Premium Leisure Corp.
#SlowButSure

bought some a couple of days already
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gumagalaw na ng kote #SlowButSure
Trading stocks is never a sure thing. Please do your own homework before pressing the button.

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$PLC will easily break-out from it's P1.46 52-week high

#SlowButSure
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Quote:PREMIUM Leisure Corp. (PLC), the gaming vehicle of tycoon Henry Sy, saw its net income expand five times in 2016 on higher gaming revenue streams from City of Dreams Manila and the full-year consolidation of its lottery systems technology unit.

In a disclosure to the Philippine Stock Exchange on Friday, PLC said its net income soared 419 percent to P1.2 billion last year from 2015’s P223.2 million.

“The significant growth is attributable to higher gaming share revenues from City of Dreams Manila as well as the full-year consolidation of Pacific Online Systems Corp. (LOTO) in 2016,” PLC said.

LOTO leases online betting software, equipment and terminals to the Philippine Charity Sweepstakes Office (PCSO) for its lottery operations in the Visayas and Mindanao regions.

Alson on Friday, PLC also announced the declaration of a cash dividend of 2.81 centavos per share, or a total cash dividend payment of P888 million, to stockholders of record on March 10. The dividends are payable on March 23.

http://www.manilatimes.net/premium-leisu...2b/314068/
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Taking advantage of today's current price weakness to buy
Trading stocks is never a sure thing. Please do your own homework before pressing the button.

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Premium Leisure posts 319% hike in 2016 net income
https://twitter.com/danessarivera/status...9414616064
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#SlowButSure

Break-out!
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...tagal na pala last post dito Tongue

Gaming revenues from CoD Manila boost PLC’s profits

Gaming investment firm Premium Leisure Corp. (PLC) saw a 112-percent year-on-year surge in nine-month net profit attributable to equity holders of parent firm amounting to P1.32 billion, driven mostly by its share of robust gaming revenues from City of Dreams Manila.

For the third quarter alone, PLC’s attributable net profit rose by 57.5 percent year-on-year to P427.81 million, underpinned by a 71.4 percent year-on-year growth in gaming revenues to P695.35 million, based on the company’s regulatory filing.

Including minority interest, PLC’s net profit for the January to September period rose by 94 percent year-on-year to P1.53 billion.

“This growth is due mostly to the continued rise in its gaming share revenue from the overall improvement in the Philippine gaming market, particularly the gaming operations of City of Dreams Manila (CODM), as well as the increase in equipment lease rentals resulting from the higher national lottery and KENO sales of the Philippine Charity Sweepstakes Office (PCSO) for the year,” PLC said.

The nine-month performance jacked up PLC’s return on equity to 12.4 percent from only 5.8 percent in the same period last year.


source: http://business.inquirer.net/239876/gami...cs-profits


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3-3

Premium Leisure buying back shares from market

Premium Leisure Corp. (PLC), the gaming investment arm of Belle Corp., seeks to jack up shareholder value by setting aside P500 million to buy back shares from the stock market.

PLC has obtained approval from its board to pursue the stock repurchase program. The actual number of shares to be repurchased cannot be determined yet as this will depend on the total buyback price of the shares, PLC told the Philippine Stock Exchange on Friday.

“There is no specific timetable for the effectivity of the buyback program and management at its discretion will act on the timing and buying levels as it deems fit,” the disclosure said.

Companies buy back shares from the stock market when they deem that share prices are undervalued. However, only companies with retained earnings are allowed to buy back shares.

Once PLC buys back shares, these will be lodged as treasury shares. To date, PLC has no treasury-held shares.

“The buyback program shall be implemented in an orderly manner and should not adversely affect the company’s and its subsidiaries’ prospective and existing projects,” the company assured.

PLC is valued by the stock market at P39.2 billion, lower than Melco Resorts & Entertainment Corp., athe local unit of Macau-based casino giant Melco, which has a market capitalization of P44.2 billion.

PLC has an operating agreement with Melco that entitles it to a 50-percent share of gaming revenue from integrated gaming resort City of Dreams Manila. It also generates revenue from equipment lease rentals, commission and distribution income through subsidiary, Pacific Online Systems Corp.


source: http://business.inquirer.net/246891/prem...res-market


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4-24

Belle Corp Q1 profit up 10% at P857M


PROPERTY and casino operator Belle Corp. said consolidated net income in the first quarter of 2018 grew 10 percent to P857 million from P783 million a year ago on strong gaming revenues and real estate related income.

In a disclosure on Monday, Belle said recurring net income—excluding capital gains from sales of non-core investments and extraordinary items—rose 17 percent to P888 million from P759 million in the same period last year.

Through its 78.7 percent-owned subsidiary, Premium Leisure Corporation (PLC), Belle Corp.’s earnings before interest, taxes, depreciation and amortization (EBITDA) from its income share in the gaming operations of City of Dreams Manila grew 8 percent to P474 million in the first quarter from P439 million the year before.

Meanwhile, operating income from its property businesses increased 27 percent to P571 million in the first quarter from P451 million in the comparable period last year.

City of Dreams expansion
In a chance interview on the sidelines of Belle Corp.’s annual stockholders’ meeting on Monday, company president Manuel Gana said Belle is set to expand a one-hectare lot within City of Dreams Manila for more non-gaming components.

“We have one hectare across the City of Dreams, across the Hyatt entrance, and we proposed to Melco for an expansion because we need more hotel rooms in City of Dreams. It is almost filled to capacity every time,” Gana said.

 “We are waiting to hear back from them, with respect to their plans and designs. The ball is in Melco’s court. They have a lot of things on their plate” right now, he added.

Based on the board of directors’ preliminary discussions, the company may put up more hotel rooms, ballrooms, and swimming pools, Gana said.

“Right now we have more than 900 rooms… and from what I understand, the average occupancy is more than 90 percent,” he said.

Over the next five to 10 years, Belle will also develop an 800-hectare property in Batangas.

Belle declared a cash dividend of P0.12 per share to common shareholders of record as of March 23, 2018, or a total dividend payout of P1.27 billion, up 26 percent from last year.


source: http://www.manilatimes.net/belle-corp-q1...7m/394463/


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