*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.

source: http://bworldonline.com/tan-led-infracor...-skytrain/


...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.

source: http://www.bworldonline.com/alliance-glo...-1st-half/

Aurora laki ng cross mo sa manok ko ah. :-)
"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
(09-03-2018, 04:29 PM)jbond28 Wrote: Aurora laki ng cross mo sa manok ko ah. :-)

...Aurora is an insider broker....yan ang gamit nila lagi

Nagbenta na ko ng AGI sa 14.50 pero may tinira pa ko baka kasi umabot ng 15pesos

...ayos 'to Tongue

Infracorp plans monorail project linking Eastwood City to MRT-3

INFRACORP Development, Inc. looks to propose a monorail project connecting the Metro Rail Transit Line 3 (MRT-3) to Eastwood City, in a bid to ease traffic congestion and increase connectivity for commuters in the area.

The infrastructure arm of Alliance Global Group, Inc. (AGI) said it has identified three to four areas where it would like to build infrastructure solutions, with the Eastwood City to MRT-3’s Santolan Station being one of them. Eastwood City is an integrated township being developed by AGI’s property arm, Megaworld Corp.

AGI President and Chief Operating Officer Kingson U. Sian said the project will most likely replicate Infracorp’s proposal for the two-kilometer Skytrain, connecting MRT-3’s Guadalupe Station to Fort Bonifacio.

“The first model is important because it can serve as the model for the future Skytrain, including the equipment supplier, technologies, and so forth. Depende na lang sa haba (It will depend on the length),” Mr. Sian told reporters after AGI’s annual shareholders’ meeting in Eastwood City yesterday.

The group estimates the distance between Eastwood City and Santolan Station to be around five kilometers.

“We’re conducting preliminary discussions, and so far the local government units have been supportive,” Mr. Sian, adding that they are assessing the right of way components of the project.

AGI first ventured into the infrastructure sector last year with its proposal to build the P3-billion Skytrain at no cost to the government. Using automated cable-propelled monorail technology, the project seeks to transport passengers from MRT Guadalupe to Megaworld’s Uptown Bonifacio township in Fort Bonifacio within five minutes. The monorail will have a capacity of 60,000 to 100,000 passengers daily.

Mr. Sian said they are still evaluating potential partners for the operation and management of the Skytrain.

Infracorp’s proposal also includes provisions to interconnect the Skytrain with other transport hubs.

The Department of Transportation granted Infracorp the original proponent status (OPS) for the project last May. It is now undergoing review at the National Economic and Development Authority board’s investment coordination committee.

The project will then be subjected to the competitive Swiss challenge, where the government will request other companies to make competing offers. As the original proponent, Infracorp has the right to match them.

The company earlier said it can start construction for the project this year, with initial operations scheduled for 2021.

Infracorp is also part of the consortium of seven conglomerates that proposed to rehabilitate the Ninoy Aquino International Airport for P105-106 billion. The consortium includes Aboitiz InfraCapital, Inc., AC Infrastructure Holdings, Corp., Asia’s Emerging Dragon Corp., Filinvest Development Corp., JG Summit Holdings, Inc., and Metro Pacific Investments Corp.

The group has also been awarded the OPS for the airport rehab earlier this month.

source: http://www.bworldonline.com/infracorp-pl...-to-mrt-3/


...warchest Tongue

Tan’s Alliance Global earmarks P240B for projects until 2020

ALLIANCE Global Group, Inc. (AGI) is ramping up its investments to P240 billion until 2020, pushing the expansion of its property, liquor, gaming, and quick- serviced restaurant businesses in the next three years.

The holding firm of tycoon Andrew L. Tan said bulk of the spending will be for property unit Megaworld Corp. and gaming firm Travellers International Hotel Group, Inc. (TIHGI), which will both be pursuing several residential, office, mall, and hotel projects during the period.

“Megaworld and Travellers, those two will have the largest share in capex requirement. Bulk will be the residential, office, and then the completion of our phase 3 (for Resorts World Manila), and the start of Westside City,” AGI President and Chief Operating Officer Kingson U. Sian told reporters in a briefing after the company’s annual stockholders’ meeting in Eastwood City yesterday.

The capital spending will support Megaworld’s goal to have 1.5 million square meters (sq.m.) in leasable office spaces by 2020. Recently, the listed property giant signed deals with United States-based firms JPMorgan Chase Bank and Factset to build their local headquarters here, spanning a combined footprint of 120,000 sq.m.

The company further aims to have 28 lifestyle malls covering one million sq.m. of gross floor area by 2023.

For TIHGI, the capex will finance the third phase of Resort World Manila (RWM)’s expansion program, where the company will add new international hotel brands Hilton, Sheraton, and Okura, as well as a Grand Wing for casinos.

Both Megaworld and TIHGI will also be funding the development of the integrated leisure and tourism estate called Westside City, located along the state-run Entertainment City in Parañaque City.

Megaworld earlier said it will spend P54 billion over the next 10 years for the 31-hectare Westside City, which will house residential, hospitality, and retail components. Meanwhile, TIHGI has allocated $1.1 billion for the integrated resort and casino called Westside City Resorts World Complex inside the township.

Ongoing developments at Westside City will support AGI’s goal to have 12,000 hotel keys by 2020, more than thrice its current portfolio of 3,198 hotel rooms — mostly in RWM. The company noted that at least 1,000 of these hotel rooms will be located in Westside City, while the others will be spread out across their various townships.

Mr. Sian said they expect to start construction for Westside City by next year, as the group is already working on the final touches for the re-masterplanning.

For the liquor business, Emperador, Inc aims to expand its portfolio through more product introductions such as Shackleton, Terry White, and Fundador Double Light, among others. This will improve the company’s presence in the 102 markets where its products are currently available.

Golden Arches Development Corp., the master franchise holder of the McDonald’s brand in the country, will also continue its expansion to hit 1,000 stores in the following years. Mr. Sian noted that they have been opening 50-55 stores in the past two years, compared to its previous average of 25-30 stores. This will bring the company closer to its target faster.

AGI Chief Executive Officer Kevin Andrew L. Tan said most of the capex will be funded by internally generated cash and some borrowing.

“Be assured though that we will always maintain financial prudence and keep our gearing at reasonable level,” Mr. Tan said, adding that AGI’s net debt-to-equity at the consolidated level stood at 38% as of end-June, versus 41% in 2017.

AGI booked an attributable profit of P7.86 billion in the first six months of 2018, after gross revenues went up seven percent to P70.07 billion.

source: http://www.bworldonline.com/tans-allianc...ntil-2020/


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