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DMC’s key units performed better in Q1 2021 than in Q1 2019

DMCI (DMC) Holdings Incorporated’s key units performed better in Q1 2021 than during the pre-pandemic Q1 2019. DMCI Homes becomes the leading net income contributor for DMC in the first quarter of 2021. It even surpassed the coal and power generating unit, Semirara Mining and Power, in net income. The Q1 2021 net income ofContinue reading “DMC’s key units performed better in Q1 2021 than in Q1 2019”

MM at elevated valuation should raise fresh capital for expansion

MerryMart Consumer (MM) is currently trading at 4.27 level. That maybe down 46.56% year-to-date but at that price MM is still very much valued at a substantial premium. At that price MM’s price to book value is at 17.44X and P/E ratio is at 436X. In 2020, MM made an aggressive expansion. Its aggressive expansionContinue reading “MM at elevated valuation should raise fresh capital for expansion”

Momentum carries CLI to all-time highs despite cash burn on operations

Recently Cebu Landmasters (CLI) has been trading at 7.27 a share near it 52-week high and all-time high of 7.33. The buoyant share price belies the cash burn on operating activities. In the first quarter of 2021, CLI burned 663 Million of cash on operating activities. CLI burning cash on operations, capital expenditures on investmentContinue reading “Momentum carries CLI to all-time highs despite cash burn on operations”

Filinvest Land has highest yield but lowest valuation among peers

Among the country’s biggest real estate developers FLI has the highest dividend yield at 3.87% but the lowest P/E valuation at 8.39. FLI’s net income for 2020 was down to 3.96 Billion Pesos from 6.52 Billion Pesos in 2019. Despite the significant decrease in net income, FLI was able to generate cash from operations ofContinue reading “Filinvest Land has highest yield but lowest valuation among peers”

ABS may need a “white knight” to continue as a going concern

SGV, the independent auditor of ABS, has declared that a material uncertainty exists that may cast significant doubt on ABS’ ability to continue as a going concern. This is after ABS registered a net loss of 13.5 Billion Pesos in the year 2020. Earlier in the year 2020, ABS said that it will adopt andContinue reading “ABS may need a “white knight” to continue as a going concern”

Coal eroding further investors’ appetite for Aboitiz Power

Aboitiz Power (AP) controls a coal-fired generating capacity of around 2,745.27 MW. As previously reported by Bloomberg, coal prices have been surging lately because of pent-up demand globally. The increasing coal prices may increase the fuel cost of the huge coal-fired generating capacity of AP. Increased cost could-affect is bottom-line. The ability to pass-on theContinue reading “Coal eroding further investors’ appetite for Aboitiz Power”

Rising coal prices, potential Maynilad IPO may fuel Consunji’s DMC

Consunji’s DMCI Holdings (DMC) has seen a steady climb in share price in the past few weeks. It is currently trading at 5.93 just 4.65% below its 52-week high of 6.24. DMC is already up 34.77% from a year ago. Bloomberg recently reported that global prices for coal surge on hot demand. Coal mining constituteContinue reading “Rising coal prices, potential Maynilad IPO may fuel Consunji’s DMC”