Macroasia Corporation
(11-03-2017, 07:49 PM)AndrewSG Wrote: buti nakadagdag ulit nung dip sa 19 level.  Go for 30 Smile

ang galing naman ng demonyong ito hehe
Again, advanced accumulation has been going-on, it seems to be poised to break its 52-week high soon.

Trading stocks is never a sure thing. Please do your own homework before pressing the button.


MacroAsia net hits P1-B mark in 2017

MacroAsia Corp.’s income increased by 146 percent to P1.1 billion last year from P440 million in 2016 on the back on its aviation and catering businesses’ strong operations.

In a disclosure on Friday, the Tan-led firm said its consolidated revenues rose 26 percent to P2.9 billion. Earnings before interest, taxes, depreciation, and amortization, meanwhile, surged 110 percent to P1.3 billion from P642 million.

MacroAsia credited its strong financial results to the solid performance of Lufthansa Technik Philippines, MacroAsia Airport Services Corp. (Mascorp), and MacroAsia Catering Services (MACS).

Lufthansa’s net income rose 76 percent to $37.5 million, while revenues soared to $255 million.

MACS’ revenues grew 7 percent to P1.5 billion.

MACS was “the preferred airline caterer of foreign airlines at NAIA (Ninoy Aquino International Airport), as it services most major foreign airlines flying into” the airport, MacroAsia said.

Mascorp saw its profit climb 52 percent to P1 billion from P679 million, which the company attributed to the “increased number of airports being served.”

MacroAsia is optimistic it could sustain strong operations this year, “as the majority of the companies are generating cash and are able to fund their operating growth.”



MacroAsia to triple capex this year

Lucio Tan’s MacroAsia Corp. said capital spending would almost triple in 2018 to support its core aviation support businesses.

The company, led by CEO Joseph Chua, will see capital expenditures this year jump to P2.6 billion from P905 million last year, briefing materials from the company showed.

The spending will help support profit growth of at least 20 percent in 2018. MacroAsia recently disclosed that net income in 2017 jumped 146 percent to P1.1 billion.

The company also wants to expand its airline catering business and airport ground handling business, given the void left by the nonrenewal of the contracts with Miascor Aviation Services, the country’s biggest independent ground handling company.

Much of MacroAsia’s business comes from aircraft maintenance, repair and overhaul services via Lufthansa Technik Philippines, where the company owns a 49-percent stake.

LTP services the fleet of Philippine Airlines apart from global airlines such as the Airbus A380s of British Airways and Korean Air. The venture booked a net income of $37.5 million last year, up 76 percent.

Its catering business is also growing, having increased revenues by 7 percent to P1.5 billion last year.

The company also wants a bigger role for MacroAsia Airport Services Corp., its ground-handling unit that controls about 17 percent of the market at Manila’s Ninoy Aquino International Airport.

The wholly owned subsidiary is looking at new opportunities ever since President Duterte ordered the nonrenewal of Miascor’s contract following a luggage pilferage incident involving a few of the company’s employees.



IMI, MAC join MSCI Small Cap Index

IMI COO Gilles Bernard announces nearing completion of IMI’s facility in Serbia, its 20th factory across the globe

Ayala-led Integrated Microelectronics Inc. (IMI) and Lucio Tan group-led MacroAsia Corp. (MAC) will join the MSCI Global Small Cap Indices as of the close of trading on May 31.

On the other hand, Lopez Holdings will be stricken off the same index, based on an announcement from MSCI.

“The takeaway is that although there should be some initial exuberance for IMI and MAC today, caution should be taken in further days as this could turn into a sell on news scenario for others,” local stock brokerage Papa Securities said on Tuesday.



MacroAsia profit dips to P233 million in Q1

MacroAsia Corporation, the airline services unit of the Lucio Tan Group, reported a 22 percent drop in net income to P233 million in the first quarter of the year due to non-recurring expenses and higher costs.

In a disclosure to the Philippine Stock Exchange, the firm noted that, “the non-recurring provisions and the one-off startup costs absorbed in the first quarter are poised to open up a stronger performance ahead, as revenues are surely poised to grow due to the expanded client portfolio that has been prepared for servicing in the first quarter.”

MacroAsia’s first quarter revenues grew 15 percent, from P692 million in 2017 to P794 million in 2018, driven by a 44 percent growth in its ground-handling services and a 4 percent growth in its core inflight catering business.

For the first three months of 2018, ground-handling revenues rose to P289 million, compared to P201 million in 2017.

Inflight meal revenues, arising from mostly foreign airline clients rose to P384 million, compared to P368 million last year.

Its revenues from non-inflight accounts declined by 20 percent though, from P75 million in 2017 to P61 million in 2018 as it is currently constrained by production capacity issues.

The net results were impacted heavily though by a 22 percent rise in direct costs, from P480 million in 2017 to P587 million.

It said this is “largely attributable to the increase in staff numbers to cope with new clients and the temporary spiraling cost of raw materials, utilities and supplies that could be linked to the pervasive effect of the TRAIN that became effective early this year.”

Groundhandling personnel grew 44 percent from 2,051 in 2017 to 2,921 in 2018, as MacroAsia had to expand immediately to be ready to service at least seven new airline clients resulting from the closure of one groundhandling provider.

Only three of these new airline clients were serviced in the latter part of March. The rest of the airlines were serviced only in April and May.

MacroAsia is also getting ready to start its service in the new Terminal 2 in Mactan, Cebu, as it is one of only three ground-handlers that were granted concession licenses to operate in this terminal. MacroAsia’s preparations and investments for this expansion has commenced early this year.

Lufthansa Technik Philippines (LTP), the MRO-JV which is owned 49 percent by MAC, booked its first quarter 2018 core revenues relatively flat at P2.06 billion, compared to P2.07 billion in 2017.



...continuing profit slide si MAC Sad

MacroAsia profit down on nonrecurring charges

Lucio Tan’s MacroAsia Corp., which provides support services in the aviation sector, saw lower earnings in the first half of 2018 due to non-recurring charges.

The company said in a stock exchange filing that net income from January to June this year hit P551 million, down 18 percent from the same period in 2017.

It cited “accounting provisions” this year for insurance items and non-operating charges earlier booked by Lufthansa Technik Philippines (LTP), its aircraft maintenance venture with Germany’s Lufthansa Group. The total amount was $6.3 million (337 million), which weighed on LTP’s bottomline.

MacroAsia noted that its core earnings rose 6 percent to P572 million. Revenues during the first half were up 16 percent to P864 million.

Gains were led by groundhandling unit Mascorp, which saw a 39.5-percent increase in revenue to P642 million.



...BUY! Big Grin

MacroAsia gets go signal for Cebu special economic zone

THE government has given MacroAsia Corp. the go signal to convert its two parcels of land within the Mactan-Cebu International Airport (MCIA) into a special economic zone.

In a disclosure to the stock exchange on Tuesday, MacroAsia said the Philippine Economic Zone Authority (PEZA) has approved its application for the development of a special economic zone in Lapu-Lapu City, Cebu.

“The five-hectare property is to be known as the MacroAsia Cebu Special Ecozone as approved and designated by His Excellency, Rodrigo Roa Duterte, President of the Philippines,” the company said.

MacroAsia currently runs the only special economic zone at the Ninoy Aquino International Airport in Pasay City. Lufthansa Technik Philippines (LTP) operates from the special economic zone.

In its quarterly report filed last August, MacroAsia said LTP is set to begin construction of a new wide body hangar in the MacroAsia Special Ecozone this year. The hangar is expected to be completed and used by December 2019.

MacroAsia reported its net income fell 18% to P551 million in the first six months of 2018.

“The lower reported net income in 2018 is mainly due to one-off non-operational accounting provisions in 2018 pitted against one-off reversal of provisions for insurance items in 2017 as booked by LTP. Stripping away these non-operational line items, MacroAsia’s 1H18 results showcases the strong operational growth of the group,” the company said in a regulatory filing.

MacroAsia expects a “stronger” second half performance for its key business units, targeting a 20% “organic” growth this year.

“MacroAsia believes that it is still poised to grow its annual 2018 results substantially in the second half of 2018, as its ground handling company saw the servicing of 8 new airline accounts in the first half of this year, and is also starting its concessions in Terminal 2, Mactan Cebu as the terminal became operational this July,” it said.

LTP, which is 49% owned by MacroAsia, is also seen to grow after it took over line maintenance for PALExpress Airbus planes starting July. This brought the planes being maintained for the Philippine Airlines (PAL) group from 62 in the first half of 2018, to about 77 by yearend.



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