Panasonic Manufacturing Philippines Corporation
#31
Panasonic is a low margin business but last I checked PSE edge, they've been fairly profitable over the last 3 years. Nothing exciting happening here but they are making money. I think this could be a value play.
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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#32
Panasonic aims to be sole producer in Tesla's U.S. mega-factory
BY REIJI MURAI
OSAKA Fri May 23, 2014 9:23am EDT

(Reuters) - Panasonic Corp said it expected to become the sole manufacturer in Tesla Motors Inc's planned multibillion-dollar U.S. battery factory, firming up its commitment to the electric car maker's project.

The Japanese electronics conglomerate had until this week made only cautious comments about Tesla's plans, for which the carmaker is seeking total investment of around $3 billion in addition to the $2 billion it has pledged to contribute directly.

Panasonic does not have a timeframe for a decision on its investment but any expenditure this year would be small, Yoshio Ito, senior managing executive officer and president of the Japanese firm's automotive and industrial division said on Friday.

"As we're not anticipating any sudden tenfold increases in demand or anything like that, we think it is right to break it up step-by-step and invest gradually," Ito told reporters at a briefing in Osaka.

Demand from the U.S. premium eco-car maker for lithium-ion batteries has been a boon for Panasonic as the Japanese firm seeks to expand its sales of industrial goods to other businesses and reduce its reliance on volatile consumer markets.

Ito said the two companies were discussing details of their investment in the new factory and would talk about construction plans.

He said Panasonic, which is already Tesla's prime supplier for lithium-ion cells but competes with Samsung SDI Co Ltd for auto batteries, did not expect any rival battery makers to put in a competing bid.

However, he said there was a possibility Panasonic would not contribute the majority of the remaining investment even if it became the sole manufacturer at the factory.

Tesla Chief Executive Elon Musk told analysts early this month he had expected Panasonic to become the main partner in the project from the outset and expected the two companies to reach an agreement late this year.

He said Tesla was talking to other potential investors and that other companies such as suppliers of raw materials would be involved in the project, which is planned to start production in 2017. Musk said Tesla would break ground on one of two planned locations in June.

Panasonic signed a contract last October with Tesla to increase its supply to nearly 2 billion battery cells in the four years to 2017, a leap from the roughly 200 million cells it was estimated to have supplied to the U.S. company in the previous two years.

Ito also said that Panasonic would spend more than 28 billion yen ($275 million) on auto batteries this year, twice its current budget, with the bulk going towards bumping up domestic production of the small lithium-ion batteries Panasonic supplies to Tesla.

Some of the extra spending would be directed to supplying large batteries used by other electric vehicle makers, Ito said. A source with knowledge of the matter said the remainder would be used towards a new zinc battery production facility in India.

Panasonic is aiming to be the No. 1 producer of auto batteries by the year ending March 2019, by when it hopes to be making annual revenue of 450 billion yen ($4.43 billion), up from the 130 billion yen it made in the last business year.

(Writing by Sophie Knight; Editing by Erica Billingham)

Source: http://www.reuters.com/article/2014/05/2...DS20140523
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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#33
Resistance at 4 pesos has been broken. I hope that becomes the new support.

PD: Holding PMPC, warehousing mode since the play started.
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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#34
phasssssssttttttttttttttttt ingat angkol RM, may mga snipers sa bandang 4.30 - 4.40. buti kung malampasan ito .... twisted twisted

ay ambot lang .... Big Grin Tongue Big Grin
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#35
(07-21-2014, 04:02 PM)waterfront Wrote: phasssssssttttttttttttttttt ingat angkol RM, may mga snipers sa bandang 4.30 - 4.40. buti kung malampasan ito .... twisted twisted

ay ambot lang .... Big Grin Tongue Big Grin

We'll see senor. As of now, my immediate concern is if 4 php will hold. I've already shared my reasons for buying PMPC. Let's see how the market will act.
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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#36
Congrats sir RM! Cool
Ninja mode lang!ninja
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#37
(07-22-2014, 10:09 AM)effendi Wrote: Congrats sir RM! Cool
Ninja mode lang!ninja

I'm selling na dito in tranches ah. Caveat.
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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#38
...hwanep! Tongue
2019 SMP Charity/Tsinelas & School Supplies Donation Drive link http://stockmarketpilipinas.com/thread-5...#pid345588

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#39
phasssstttttttttttttt ... mag close ka mamaya malapit sa 4.20 hah. huwag kang mag disobey ...... twisted twisted twisted

ay ambot lang .... Big Grin Tongue Big Grin
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#40
Caveat: PMPC has nothing to do with the Panasonic Corp. deal with Tesla Motors unless otherwise stated by the local subsidiary.

Panasonic Agrees to Help Musk Build Tesla’s ‘Gigafactory’

By Alan Ohnsman, Craig Trudell and Grace Huang Jul 31, 2014 6:13 PM GMT+0800

Panasonic Corp. agreed to help set up the battery factory that Tesla Motors Inc. Chairman Elon Musk needs to sell more electric cars, without settling its share of the investment costs.

Panasonic will build cylindrical lithium-ion cells and provide equipment, machinery and other tools for Musk’s “Gigafactory,” the Osaka, Japan-based company said today in a joint statement with Tesla. The companies said they were still discussing the details, including Panasonic’s financial contribution to the facility, which Tesla has estimated could cost as much as $5 billion by 2020.

“We will reach a plan that is profitable,” Panasonic Chief Financial Officer Hideaki Kawai said at a news conference in Tokyo. “We will do step-by-step investment to meet the gradually growing needs.”

Tesla has courted Panasonic to invest in the factory Musk is counting on to produce cheaper batteries and help transform the company from a seller of $71,000 Model S sedans into a mass-market carmaker capable of producing 500,000 vehicles a year. Panasonic, which owns 1.1 percent of Tesla, signed a preliminary agreement to participate in the project in May after voicing hesitancy about the level of investment risk.

Separately, Panasonic reported profit of 37.9 billion yen ($368 million) for the three months ended June, missing analysts’ estimates. Its shares rose 0.6 percent to 1,257.50 yen in Tokyo today. Tesla gained 1.7 percent to $228.92 yesterday in New York and has surged 52 percent this year.

‘Significant Risk’

Panasonic is cementing its participation in the project after Tesla raised about $2.3 billion in March to help fund it. Musk faces skeptics in his effort to build a factory with enough scale to cut battery costs by about 30 percent. Standard & Poor’s slapped Tesla with a junk credit rating in May and cited “significant risk” in its Gigafactory plans.

“If Tesla’s EVs do not sell in line with Tesla’s expectations, Panasonic may not be able to recoup its investment,” Masahiro Wakasugi, a Tokyo-based analyst at BNP Paribas, wrote in a July 10 report. “The negative impact, if the plan is not a success, would be considerable.”

Cheaper batteries will be crucial for Tesla to introduce more affordable models beginning with the Model 3 sedan due by 2017. Tesla plans to sell the car at a base price of about half the U.S. cost of its flagship Model S.

Power Storage

Musk, who also runs rocket maker Space Exploration Technologies Corp. and SolarCity Corp., plans to build stationary batteries to store power at homes and buildings with solar panels from the plant.

“Not only does the Gigafactory enable capacity needed for the Model 3 but it sets the path for a dramatic reduction in the cost of energy storage across a broad range of applications,” JB Straubel, Tesla co-founder and chief technical officer, said in the statement.

Tesla is studying potential sites for the Gigafactory in Arizona, California, Nevada, New Mexico and Texas and may initially select three for preparation work. The company will choose which site to build to completion late this year, Musk said during an annual shareholder meeting in June.

Simon Sproule, a Tesla spokesman, declined to discuss whether the carmaker will name the initial factory sites today when it releases second quarter results.

To contact the reporters on this story: Alan Ohnsman in Los Angeles at aohnsman@bloomberg.net; Craig Trudell in Tokyo at ctrudell1@bloomberg.net; Grace Huang in Tokyo at xhuang66@bloomberg.net

To contact the editors responsible for this story: Jamie Butters at jbutters@bloomberg.net; Young-Sam Cho at ycho2@bloomberg.net Brendan Scott, Suresh Seshadri

Source: http://www.bloomberg.com/news/2014-07-31...tory-.html
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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