Primex Corporation
#41
salamat madam jmf.
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#42
I believe charts also said that the party was over at P5.50, but here we are. Deep value stocks like this require patience, too bad the mania of Mr. Market never lasted longer than 10 minutes, I myself was able to snag only a few thousand.
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#43
(04-18-2015, 05:27 PM)rodriguezjames Wrote: I believe charts also said that the party was over at P5.50, but here we are. Deep value stocks like this require patience, too bad the mania of Mr. Market never lasted longer than 10 minutes, I myself was able to snag only a few thousand.

first sell signal ata to since 11/24/14 using ema.... was able to ride @ 6.2-8...
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#44
^That's the problem with technicians, two technicians looking at the same chart will see things differently. I was referring ro Manila Operators' post.
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#45
Daily chart.

[attachment=2990]

Stocks sell on future and not current fundamentals.
Use a technical approach that deciphers the market interpretation.
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#46
Primex now owns 98.2 % of subsidiary

Primex Corporation acquired an additional 10.2% of the remaining twelve (12) percent stake in subsidiary, Primex Realty Corporation, thereby taking 98.2 % control of the subsidiary, which enjoys a debt-free status like its parent company. The subsidiary, which owns the 31-storey Stratosphere in Salcedo Village, Makati City, is also the owner of 2 prime properties in the Greenhills area, including the site of the upcoming Primex Tower along EDSA Connecticut St., Greenhills. The acquisition was purchased at its book value price. The accretive acquisition is expected to beef up Primex's land bank and enhance shareholders value in view of the tremendous earning potential of the properties upon development.


source: http://edge.pse.com.ph/openDiscViewer.do...ut9Fa.dpbs


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#47
...more details

Primex takes over Stratosphere builder

REAL ESTATE developer Primex Corp. said it now owns 98.2% of its subsidiary that built the 31-storey Stratosphere in Makati.

On Friday, it told the stock exchange that it bought an additional 10.2% of the remaining 12% in Primex Realty Corp.

Primex described the unit as enjoying a “debt-free status like the parent company.”

“The acquisition was purchased at its book value price. The accretive acquisition is expected to beef up Primex’s land bank and enhance shareholders value in view of the tremendous earning potential of the properties upon development,” it said.

Primex Realty owns the 31-storey Stratosphere in Salcedo Village, Makati City as well as two prime properties in the Greenhills area, including the site of the upcoming Primex Tower along EDSA Connecticut Street in Greenhills, the parent firm said.

The parent company’s completed projects include two high-end residential projects, namely: Goldendale Village in Malabon and The Richdale along Sumulong Highway, Antipolo City.

It has also completed the development of Goldendale II and Tresor Residences, which are also in Malabon City.


source: http://bworldonline.com/primex-takes-str...e-builder/


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#48
...may potential ito

Primex takes control of real estate unit

Primex Corp. has taken 100 percent control of its subsidiary, Primex Realty Corp.

The subsidiary owns the 31-story Stratosphere in Salcedo Village, Makati City.  It also owns the upcoming Primex Tower along EDSA Connecticut St. in Greenhills.

Primex said the acquisition is expected to beef up its  land bank and enhance shareholder value in view of the tremendous earning potential of the properties.

Last year, the company said it may diversify into the mass housing segment.

Its roster of completed projects include two high-end residential projects namely, Goldendale Village located in Malabon and The Richdale situated along Sumulong Highway, Antipolo City.

The company also completed other high end developments such as Goldendale II and Tresor Residences, which are also located in Malabon City.

Primex was incorporated in 1986 as a real estate development company.  it is headed by its chairman and president Ernesto Ang.    


source: http://beta.philstar.com/business/2018/0...state-unit


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#49
7-12

...read the last part of the article  twisted

Primex breaks ground for San Juan office tower

In a statement issued Wednesday, the listed property developer said it has broken ground for the Primex Tower. The 50-storey office project will stand on a 1,944-square meter lot at the corner of EDSA, Connecticut Street, and Florida Street at the Greenhills commercial district.

Primex Tower is set to offer around 41,000 square meters (sq.m.) of leasable spaces with a cut of 200 to 300 sq.m each. Offices will be spread out across 37 floors, while 12 floors will be dedicated for above-ground and basement parking.

The project — envisioned to be the tallest one in the city — is expected to be completed in the next four to five years. Primex’s subsidiary Primex Realty Corp. is in charge of its development.

“With the project, the company is looking to take advantage of increasing demand in the office and hotel sectors,” Primex Chairman and President Ernesto O. Ang was quoted as saying in a statement.

Mr. Ang said a study made by real estate consultancy firm Colliers International Philippines had projected an average 10% per annum increase in rental rates across submarkets. This is amid rising vacancy rates in Metro Manila.

“The growth in the sector will be quietly led by knowledge process outsourcers,” Mr. Ang said.

The company said the Primex Tower will be able to attract tenants as the demand for office spaces shifts to new and higher quality buildings, instead of old structures.

The tower will also feature designs in line with Leadership in Energy and Environmental Design (LEED) standards. This includes surrounding the building with 90% double-gazed glass with vacuum in-between that reduces heat and noise penetration. In turn, the reduced heat gain will enhance the efficiency of the air-conditioning system in the building.

LEED standards are measures imposed by the United States Green Building Council to ensure that a development is healthy, highly efficient, and cost-saving.

The beginning of the Primex Tower’s construction followed the completion of the company’s 31-storey condominium project in Salcedo Village, Makati called The Stratosphere.

Moving forward, the company is looking for more local and foreign partners for the joint development of its existing land bank.

“These locations — in Malabon, Mandaluyong, Quezon City, and San Juan in Metro Manila and surrounding areas like Tagaytay — are showing equally exciting growth potential,” Primex Executive Vice-President Karlvin L. Ang said in a statement.

Primex reported a net loss attributable to the parent of P1.36 million in the first quarter of 2018, versus an attributable profit of P25.74 million in the same period a year ago. This followed a 92% drop in gross revenues to P7.44 billion for the January to March period.


source: http://bworldonline.com/primex-breaks-gr...ice-tower/


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