Ghost Month: August 11 - September 6

*on buyback* Alliance Global Group, Inc.
Nakaabang ako dito sa 12.70
...keeping the threads alive ha? Tongue thanks for that gnod21 Tongue and keep it up
Sana lumipad na eto, papalitan naman sia ng anak nia

Andrew Tan steps down as AGI chief executive

Tan-led Infracorp eyes O&M partner for Skytrain

INFRACORP Development, Inc. is currently looking for an operations and maintenance (O&M) partner for its P3.5-billion Skytrain project, saying it is speaking with several firms from Austria, France, Japan and China.

“Some of the suppliers that have been offering their technology to us have offered to partner with us for the O&M as well, so we’re considering that option cause it also makes sense whoever supplies will be the one who operates it,” Infracorp President Kevin Andrew L. Tan said in a press briefing after Megaworld Corp.’s annual shareholders’ meeting in Quezon City on June 15.

Mr. Tan said the company should be able to decide on the O&M partner by the fourth quarter of this year.

Infracorp has recently secured original proponent status for its proposed Skytrain project, a monorail linking Metro Rail Transit Line 3’s Guadalupe station to Megaworld’s Uptown Bonifacio township in Taguig City.

The railway is set to carry 350 passengers per five-minute trip, for a total of around 60,000 to 100,000 commuters per day.

The proposal is now with the National Economic and Development Authority’s board for review, which the company expects to be completed by next month.

Mr. Tan said the Ayala group has also formally approached them to extend Skytrain all the way to Makati City. This will allow the monorail to connect Guadalupe Station to Ayala Land, Inc.’s 21-hectare mixed-use estate called Circuit Makati.

“We have yet to really sit down on it, but they have actually already proposed to us and spoken to us about it. And I think they also have their own strategy or version of how to expand it, so we’ll see,” Mr. Tan explained.

The Infracorp chief noted that Skytrain can be further expanded toward the Taguig side, depending on how the group would “want to complement what the government is doing today.”

Asked what other projects the company is looking at, Mr. Tan said this will depend on the needed connectivity for its sister firm Megaworld’s townships.

“Our goal is to create much necessary connectivity and efficiency with our various townships and tourism estates so anything that can be connected and improve access is our priority. So that can be in the realm of rails and even roads,” Mr. Tan said.

Mr. Tan, who also sits as senior vice-president for Megaworld, said the property company is also looking to expand its network of pet clinics within the townships. Pet clinics have been among the trademark tenants in Megaworld’s malls.

“We’re working with several partners, we just actually opened a very large pet clinic in McKinley West, we call it Vets in Practice. So we’re trying to see how we can work with them, and see how we can work with them and roll out pet clinics all over our townships,” he explained.

Companies have recently been showing interest in pet care clinics, with Gokongwei-led Robinsons Retail Holdings, Inc. also venturing into the segment through a franchise agreement with Singaporean firm Pet Lovers Centre.

Infracorp and Megaworld are both part of tycoon Andrew L. Tan’s Alliance Global Group, Inc. The conglomerate’s other core businesses include liquor, gaming, and quick serviced restaurants.


...good enough

Alliance Global profit up 17% in 1st half

ALLIANCE Global Group, Inc. grew its attributable profit by 17% in the first half of 2018, driven by the double-digit growth across its property, liquor, and fastfood businesses, alongside the recovery in its gaming unit.

In a statement issued Friday, the holding firm of tycoon Andrew L. Tan reported a net income attributable to equity holders of the parent of P7.9 billion, versus the P6.9 billion it realized in the same period a year ago.

This was supported by a 9% increase in revenues to P73.2 billion for the first semester.

“All the group’s major subsidiaries delivered strong topline and bottomline results, reflecting the improving outlook in their respective business segments,” AGI Chief Executive Officer Kevin Andrew L. Tan said in a statement.

Megaworld Corp., AGI’s property unit, saw its attributable profit rise 13% to P7.3 billion in the first half. The residential and rental units pushed consolidated revenues 10% higher to P26.8 billion.

Megaworld also noted that its hotel business saw significant growth at 10% to P715 million for the period, following the addition of more hotel rooms under its portfolio.

Emperador, Inc. delivered an 18% uptick in attributable profit to P3.3 billion, helped by an 8% increase in consolidate revenues to P19.5 billion.

The whiskey business — which accounts for 27% of total profit — posted a 77% increase to P890 million, as sales from brands The Dalmore and Jura boosted revenues by 16% to P6.2 billion.

The whiskey business supported the slower growth of the brandy business, which grew by 4% in terms of revenues to P13.6 billion.

The attributable profit of Travellers International Hotel Group, Inc. (TIHGI) stood at P1.7 billion in the first half, recovering from the P375 million it generated in the same period a year ago. To recall, the company’s bottomline took a hit last year due to the shooting incident in Resorts World Manila that left 37 people dead.

Gaming revenues slipped 3% to P4.5 billion, although TIHGI said gross gaming revenues have seen improvements on a quarterly basis.

Meanwhile, Golden Arches Development Corp. booked a net income of P741 million, 26% higher year-on-year. The local franchisee of the McDonald’s brand benefited from the addition of 19 stores to its portfolio, ending June with 585 stores.

Sales revenues then expanded 11% to P13.5 billion, with same-store sales growth at 5.7%.

“We have consistently grown our reliable sources of income and have improved our operating leverage. All of these should support us as we navigate the challenging economic environment moving forward,” Mr. Tan said.


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