Shang Properties, Inc.
#1
Business Profile:

Shang Properties, Inc. (SHNG) was first incorporated on October 21, 1987 under the name Shangri-La Properties, Inc., and changed its name to Edsa Properties Holdings, Inc. (EPHI) in January 2000. On July 25, 2007, the Securities and Exchange Commission (SEC) approved the merger between EPHI and Kuok Philippine Properties, Inc. (KPP), with EPHI as the surviving corporation. Consequently, the SEC approved the change in name of the Company to its present one.

SHNG is a property development, real estate management and investment holding company. Its significant and active subsidiaries are composed of Shangri-La Plaza Corporation, SPI Parking Services, Inc., Shang Properties Realty Corporation, EPHI Logistics Holdings, Inc., Shang Global City Holdings, Inc., Shang Fort Bonifacio Holdings, Inc., Shang Property Management Services Corporation, and KSA Realty Corporation.

Source: SEC Form 17-A (2009)


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#2
Shang Properties to spend P4B on condo project

SHANG PROPERTIES, Inc., the listed real estate development arm of Malaysia’s Kuok Group, will spend P4 billion for a new residential high-rise project in Makati City, an executive said on Wednesday.
"We have purchased a property in Salcedo Village, which used to be the former Asian Plaza building," Vicente P. Formoso, chief finance officer and treasurer of Shang Properties, told reporters after the company's stockholders' meeting in Mandaluyong City.

The site will be allotted for a 65-storey residential development that will have studio, one-bedroom and two-bedroom units, Mr. Formoso said.

In April, Shang Properties acquired real estate properties of listed Phinma Corp. for P615 million.

"The total investment would be about P4-4.5 billion for this particular project," Mr. Formoso said.

"We are now in the process of demolishing the building and will soon begin excavation by October," he added.

Shang Properties will complete the construction of the 65-storey residential tower in 2014 or 2015. There will also be three levels of basement parking and five levels of podium parking in the project that will be be opened to pre-selling starting early next year.

In the first quarter, earnings attributable to equity holders of Shang Properties grew by 9.6% to P200.2 million in the first quarter from P182.7 million last year.

Its revenues are derived from rentals and condominium sales in One Shangri-La Place and St. Francis Towers while rental income comes from tenants at the Shangri-la Plaza mall and occupants at the Edsa Shangri-la Hotel.

Shares in Shang Properties, a property development, real estate management and investment holding company which was incorporated in 1987 as Shangri-La Properties, Inc., were last traded on June 17 at P1.82 apiece. -- Neil Jerome C. Morales

http://www.bworld.com.ph/content.php?sec...t&id=33523
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#3
Shang Properties increases stake in mall operator

Shang Properties Inc. has increased its stake in the operator of the Shangri-La Plaza Shopping Complex in Mandaluyong City.

In a disclosure to the Philippine Stock Exchange, the real estate arm of the Kuok Group of Malaysia said it has agreed to acquire the 21.28 percent of L’Hirondelle Holdings Inc. in Shangri-La Plaza Corp.

Upon completion of the transaction, Shangri-La Plaza will become a wholly owned subsidiary of the issuer. Prior to the transaction, Alliance Select owned 78.72 percent of Shangri-La Plaza.

Incorporated in 1993, Shangri-La Plaza is in the business of investing, purchasing, owning, holding, leasing and operating the Shangri-La Plaza mall. Its primary business is leasing.

The Shangri-La mall houses two department stores, Rustan’s and Crossings, theater, cinema, restaurants, fast-food outlets, boutiques and specialty stores.

Its tenants include leading international and local retailers that cater to the upscale market such as Marks & Spencer, Escada, Hugo Boss, Rustan’s, Zara, Debenham’s, Armani, among others.

Shang Properties would spend P4 billion to P4.5 billion for a new high-rise residential project located on the former Asian Plaza Building in Makati City.

The company is also gearing up for the sale of the second tower of One Shangri-La Place in the Ortigas business district later this year.

Shang Properties expects profits to be flat this year. In 2010, the property developer’s net income dropped by 15 percent to P1 billion because fewer units at St. Francis Shangri-La Place were placed on sale.

Its shares rose to P1.89 on Tuesday from P1.86 each on Monday.

http://www.manilatimes.net/business/shan...-operator/
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#4
Posted on September 02, 2011 06:18:43 PM
Shang Properties to build 2 condos atop Ortigas mall


SHANG PROPERTIES, Inc. plans to spend over P12 billion to expand its mall in Ortigas Center and build two condominium towers atop it, the developer said on Friday.

http://www.bworldonline.com/content.php?...l&id=37649
the key to trading success is to focus on how much money is at risk, not how much money you can make.

trading is simple, but it's not easy. if you want to stay in the business, leave hope at the door, focus on specific setups, and stick to your stops.
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#5
Shang Properties posts 24% profit hike in 9 months
By Zinnia B. Dela Peña (The Philippine Star) Updated December 01, 2011 12:00 AM

MANILA, Philippines - Shang Properties, the local real estate development arm of the Malaysia-based Kuok Group, posted a net income of P827.14 million in the nine months ending September this year, up 24 percent from P667.07 million a year earlier.

http://www.philstar.com/Article.aspx?pub...eId=753704
the key to trading success is to focus on how much money is at risk, not how much money you can make.

trading is simple, but it's not easy. if you want to stay in the business, leave hope at the door, focus on specific setups, and stick to your stops.
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#6
Shang Properties Builds Three Massive Projects

http://www2.pse.com.ph/html/disclosure/p...5_SHNG.pdf
And a man, a man provides. And he does it even when he's not appreciated, or respected, or even loved. He simply bears up and he does it. Because he's a man.

- Gus Fring
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#7
^^Mukhang another one of your dark horses Boss RM ah, or should I say a dark unicorn? (type ko rin to) Big Grin
~In all your ways, acknowledge God.

Initializing Bazura Mode...
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#8
Boss Luc, kay CoolDad ko unang narinig ito sa chat room. Ngayon ko lang talaga sinilip ng todo other than the chart. Smile

Book value: php 3.91

Total assets: 33 billion

Total liabilities: 12.5 billion

Equity is bigger than current market capitalization. Equity is worth 21 billion to the current 9 billion market capitalization.

Angles of speculation:

1. The Earth does not produce land anymore. Who's to say big groups like SM or Ayala wont take a look at SHNG's property assets in the future to build a stronger foothold in this strategic urban center.

2. Book value play, nothing radical here.
And a man, a man provides. And he does it even when he's not appreciated, or respected, or even loved. He simply bears up and he does it. Because he's a man.

- Gus Fring
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#9
^ thanks RM....

Cooldad, nakasakay ka na ba dito?

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#10
^^ahh, mukhang Cool Unicorn pala ito.. hihi..
Sumakay rin ako dito non, kaso ilang days/weeks walang movement nagcut rin agad ako.
I'll put this in the watchlist, previous resistance na 2.00 ngayon support na so I think it's safe to accumulate at this level.. hehe. Big Grin

May Cash Div rin ito diba??? By Feb end??
~In all your ways, acknowledge God.

Initializing Bazura Mode...
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