DMC principal stockholder hiked holdings in the company

One of the principal stockholders of DMC Holdings (DMC) is DFC Holdings. DFC Holdings is one of the two Consunji holding firms owning the controlling shares of DMC.

As of 26 May 2020, DFC holdings controls 2,382,067,010 shares of DMC or about 17.94% of DMC. But as of 26 July 2021, those holdings have increased to 2,452,969,910 or about 18.47% of the outstanding shares.

DFC Holdings bought shares from the low level at around 3.56 to its high at around 6.87.

DMC has dipped to 5.73 after news have broken out that it will be removed from the PSE Index. The dip provides an opportunity to acquire DMC at a cheap.

At 5.73, DMC yields 8.38%. It is expected that DMC will receive a windfall from its coal mining operation and from its residential development projects. Coal prices have rally and coal miners are expected to reap windfall from the rally.

Its coal mine and power plant unit, Semirara Mining and Power Corporation (SCC) already reported that its net income for 1H 2021 almost tripled as compared to last year’s.

Real estate giants SM Prime Holdings and Ayala Land and other real estate developers have reported strong net income from residential development sales. DMC’s residential development unit is also expected to benefit from the buoyant residential development market. In the first quarter of 2021, residential was the leading net income distributor of DMC surpassing the coal unit.

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