*on buyback* Alliance Global Group, Inc.

...earnings report...not disappointing Smile across the board ang increase for all companies ni AGI

Tan’s AGI delivers double-digit Q3 profit growth

THE holding firm of tycoon Andrew L. Tan expanded its earnings by more than a fifth in the third quarter of 2018, driven by the double-digit growth across its property, gaming, and liquor businesses.

In a regulatory filing, Alliance Global Group, Inc. (AGI) said net income attributable to the parent rose 21.5% P4.21 billion in the three months ending September, against P3.46 billion posted in the same period a year ago. This followed a 16.4% increase in revenues to P38.99 billion.

For the nine-month period, the listed conglomerate’s net income attributable to the parent then grew by 18.49% to P12.06 billion, on the back of an 11.78% uptick in revenues to P112.15 billion.

“We are inspired by the group’s strong performance and we will continue to work very hard to deliver good results across all our business segments moving forward,” AGI Chief Executive Officer Kevin Andrew L. Tan said in a statement.

Megaworld Corp. delivered an attributable profit of P11.3 billion during the nine-month period, 13% higher year-on-year.

While residential revenues accounted for bulk of its revenues, the leasing business provided the lift for this period. Rental income from office building and malls surged by 19% to P10.5 billion, boosted by higher occupancy rates and increased rent.

Emperador, Inc. pushed its attributable profit 16% higher to P5.1 billion, on the back of an 11% uptick in revenues to P30.5 billion. The company is banking on its product diversification strategy to further improve profitability moving forward.

Resorts World Manila operator Travellers International Hotel Group, Inc. realized an attributable profit of P1.8 billion for the period, reversing its net loss of P34 million in the same period a year ago. Gross revenues meanwhile rose by eight percent to P17 billion.

The integrated resort and casino reported growth across its VIP and mass table segments. Blended hold rate also improved to 5.5% from 4.8% a year ago. Non-gaming revenues further boosted earnings, as it grew by 11% to P3.2 billion.

Meanwhile, Golden Arches Development Corp. booked a 3% increase in attributable profit to P991 million, as same-store sales growth increased by 4%. With this, sales revenues rose by 8% to P20.3 billion in the nine months ending September.

The exclusive franchisee of the McDonald’s chain in the country ended September with a total of 603 store, compared to 566 in 2017. The company has been widening its reach to areas outside Metro Manila, with almost 60% of the stores located in the provinces.

“We recognize the many exciting opportunities in the market, both domestic and international, as we continue to pursue our aggressive expansion program with an investment commitment of P240-billion up to 2020. At the same time, we intend to manage our costs and keep our gearing levels low as we remain vigilant of the global economic headwinds,” Mr. Tan said.

source: https://www.bworldonline.com/tans-agi-de...it-growth/


AGI eyes more developments in 2019

ANDREW Tan’s Alliance Global Group Inc. (AGI) will add more townships next year as it vowed to do more in 2019 through a number of projects.

“Definitely, we are adding more townships. We will be introducing new townships, new projects for Megaworld. We will be launching new hotel projects as well, opening and starting the construction of new hotel projects outside Manila. So we continue to expand outside Metro Manila as we have forecast. We do believe in the expansion of our tourism projects,” said Kevin Tan, AGI CEO.

“For Emperador, we showed you a lot of new products; for McDonald’s, we are adding 50 stores next year. For Infracorp, we are now finalizing the concession agreement for both the Skytrain and Ninoy Aquino International Airports [Naia]. If that happens, we will be able to start with Naia by the third quarter and the Skytrain by the fourth quarter next year,” he said.

AGI is part of the consortium that will refurbish and operate the country’s main airport, while the Sky train is Infracorp’s unsollicited project that connects the MRT 3 to its property in the former military camp in Taguig.

Tan said on the property side, the company remains confident of the prospect of the office segment as business-process outsourcing firms are back, the first time the company admitted there was a contraction of BPOs over the past year.

“And so we are full steam ahead again with our BPOs’ expansion into various cities outside Manila,” he said. “On the tourism side, gaming, we are launching two hotels next year—Sheraton and the Okura in Newport City. And then for 2020, we are launching the Ritz Carlton,” Tan said.

“We will start the construction of our West Side City development by early next year in time to be finished by 2021,” Tan said, referring to the $1-billion integrated resort and casino in Entertainment City.

“We will be focusing quite a lot on entertainment. As discussed in the past, we want to create this sort Broadway of Asia concept there. We are putting together a few theaters-in- one. Because right now, the theater industry in the Philippines is growing, but we feel it’s very fragmented all over,” he said.

“We are looking at ways to integrate into one development where we can put theaters and entertainment facility. I think in that respect, it becomes a little bit more different from what the others are offering. We are not just purely gaming. There is also going to be a very big retail component with  a lot of entertainment factors, as well,” he said.

AGI will continue to expand in existing estates and in the provinces, he said.

“We are going to be expanding quite a lot in Iloilo. Again, Boracay is back so we will be relaunching new projects in Boracay, Cebu and Davao, as well. And, of course, Pampanga and Bacolod,” he said.

source: https://businessmirror.com.ph/agi-eyes-m...s-in-2019/

After ko mabenta un DMC sa 14 eh bibili naman ako ng AGI sa 11
Ok po ba un?


AGI focuses on real estate expansion in 2019

ALLIANCE GLOBAL Group, Inc. (AGI) is pushing the expansion of its real estate business into the provinces, banking on the continued economic growth in the regions.

AGI Chief Executive Officer Kevin Andrew L. Tan said Megaworld Corp. will be relaunching new projects in Boracay following its reopening last October, while also unveiling new projects in Cebu, Davao, Pampanga, and Bacolod.

“We’re going to be more aggressive now in the provinces because we see a lot of growth in the provinces… it’s very encouraging that’s why we want to continue the momentum in those regions,” Mr. Tan told reporters on the sidelines of the company’s media event last Dec. 17.

Global-Estate Resorts, Inc. (GERI), a subsidiary of Megaworld, is developing the 150-hectare township Boracay Newcoast which will include residential condominiums, hotels and a shophouse district.

Mr. Tan noted that Megaworld will also be launching more townships next year, in addition to the aggressive expansion of its office space leasing segment driven by the recovery of the business process outsourcing sector.

AGI will also restart the construction of its 31-hectare Westside City township in Entertainment City, Parañaque early next year, in time for a scheduled opening in 2021. AGI partnered with Malaysia’s Genting Group for the P121-billion project.

Mr. Tan said Westside City’s master plan was upgraded, given the competition of integrated resorts and casinos in the area.

“We’re going to be focusing quite a lot on entertainment because we discussed in the past we want to create this sort of ‘Broadway of Asia’ concept there. So we’re putting together theaters in one, because it’s growing and it’s fragmented all over so we’re looking at ways to integrate it into one development where we can put theaters and entertainment facilities,” Mr. Tan explained.

“I think in that respect, it becomes a little bit more different from what the others are offering, not just gaming.”

For the hotel segment, AGI will be launching two new hotels, namely Sheraton and Okura, within the Resorts World Manila complex in Pasay City. The company will unveil the Ritz Carlton in 2020.

The liquor business through Emperador, Inc. will introduce new products in 2019. The listed brandy firm launched The BaR Gin in the Philippines this year, while focusing on the expansion of its Emperador Brandy, Fundador Spanish Brandy de Jerez, and The Dalmore brands in the overseas markets.

Golden Arches Development Corp., the exclusive franchise holder of the McDonald’s brand in the Philippines, will also be opening 50 new stores next year.

For its infrastructure unit, Infracorp Development, Inc. looks to start construction of its two-kilometer monorail Skytrain by the fourth quarter of 2019.

The P3.5-billion project will link Metro Rail Transit Line 3’s Guadalupe Station to Megaworld’s Uptown Bonifacio township in Taguig City, cutting travel time to five minutes for up to 100,000 commuters per day.

AGI booked P12.06 billion in net income attributable to the parent in the first nine months of 2018, 18% higher year-on-year. This came on the back of an 11% uptick in gross revenues to P108 billion during the same period.

source: https://www.bworldonline.com/agi-focuses...n-in-2019/
(01-06-2019, 08:05 PM)gnod21 Wrote: After ko mabenta un DMC sa 14 eh bibili naman ako ng AGI sa 11
Ok po ba un?

...ok yan!  Tongue

Kumusta na pala ito si AGI? Ba't naging 11 petot nalang. hehe. Undervalued ba ito when it comes to Fundamentals?
COL FV = 21.45

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