TFHI - Top Frontier Investment Holdings Inc.
I am confused with the cross share holdings that happened but my unsolicited opinion is walang lumabas na pera out the cross share holding that transpired,for me this is just trying to monetize and create value out of NOTHING ,this is the kind of stock that does not warrant my attention and i think you should not touch this unless you are holding this , if you should be having this then good luck to you
phasssssssttttttttttttt angkol silverhand, i will heed your advice. i was planning to buy this stuck in bulk becoz of the news that TA-e will be involved in its drilling. but TA-e also began to reversed its trend in the last 2 days. see you at 1.60 TA-e. ay ambot lang .... Big Grin Tongue Big Grin
Top Frontier Investment Holdings (stock symbol: TFHI) encountered a drastic dip shortly after its IPO back in January. Sellers have been active early on and sent this stock down to as low as the upper-50s before it made a significant bounce.

Will TFHI dip back toward the 60s? Nobody knows at this point.

The Stochastic indicator is well above the overbought territory, but so far there is no sign of a reversal.

TP’s Advice: There is not enough chart information, but TFHI could provide a buying opportunity depending on price action in the coming weeks. Keep an eye on the tentative range extremes (60 and 100).

Should you monitor this like a hawk? Not really. There are more attractive stocks out there.

Top Frontier sees $600 million cashflow from nickel plant

MANILA, Philippines — The proposed $1.5 billion nickel-processing plant of the parent firm of diversified conglomerate San Miguel Corp. (SMC) is set to yield $600 million in free cashflow per year when completed.

In a briefing after the company’s annual stockholders meeting, Top Frontier Investment Holdings Inc. president and CEO Ramon Ang said the firm is still awaiting government approval for the proposed nickel-processing plant near its Nonoc mining site in Surigao.

The proposed facility will use high-pressure acid leaching (HPAL) technology with a targeted annual output of 200,000 tons. It was supposed to be completed last year.

“If we are able to put up that HPAL and smelter , that will give us at least $600 million in free cashflow per year,” he said.

Last year, the company said it was in talks with several firms as possible equipment suppliers for the nickel project in Surigao del Norte under its mining unit Clariden Holdings Inc.

For the Nonoc nickel project, Clariden holds mining rights over 23,877 hectares in the island of Nonoc, Hanigad and Awasan Surigao City.

 The Nonoc nickel project was granted the fifth and final renewal of the two-year exploration period by the Mines and Geosciences Bureau in February last year covering the period of Feb. 25, 2017 to Feb. 24, 2019 for the full implementation of the approved exploration work program and environmental work program, as well as the filing of Declaration of Mining Project Feasibility (DMPF).

 SMC also plans to build a 600-megawatt (MW) power plant that could cost around $900 million to provide power to its upcoming nickel processing plant in Surigao del Norte.

The nickel plant would need to have a ready power supply of as much as 450 MW.

Apart from serving the nickel plant’s requirements, SMC will  also allot supply for the needs of the province.



...pampagulo lang 'to eh, dapat di na ito ni-list sa PSE Tongue redundant ng SMC

Top Frontier profit drops in 3rd quarter

TOP FRONTIER Investment Holdings, Inc. (TFIHI) posted a 17% drop in attributable profit in the July to September period, as higher expenses dampened the rising sales of its units.

In a regulatory filing, the TFIHI posted a net income attributable to equity holders of the parent of P2.06 billion, lower than the P2.92 billion it booked in the same period a year ago. This came amid a 30% increase in sales to P262.27 billion.

On a nine-month basis, TFIHI’s attributable profit further slipped by 34% to P5.57 billion, even as revenues climbed 27% to P761.16 billion.

TFIHI is the largest shareholder of diversified conglomerate San Miguel Corp. (SMC), which has core interests in food and beverage, fuel and oil, power, packaging, and infrastructure.

The beverage unit through San Miguel Food and Beverage, Inc. expanded revenues by 15% to P206.62 billion in the nine-month period, boosted by the higher volumes across the beer, liquor, and food divisions. This resulted to a 17% increase in operating income to P34.03 billion.

San Miguel Yamamura Packaging Group generated P27.14 billion in revenues for the period, 21% higher year-on-year following the growth of its Australian operations.

For Petron Corp., consolidated revenues exhibited a 34% increase to P419.86 billion, resulting to a 3% uptick in consolidated profit.

The energy unit meanwhile saw its operating income climb 31% to P25.75 billion.

At the same time, the company recorded a 31% increase in cost of sales to P605.01. Billion, on account of higher crude prices and impact of excise tax on Petron. San Miguel Brewery was also affected higher excise taxes, while the food group incurred higher costs due to price increases in major raw materials.

TFIHI also logged higher interest expenses during the nine-month period, given the higher level of loans payable and long-term debt compared to last year.

As of end-September, SMC has issued P50 billion in Series A, B, C, D, E, F, and G bonds, it availed $400 million worth of long-term debt last year, in addition to another $400 million last March. It also availed of $300-million corporate notes last June.

The power unit through SMC Global Power Holdings, Corp. also availed of $1.2-billion loan this year, in addition to P15 billion worth of bonds last August to finance its acquisition of the Masinloc group. In 2017, the company also raised P20 billion worth of bonds.

The peso further affected the company’s expenses, as it depreciated to P54.02 by the end of September from P49.93 in December 2017. This led to higher foreign exchange losses on the translation of the foreign currency denominated long-term debt and finance lease liabilities.


If you are unaware about the market you will definitely be at the loss but with the passage of time, your position in the market will be strong. One should know his country policy about taxes because different countries have different rules. It's all about the information that you should manage to get before trading.

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