Stock Market PILIPINAS: Empowering the Filipino Investors
Cemex Holdings Philippines, Inc. - Printable Version

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Cemex Holdings Philippines, Inc. - Gavh1208 - 07-06-2016

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.

http://business.inquirer.net/211608/cemex-p25-b-ipo-starts




RE: CHP- Cemex Holdings Philippines, Inc - Gavh1208 - 07-06-2016

http://edge.pse.com.ph/openDiscViewer.do?edge_no=abdbd6308abd5c3172785c150f4cd6d2#sthash.lwJgUfK5.dpbs

Final propectus:
corporate link
http://www.cemexholdingsphilippines.com/offering-circulars.aspx



RE: CHP- Cemex Holdings Philippines, Inc - Gavh1208 - 07-06-2016

My own views:

more or less 70 percent of proceeds will pay existing debt. (para maka utang ulit cguro sa mababang interest)
offer shares: masyado malaki (hindi kayang itulak ng mga tsupiteros.) hahaha.
Business Overview: Cemex Philippines has two cement plants. vis at luzon.
sales/profit: 16% increase 2014, 23% in 2015. (maganda ung takbo ng business)
future growth: sa duterte admin madame silang PPP na ilalabas I think magbebenefit ito at madame demand sa cemento.

Conclusion for long term investor: may future growth (pwedeng-pede)

Short term trader/ipo players: set TS kung nakakuha kayo sa IPO price, 10 to 20 percent hindi na masama na profit.

Own conclusion: PASS muna ako for now. hahaha. (ang dame ko pa tlga sinabi sa taas pass din pala) ahihihi.




RE: CHP- Cemex Holdings Philippines, Inc - phantom - 07-06-2016

(07-06-2016, 12:28 PM)Gavh1208 Wrote: My own views:

more or less 70 percent of proceeds will pay existing debt. (para maka utang ulit cguro sa mababang interest)
offer shares: masyado malaki (hindi kayang itulak ng mga tsupiteros.) hahaha.
Business Overview: Cemex Philippines has two cement plants. vis at luzon.
sales/profit: 16% increase 2014, 23% in 2015. (maganda ung takbo ng business)
future growth: sa duterte admin madame silang PPP na ilalabas I think magbebenefit ito at madame demand sa cemento.

Conclusion for long term investor: may future growth (pwedeng-pede)

Short term trader/ipo players: set TS kung nakakuha kayo sa IPO price, 10 to 20 percent hindi na masama na profit.

Own conclusion: PASS muna ako for now. hahaha. (ang dame ko pa tlga sinabi sa taas pass din pala) ahihihi.

thanks Senor! naalangan lang ako sa IPO na ipambabayad ng utang


RE: CHP- Cemex Holdings Philippines, Inc - StockJunkie - 07-16-2016

Sa lunes na ito. maka tsupit nga!


RE: CHP- Cemex Holdings Philippines, Inc - Shoegazer - 07-16-2016

Tsupitero si StockJunkie ah. Hehe


RE: CHP- Cemex Holdings Philippines, Inc - Gavh1208 - 07-17-2016

heto na bukas na ito. place your bet guys. goodluck sa mga meron.

PD: did not subscribe on this. kahit na tinawagan pa ako at may email pa to reserve. reply ko PASS po muna.hehehe. papasok ako dito but definitely not now.


RE: CHP- Cemex Holdings Philippines, Inc - Jaytums - 07-17-2016

If gumalaw same kay HVN, then pasok. Ladder type trend ung nangyari kay HVN. Open at 11, then sell down, then went up breaking its opening price. Un ung indicator na may ibubuga ung stock. Pag malabo pass.


RE: CHP- Cemex Holdings Philippines, Inc - basurero77 - 07-17-2016

papano po ba yung diskarte dyan sa tsupit Smile.. baka po pede makahingi ng technic?


RE: CHP- Cemex Holdings Philippines, Inc - Shoegazer - 07-17-2016

(07-17-2016, 07:30 PM)basurero77 Wrote: papano po ba yung diskarte dyan sa tsupit Smile.. baka po pede makahingi ng technic?

Mahirap ang trading, bro. You need to have years of experience before you can call yourself a trader. Lalo sa tsupita. At kahit bihasa ka nang trader you cannot really predict accurately where the stock prices will go. I suggest magbasa basa ka muna. Try looking for books here courtesy of bro Hitman: http://www.stockmarketpilipinas.com/thread-154-page-1914.html

May mga seminars din dito sa SMP. You may get in touch with Comm Ollie and the other moderators. They are very generous here in sharing valuable insights.

Good luck!