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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”

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”

Ayala brand works magic for the mainly fossil energy company ACEN

AC Enery Corporation (ACEN) disclosed in its 2020 Annual Report that it has an attributable thermal energy generating capacity of 468 MW. Thermal energy power plants run on fossil fuel like diesel and coal. Its biggest thermal energy is a coal plant with a power generation capacity of 244 MW. ACEN’s attributable renewable energy capacityContinue reading “Ayala brand works magic for the mainly fossil energy company ACEN”

NIKL trading 12.49% below 52-week high despite net income up 43.5%

Nickel Asia Corporation (NIKL) registered a net income of 5.5 billion Pesos for the year 2020. That net income is 43.5% higher than the 2019 net income of 3.8 billion Pesos. Cash balance of NIKL stood at 11.8 billion Pesos as of end of 2020. That excludes financial assets of 6.5 billion Pesos. Cash andContinue reading “NIKL trading 12.49% below 52-week high despite net income up 43.5%”

Touted new normal didn’t give LBC a breakout year

It is a common perception that the pandemic has ushered in a new normal – online shopping. Online shopping was expected to boost the revenue and net income of delivery and logistics companies. But it turns out that it didn’t give a breakout year for LBC Express Holdings (LBC). LBC’s service revenue decreased by 7%Continue reading “Touted new normal didn’t give LBC a breakout year”

SGV expresses doubt on PHR’s ability to continue as a going concern, loans from China Bank (CHIB) totaled 5.9 billion

The venerable auditing firm, SGV, expressed significant doubt on PH Resorts Group Holdings (PHR)’s ability to continue as a going concern. SGV drew attention to the consolidated financial statements of PHR which indicates that it incurred a net loss of 342.3 million Pesos in 2020 resulting to a deficit of 1,022.7 million Pesos as ofContinue reading “SGV expresses doubt on PHR’s ability to continue as a going concern, loans from China Bank (CHIB) totaled 5.9 billion”

Robinsons Land’s (RLC) funding access earns it full faith of customers

For the year 2020 rental income of Robinsons Land (RLC) was down 4.8 billion Pesos as compared to 2019. Understandably rental income is down during the year because the government imposed mobility restrictions on the population to counter the pandemic. While rental income is down, RLC grew its real estate sales. Real estate sales wereContinue reading “Robinsons Land’s (RLC) funding access earns it full faith of customers”

MRSGI failed to match revenue decline with cost cuts

Metro Retail Stores Group (MRSGI) saw its revenue declined by 5.6 Billion Pesos to 31.4 Billion Pesos in 2020. To match the revenue decline MRSGI cut its costs from 36 Billion Pesos in 2019 to just 31.7 Billion Pesos in 2020. However, the cost cuts were not enough resulting to an operating loss of 301.5Continue reading “MRSGI failed to match revenue decline with cost cuts”

PSE a debt-free platform business trades 18% down from its 52-week high

The Philippine Stock Exchange is the only stock exchange operator in the country. The stock exchange operator has proven itself resilient to the effects of the pandemic. Its revenue rose to 1,314 Million in 2020 from 1,290 Million in 2019. It was feared that trading volume in the PSE will dip as pandemic caused slowdownContinue reading “PSE a debt-free platform business trades 18% down from its 52-week high”

HOUSE facing 23.2B debt repayment hires new external auditor

8990 Holdings (HOUSE) disclosed on 26 February 2021 that it has appointed Ramon F. Garcia & Company as its new independent external auditor for the fiscal year 2020. Ramon F. Garcia & Company replaced Punongbayan & Araullo as HOUSE’s independent external auditor. HOUSE said that the change in external auditor was made in pursuance toContinue reading “HOUSE facing 23.2B debt repayment hires new external auditor”

FGEN just 8% below 52-week high but still priced below book value

FGEN and subsidiaries including geothermal operator Energy Development Corporation reported a 2020 financial result showing resiliency against the pandemic. The FGEN Group ended 2020 with a cash balance of US$ 772.2 Million, US$148.3 Million higher than at the end of the preceding year. Short-term and current debts total to just US$464.3 Million. Servicing its debtContinue reading “FGEN just 8% below 52-week high but still priced below book value”

CEB’s retained earnings almost out, banks & stockholders keep it flying

Cebu Pacific (CEB) is experiencing turbulence in these times and there is no need to discuss why. CEB tallied a net loss of 22.2 Billion for the year 2020. The severe loss cut its retained earnings to just 14.7 Billion Pesos. Another horrible year could definitely wipe it out. The losses from demand drop wereContinue reading “CEB’s retained earnings almost out, banks & stockholders keep it flying”

CLI yields 4.18% as cash dwindles and debts balloon

Cebu Landmasters (CLI) ended the year with a cash balance of 0.8 Billion Pesos down from last year’s 0.92 Billion. Cash is dwindling because operating activities and capital expenditures are eating cash coming in from revenues and net borrowings. As of the end of the year CLI booked 6 Billion as current receivables an increaseContinue reading “CLI yields 4.18% as cash dwindles and debts balloon”

Robinson Retail’s balance sheet provides capacity to hunt for opportunities

Robinson Retail Holdings (RRHI) ended the year with a fortress balance sheet. RRHI was able to further fortify its balance sheet despite the pandemic. RRHI holds a cash balance of 21.3 Billion Pesos at the end of the year, an increase of 1 Billion. That is after it acquired Rose Pharmacy for 4 Billion Pesos.Continue reading “Robinson Retail’s balance sheet provides capacity to hunt for opportunities”

PNX4 trading below par despite Phoenix swinging to profits

PNX4 closed below par at 990 on 05 April 2021. This is despite Phoenix (PNX) declaring a fourth quarter turn-around to profitability. PNX earned 158 Million in the fourth quarter of 2020 turning around the result for 2020 to a net income of 63 Million. Earlier on 23 March 2021, PNX has authorized management toContinue reading “PNX4 trading below par despite Phoenix swinging to profits”

PGOLD trades at 15.51 P/E as against WLCON’s 50.37

PGOLD and WLCON are both pandemic winners. Despite restriction in mobility, both companies were able to post profits and grew cash flows from operations. In the case of WLCON revenue was down by a third but cash from operating activities rose by 68% to 4.3 Billion. WLCON maintains a zero-indebtedness stance. PGOLD who has notContinue reading “PGOLD trades at 15.51 P/E as against WLCON’s 50.37”