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FLI (Filinvest Land) poised for take-off

On November 23, 2020 trading Filinvest Land, Inc. (FLI) jumped 5.83% to close at 1.09 a share.  Volume for FLI on that day reached 73.2 Million shares.  That would be 4.7X FLI’s 65-day average volume.  That event could be a prelude to the recovery of the share price of FLI. Real estate stocks have beenContinue reading “FLI (Filinvest Land) poised for take-off”

A successful DD REIT will unlock value in DoubleDragon (DD)

In the nine-month period ending September 30, 2020 DoubleDragon Properties Corp. (DD) reported a net income of 5 Billion Pesos.  However, of the net income of 5 Billion Pesos, 5.5 Billion Pesos came from revenues consisting of “paper profits” from unrealized gain from changes in fair value of investments properties. Right now, DD’s balance sheetContinue reading “A successful DD REIT will unlock value in DoubleDragon (DD)”

A cash burner Merrymart (MM) should capitalize on the market’s strong confidence in itself to raise more funds for expansion to achieve optimum operational efficiency

Nine-month result of MerryMart Consumer Corp. (MM) showed that the company is barely profitable.  The total revenue of 2.4 Billion Pesos during the nine-month period translated into a net income of only 0.014 Billion Pesos for a net income margin of 0.58%. In the third quarter MM was not profitable.  It posted a net lossContinue reading “A cash burner Merrymart (MM) should capitalize on the market’s strong confidence in itself to raise more funds for expansion to achieve optimum operational efficiency”

Aspiring major telco Dito Telecommunity roll-out comes to a standstill as gleaned from the 9M20 Chelsea (C) financial reports

Chelsea Logistics and Infrastructure Holdings Corp. (C) claims Dito Telecommunity Corporation (Dito) as an associate with a 25% ownership share. Chelsea Logistics is 70% owned by Udenna Corporation. On May 10, 2019, the Company subscribed to 40,833,333 common shares and 22,916,666 preferred voting shares or equivalent to 25% interest of Dito’s authorized capital stock forContinue reading “Aspiring major telco Dito Telecommunity roll-out comes to a standstill as gleaned from the 9M20 Chelsea (C) financial reports”

Pilipinas Shell (SHLPH) begins to recover but unable to fund capital expenditures with long-term loans

Pilipinas Shell Petroleum Corporation (SHLPH) incurred a net loss of 13.9 Billion Pesos for the nine-month period ending September 30, 2020 (9M20). The net loss includes P7.5 billion in impairment of refinery assets and other one-off costs related to the cessation of the refinery operations and accounts for 54.1% of reported net loss. But theContinue reading “Pilipinas Shell (SHLPH) begins to recover but unable to fund capital expenditures with long-term loans”

2,9260-store 7-Eleven PH (SEVN) no match to Covid-19 pandemic, pandemic wounded SEVN bleeds red during the 9-month period of 2020

As of September 30, 2020, Philippine Seven Corporation (SEVN) has 2,960 7-Eleven convenience stores.  SEVN’s store count is 8% higher than the same period in 2019. At the end of the third quarter, there are 2,249 7-Eleven stores in Luzon, 1,018 of which are in Metro Manila, 427 in Visayas and 284 in Mindanao. FranchiseesContinue reading “2,9260-store 7-Eleven PH (SEVN) no match to Covid-19 pandemic, pandemic wounded SEVN bleeds red during the 9-month period of 2020”

Ayala’s to get around 9 Billion Pesos for a portion of its ACEN shares in a deal with GIC, SRO for public holders and GIC investments to fund growth of Ayala controlled ACEN

Employment of the smartest and brightest executives pays.  Executives at Ayala Corp. are on the move to recoup its money invested in energy while retaining controlling interest worth several times its original capital investment. ACEN today announced the potential investment of an affiliate of GIC Private Limited (“GIC”), Arran Investment Pte Ltd, in ACEN, inContinue reading “Ayala’s to get around 9 Billion Pesos for a portion of its ACEN shares in a deal with GIC, SRO for public holders and GIC investments to fund growth of Ayala controlled ACEN”

CEB (Cebu Pacific) almost out of cash, pandemic makes it a potential money pit for the Gokongwei group

Cebu Air, Inc. (CEB) is an airline that operates under the trade name “Cebu Pacific Air” and is the leading low-cost carrier in the Philippines. It pioneered the “low fare, great value” strategy in the local aviation industry by providing scheduled air travel services targeted to passengers who are willing to forego extras for faresContinue reading “CEB (Cebu Pacific) almost out of cash, pandemic makes it a potential money pit for the Gokongwei group”

Robinsons Retail Holdings (RRHI) 3Q20 revenue and net income dip but balance sheet remains fortified

Robinsons Retail Holdings (RRHI) generated lesser revenue in 3Q20 as compared to the same period last year. Revenue for RRHI in 3Q20 was at 34.6 Billion Pesos.  That is 4.3 Billion Pesos lower than last year.  That effect of the pandemic to RRHI is just a scratch. The lower revenue caused RRHI to burn cashContinue reading “Robinsons Retail Holdings (RRHI) 3Q20 revenue and net income dip but balance sheet remains fortified”

Jollibee (JFC) stems cash burn on operations, a welcome news as 19.9 Billion Pesos of debts are set for repayment in the near term

In the third quarter of 2020 Jollibee (JFC) recorded a net loss of 1.9 Billion Pesos.  Although JFC was still in the red, it managed not to burn cash on operating activities during the period.  Total cash burned on operating activities for the nine-month period remains at 5.2 Billion Pesos as no further cash wasContinue reading “Jollibee (JFC) stems cash burn on operations, a welcome news as 19.9 Billion Pesos of debts are set for repayment in the near term”

ALI (Ayala Land) survives through financing activities as it burns cash on operations

With all the right pedigree, relationships, and resources it has been a breeze for Ayala Land, Inc. (ALI) to weather the COVID-19 pandemic through financing activities. At the onset of the pandemic, ALI quickly organized the first ever Real Estate Investment Trusts (REIT) in the country to raise funds. The AREIT public offering raised roughlyContinue reading “ALI (Ayala Land) survives through financing activities as it burns cash on operations”

PLDT (TEL) moves to defend market leadership from Dito Telecommunity, CNVRG

For the nine-month period ending September 30, 2020, PLDT (TEL) generated a total revenue of 133.2 Billion Pesos.  For 9M20 TEL managed to increase revenue by 8.8 Billion Pesos or 7% more than the revenue for the 9M19.  With the revenue growth, TEL is telling the market that it is the leading telco in theContinue reading “PLDT (TEL) moves to defend market leadership from Dito Telecommunity, CNVRG”

Pandemic resilient ICT (International Container Terminal Services, Inc.) fortifies its financials

Despite the pandemic slowing economic activities everywhere, international port operator International Container Terminal Services, Inc. (ICT) is able to maintain its revenue level.  ICT generates revenue for the nine-month period ending September 30, 2020 of US$1.1 Billion.  The said revenue is at par with last year’s. ICT’s financial discipline allowed it to lower operating expensesContinue reading “Pandemic resilient ICT (International Container Terminal Services, Inc.) fortifies its financials”

Material slowdown in cash generation had SMPH unable to service debts using its own cash

In the nine-month period ending September 30, 2020, SM Prime Holdings (SMPH) generated cash from operations of 18.7 Billion Pesos down 57% from last year of the same period. Despite the material slowdown in cash flow from operations, SMPH proceeded with its expansion spending 36.4 Billion Pesos to add investment properties and other assets. TheContinue reading “Material slowdown in cash generation had SMPH unable to service debts using its own cash”

GLO borrowed money to pay borrowed money, share price may eventually go down as dividend cut looming

For the nine months ending September 30, 2020 Globe Telecom (GLO) generated 45.8 Billion Pesos of cash from operations. That cash flow from operations for nine months is 17.18% lower than last year’s 55.3 Billion Pesos.  The lower cash flows from operations is no doubt driven by the slowdown in the economic activity brought aboutContinue reading “GLO borrowed money to pay borrowed money, share price may eventually go down as dividend cut looming”

At present rate of earnings, market may price down AREIT for a satisfactory dividend yield

On November 3, 2020 AREIT, Inc. reported its 3Q20 financial results. For the months ending September 30, 2020 generated an earnings per share of 0.82.  That earnings if annualized would yield an annual earnings per share of 1.0933. According to the Philippine REIT law at least 90% of earnings of a REIT entity should beContinue reading “At present rate of earnings, market may price down AREIT for a satisfactory dividend yield”

HLCM (Holcim Philippines) 9M20 results report quite baffling for us, better wait for the auditors

During the year Holcim Philippines (HLCM) availed 5.3 Billion Pesos short-term loans. However, as of the end of the third quarter of 2020, HLCM’s balance sheet would only show a short-term loan of 0.9 Billion Pesos.  This could be so because HLCM is fast paying its short-term borrowing. As to how HLCM is able toContinue reading “HLCM (Holcim Philippines) 9M20 results report quite baffling for us, better wait for the auditors”

EMP (Emperador) achieved double digit net income growth despite the pandemic

Emperador Inc. (EMP) is the world’s largest brandy company.  It owns the iconic Emperador Brandy and Fundador Spanish Brandy de Jerez. EMP recorded 11% growth in its net income to 5.9-Billion Pesos during the first nine months of the year.  During the third quarter alone, the EMP achieved 26% record growth in earnings to P2.5-billion.Continue reading “EMP (Emperador) achieved double digit net income growth despite the pandemic”

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”