MARKET HEADLINE: SHORT SELLING BY OCTOBER

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  Cal-Comp Tech
Posted by: Ollie - 07-02-2018, 09:25 AM - Forum: StockTraders' Lounge - Replies (12)

IPO

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  DM Wenceslao
Posted by: Ollie - 06-26-2018, 12:17 PM - Forum: StockTraders' Lounge - Replies (9)

6-12

DMWAI’s lower IPO price may spark interest

PROPERTY DEVELOPER and construction firm D.M. Wenceslao & Associates, Inc. (DMWAI) has priced its initial public offering (IPO) at a discount, which analysts said would make the offer more attractive to investors given the persistent volatility in the stock market.

In a listing notice posted to the stock exchange on Monday, DMWAI said it has priced its IPO at P12 per share, significantly lower than the maximum price of P22.90 per share it announced before.

The final offer price will allow the company to raise P8.15 billion from the issuance of 679.17 million shares, and up to P9.37 billion should it exercise its overallotment option of up to 101.88 million shares.

DMWAI had initially targeted to raise P15.55 billion from its primary offer, and up to P17.89 billion including the overallotment option.

“Investors will look at it as an opportunity to buy. Since it looks like the company (is giving) the investing public some room for price appreciation. From an investors’ standpoint, it’s a huge discount most especially (since) the maximum price is P22.90,” UPCC Securities Corp. Trader Aristotle D. Reyes, Jr. said in a text message.

Timson Securities, Inc. trader Jervin S. De Celis noted the company may have opted for a lower price due to the market’s volatility.

“I think they did it on purpose as the market’s volatility may dampen investors’ appetite for IPO’s so lowering the offer price will make it attractive to the investing public,” Mr. De Celis said in a separate message.

The volatility in the market has already discouraged Del Monte Philippines, Inc. from pushing through with its planned P17.55-billion share sale this month, announcing last week that it will wait for the market to stabilize before proceeding with the IPO.

Despite the discount, Mr. De Celis is keeping a conservative stance on the stock’s performance given the size of the offer.

“However, I don’t expect that this stock will perform as stellar as the IPO of DoubleDragon (Properties Corp.) and Xurpas, (Inc.) a few years ago, when those stocks rallied on the first day of trading since DMWAI’s offer is too big,” Mr. De Celis added.

DMWAI will use the net proceeds of the offer to finance its projects in the 204-hectare Aseana City in Parañaque City. The company has nine projects lined up in the area set to be completed in the next five years.
In a market note, brokerage F. Yap Securities, Inc. cited DMWAI’s land bank of 56.91 hectares in Aseana City as one of its competitive strengths.

“(DMWAI) currently has a land bank of 77.56 hectares in the Philippines, that will meet the development needs for the next 10 years. Bulk of this is in Aseana City (56.91 hectares) with a value at around P132.8 billion, including existing properties and current developments,” according to F. Yap Securities.

However, the brokerage also said that “stiff competition from other developers in close proximity” may also affect the company’s performance. Aseana City is located near the SM Mall of Asia complex, as well as Entertainment City.
DMWAI’s IPO is set to run from June 18 to 22, with target listing at the stock exchange on June 29. It will have the ticker DMW.

The company has engaged BPI Capital Corp. and Maybank King Eng Securities Pte. Ltd. as the joint global coordinators and bookrunners for the offer, with the latter also acting as international lead manager and underwriter.


source: http://bworldonline.com/dmwais-lower-ipo...-interest/

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  Del Monte Philippines Inc.
Posted by: Ollie - 06-26-2018, 10:25 AM - Forum: StockTraders' Lounge - Replies (1)

Del Monte Philippines books P2.6-B profit

DEL MONTE Philippines, Inc. (DMPI)’s net income was flat for its fiscal year ending April 2018, due to higher interest expenses amid a single-digit growth in sales.

In a statement issued Wednesday, the local unit of listed canned fruit manufacturer Del Monte Pacific Ltd. said it booked a net income of P2.6 billion, lower by P0.1 billion from the year before.
This came amid a 3.4% increase in sales to P27.6 billion for the year, two-thirds of which came from the Philippine market.

The latest annual performance indicates a compounded annual growth rate (CAGR) for the company’s sales of 7.9% from 2015, where it delivered P22 billion. For net income, CAGR stood at 31% since 2015’s net income of P1.1 billion.

“The company achieved this through improvement in gross profit from higher sales volume, margin increase from the Philippine market, higher mix of fresh pineapple sales under S&W, aided by the weak peso versus the US dollar, revaluation of biological assets, improving operational efficiency and cost management,” DMPI said.

Sales from the Philippine market alone grew 6.7% to P16.9 billion. The company attributed the increase to strong demand for food services, the sales of which accelerated by 15% to P3 billion.

“(The increase rode on) the rapid expansion of quick service restaurants and convenience stores as well as the company’s growth of its juice dispensers, meal partnerships, and customized products,” DMPI said.

Within the year, the company launched the Del Monte 100% Pineapple Juice in Tetra Pak, which is now its fastest growing segment. It also introduced the Del Monte Juice & Chews in bottles, and Del Monte Fit ‘n Right Active.

The growth from Philippine sales outpaced the 1.9% drop in export sales to P10.6 billion, due to an excess in supply in Thailand and Indonesia. Its exports included the S&W brand and private label. The company has been changing its sales mix, shifting to the growing branded business.

“The Company expanded its sales under S&W fresh and processed pineapple at a compounded annual growth rate of 28% to P3.7 billion in Asia and Middle East markets, while it reduced its private label and commodity business during this period,” DMPI said.

DMPI expects to see higher earnings for the fiscal year ending April 2019, banking on the growth of the local market. For the export market, the company aims to improve its performance with higher fresh pineapple sales under S&W, alongside increased export margins from pricing and more efficient operations.

The company earlier this month postponed its planned initial public offering of up to P17.55 billion, citing volatility in the market which may affect investor sentiment for the stock. The proposed issuance has already been approved by the Securities and Exchange Commission and the Philippine Stock Exchange.


source: http://bworldonline.com/del-monte-philip...-b-profit/

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  Fruitas Holdings Inc.
Posted by: Ollie - 02-05-2018, 02:50 PM - Forum: StockTraders' Lounge - Replies (3)

Fruitas to launch P2 billion IPO this year

Fruitas Holdings Inc. (FHI), the food and beverage company which is behind the popular Fruitas brand, will embark on a P2 billion initial public offering (IPO) possibly this year.

In an interview with The STAR, FHI founder and chief executive officer Lester Yu said the company is targeting to go public this year to raise funds for expansion.

“The IPO, it’s something we intend to do within the year,” he said.

 “The time is ripe,” he said, because FHI’s brands are already established brands in the market but with great potential to strengthen further.

 “We barely scratched the surface,” added Fruitas Group chief financial adviser Calvin Chua.

Yu said the company wants to raise funds for expansion on the back of the booming growth of the food retail business across the Philippines, which are being driven by overseas and Philippine-based Filipinos looking for investments and growing consumer demand.

“It will help us grow much faster,” Yu said.

Thus, he said the company would use the proceeds from the IPO for network expansion, facilities upgrade and also for future acquisitions.

FHI is the market leader in the Philippine food cart business. It was founded in 2002 when Yu opened his first kiosk in SM City Manila. The company soon began to open more branches in a few years’ time and introduced brands that have grown to be loved by Filipinos. It is now considered as the fastest growing food business in the country in terms of branches.

Under FHI, there are three operating companies. These are Fruitas Group Inc, which holds most of the brands; Buko ni Fruitas and Negril trading which houses the Old Jamaican Pattie Shop.

At present, FHI carries well-known brands such as Fruitas Fresh From Babot’s Farm, Buko Ni Fruitas, Fruitas Ice Candy, De Original Jamaican Pattie and Juice Bar, Juice Avenue, The Mango Farm, Buko Loco, John Lemon, Black Pearl, Shou, Friends Fries, and Halo-Halo Islands.

The company now has 820 branches nationwide and is looking to double this network in three to five years to about 1,600 stores.

Aside from food kiosks, FHI also has lifestyle parks, which carry the company’s own brands as well as other new brands in the market.

It was in 2016 when FHI gained footprint into the food and lifestyle park sector through 150 Maginhawa Food Park in Diliman, Quezon City.

The park is a 600-square meter al fresco dining space that hosts fourteen vendors, offering a wide selection of food and beverages.

It also has two other lifestyle parks, Le Village Lifestyle Park and Cascades, which are both in Quezon City.


source: http://www.philstar.com/business/2018/02...n-ipo-year

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  BITCOIN and The Cryptos
Posted by: phantom - 01-16-2018, 06:52 PM - Forum: StockTraders' Lounge - Replies (40)

new thread for Crypto traders

Comm, kaw na bahala lipat kung sa ibang lugar sya nararapat

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  Dennis Uy Cebu Casino
Posted by: Ollie - 01-08-2018, 08:18 AM - Forum: StockTraders' Lounge - No Replies

...Udenna Group ni Dennis Uy

Davao eyes IPO or backdoor listing for Cebu casino

Davao-based businessman Dennis Uy may embark on an initial public offering (IPO) or a backdoor listing for his planned casino in Cebu.

Nothing is final yet but Udenna Corp. hopes to start construction soon, according to Raymundo Martin Escalona, director for special projects of Udenna, Uy’s holding company.

“We’re waiting for the ECC (Environmental Clearance Certificate) before we can do initial excavation. We’re told the ECC will hopefully be out before Christmas because we complied, we submitted everything,” Escalona said.

Escalona said the company may launch an IPO to fund the project.

“We have the option. We are looking at an IPO or backdoor listing,” Escalona said.

Udenna, through its wholly owned subsidiary Udenna Development Corp., is building the $341 million Emerald Resort and Casino, which will rise on a 12.5-hectare prime beachfront property in Mactan Island in Lapu-Lapu City.

Udenna held the groundbreaking ceremony on July 26, with Philippine Amusement and Gaming Corp. (Pagcor) chairman and CEO Andrea Domingo gracing the occasion.

Escalona said the company has yet to decide if it would operate the casino itself or tap a partner to operate it.
“We’re weighing whether in fact we’ll get an operator or run it ourselves,” he said.

For the manpower, he said this would not be difficult because there are a lot of talent and resources from gaming sites such as Macau or Las Vegas.

“There are a lot of very talented people,” he said.

For the hotel component, this would be run by Enderun Colleges which has a hotel management team.

The casino is targeting both foreign and local players including Singaporeans, Koreans and Chinese.

“There’s a huge Korean market already in Mactan. That will be a natural market because they currently go to Cebu,” he said.

Mactan has become a premier tourist destination, seeing a surge of investments but keeping enough room for further development in the coming years.

“Lapu-Lapu Leisure Mactan aims to become a key economic growth driver in Central Visayas by creating thousands of jobs and small-business opportunities aside from supporting the government’s community development programs,” Uy said when he announced the project.

source: http://beta.philstar.com/business/2017/1...ebu-casino

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  IPeople, Inc.
Posted by: Ollie - 12-21-2017, 11:19 AM - Forum: StockTraders' Lounge - Replies (1)

iPeople, Inc. (IPO) was incorporated on July 27, 1989 that serves as the holding company within the Yuchengco Group of Companies. The Company's portfolio is involved in the education and technology sector. 

IPO has two main operating subsidiaries: 1) Malayan Colleges Inc. (MCI) which operates under the name of Mapua Institute of Technology, and also owns two wholly-owned subsidiaries – the Malayan Colleges Laguna and the Malayan High School of Science; 2) and Pan Pacific Computer Center, Inc. which services the IT-related requirements of the Yuchengco Group of Companies and select clients. These IT requirements include hardware, software and IT-related services.

Source: SEC Form 17-A (2016)

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  Philippine Telegraph and Telephone Corporation
Posted by: Ollie - 12-19-2017, 09:14 AM - Forum: StockTraders' Lounge - Replies (17)

suspended stock na baka mabuhay muli

Philippine Telegraph & Telephone Corp. (PTT) was incorporated on November 14, 1962 as a diversified telecommunications entity catering to the corporate, small/medium business and residential segments across the nation.

On June 20, 1964, PTT was granted a 25-year national legislative franchise, Republic Act (RA) No. 4161 for telecommunications activities. An amendment to the franchise was made in 1967 under RA 5048 granting the Company, among others, equal privileges against any competing franchise.

PTT listed on January 10, 1990 for the trading of its common shares but requested voluntary suspension of trading effective December 13, 2004.

Source: SEC Form 17-A (2009)



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  Stocks Review by JMF/Simple Trader
Posted by: Ollie - 11-20-2017, 10:01 AM - Forum: StockTraders' Lounge - Replies (802)

a new dawn





Reviewed:
ATN BEL CPM HOUSE IDC IMI LTG MARC MEG MRC NOW PPC SM SSI TUGS WPI



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  TRELI - Tiger Resort Leisure & Entertainment Inc.
Posted by: Ollie - 10-19-2017, 08:57 AM - Forum: StockTraders' Lounge - Replies (6)

...TRELI....so that's what its symbol's gonna be Tongue

Okada Manila operator still studying IPO plan

Tiger Resort Leisure & Entertainment Inc., the operator of integrated casino and resort Okada Manila, is reviewing plans to hold an initial public offering, its parent company in Japan said Wednesday.

Universal Entertainment Corp. owned by Japanese gaming and pachinko mogul Kazuo Okada said: “At present the company is reviewing the possibility of an IPO for TRELI and we will disclose promptly if any such plan is decided and materialized.”

Universal Entertainment said in statement posted on its website that it was not aware of any plan to acquire a Philippines-based listed firm for possible backdoor listing.

Reports came out early this week that Okada was considering the possibility of acquiring listed Bright Kindle Resources and Investments Inc. for the prospective backdoor-listing of its casino venture.

“There was an overseas media coverage stating that Mr. Kazuo Okada, former chairman and director of Universal Entertainment Corp., will acquire the management rights of a list company to merge Okada Manila, an integrated casino resort project of the company, into the company. However the company is not aware of any such actions by him,” Universal Entertainment said.

Okada Manila, which opened in late 2016, is a $2.4-billion integrated gaming and resort development at Entertainment City in Parañaque.

Phase 1 of the project covers 21.55 hectares with 41,000 square meters of gaming area involving 500 gaming tables and 3,000 electronic games, two hotel towers offering 933 rooms, 21 food and beverage outlets, a 3,000-square-meter spa, a beach and night club occupying 4,500 square meters of space and one of the world’s largest dancing fountains.

Once fully operational, the 44-hectare Okada Manila is set to become the largest integrated entertainment resort in the country.

Okada Manila is the third integrated resort casino that opened in Entertainment City after Bloomberry Resort’s Solaire Resort & Casino and Melco Crown’s City of Dreams.

Both Bloomberry and Melco are listed with the Philippines Stock Exchange.

The fourth and final casino player―Travellers International’s West Side City Resorts World―targets to launch its casino operations by 2020.


source: http://manilastandard.net/business/busin...-plan.html

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