Roxas Holdings, Inc.
Its so sweet. Its Valentines Day! winking

Like to drive and use gasoline with Ethanol! winking
anong meron?bakit pinitik?
In a few weeks, this will be the biggest sugar producing company in the Philippines... banana
...reason for the rise last year?

Roxas group expanding hotel, resort portfolio

Roxas and Co. Inc. (RCI), which is involved in sugar and real estate businesses, is riding on the bright prospects of the Philippine tourism industry by expanding its hotel and resort management portfolio and diversifying into themed-restaurant business this year.

In a statement, RCI chair and chief executive officer Pedro Roxas said the group, through Fuego Hotels Management Inc., was expecting to have a bigger number of hotels and resorts under its management. He said the group was also in the process of finalizing the acquisition of the master franchise of a themed restaurant.

The concept for the restaurant is from Spain, he said. “The Spanish-themed restaurant concept will be launched in the Philippines in the next two to three months,” he said.

Overall, he said, Fuego Hotels was planning to “aggressively increase its portfolio of managed hotels and resort properties in 2014.”
In the meantime, RCI senior vice president Santiago Elizalde of Roxaco Land Corp., the property arm of RCI, reported that a venture with Singapore’s VH Select Investments (Phil) Pte Ltd was “progressing significantly.”

“The recently signed 50-50 partnership with Vanguard Hotels has been sealed. The partnership has already broken ground in Parañaque for the construction of the first, of a minimum of five, Go Hotel properties that Roxaco will open within the next three years,” Elizalde said.

The succeeding sites for the other Go Hotel properties have already been identified and are currently under negotiation, he said.
The first Go Hotel owned by RCI’s Roxaco and VH Select Investments is scheduled to open before the end of this year.
Roxas reported that Anya Resort & Residences in Tagaytay City was now moving to its second phase. The first phase, where open lots are offered, is now sold out.

He said “exciting developments are unveiling” at Roxaco, spurred by an increasing interest among buyers to secure suites, which formed part of the second phase of Anya.

“Anya is unique as it will be the first Filipino world-class resort brand to promote a healthy and well-balanced lifestyle that the entire family can enjoy. We want to make healthy living or a healthy lifestyle part of the Anya DNA,” Roxas said.

“Roxaco Land is currently selling the resort investment suites that will be generating real cash returns for their owners as the buyers will be entitled to their share of the resort revenues generated by their units,” Elizalde said.

RCI is positioning its businesses to capture larger market shares in their respective fields, adding that sugar and related interests, real estate development and property holdings all bode well for the rest of the year.

taken from
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^^...tama ba ito dito o sa RCI dapat? Big Grin
Pls don't follow me....I'm lost too! hehe
(02-28-2014, 01:23 PM)Ollie Wrote: ^^...tama ba ito dito o sa RCI dapat? Big Grin

Boss Ollie, mali. RCI dapat yan. ROX ito. Tongue
Are your present here MVP??? Sad
The targets are as follows:

1. Central Azucarera de Tarlac
2. Davao Sugar Central Company. Inc
3. Cotobato Sugar Central Company Inc
4. Binalbagan Isabela Sugar Company Inc
5. Victorias Milling Corp.

dancing mandancing mandancing man
Itaas ko lang ito ha.... Close almost all time high.... Mukhang walang gusto nito. Tongue

Value Quest... Wag mo naman ubusin ito. winking
...similar post for MPI VMC

Billionaire Salim Seeks Sweet Philippine Deals

Billionaire Anthoni Salim’s First Pacific Co. (142) is seeking to buy sugar companies in the Philippines to expand its footprint in Southeast Asia and tap opportunities from a free-trade agreement in the region.

Pressure for sugar companies to become more competitive -- and consolidate -- is growing ahead of a reduction in regional sugar tariffs next year, First Pacific Chief Executive Officer Manuel Pangilinan said in an interview in Manila, without identifying possible targets.

The margins of Philippine sugar refiners are being squeezed because of their productions costs, creating opportunities for companies that can bring greater efficiency, according to Aida Ignacio, deputy administrator of the Philippines Sugar Regulatory Administration. First Pacific owns stakes in the nation’s biggest producer of raw sugar, Roxas Holdings Inc. (ROX), and largest refiner, Victorias Milling Co. (VMC)

“We are small compared with our regional competitors, and you have to consolidate if you want to be competitive,” Pangilinan said. “We are open to acquiring other millers and refiners. It is an investment that we’d like to grow.”

As part of a free-trade agreement among members of the Association of Southeast Asian Nations, the tariff on sugar imported among member states will be halved to 5 percent next year. It was 48 percent in 2010. Philippine refiners will face intensified competition from those in Thailand, the world’s largest sugar exporter after Brazil.

Production Costs

The cost of producing sugar in the Philippines is about 1,000 pesos ($23) per 50 kilogram bag, according to Ignacio. The average price of white sugar this year on NYSE Liffe in London has been $456.30, according to data compiled by Bloomberg. That equates to $22.80 per 50 kilos.

The Philippines has 28 mills and 11 refiners, according to Ignacio. Mills make both raw and unrefined sugar, while refineries make only white sugar.

“The industry expects some mills and refiners may consider consolidation because they can’t afford the investments” to modernize, Ignacio said. “Upgrades will bring down production costs and increase the recovery rate of sugar, which is lower than in other countries,” she said.

About 90 percent of sugarcane output in the country comes from farmers with a planted area of less than 5 hectares, Ignacio said.

“There are inefficiencies in the system that you try to fix and in the process make a profit,” Pangilinan said. “That’s the whole point in business.”

First Pacific, based in Hong Kong, has been building its assets in the industry in the Philippines.

Roxas, Victorias Milling

The company controls 34 percent of Roxas Holdings, and this year it acquired 7.5 percent of Victorias Milling. Shares of Roxas Holdings have gained 44 percent this year, while Victorias Milling has more than doubled in the period.

First Pacific had $2.48 billion in cash and short-term investments as of Dec. 31, according to data compiled by Bloomberg. Salim, who is also chairman of Salim Group which holds a 45 percent stake in First Pacific, has a net worth of $5.5 billion, according to Bloomberg Billionaires Index.

The positions in sugar companies are in addition to holdings across other industries in the nation, where it started investing in the 1980s. First Pacific owns stakes in Philippine Long Distance Telephone Co. (TEL), Philex Mining Corp. (PX) and Metro Pacific Investments Corp. (MPI)


“The Philippine sugar industry will probably give a better yield because our agriculture is known to be more inefficient than other countries in the region,” said James Lago, head of research at PCCI Securities Brokers Corp. “Pangilinan views inefficiency as an opportunity for growth just like what he has done in his other acquisitions in the Philippines. They squeeze a good amount of income growth by bringing down inefficiency.”

The company is looking to expand its foods business as consumer spending in the Southeast Asia is rising, Lago said. Philippine sugar can supply the group’s food units in Indonesia, he said.

Global sugar demand will reach a record 167.5 million tons in the year ending September, extending two decades of increases as consumption has surged 48 percent, U.S. Department of Agriculture data show.

First Pacific along with Singapore-based Wilmar International Ltd. said May 15 that they raised their takeover offer for Sydney-based Goodman Fielder Ltd., the maker of Meadow Fresh yogurt, Olive Grove margarine and Wonder White bread.

First Pacific owns 50 percent of PT Indofood Sukses Makmur, Indonesia’s biggest noodle maker and owns cane plantation in Indonesia.

“Hopefully, we could become a regional sugar producer with operations in Indonesia and the Philippines,” Pangilinan said.

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