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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”

Pandemic risked CEB (Cebu Pacific) becoming a money pit for Gokongwei’s JG Summit Holdings

The airline industry faces significant challenges because of the unprecedented events brought by the COVID-19 pandemic. Travel restrictions imposed by various governments, both local and abroad, have led to abrupt reduction in passenger traffic and cast uncertainty over the near-term prospects of the industry. In the 2Q20 where it did nothing much else, CEB incurredContinue reading “Pandemic risked CEB (Cebu Pacific) becoming a money pit for Gokongwei’s JG Summit Holdings”

Universal Robina (URC) 9M20 results revealed its strength and acquisition capacity for growth

Universal Robina Corporation (URC) earned 8.1 Billion Pesos for the nine months ending September 30, 2020.  That is an increase of 12% from the same period last year.  URC was able to reduce the input costs of its product by around 1 Billion Pesos.  The cost savings translated to a higher net income for URCContinue reading “Universal Robina (URC) 9M20 results revealed its strength and acquisition capacity for growth”

Cebu Pacific (CEB) incurred 7.7 Billion operating expenses in a quarter where it did nothing much else, severe losses may continue

The second quarter of 2020 (2Q20) saw the country stand still.  As the government imposed the severest of the measures  to contain the COVID-19 Pandemic, the country’s economic activity almost ground to a halt.  In that quarter, Cebu Pacific (CEB) virtually stopped its flight operations. Despite the fact that CEB stopped its operations, operating expensesContinue reading “Cebu Pacific (CEB) incurred 7.7 Billion operating expenses in a quarter where it did nothing much else, severe losses may continue”

Gokongwei’s JG Summit Holdings (JGS) remains strong amidst the pandemic

JG Summit Holdings, Inc. (JGS) and subsidiaries continue to be strong and resilient in the first half of 2020 (1H20) despite the disruption brought about by the COVID-19 pandemic. The implementation of the enhanced community quarantine (ECQ) starting mid-March has severely impacted the operations of its airline, petrochemicals, malls & hotels operations but the severeContinue reading “Gokongwei’s JG Summit Holdings (JGS) remains strong amidst the pandemic”

RLC down 7.15% on first day of MECQ; Strong enough to weather the storm

The market sell-off on the first day of the re-imposition of the Modified Enhanced Community Quarantine (MECQ) had Robinson Land Corporation down by 7.15% the most on that day with a volume of 3,110,220 above the 65 day average volume of 2,573,380 that made us wonder if RLC was in danger. As of the endContinue reading “RLC down 7.15% on first day of MECQ; Strong enough to weather the storm”