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  Stocks Review by JMF/Simple Trader
Posted by: Ollie - 11-20-2017, 10:01 AM - Forum: StockTraders' Lounge - Replies (183)

a new dawn


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  TRELI - Tiger Resort Leisure & Entertainment Inc.
Posted by: Ollie - 10-19-2017, 08:57 AM - Forum: StockTraders' Lounge - Replies (1) 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.


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  Philippines AirAsia Inc.
Posted by: Ollie - 10-03-2017, 08:58 AM - Forum: StockTraders' Lounge - Replies (4)

...reserved for company profile

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  Cebu Landmasters Inc.
Posted by: Gavh1208 - 05-18-2017, 04:52 PM - Forum: StockTraders' Lounge - Replies (22)

Cebu Landmasters prices IPO at P5 per share

Cebu’s largest homegrown property developer Cebu Landmasters Inc. (CLI) has set its initial public offering at a price of P5 per share, allowing the real estate firm to raise up to P2.9 billion in fresh funds for expansion in Visayas and Mindanao.
Founded by property veteran Jose Soberano in 2003, will offer 505 million shares and earmarked another 75 million for over-allotment option.

“We are excited to bring Cebu Landmasters to the market at this price,” said Eduardo Francisco, president of BDO Capital & Investment Corp., the issue manager and joint lead underwriter and bookrunner with BPI Capital Corp.
“Demand was strong with several well-respected funds committing to the vision of the Soberano family,” he added in a press statement after the IPO price-setting late Friday.
Francisco said CLI ran an “excellent business” that served as an inspiration to entrepreneurs aspiring to go public, with the pricing a “direct play on the Vis-Min (Visayas-Mindanao) growth story” and the company itself. He said this company was “poised to deliver its goal to be Vis-Min’s leading developer by 2020.”
“Our books are fully covered, but we will set aside shares for retail (investors) to come in during the offer,” ge said.
The strong demand and quality of investors reflected the “exceptional property development business the Soberanos have built over the past decade,” said Reggie Cariaso, senior managing director of BPI Capital Corp. “It also shows the market wants more exposure to the fast growing Vis-Min market” with investors to “find the pricing a good way to participate in the continued growth of the company and the region.”
CLI’s offering will run from May 19 to 26 and listing will be on June 2. Public roadshows will be held on May 17 in Makati Shangri-La, May 18 in Cebu City Marriott Hotel and May 19 in Marco Polo Davao.
Primary proceeds will be used to mainly fund land acquisition and development costs for new and ongoing projects, based on the company’s prospectus. Some will also fund debt repayment and general corporate purposes.
In 2016, CLI booked a net income of P702.32 million. It has grown at a compounded annual growth rate (CAGR) of 150 percent since 2012. Sales turnover last year stood at P2.18 billion while operating profit ended at P849.7 million, translating to a CAGR of 61.47 percent and 116.82 percent, respectively.

CLI has 13 projects under different stages of development and construction while six more projects being planned for development in the near future.

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  ExpressPay Inc.
Posted by: Ollie - 05-03-2017, 11:47 AM - Forum: StockTraders' Lounge - No Replies

Financial service aggregator Expresspay plans P528-M IPO

FINANCIAL service aggregator Expresspay, Inc. is planning to make its debut on the stock market this year with an initial public offering (IPO) for as much as P528 million.

Expresspay sought the Securities and Exchange Commission’s approval to list on the Small, Medium and Emerging (SME) Board of the Philippine Stock Exchange (PSE) on June 19, with the ticker “XP.”

In its preliminary prospectus, Expresspay said it is looking to sell as much as 193.5 million primary shares at an offer price of up to P2.73 each, to raise as much as P528 million.

The maiden share sale will allow public investors to own 26% of the company, which primarily deals with providing information technology solutions to banks, financial institutions, and other entities. The 193.5 million shares will add to Expresspay’s 550.6 million issued and outstanding common shares.

Expresspay tapped Unicapital, Inc. to be the issue manager and underwriter for the IPO.

The offer price will be set on June 2, while the offer period will be from June 5 to 9. Listing date is set for June 19.

Expresspay expects to net P478.41 million from the IPO, which will be used to set up outlets throughout the country and to develop mobile-based payment platforms.

From the proceeds, Expresspay said it will allocate P80 million to set up 100 company-owned outlets in Visayas and Mindanao, as well as head offices in Cebu and Davao. A total of P100 million will be used for the promotion of the Expresspay brand through various marketing programs, while P120 million is allotted for business development opportunities.

The company is also planning to spend P50 million to improve its online infrastructure, P20 million for the development of an e-wallet mobile application, and P10 million for a mobile-based platform for cooperatives.

The remaining P98.41 million will be allotted for general working capital requirements in the latter half of 2017.

Expresspay currently has 1,031 outlets nationwide, 90% of which are based in Luzon and 47% in the National Capital Region. It employs an “e-payment system” to provide the unbanked sector with access to financial and nonfinancial services.

In 2016, Expresspay said its net income surged 205% to P25.8 million, from the P8.5 million in 2015. Revenues stood at P134.1 million, mainly from franchise setup fees and services.

“Logistics is one of the business models that a lot of businessmen are interested in right now. I think it will perform well,” Diversified Securities, Inc. equities trader Aniceto K. Pangan said in a phone interview.

Mr. Pangan cited the Metro Pacific group’s entry into the logistics sector through the acquisition of Ace Logistics and the Sy family’s recent partnership with 2GO Group, Inc.

“With the kind of economy that we’re having, an online financial system of payment company will definitely help boost the rate of payments,” Mr. Pangan said.

Expresspay joins the growing number of companies seeking to go public this year. Eagle Cement Corp. (P8 billion), Cebu Landmasters, Inc. (P3.8 billion), Bermaz Auto Bhd. (P1.24 billion) and Pure Energy Holdings Corp. (P1.58 billion) have already secured SEC approval to proceed with their respective IPOs.

“The sustainability of the economy is at that standpoint level, that a number of IPOs are taking advantage to have their companies publicly listed,” Mr. Pangan added.

Still pending with the SEC are IPO applications from Xeleb Technologies, Inc. for P751.8 million, Audiowav Media, Inc. for P2.66 billion, and most recently Chelsea Logistics for P8 billion.

Wilcon Depot, Inc. set the stage for companies willing to list on the stock exchange this year, after raising P7.03 billion in its debut on March 31.


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  Chelsea Logistics Holdings Corp.
Posted by: Ollie - 04-27-2017, 11:23 AM - Forum: StockTraders' Lounge - Replies (11)

...rise of the Davao traders

Chelsea Logistics files for P8-billion IPO to fund expansion

CHELSEA Logistics Corp., a company founded and led by Davao businessman Dennis Uy, has filed with the Securities and Exchange Commission (SEC) a preliminary prospectus for its initial public offering (IPO) by July.

The company said it is planning to offer 546.59 million common shares at a maximum price of P14.63 each, raising P8 billion in fresh capital.

The offer is about 30 percent of its 1.82 billion outstanding shares after the IPO.

The company said it has moved toward launching an IPO to accelerate its expansion while the Philippine economy continues to progress.

This will be the third company of Uy’s Udenna Group to go public after Phoenix Petroleum Philippines Inc. and 2Go Group Inc., which are now under his management. The company hopes to join the main board of the Philippine Stock Exchange (PSE) under the ticker symbol “CLC”.

CLC also lodged with the PSE an application to list the offer shares and the rest of its outstanding shares.

“We are accelerating the expansion of Chelsea Logistics, with a view to make it the prime mover of goods and passengers in the Philippines,” said Uy, the company’s president. “As we move forward, we hope to contribute to our economy’s growth.”

“As it expands further, Chelsea Logistics aims to support and facilitate more efficient trading within and outside the archipelago in light of ongoing efforts to strengthen the Asean Economic Community,” he said.

Proceeds of the IPO is largely earmarked for the expansion of the company’s cargo and passenger shipping businesses organically, as well as through acquisitions.

The company will run the IPO from June 21 to 27 and debut on the PSE on or about July 5, subject to approval by regulators.

BDO Capital serves as the issue manger, lead underwriter and sole bookrunner.

CLC is the logistics arm of Udenna Corp., the holding company of Uy, who has built and grown companies like Phoenix Petroleum into major industry players.

Udenna ventured into the logistics sector as early as 2006 through Chelsea Shipping Corp. (CSC) to support the operations of Phoenix Petroleum, formerly Davao Oil Terminal and Services Corp.

The shipping business of Udenna has since grown into the country’s largest shipping group operating throughout the Philippines and Southeast Asia. It has the largest tanker fleet in the country in terms of capacity with a total 39,271.64 gross registered tonnage.

The company said it wants to further strengthen its presence in the logistics sector by creating synergies with publicly listed integrated transport solutions provider 2Go.

Chelsea was organized and registered with the Philippine Securities and Exchange Commission on August 26, 2016 as Chelsea Shipping Group Corp., and changed its name in December on the same year.

The company engages in the shipping-transport business through its wholly owned subsidiaries CSC and Trans-Asia Shipping Lines Inc.

CSC engages in the maritime conveyance or transport of petroleum products, goods, wares and merchandise in the Philippines, while Trans-Asia Shipping engages in transporting passengers and cargo within Philippine territorial waters and/or in the high seas.

In March 2017, CLC acquired the outstanding capital stock of Udenna Investments BV through a shareswap agreement.

Udenna has economic interests in KGLI-NM Holdings Inc., which has direct ownership of Negros Navigation Co. Inc., the largest shareholder in 2GO Group Inc.


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  Wilcon Depot, Inc.
Posted by: Ollie - 04-27-2017, 10:50 AM - Forum: StockTraders' Lounge - Replies (1)

Wilcon Depot, Inc., (WLCON) was incorporated on December 17, 2015 as a home improvement and construction supplies retailer. WLCON is a subsidiary of Wilcon Corporation, formerly Wilcon Builder's Depot, Inc., which opened its first branch in 1977 along Quezon Avenue in Quezon City.

The Company operates its business and offers its products via two retail formats - the depot store format and the home essentials store format. WLCON has a wide array of product offerings which include local and international brands of tiles and flooring, plumbing and sanitary wares, electrical and lighting products, hardware and tools, furniture, furnishings and houseware, paints, and building materials, among others.

The Company currently operates 36 stores nationwide, 30 of which are depots located in major cities in the country, while two are mall-based and four are stand-alone home essentials stores.

Source: Prospectus (2017)

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  Eagle Cement Corporation
Posted by: Ollie - 04-27-2017, 10:45 AM - Forum: StockTraders' Lounge - Replies (10)

Ang’s Eagle sees Philippine cement boost on Duterte infrastructure plan

PHILIPPINE TYCOON Ramon S. Ang’s cement company is betting that a $169-billion spending spree by President Rodrigo Duterte on infrastructure will spur sales to a record this year.

Sales will probably rise to 4 million metric tons in 2017 from 3 million metric tons last year at Eagle Cement Corp., outpacing the industry’s growth, company President Paul Ang said in an interview in Makati City. The company, poised this week to price the nation’s largest initial public offering in 2017, is expanding its production capacity to meet demand.

“Demand in the past several years has really been driven by private consumption,” Mr. Ang, the eldest of San Miguel Corp. President Ramon Ang’s eight children, said April 20. “Imagine how much more this industry can grow if government spends what it plans to on infrastructure.”

Demand for cement is rising as the Philippines plans to invest P8.4 trillion ($169 billion) to build airports, railways, roads, bridges and subways during Duterte’s six-year term. The increased demand helped boost Eagle’s first-quarter profit by about 25% to P1 billion from a year earlier, the 37-year-old Mr. Ang said.

Eagle and the Ang family, through Far East Cement Corp., plan to sell as many as 575 million shares at up to P16 each in its initial share sale next month. Eagle may get proceeds of up to P8 billion from the total of as much as P9.2 billion.


The younger Ang said he took a loan from his father in 2002 to revive a distressed cement plant in the Malaysian state of Sarawak, turned the company around, and sold it to set up Eagle.

The cement maker’s plant in Bulacan province, north of capital Manila, has capacity of 5.1 million metric tons, and a new production line there will add 2 million tons by 2018. It’s also building a plant in the central province of Cebu to boost capacity by another 2 million tons.

The excess capacity will help Eagle tap markets outside the Philippines’ main island of Luzon, which accounts for two-thirds of the nation’s total demand, according to Mr. Ang.

“I am building now even before demand kicks in,” Mr. Ang said. “By 2020, I would be sold out in Luzon if I don’t start building again.”


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  Shakey’s Pizza Asia Ventures Inc.
Posted by: Gavh1208 - 10-11-2016, 08:39 AM - Forum: StockTraders' Lounge - Replies (26)

PO family-led Shakey’s Pizza Asia Ventures Inc (SPAVI), a leading full-service restaurant in the country, seeks to raise up to P5.5 billion from a local stock market debut this year.

SPAVI filed on Monday a prospectus with the Securities and Exchange Commission (SEC) to sell up to 352 million primary and secondary shares – including 46 million shares to meet excess demand, at a maximum price of P15.58 each.

The offer price is expected to be finalized in November ahead of a possible listing in December 2016.

“We intend to use the offer proceeds for the expansion of our in-house commissary, working capital requirements, potential acquisitions, and repayment of debt,” SPAVI said late Monday.

Deutsche Bank AG had been appointed sole global coordinator and bookrunner for the deal while BDO Capital and Investment Corp. and First Metro Investment Corp. were mandated as joint lead managers and underwriters.

Evercore acts as exclusive financial adviser to SPAVI.

SPAVI’s in-house commissary supplies the bulk of its proprietary pizza dough and crust used to create Shakey’s trademark “thin crust” pizza.

Shakey’s, recognized globally as the original pizza franchise in the US, was first established in the US in 1954 and is best known for “the pizza that started it all”. The first Shakey’s pizza parlor opened in the Philippines in 1975. It has since then gained popularity for its thin crust pizzas and its iconic chicken and mojos.

Locally, where SPAVI owns the rights to the Shakey’s trademark, the company holds the number one position in the traditional full service pizza chain and family style casual dining categories. It had 177 stores all over the country as of June 2016, with plans to expand in the greater Manila and provincial areas. Seven more stores are expected to open before the end of 2016, with 20 more new stores in the pipeline for 2017.

Apart from the Philippines, SPAVI also owns perpetual rights to the Shakey’s brand for the Middle East, Asia (ex Japan and Malaysia), China, Australia, and Oceania.

SPAVI is majority owned by the Po Family’s Century Pacific Group Inc (CPGI), parent company of Philippine listed Century Pacific Food Inc (CNPF).

Earlier this year, CPGI and GIC, Singapore’s sovereign wealth fund, teamed up to acquire majority of the pizza business from the Prieto family, which continues to hold a minority stake in SPAVI.

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  Cemex Holdings Philippines, Inc.
Posted by: Gavh1208 - 07-06-2016, 11:47 AM - Forum: StockTraders' Lounge - Replies (23)

CEMENT manufacturer Cemex Holdings Philippines Inc. is set to start today (Monday) a P25.1-billion initial public offering (IPO).
Cemex priced its IPO at P10.75 per share. It will offer to the public 2.03 billion primary shares with an over-allotment option of 304.95 million shares. This will bring about 45 percent of its stock to public hands and set the company’s market capitalization at P55.85 billion upon listing.
The offering will run from July 4 to 11. Listing on the main board of the Philippine Stock Exchange was tentatively set for July 18. Cemex will use the trading symbol “CHP.”

At P25.1 billion, the Cemex IPO is the third largest conducted in the PSE to date. The two biggest IPOs so far this year were those of retailer Robinsons Retail Holdings Inc. (P28.11 billion in 2013) and Sy family-led conglomerate SM Investments Corp. (P26.25 billion in 2005).
“The deal was oversubscribed even without orders from trading participants and local investors,” said Eduardo Francisco, president of BDO Capital & Investment Corp., the offering’s lead underwriter. As such, Francisco said the oversubscription option would be exercised.
It was earlier reported that some institutional investors had agreed to be the cornerstone investors for the IPO, including BlackRock Inc., Fullerton Fund Management Co. (a unit of Singaporean state investment firm Temasek) and Avanda Investment Management.
The shares of Cemex will also be offered to local small investors (LSI) as part of the retail investor program of the PSE. The LSI program requires the issuer to allocate 10 percent of its offered shares to retail investors.
In the case of Cemex, 406.6 million IPO shares were allotted for trading participants while 203.3 million shares were earmarked for the LSI program.
Citigroup Global Markets Ltd., The Hongkong and Shanghai Banking Corp.’s Singapore branch and JP Morgan Securities plc are the joint global coordinators and joint bookrunners.
“The outlook for cement is actually pretty good. [President] Duterte is planning to boost infrastructure spending. Fuel costs are pretty low so they are able to keep their margins,” said AB Capital Securities analyst Alex Tiu.
But one bit of a “turn-off” for AB Capital is that Cemex is trying to use IPO proceeds to pay debt, Tiu said.
Cemex intends to use proceeds for repayment of $504 million in short-term loan which was incurred in connection with the acquisition of operating subsidiaries Apo Cement Corp. and Solid Cement Corp.
Tiu added that Cemex had a high free float. “So we don’t expect similar performance to Golden Haven Memorial Park (whose price doubled in two days after the IPO),” he said.

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