SBS Philippines Corp
#31
(08-06-2015, 09:44 AM)OneBro Wrote: anu na po balita dito? plan ko sana bumili sa opening. thanks

Ceiling daw sa opening ayon kay boss gavh. Big Grin
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#32
wow talga ehehe cge2 monitor lang muna natin mahirap kumuha sa ceiling e ehhee
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#33
raffle ba ang LSI nito?
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#34
Yey! Ceiling! See you tomorrow!
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#35
Nagbid ako kanina, d ako nabigyan.hahaha. pang 398 ako sa pila. Big Grin
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#36
congrats sa mga meron nito..... mukhang gusto talagang bumawi ni bdocap
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#37
TO ALL NEWBIES:

The price action today is the usual hoarding to push the price up. It is similar to tactic used in CROWN - Heightening emotions to feed on people's GREED.

TO ALL HOLDERS:
Just watch the underwriters' moves and take your cue from there.

A friendly reminder from The Responsible Trader. Good luck on all your trades.
RESPONSIBLE TRADING, my Advocacy, means Practicing Self Discipline, Continuously Educating Yourself, Protecting your Capital at all Times and Taking Full Responsibility for your Trading Results.

MY TRADING PHILOSOPHY:
TRADING without FEAR, TRADING without GREED. GREED causes exposure to DANGER. FEAR causes missed OPPORTUNITIES.

MY TRADING RULES:
1. PROTECT YOUR CAPITAL at ALL TIMES. 2. TRADE to TRADE WELL not only for MONEY.
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#38
SBS sizzles on stock debut

SHARES of chemical trading and distribution firm SBS Philippines Corp. sizzled on Monday’s stock trading debut on the back of some “undervalued” property asset play.
Shares of SBS – a one-stop-shop resource for chemical requirements – surged by 49.8 percent at the Philippine Stock Exchange to close at P4.12 per share from the initial public offering price (IPO) of P2.75 per share. The sharp increase was attributed by stock traders to “asset play.”
In a press briefing after his company’s listing ceremony on the local stock exchange, SBS chair and president Necisto Sytengco said the initial public offering price of P2.75 per share had valued the company at around 20 times its 2014 earnings.
“But it’s very much undervalued,” Sytengco said, noting that the IPO price had not factored in the prime property owned by the company along Ayala Avenue in Makati, in Fort Bonifacio, in Las Pinas and along EDSA highway. “At present value, that’s easily within the range of P8 to P10 billion,” Sytengco said.
Adding to the property assets were the inventory and receivables but Sytengco noted that the company’s “goodwill” was never factored in the pricing. In corporate lingo, “goodwill” is an asset that considers intangible factors like brand name, customer base, customer relations employee relations and any patents or proprietary technology.
“The company should be traded between P10 to P15 to make a break-even cost,” Sytengco added.
The company raised P1.15 billion in fresh funds for expansion from this public offering.
As of Monday’s closing, SBS was valued by the market at P3.3 billion or only about a third of the estimated current value of property assets that the company chair said were not factored in the IPO pricing.
SBS intends to use proceeds from this offering to expand its product offering and invest in capital expenditures to promote operational efficiencies, retire a term loan and fund working capital.
In a press statement, SBS said it was anticipating to achieve a double-digit growth in revenues and earnings this 2015.
Sytengco said SBS would put up additional warehouses in Marilao, Bulacan as well as in Quezon City while it would buy a new warehouse in Muntinlupa.
The company plans to focus on industries such as food and nutrition, agribusiness, water treatment, mining and pharma as well as household and personal care – sectors seen to ride on the favorable Philippine demographics.
SBS is one of the major chemical trader-distributor in the Philippine supplying 1,800 customers with over 3,000 chemical products sourced from more than 500 suppliers. Its logistics infrastructure includes a network of 15 warehouses located at five different sites in Metro Manila and Bulacan, providing for a combined floor space of over 46,000 square meters and a storage capacity exceeding 18,000 metric tons.
“The strong demand from investors stands as testament to the company’s track record built over 45 years of providing a full line of chemical and ingredient products. This also speaks of the level of confidence that investors have on the company to remain profitable in the coming years,”PSE chair Jose Pardo said in his welcome remarks during the listing ceremony.


Read more: http://business.inquirer.net/196786/sbs ... z3iPTdWbx7


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#39
“The company should be traded between P10 to P15 to make a break-even cost,” Sytengco added.

Sa may ari na mismo nanggaling etong price valuation.. Paano naman kaming walang shares.. ang bagal ko pa nmn magclick ng mouse.. uhuh huh..
GOD IS GOOD, ALL THE TIME!

To GOD be the glory!
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#40
Wow so ceiling uli ito tom at 3rd day..... Sayang at Swerte ng meron.
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