Cemex Holdings Philippines (CHP) announced today that its consolidated net sales decreased by 17%, reaching PHP 15.1 billion during the first nine months of 2020, versus the comparable period in 2019. Sales decreased by 6% year-over-year in the third quarter, reaching about PHP 5.5 billion. The result showed the negative impact of the COVID-19 pandemicContinue reading “CHP announced 9M20 results, announcement on the replacement of the resigned Director more exciting”
Tag Archives: Cemex Holdings Philippines
CHP Insiders Buying
Top executives inside Cemex Holdings Philippines, Inc. (CHP) on October 9, 2020 bought shares of their company Cemex Holdings Philippines. The President & CEO together with his Vice Presidents for Commercial (Institutional Segment), for Planning and Administration, for Supply Chain, for Commercial (Distribution Segment), and his Procurement Director on the same date bought shares ofContinue reading “CHP Insiders Buying”
A backstory to the CHP loan-covenant accommodation by BDO seen from Cemex amassing more CHP shares and Henry “Big Boy” Sy Jr. liquidating a few SM shares
In the month of September 2020 Cemex Asian South East Corporation (Cemex) continued to accumulate Cemex Holdings Philippines, Inc. (CHP) shares from the public through open market purchases in the Philippine Stock Exchange. Cemex was very disciplined in its purchases, making sure that it doesn’t buy CHP shares higher than the SRO price of 1.54. Continue reading “A backstory to the CHP loan-covenant accommodation by BDO seen from Cemex amassing more CHP shares and Henry “Big Boy” Sy Jr. liquidating a few SM shares”
Cemex accumulated CHP at prices well below what investors paid during the SRO, CHP a Cemex masterclass
On January 2020 just before the Covid-19 pandemic kicked-in, Cemex Holdings Philippines, Inc. launched a Stock Rights Offering (SRO) raising 12.8 Billion Philippine Pesos . The SRO was priced at 1.54 Philippine Pesos a share. The SRO proceeds didn’t count much to improve the prospect of CHP. Of the total proceeds of 12.8 Billion Pesos,Continue reading “Cemex accumulated CHP at prices well below what investors paid during the SRO, CHP a Cemex masterclass”
Henry “Big Boy” Sy Jr. transferred 30 Million SM (valued around 26 Billion Pesos) shares to his company
We have reported earlier that Henry “Big Boy” Sy Jr. has shuffled his 15 Million SM shares from his brokerage to his company (presumably a holding company) at 863.50 a share, crossed through the stock exchange on August 12, 2020 valued at 13 Billion Pesos. Then again on August 27, 2020 he transferred another blockContinue reading “Henry “Big Boy” Sy Jr. transferred 30 Million SM (valued around 26 Billion Pesos) shares to his company”
Cemex (CHP) vs. Holcim (HLCM), HLCM better results, CHP more likely to be acquired
Cemex Holdings Philippines, Inc. (CHP) at 1.46 a share has a market capitalization of 19.69 Billion Pesos while Holcim Philippines, Inc. (HLCM) at 5.94 has a market capitalization of 38.33 Billion Pesos. For 1H 2020 HLCM generated 11.4 Billion Pesos of sales while CHP generated just 9.6 Billion Pesos. HLCM was able to translate itContinue reading “Cemex (CHP) vs. Holcim (HLCM), HLCM better results, CHP more likely to be acquired”
Cemex Holdings Philippines (CHP) saved by burned faithfuls; considered overpriced at 1.12/share
CHP debuted in the Philippine Stock Exchange through an initial public offering at a price of 10.75 Philippine Pesos per share raising a total of 25.1 Billion Philippine Pesos. The proceeds of such fund raising were all paid to the parent company CEMEX of Mexico. Proceeds of the IPO was not even enough, CHP borrowedContinue reading “Cemex Holdings Philippines (CHP) saved by burned faithfuls; considered overpriced at 1.12/share”