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  Fruitas Holdings Inc.
Posted by: Ollie - 02-05-2018, 02:50 PM - Forum: StockTraders' Lounge - No Replies

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.


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  BITCOIN and The Cryptos
Posted by: phantom - 01-16-2018, 06:52 PM - Forum: StockTraders' Lounge - Replies (7)

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.


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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 (3)

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 (657)

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 (2) 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 (9)

...reserved for company profile

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  Cebu Landmasters Inc.
Posted by: Gavh1208 - 05-18-2017, 04:52 PM - Forum: StockTraders' Lounge - Replies (25)

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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