MARKET HEADLINE: SHORT SELLING BY OCTOBER

DoubleDragon Properties Corp.
(08-06-2018, 02:44 PM)Ollie Wrote: ...mahihirapan tayong maniwala nyan pag hindi substantiated Smile

kaya nga com, hnd rin sinabi ang reason. so far wala rin akong mahanap na ibang source.
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(08-06-2018, 03:19 PM)Govriel Wrote:
(08-06-2018, 02:44 PM)Ollie Wrote: ...mahihirapan tayong maniwala nyan pag hindi substantiated Smile

kaya nga com, hnd rin sinabi ang reason. so far wala rin akong mahanap na ibang source.

...well, let's just treat it as market noise on DD Tongue  tsismis
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8-9

...good news

DoubleDragon Properties completes first industrial warehouse in Tarlac

DOUBLEDRAGON Properties Corp. has completed its first industrial warehouse in Tarlac, the first of the eight it plans to construct until 2020.

In a statement issued Wednesday, the listed property developer said CentralHub Tarlac will be the template to be used in building the seven other industrial complexes it has in the pipeline in the next two years.

“The prototype is designed to provide maximum flexibility for its users such as commissaries, cold storages, light manufacturing and logistics distribution centers,” DoubleDragon Chairman and CEO Edgar J. Sia II was quoted in a statement as saying.

DoubleDragon is banking on the projected rise in demand for multi-use warehouses in the country driven by consumer-related companies.

The company will be developing another CentralHub site in North Luzon after Tarlac. It will also build two each in Visayas and Mindanao.

DoubleDragon has only identified Tarlac and Iloilo for the first two sites, which once fully developed will give it 54,000 square meters (sq.m.) of leasable industrial space.

DoubleDragon Chief Investment Officer Hannah Yulo said the company’s aim is to focus on the physical structures that will support the needs of logistics and e-commerce players in the country.

“The current supply of provincial warehouses are not e-commerce suited and the industry is very fragmented with none of the major players owning a portfolio of industrial warehouse complexes in the provincial areas of Luzon, Visayas and Mindanao. As such, we see great opportunity to be able to dominate the industrial leasing industry in the near-term,” Ms. Yulo said in a statement.

The expansion of industrial leasing spaces is part of DoubleDragon’s plan to have 1.2 million sq.m. under its leasable portfolio by 2020. This will include 700,000 sq.m. from 100 CityMalls, 300,000 sq.m. from Metro Manila office projects, and 100,000 sq.m. from 5,000 hotel rooms under the Hotel 101 and JinJiang Inn Philippines brands.


source: http://www.bworldonline.com/doubledragon...in-tarlac/
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8-15

...well and good, pero antaas pa rin kasi ng presyo nyo eh kahit galing pa yan sa mas mataas Big Grin

DoubleDragon profit surges in 2nd quarter

DOUBLEDRAGON Properties Corp. on Tuesday said its second quarter consolidated net income more than doubled to P513.5 million, boosted by rental revenues from its community malls and offices.

In a statement, DoubleDragon said its consolidated net income jumped 144% to P513.5 million during the April to June period, from P210.7 million a year ago.

For the January to June period, the listed property developer reported its consolidated net income surged 234% to P1.26 billion.

Recurring revenues increased by 216% to P883.29 million for the three months ending June 30, fueled by the 358% surge in rental revenues to P749.95 million.

During the first half, consolidated revenues went up 123% to P3.63 billion, while recurring revenues rose 199% to P1.41 billion. Rental income also more than quadrupled to P1.16 billion.

“Recurring revenues now accounts for 39% for the first half of 2018 vs. only 29.0% during the same period last year as the Company becomes closer to its goal of becoming a 90% recurring revenue company by 2020,” DoubleDragon said.

DoubleDragon Chief Investment Officer Hannah M. Yulo said this is the first time the value of its investment properties exceeded the P50 billion mark, now at P51.2 billion as of end-June.

“Our financials are now clearly harvesting the hard work we have put into intricately building a valuable leasing portfolio. These are solid revenue contributions that are recurring in nature and will continue to grow organically as we increase our rental yields,” she was quoted as saying.

DoubleDragon targets to have a leasable portfolio of 1.2 million square meters (sq.m.) by 2020. This will include 700,000 sq.m. from 100 CityMalls, 300,000 sq.m. from Metro Manila office projects, and 100,000 sq.m. from 5,000 hotel rooms under the Hotel 101 and JinJiang Inn Philippines brands.

“The reason why we are so fixated in hitting our 1.2 million sq.m. leasable target by 2020 is because the math is simple. With 1.2 million sq.m. of leasable space, yielding say an average of P750 per square meter per month by that time, this should give the Company total annual recurring revenues of P10.8 billion,” DoubleDragon Chairman Edgar “Injap” J. Sia II was quoted as saying in the same statement.

“This rental income practically translates to about 90% EBITDA margin because in addition to rent, developers collect maintenance fees from tenants which covers operating expenses of each property,” he added.


source: http://www.bworldonline.com/doubledragon...d-quarter/
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8-20

...hanep

DoubleDragon to expand hotel business overseas  

DOUBLEDRAGON Properties Corp. is set to expand its hotel business globally in line with efforts to grow its recurring business.

The company is now securing land banks in Vietnam, Bali in Indonesia, and Phuket in Thailand where its Hotel 101 brand will be located, said DoubleDragon chairman and chief executive officer Edgar Sia 2nd at the sidelines of the firm’s annual stockholders’meeting recently.

“We are considering to bring it outside the country and hopefully we make it to be the first hotel chain … Southeast Asia, mostly tourist destinations,” Sia said.

“We are still in the early stage but we have internally decided that it’s about time and there’s an opportunity for that,” he added.


The move is in line with goals to boost recurring income portfolio over the next few years, Sia said.

At present, DoubleDragon’s business is comprised of 60-percent recurring and 40-percent residential.

It targets to have 90-percent of its net income from recurring portfolio in the next two years.


 
“I think that’s a big opportunity we can tap and I think we can be a major player in that space. Hopefully in the next few months we’ll be able to secure a site. That’s the first thing that we plan,” Sia said.

“We always bring in the brands of other countries to our country but we never bring our own outside and I can’t find any reason why,” he added.

To start, the new Hotel 101 branches shall be built with a minimum of 500 rooms. The company will not also need to raise much funds for the offshore project as the latter will be a condotel type, or a hybrid of a condominium and a hotel, being operated commercially albeit units being individually owned.

“Just like in the Philippines, we may or may not be working with foreign groups. But we are open to partners to bring in our brand,” Sia said.

Likewise, DoubleDragon made foray into the industrial facility construction, two of which were already launched.

Sia said DoubleDragon aims to secure the next land banks in Cebu and Davao where the third and fourth facilities will be located.

“We’re trying to secure the remaining six that we need hopefully in the next couple of months. We are now finalizing in Davao and Cebu,” he said.

The first is a 32,000-square meter facility in Tarlac followed by a 3.9-hectare hub in Iloilo.


source: https://www.manilatimes.net/doubledragon...as/432421/
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10-4

...hanep 'di daw sila affected ng inflation Tongue

DoubleDragon ‘unaffected’ by rising interest rates

DOUBLEDRAGON Properties Corp. on Wednesday said it is “generally unaffected” by rising interest rates and weakening peso, as the company’s borrowings are all peso-denominated and have fixed rates.

“Despite the rising interest rate environment, DoubleDragon remains generally unaffected as we were prudent early on in making sure all our corporate notes and retail bonds have fixed interest rates for 7-10 years. The company also has no US dollar exposure with all fund raises being peso denominated,” DoubleDragon Chief Investment Officer Hannah Yulo said in a statement.

The Bangko Sentral ng Pilipinas (BSP) has raised policy rates by 150 basis points over the last four months. This brought the overnight deposit rate to four percent, overnight repurchase rate to 4.5%, and the overnight lending rate to five percent.

Ms. Yulo noted that DoubleDragon has no key maturities for corporate notes until 2021. By that time, the company expects cash flows from its recurring portfolio to be able to cover the principal due.

The listed property developer has continuously been ramping up its portfolio of office spaces, hotel rooms, and industrial facilities that can generate recurring income.

In line with this expansion, DoubleDragon on Wednesday broke ground for the DD Meridian Tower, the ninth building in its flagship project DD Meridian Park in Pasay City.

Once completed by 2020, DD Meridian Park will have eight office towers and one luxury serviced apartment building to be operated by international serviced residences operator The Ascott.

At the same time, the company topped off its sixth office tower called DoubleDragon Center West. The tower will be completed alongside DoubleDragon Center East by the end of the year, adding 35,752 sq.m. of leasable space to the company’s existing 138,503 sq.m. in DD Meridian Park.

Last May, the company opened the first four office towers, which are now fully leased out. DoubleDragon expects more than 20,000 employees to occupy the offices by the end of the year.

DD Meridian Park forms part of DoubleDragon’s goal to have 300,000 sq.m. of leasable office spaces under its portfolio by 2020. The company is also building the Jollibee Tower in Ortigas Center to hit this target.

DoubleDragon is set to have 1.2 million sq.m. in overall leasable spaces during this period, with the completion of 100 CityMalls, 5,000 hotel rooms carrying the Hotel101 and JinJiang Inn Philippines brands, and eight industrial hubs in different sites in Luzon, Visayas, and Mindanao.

“As we complete more projects nationwide, our rental revenues will continue to grow exponentially quarter on quarter. DoubleDragon is now starting to harvest from the seeds that it has been planting around the country in the last four years,” DoubleDragon Chairman Edgar J. Sia II said in a statement.

DoubleDragon grew its net income by 234% to P1.26 billion in the first six months of 2018, as consolidated revenues also gained 123% to P3.63 billion.


source: https://www.bworldonline.com/doubledrago...est-rates/
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10-5

Double Dragon set to complete 2 buildings by the end of ‘18


DoubleDragon Properties Corp. is scheduled to complete two office buildings within its 4.75-hectare mixed-use development DD Meridian Park at the Bay Area in Pasay City toward the end of 2018 

DoubleDragon said in a disclosure to the stock exchange the two towers―DoubleDragon Center West and DoubleDragon Center East―will add another 35,752 square meters of leasable office space to the 138,503 sqm already completed in DD Meridian Park.

“As we complete more projects nationwide, our rental revenues will continue to grow exponentially quarter on quarter. DoubleDragon is now starting to harvest from the seeds that it has been planting around the country in the last four years”, said DoubleDragon chairman Edgar Sia II.

DoubleDragon also broke ground on DD Meridian Tower located also within the DD Meridian Park. 

DD Meridian Tower, which will be the company’s ninth building, will house eight office towers and one luxury serviced apartment building. The planned mixed-use tower is slated for completion in 2020.

The first phase of DD Meridian Park, involving four office towers, is already 100-percent leased to date and is expected to house over 20,000 employees of tenants by the end of the year. 

Once fully developed, DD Meridian Park is expected to house over 50,000 employees by 2020.

The company plans to complete a leasable portfolio of 1.2 million sqm by 2020 comprising of 700,000 square meters from 100 CityMalls, 300,000 sqm from its Metro Manila office projects,100,000 sqm from the planned 5,000 hotel rooms and another 100,000 sqm of industrial space from several CentralHub sites across Luzon, Visayas and Mindanao.

Meanwhile, DoubleDragon chief investment officer Hannah Yulo said the company remained generally unaffected by the current rising interest environment in the country as all its corporate notes and retail bonds had fixed interest rates for seven to 10 years. 

“The company also has no US dollar exposure with all fund raises being peso denominated. More importantly, we have no key maturities on our corporate notes until 2021. By then annual cashflows from our portfolio of 1.2 million square meters of leasable space should be more than sufficient to cover the principal due,” Yulo said.




source: http://manilastandard.net/business/corpo...of-18.html
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10-17

DoubleDragon partners with Equicom for clinics at CityMalls

DOUBLEDRAGON Properties Corp. said it has partnered with the operator of MyHealth Clinics to open medical clinics in its community malls.

In a statement issued Tuesday, the listed property developer said its subsidiary CityMall Commercial Centers, Inc. (CMCCI) signed a strategic partnership with Equicom Group for the rollout of the latter’s multi-specialty medical clinics in CityMalls nationwide.

DoubleDragon said the first batch of clinics will be built in 12 CityMalls in the next 12 months, with four each in Luzon, Visayas, and Mindanao.

“These strong alliances further solidifies the relevance of CityMalls in the communities we serve,” DoubleDragon Chairman Edgar J. Sia II said in a statement.

“With the addition of state-of-the-art medical and dental clinics in CityMalls, we will now have the best modern retail brands, the strongest fastfood brands, the leading entertainment cinemas and the foremost medical clinic provider all in one roof,” he added.

MyHealth Clinic is under the Equicom Group and an affiliate of Maxicare Healthcare Corp., touted as the largest health maintenance organization in the country. It operates a network of full-service ambulatory clinics offering outpatient health care products and services.

The Equicom Group is led by businessman and banker Antonio L. Go, who was previously the chairman of Equitable PCI Bank. The bank was considered the third largest in the country in terms of assets until it was acquired by Sy-led BDO Unibank, Inc. in 2007.

CMCCI, the umbrella company for all CityMall projects, is 66% owned by DoubleDragon and 34% owned by SM Investments Corp.

The company is targeting to have 50 CityMalls by end of the year. This month, community malls opened in Iponan in Cagayan de Oro City and Sorsogon City in Bicol. It is set to open in Calapan City, Mindoro; and San Carlos City, Pangasinan next week, and in November, branches in Isulan, SOCCSKARGEN; Roxas Avenue, Capiz; Bulua, Cagayan de Oro City; and Cadiz City, Negros.

DoubleDragon aims to have 100 CityMalls covering 700,000 square meters (sq.m.) by 2020. The malls are mostly located in Tier 2 and 3 cities in the provinces, as the company seeks to position itself as the number one mall operator in those areas.

DoubleDragon’s net income surged 234% to P1.26 billion in the first six months of 2018, on the back of a 123% jump in consolidated revenues to P3.63 billion. Recurring revenues amounted to P1.41 billion during the period, 199% higher year-on-year.


source: https://www.bworldonline.com/doubledrago...citymalls/
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It is really great experience to see the new partnerships building up on the stock markets of the under developed countries. Stock market is the key from the economical point of the view. Phillipines is showing a huge prospect in this regard. Best of luck for the future!
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