day Average Volume

ALI traded at 2.47 times 65-day average trading volume, a day after AREIT made a press release that it is boosting dividends and eyeing a 15 Billion Peso property for share swap with ALI. The elevated trading volume could be attributed to investors positioning for an eventual rebound in ALI taking advantage of the weakenedContinue reading “After AREIT deal release, ALI trades 2.47 times 65 Day Average Volume”

ALI liquifying real assets through AREIT, pioneering move to strengthen ALI

ALI is a highly leverage real estate company. As of 30 September 2021, total liabilities are 1.8 times total equity. With the pandemic slowing down real estate sales and rental revenues, leverage real estate developers like ALI must be creative in raising the necessary funds to pay off debts and fund developments. Investment properties ofContinue reading “ALI liquifying real assets through AREIT, pioneering move to strengthen ALI”

PNX asset sale to boosts high yielding PNX Prefs: PNX3B, PNX4

After Chelsea unloaded its 2GO stake to SM Investments, another unit of the Udenna empire is contemplating an asset sale. Phoenix Petroleum (PNX) disclosed on Tuesday 23 March 2021 that PNX’s Board of Directors has approved the authority for management to enter into negotiations under reasonable and acceptable terms and conditions advantageous to the CorporationContinue reading “PNX asset sale to boosts high yielding PNX Prefs: PNX3B, PNX4”

Franchise may force Dito Tel to float directly and ditch DITO

House Bill No. 7332 renewing the franchise of Dito Telecommunity has just passed second reading in the Senate. It will just be a matter of time that the Bill will be approved by Congress and signed into law. Section 12 of the Bill provides that the grantee shall not sell, lease, transfer, grant the usufructContinue reading “Franchise may force Dito Tel to float directly and ditch DITO”

COSCO infusing into DAVIN liquor business heavily impacted by pandemic

COSCO is spinning-off its liquor distribution business via a back-door listing through Da Vinci Capital Holdings (DAVIN). The liquor distribution business of COSCO is responsible for distributing Johnnie Walker, Chivas, Jim Beam, Glenlivet, and Bacardi among others in the country. COSCO is swapping its shares of its liquor distribution businesses with shares of DAVIN. RevenuesContinue reading “COSCO infusing into DAVIN liquor business heavily impacted by pandemic”

DDMPR offering price, a 14% premium over per share equity at fair value

DDMP REIT (DDMPR) like its sponsor and parent company Double Dragon (DD) has been recognizing as income the unrealized gains from changes in fair values of investment property. At the end of the day the unrealized gains from the increase in fair value of investment properties, although “not yet realized,” are added to the capitalContinue reading “DDMPR offering price, a 14% premium over per share equity at fair value”

Chelsea estimated to reap 7.4B windfall & 5.7B gain from 2GO divestment

Chelsea Logistics and Infrastructure Holdings (Chelsea) listed KGLI-NM Holdings as a 100% subsidiary in its 17-Q3 Filing. While 2GO Group reported KGLI-NM Holdings to be its top shareholder owning 867,239,109 shares equivalent to 34.68% of the company as of 31 December 2020. The divestment of the 867,239,109 2GO shares at 8.50 a piece would translateContinue reading “Chelsea estimated to reap 7.4B windfall & 5.7B gain from 2GO divestment”

KKR – FGEN vs. GIC – ACEN

FGEN and ACEN are two energy companies operating under clean energy banner, although, both still have significant fossil fuel investments. ACEN is generating significant power from coal while FGEN is on much cleaner natural gas. Both energy companies attracted well known global institutional investors. FGEN caught the attention of KKR, a pioneer in private equityContinue reading “KKR – FGEN vs. GIC – ACEN”

National champion ICT beats the pandemic slowdown

International Container Terminal Services (ICT) is one of the truly global Philippine companies. ICT operates port in Indonesia, Papua New Guinea, China and in Melbourne, Australia. The company has operations in the Middle East, Africa and Europe. In the Americas, it operates port in Brazil, Argentina, Mexico, Ecuador, Colombia, and Honduras. ICT carries the PhilippineContinue reading “National champion ICT beats the pandemic slowdown”

WLCON registers a healthy financial amidst the pandemic

WILCON DEPOT, INC. (WLCON) ended the year with a healthy balance sheet. WLCON boosted its cash and short-term investments to 4.6 Billion Pesos while maintaining a zero-indebtedness stance. Although the pandemic slowdown may have tempered revenue and net income, the over-all result was still healthy. Net income is down a third from last year onlyContinue reading “WLCON registers a healthy financial amidst the pandemic”

ALI to survive pandemic through financing activities

ALI burned cash of 12.5 Billion Pesos on operating activities throughout 2020. The cash burned on operations was offset by the proceeds from the AREIT IPO sponsorship. The IPO of AREIT was timely, giving ALI the necessary cash during the year. It looks like that in 2021, ALI may yet again rely on financing activities.Continue reading “ALI to survive pandemic through financing activities”

A platform business PSE registers a yield of 5.3%

PSE, the stock exchange operator in the country, has just declared an eight-peso (8.00) peso dividend. The dividend would translate to yield of 5.3% based on its the most recent stock price. From a year ago, PSE is still down 9.56%. While COL Financial (COL), the online stock brokerage, is up 112.57% from a yearContinue reading “A platform business PSE registers a yield of 5.3%”

Debt-free HLCM (Holcim) still down 52.80% from a year ago

Holcim Philippines (HLCM) ended the year 2020 debt-free. In 2019, HLCM ended the year with 3.9 Billion of current loans payable. The pandemic may have tempered its revenue during the year, but it didn’t stop HLCM from making a 2.1 Billion profit. HLCM during the year generated cash from its operating activities of 4.9 BillionContinue reading “Debt-free HLCM (Holcim) still down 52.80% from a year ago”