Coal prices have climbed to their highest level in a decade. Rebounding electricity usage in China have lifted demand for coal while supplies have been crimped by a closed mine in Colombia and flooding in Indonesia and Australia. Distorted trade flows caused by a Chinese ban on Australian coal also contributed to the short supply […]
8990 Holdings (HOUSE) released on 24 June 2021 its 2020 audited financial results and its first quarter 2021 financial results. At the end of the first quarter of 2021 HOUSE had a cash balance of only 321 Million Pesos. That is significant drop from the 1.2 Billion Pesos it held as of the end of […]
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 of […]
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 of […]
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 were […]
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 to […]
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 increase […]
Suntrust Home Developers (SUN), the former BW Resources, is now a casino start-up. SUN entered into a Co-Development Agreement (CDA) for the construction and operation of a 5-star hotel and casino in Parañaque City. Under the CDA, SUN would lease the project site from Westside and Travellers International Hotel Group, Inc. (Travellers) and Westside would […]
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 investors […]
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. Some […]
