Concepcion Industrial Corp.
hopefully mabreak 46 today!!
doing good bro DT, congrats Smile
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(01-29-2015, 05:20 PM)INDO Wrote: doing good bro DT, congrats Smile

Thanks Sir INDO, Looking to add MORE on DIPS, silent crawler, silent bagger. bananabananabanana
...isang taon na paa 'tong last post dito Tongue

Fed announces historic rate increase, first since 2006

CONCEPCION Industrial Corp. (CIC) will be buying back up to 11 million shares over a three-year period, as it seeks to enhance shareholder value.

In a disclosure to the stock exchange, CIC said its board of directors approved the share buyback program that started on Wednesday and will end on Feb. 16, 2019.

“The total buyback shall be capped at a maximum of P100 million in the first year and up to 11 million of the company’s issued and outstanding common shares cumulatively over a three-year period, representing approximately up to 3% of the company’s current common market capitalization,” CIC said.

The maker of air-conditioners and refrigerators noted the buyback program “will not involve active and widespread solicitation from stockholders.”

CIC said the program will be executed through the open market.

“The buyback program aims to enhance shareholder value through the repurchase of shares whenever the stock is trading at a price discount perceived by the company as not reflective of its fair corporate value,” CIC said.

Shares in CIC closed nearly 6% higher at P39.55 on Wednesday.

The company grew its net income attributable to the parent company by 3.5% to P661 million last year, slower than the 26% expansion to P637 million in 2014.

Sales hit an all-time high in 2015, growing 15% to P10.6 billion from P9.2 billion a year ago.

CIC is the principal holding company for Concepcion-Carrier Air Conditioning Co. and Concepcion Durables, Inc. It controls the rights to the cooling and refrigeration brands Carrier, Condura, Kelvinator and Toshiba.

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Concepcion Industrial nets P533M
By: Doris Dumlao-Abadilla
01:14 PM August 10th, 2016
“If a speculator is correct half of the time, he is hitting a good average. Even being right 3 or 4 times out of 10 should yield a person a fortune if he has the sense to cut his losses quickly on the ventures where he is wrong.”
Concepcion Industrial earns 43% higher
By Iris Gonzales (The Philippine Star) | Updated October 27, 2016 - 12:00am

MANILA, Philippines – Concepcion Industrial Corp. reported a 43 percent growth in profit after tax in the nine months ending September this year.

CIC attributed the increase in income to the 20 percent topline growth during the same period.

For the third quarter alone, CIC posted earnings growth of 42 percent, driven by the 11 percent improvement in topline resulting from continued margin expansion, cost reduction and efficiency gains, favorable market conditions, and continuously low commodity prices.

“Earnings during the quarter was favorable across all business segments especially in its refrigeration segment,” CIC said.

CIC chairman and CEO Raul Joseph Concepcion said the company’s move to expand its core business has been paying off.

“Our strong performance and the recognition that we have been getting both from the investor community and our peers validate our efforts and the progress that we have made in profitably expanding our core businesses,” CIC said.

Last April, CIC announced a regular dividend of 69 centavos per share, 35 percent of prior year’s net income and this was paid last May 18.
...bulok stock Tongue

Concepcion Industrial Corp. subsidiary rebrands, expands solutions service

CONCEPCION Industrial Corp.’s commercial subsidiary is rebranding as it plans to expand its services into offering end-to-end solutions packages to take advantage of the expected growth in the construction sector.

Formerly known as Concepcion Building and Industrial Solutions, the subsidiary is now known as Alstra. It launched its official rebranding on Thursday to coincide with its plan to introduce new services and venture into other areas in construction such as security systems, fire protection, and energy management, aside from offering services and products related to air conditioners, elevators and escalators.

Despite its plans for expansion, Alstra Group Director Rajan Komarasu told reporters during a roundtable at the Green Sun – The Hotel, in Makati that they expect a slowdown in commercial infrastructure and “tall buildings” amid the government’s aggressive infrastructure-building campaign.

“It’s not a slowdown like it’s a recession. It’s more of a ‘wait and see’ [attitude by developers]. The projects are all there, it’s just [that] we feel that the next one to two years, there is going to be some sort of pull back, but that doesn’t entirely affect the whole ground in the construction industry,” he said.

Mr. Komarasu added that aside from the cautious attitude of investors in making commitments, the company has been worrying about the shortage of manpower and professionals in the construction industry which leads to the slow rate of project accomplishments.

When asked, however, about Alstra’s plans during this lull, Mr. Komarasu said that “[w]e have been doing a lot of investments. And what you see in the growth of the 17% and so on, that is actually the fruits of (our) labors that we did in the two to three years ago.”

“This is the best time for us to focus on what are the new things we can bring to the market. There are many ways we can do this. W can outsource through our sister companies or we can actually partner [with another company],” he noted.

Alstra is currently working on P14.3 billion-worth of projects, he said, but has a backlog worth P2 billion, a first for the five-year-old company, due to the incoming “pull back” from developers.

With no progress in any of the deals that the company has been pursuing, Alstra also decided to keep its investments within the country.

“We haven’t reached that far yet, but we felt that the Philippine market is huge, there’s plenty of opportunities down there (Philippines) and we haven’t really tapped [into] everything yet. When the local demand in here is so lucrative, why [also] look into exports?,” Mr. Komarasu said.

Company president Raul Joseph A. Concepcion said that they also plan to cover full building management in the future, aside from just light fixtures, elevators, and air-conditioning. Mr. Concepcion added that the set up for the service would be that building owners would pay Alstra to run the establishment, from setting up appliances to maintenance and repairs.

The current end-to-end services that Alstra will provide will include: equipment selection, engineering design, retrofit services, parts and supply, service repair, periodic maintenance, testing and commissioning, and project installation and management.

Among the brands Concepcion Industrial Corp. (CIC) carries are Carrier, Toshiba, and Otis.

CIC reported revenues of P12.3 billion last year. Alstra recorded P1.8 billion in revenue in the first half of 2017.

Alstra also launched Carrier XPower Super Plus, a new air-conditioning model, during the rebranding launch and EvoSolution forum, which is part of the company’s corporate social responsibility.

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...magreact kaya market dito sa bazurang 'to?

Concepcion Industrial Q3 profit up 12%

CONCEPCION Industrial Corp. on Friday reported a 12% increase in its third-quarter net profit to P182 million, which it said was driven by a “stronger” topline growth.

The profit figure, which is net of taxes and minority interest, comes from net sales of P3.2 billion, up 19% over the the same period a year ago and driven by strong consumer demand, the company told the stock exchange.

“We had expected a challenging environment going into the second half of 2017 with heightened commodity prices and uncertain FX [foreign exchange],” Raul Joseph A. Concepcion, the company’s chairman and chief executive officer, said in a statement.

He added that Concepcion Industries’ focus was its “frontline and operational execution,” which he said “drove sales and market share while maintaining cost efficiency and discipline in the organization.”

For the nine months to September, the company said net profit “continues to show strong momentum” at P752 million, higher by 9% compared with the level in the same period last year.

The bottomline figure was on the back of an 11% sales growth to P10.4 billion, the company said.

Concepcion Industries, which supplies conditioners, air conditioning solutions and refrigerators, said it would disclose details of its financial performance when it submits the quarterly reportorial requirements of the Securities and Exchange Commission.

The company’s performance during the period follows its announcement in April of a regular dividend of P1 per share, or 37% of the previous year’s net income. The payout was made on May 16, 2017.

It also declared a special 20% stock dividend on Aug. 3, 2017 after its approval by shareholders on June 7, 2017.

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...bulok pa rin Tongue

Concepcion Industrial’s bottom line rises 8%

THE SALE of over a million consumer appliances in 2017 boosted Concepcion Industrial Corp. (CIC)’s bottom line, the company said on Monday.

In a statement, the listed firm said profit after tax and minority interest (PATAMI) rose 8% year on year to P980 million in 2017. This follows a 12% increase in sales to P13.9 billion during the same period.

For the October to December period, CIC said it saw a faster top-line growth at 15%, while PATAMI rose by 3%.

The company attributed its fourth quarter performance to its focus on costs and operational efficiencies, which offset the impact of higher commodity prices and fluctuating foreign exchange rates.

“Our performance reflects continued strong demand brought about by consistently strong economic fundamentals, rising income levels and strong private sector confidence in the economy,” CIC Chairman and Chief Executive Officer Raul Joseph A. Concepcion said in a statement.

CIC supplies air-conditioners, air-conditioning solutions, and refrigerators under the brands Carrier, Toshiba, Condura, and Kelvinator, wherein Mr. Concepcion said the company was able to sell more than a million units in a span of a year.

“CIC continues to invest in capabilities in its production facilities to serve growing consumer demand as well as improving efficient processes within the organization… In our commercial segments, we continue to grow our order book in support of new development across the country,” Mr. Concepcion added.

Meanwhile, CIC Chief Finance Officer Victoria A. Betita said that the company will continue to face the risk of rising commodity prices and foreign exchange rates.

“The situation of rising commodity prices and currencies is a short-term challenge we will have to overcome through solid operating performance and execution,” Ms. Betita said.

Incorporated in 1997, CIC serves as a holding firm for its four subsidiaries, namely Concepcion-Carrier Air Conditioning Company, Concepcion Durables, Inc., Concepcion Otis Philippines, Inc., and Conception Business Services, Inc., as well as its affiliate, Concepcion Midea, Inc. 

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...ayoko ng Concepcion Big Grin

CIC aims to boost sales of air-conditioners

CONCEPCION INDUSTRIAL Corp. (CIC) is aiming to grab a bigger share of the market for air-conditioners, as it launches new products leveraging on the Internet of Things (IoT).

In a roundtable interview with reporters on Wednesday, CIC Chairman, CEO and President Raul Joseph A. Concepcion said demand for air-conditioners is rising amid the economy’s growth and rising income of Filipinos.

“Most of you know how difficult life is without air conditioners. It was never about the cost of the air-conditioners. It’s the usage… What wanted to find a gadget basically that would help the basic Filipino person in here. Only 12% of all families have air-conditioners,” he said.

Mr. Concepcion said the company, which currently has a market share of 35% for air-conditioners, is targeting middle-class consumers for its new products.

On late Tuesday, CIC’s newly formed Cortex Technologies Corp. unveiled its first product, the Carrier Smart+Cool system — which controls and tracks the usage of window-type air-conditioners through a plug connected to the air conditioner.

“[Right now, the] window rack [type of air-con] is the bulk of the market. We will have a market for high walls [split-type units] later in the year,” Mr. Concepcion said.

Concepcion-Carrier Air Conditioning Company director Harold Thomas Pernikar, Jr. said with the Carrier Smart+Cool solutions, the 12% penetration rate for air conditioners could go up to around 15% to 20%.

“Being able to provide real-time information with demand, you start to be able to turn around and say that maybe having an air-con is not so expensive to control because if I can control my budget, I can afford it. It’s not too expensive,” Mr. Pernikar added.

The product is expected to launch within the second quarter of the year.

CIC Chief Information Officer Sean Byrne said that Cortex Technology’s aim is to take “mature-level” technology from overseas and tweak it to suit the local taste in using highly digitized products.

Mr. Byrne said the goal is to see all CIC’s appliances adopt IoT to some degree, with the next venture might be for refrigerators.

Mr. Concepcion said around P50 million to P80 million was spent on the first stage of research and development conducted by Cortex.

“In terms of capacity, this year, we spend roughly double of what we spend usually in a year [for CIC]. Our annual capex is about P150 million to P200 million. Next year, we’ll spend double on that,” he added.

For 2018, CIC’s capex budget will be allotted for new facilities and new products.

CIC is currently building a new manufacturing facility which is expected to be operational by 2019.

The listed firm said profit after tax and minority interest (PATAMI) rose 8% year-on-year to P980 million in 2017. This follows a 12% increase in sales to P13.9 billion during the same period.

Mr. Concepcion said CIC expects 15% sales growth as it nears the P15-billion mark. 

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