*on buyback* Alliance Global Group, Inc.
...late post Tongue Sept 19 pa 'to

AGI going for P5-billion share buy back

Alliance Global Group Inc. (AGI) is buying back P5 billion worth of its shares in a bid to enhance shareholder value.

“The board of Alliance Global has approved a share buyback of up to P5 billion over a 24-month period,” Kingson Sian said during the company's annual stockholders' meeting in Quezon City on Tuesday.

The share buy-back program will start on Wednesday, September 20, and last until September 20, 2019. It will be executed in the open market via the trading facilities of the Philippine Stock Exchange.

The actual number of shares would depend on the total buy-back price, AGI said in a separate filing on the PSE.

The repurchase program will use the company's available cash, and the reacquired shares will be booked as treasury shares.

“We are undertaking this corporate action because we believe that our shares are grossly undervalued," Sian said.

AGI shares closed at P15.04 per share on Tuesday, up 1.90 percent from P14.76 on Monday, bringing its total market capitalization to P151,582,660,970.04.

"Our group has been consistently profitable, with attractive growth prospects, and enjoys strong brand equity and therefore views this exercise as a means to enhance shareholder value over time," Sian said.

In 2016, AGI posted a core net income of P22.8 billion and revenue of P139.6 billion. The company's consolidated earnings before interests, taxes, depreciation, and amortization stood at P38.8 billion, up 9 percent year-on-year.

“AGI continues to build on its strength with a business model that is time-tested and stress-tested,” Sian said.

source: http://www.gmanetwork.com/news/money/com...ack/story/
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...status ng buyback program: meron pang P4.2B na pera pambili Tongue

budgeted Php5,000,000,000.00

shares bought so far 8,043,100

amount Php130,992,890.00
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Newly-created company to submit unsolicited proposal to build Fort-Makati monorail project

Newly-created company to submit unsolicited proposal to build Fort-Makati monorail project MANILA, Philippines, October 11, 2017 – Alliance Global Group, Inc. (AGI), the holding firm of tycoon Andrew L. Tan, is diversifying into infrastructure as the current administration enters into what it calls as the ‘Golden Age of Infrastructure’ in the country.

The 24-year old conglomerate has created INFRACORP Development, Inc., a new company that will handle infrastructure projects, particularly to participate in the government’s Private-Public Partnership (PPP) projects.

INFRACORP has submitted this week an unsolicited proposal to the government to build a 2-km monorail project called Skytrain that will link Fort Bonifacio to the MRT Guadalupe Station, which hopes to benefit around 60,000 to 100,000 passengers daily.

The project, which will utilize the automated cable-propelled monorail technology, will reduce travel time from Fort to MRT Guadalupe to only five minutes. Under the proposal, a station will be built in Guadalupe, Makati near the MRT station and another in Uptown Bonifacio, a township development of AGI’s real estate arm Megaworld, at no cost to the government.

“Given the country’s strong and stable economy, we see a huge opportunity to invest in infrastructure. We are excited to participate and optimistic about the government’s aggressive push for infrastructure developments,” says Kevin L. Tan, executive director of AGI and also appointed president of INFRACORP.

Once approved, the Skytrain monorail project will take three years to construct and it could be interconnected with the subway system project passing through Fort Bonifacio that the government is set to build.

“Funding of the project will be internally-generated as part of AGI’s existing CAPEX program. We cannot disclose the exact amount of the investment yet until the government gives us the go signal to proceed. We will follow the rightful process of this exercise,” explains Tan.

INFRACORP is also looking into other potential infrastructure projects, particularly on transport solutions, in several business districts around Metro Manila and in key growth areas around the country

source: http://edge.pse.com.ph/openDiscViewer.do...ORLk3.dpbs
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Nice move today! Smile
"Winners are not afraid of losing. But losers are. Failure is part of the process of success. People who avoid failure also avoid success." Robert Kiyosaki
...nice project Tongue

AGI sees approval for Skytrain by yearend

ALLIANCE GLOBAL Group. Inc. (AGI)’s newly incorporated infrastructure unit is optimistic it can secure the transport department’s approval for its two-kilometer monorail project in Taguig before the end of 2017, in order to start construction by mid-2018.

InfraCorp Development, Inc. submitted an unsolicited proposal last October to build a monorail called Skytrain that will connect Guadalupe Station of Metro Rail Transit Line-3 (MRT-3) to Fort Bonifacio.

“That’s currently undergoing review and we hope to be able to get the approval hopefully for the DoTr (Department of Transportation) by the end of the year. If that happens we can start the project by mid-next year, and finish it in about two, two and a half years,” InfraCorp President Kevin Andrew L. Tan told BusinessWorld on the sidelines of the Association of Southeast Asian Nations Business and Investment Summit last week.

Under InfraCorp’s proposal, the Skytrain will have a capacity of 60,000 to 100,000 passengers every day, cutting travel time from MRT Guadalupe to Fort Bonifacio to only five minutes. To-date, buses are the only mode of public transport within the central business district.

The monorail could potentially increase foot traffic to Uptown Bonifacio, the P65-billion estate of AGI’s property unit, Megaworld Corp.

Mr. Tan explained the company will continue to be on the lookout for more infrastructure projects, especially with the government’s focus on its “Build, Build, Build” program.

“That I think is the first of many projects. We are currently studying other infrastructure projects also, especially those that would be beneficial to our other businesses, mainly in our real estate and tourism business,” said Mr. Tan, who also sits as AGI’s executive director.

In particular, Mr. Tan cited railways and airports as potential projects.

“We’re studying all options right now. Because there are many proposals out there, there’s a huge demand for new facilities, so we’re doing both, all aspects of the airport business for the country. Our aim is to create connectivity and convenience for the riding public,” he said.

Mr. Tan noted the unit’s expansion will be done one step at a time, to ensure the business will grow to be a major contributor to earnings in the future.

“We’re not going very aggressive right away, of course it’s a new unit but eventually it will be a very important unit in terms of its function, as well as its contribution to our bottom line,” Mr. Tan explained.

AGI, led by tycoon Andrew L. Tan, also has core investments in liquor, gaming, and quick service restaurants.

The company booked an 8% decline in net income attributable to the parent in the first nine months of 2017 to P10.2 billion, as its liquor and tourism units pulled down gains from the property and restaurant businesses.

source: http://bworldonline.com/agi-sees-approva...n-yearend/
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...ayus 'to ah Tongue

PayMaya makes deal for cashless payments at McDonald’s

PayMaya Philippines, Inc., the digital financial services arm of PLDT, Inc.’s Voyager Innovations, has teamed up with McDonald’s to allow the fast-food chain to accept cashless payment through PayMaya in its stores.

With the partnership, 42 McDonald’s restaurants have started accepting card payments for all types of MasterCard and Visa credit, debit, and prepaid cards, including PayMaya Visa cards and Smart MasterCard, PayMaya Philippines President and CEO Orlando B. Vea said in a briefing in Taguig City on Friday.

The company will soon accept PayMaya QR payments in its McCafé BGC Arts Center and McCafé Tagaytay Calamba stores, with more stores accepting QR-based payments in the coming months.

Customers can also book and pay for birthday parties online as well as settle online orders “in the next few weeks.”

“Our goal is to continuously provide our customers with a convenient and feel-good restaurant experience, which is why we are committed in seeking out innovations that can deliver this to them. Through our partnership with PayMaya, our customers will now have a cashless payment option to make ordering their favorite McDonald’s meals more convenient,” McDonald’s President and CEO Kenneth S. Yang was quoted in a statement as saying.

“This is digital technology at its most convenient, and we are working toward enabling more partners like McDonald’s to further build a ‘cashless’ ecosystem,” said Manuel V. Pangilinan, chairman at PLDT, Smart, and PayMaya.

“We’re starting with McDonald’s today, but we envision a future where most of our transactions will be carried out with the help of a PayMaya account.”

McDonald’s joins a fast-growing list of companies and merchants that have tapped PayMaya for cashless transactions including e-commerce retailers Lazada and Zalora, Philippine Airlines, and Cebu Pacific, among others.

PayMaya is powering the QR payments acceptance of supermarkets, department stores, and shops under Robinsons Store Specialists, Inc., as well as department stores and mall information booths of SM malls.

With only a third of the country’s population having bank accounts, PayMaya allows the unbanked and those who have no credit cards to settle online transactions. A physical PayMaya prepaid card can also be used in stores worldwide that accept Visa

source: http://bworldonline.com/paymaya-makes-de...mcdonalds/
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Laging nagbabuyback eto ah. Nakabili ako dito sa 16pesos dati tas ngayon sa 15.42
Total Amount Appropriated for the Buy-Back Program = 5,000,000,000.00

Total Amount of Shares Repurchased = 1,078,026,422.00

So bale may pera pa silang pambili ng
Balance = 3,921,973,578.00
...ayos 'to, sana matuloy ito

Infracorp expects go-signal for monorail by end-March

INFRACORP Development, Inc. expects to secure original proponent status for its P3.8-billion monorail project connecting the Metro Rail Transit (MRT) Guadalupe Station to Fort Bonifacio by the end of March. 

“We are about to get the original proponent status within the first quarter. We have submitted the necessary documents already from the government,” Infracorp President Andrew Kevin L. Tan told reporters after a press event in Mandurriao, Iloilo on Monday.

The infrastructure unit of tycoon Andrew L. Tan’s Alliance Global Group, Inc. (AGI) submitted an unsolicited proposal for the monorail project in October 2017. Called the Skytrain, the project is expected to facilitate the transport of around 60,000 to 100,000 passengers daily.

Infracorp said the monorail will cut travel time to only five minutes from the Fort to Guadalupe station, and vice versa.

Once the government gives original proponent status to Infracorp, other firms can submit competing offers through a Swiss challenge. As original proponent, Infracorp will be given the right to match these offers.

Should Infracorp win the contract for the monorail, Mr. Tan said it would take two to three years to complete it.

“We’re set to do that by the end of the year, we’re ready to go. We have the right technology partners and technical partners already. It’s quite a simple proposal, so the government is inclined to give it to us because we can do it in two to three years,” Mr. Tan said. 

Asked whether the company has plans to extend the Skytrain to the Makati central business district as proposed by the Ayala group, Mr. Tan noted formal talks have yet to start.

“They have approached us, but there are no formal talks with them…we haven’t assessed the value to us yet,” Mr. Tan said.

The AGI group is also ironing out negotiations with the Ayala group to facilitate transport in the Bonifacio Global City (BGC) district through its Citylink buses that traverse the Uptown Bonifacio and McKinley Hill route.

“We have been in talks with them to grant us access to BGC and to Ayala Avenue… We hope that we will be able to finalize Citylink buses being granted access to BGC and through Ayala Avenue,” Mr. Tan said.

Asked if the company is keen on more infrastructure projects in the future, the Infracorp executive noted they have joined the so-called super consortium that is interested in the rehabilitation of the Ninoy Aquino International Airport.

“We have a few infra projects in the works… We will start to do one by one these projects. We’re very optimistic given the government’s trust now to more of unsolicited proposals. That will be the fastest way to get these projects off the ground,” Mr. Tan said. 

Aside from Infracorp, AGI also has core businesses in property through Megaworld Corp., gaming through Travellers International Hotel Group, Inc., liquor through Emperador, Inc., and quick service restaurant through Golden Arches Development Corp. 

source: http://bworldonline.com/infracorp-expect...end-march/
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Ahem ahem.... Is that a solid bottom and now on the start of the uptrend? Check out the graph

33% ain't bad. Looks like it's solid at 14.++ now

Spread out and multiply.
Spread your portfolio and let them multiply.

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