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D&L Industries, Inc
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...malakas pa din pala

D&L Industries posts P663-M recurring income

D&L INDUSTRIES on Tuesday said its recurring income rose 15% in the first quarter, boosted by continued domestic demand and a surge in export sales.

In a statement, the listed food and input manufacturer said it booked P663 million in recurring income for the January to March period.

Total revenues soared 35% year on year to P6.3 billion, as export sales soared 73% during the period. Exports sales’ share in total sales stood at 24% as of end March, from 18% in 2016.

D&L’s export of food products started to pick up during the end of last year as it started its supply deal with Ventura Foods. The company said the food ingredients segment is now the biggest contributor to exports at 44%, with its export sales more than quadrupling in the first quarter. In 2016, the segment contributed 19% to total export sales.

“Our company continues to see growth across all segments... The strong performance of our export business shows that our commitment to R&D and innovation is being appreciated overseas. Looking forward, we will continue to look for more ways to expand internationally to complement the growth in our domestic business,” D&L President and Chief Executive Officer Alvin D. Lao was quoted as saying in a statement.

D&L’s food ingredients segment saw a 56% growth in revenues to P3.6 billion.

“This was mainly fuelled by the strong growth in refined vegetable oils (commodity) and specialty fats and oils revenues which were up 95% year on year and 33% year on year, respectively,” the company said.

The oleochemicals group’s revenues jumped 17% to P1.9 billion, as the higher margin “Other Specialty Chemicals” segment’s revenues and volume grew by 30% and 22%, respectively, after years of decline.

Specialty plastics generated 5% higher revenues to P683 million, as the firm hiked selling prices due to higher prices of raw materials.

The aerosol business’ net income grew by 73%, but D&L did not provide exact figures.

In a text message, Mr. Lao said the company is looking at the aerosol and food exports business to be their main drivers of growth in 2017.

Asked on plans for expansion, Mr. Lao said they hope to discuss adding capacity to its plants by the end of the year.

The company, along with its subsidiaries, currently runs seven plants with a total capacity of 200,000 tons per year.

“We’re still in the planning stages for expansion. We can discuss more details maybe in the second half of 2017,” Mr. Lao said.

The company is following a guidance of 15-19% growth for 2017, earlier saying that it will bank on the growth of the Philippine economy to sustain growth.

“We’ll be happy with double-digit growth in net income for this year,” Mr. Lao said.


source: http://www.bworldonline.com/content.php?...&id=145339
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...tuwang-tuwa institutional investors, pinakita kasi ni DNL Tongue

D&L Industries recognized as a Most Honored Company by Institutional Investor

D&L Industries earned the designation of a Most Honored Company in Asia by New York-based Institutional Investor in its 2017 All-Asia Executive Team survey, as it ranked among the top in a list of over 2,500 Asian companies nominated for outstanding corporate leadership and investor relations.

This year’s survey results reflect the opinions of more than 3,900 investment professionals at 980 financial services firms. This includes buy-side analysts, money managers and sell-side researchers at securities firms and financial institutions that cover Asia. Respondents from the buy side manage approximately $1.5 trillion in Asian equities.

Companies were ranked based on various aspect of investor relations and corporate governance. These include having accessible senior executives, providing timely and appropriate financial disclosure, having a well informed and empowered IR team, responding quickly and thoroughly to requests, hosting the most constructive conference calls and meetings, and providing the highest quality corporate document and investor kit materials.

D&L Industries President & CEO Alvin Lao was recognized as the Best CEO in the Philippines. Meanwhile, the company’s investor relations program ranked number 3 in the country. These awards earned D&L Industries the Most Honored Company recognition, which was given to 88 companies across Asia in 2017, including two other Philippine companies – Universal Robina and Metro Pacific Investments.

Institutional Investor is a leading international business-to-business publisher, focused primarily on international finance. It is a trusted source for research and rankings among top analysts and portfolio managers in the financial industry.

“This is a wonderful achievement for the entire team,” Mr. Lao remarked, “which would not have been possible without the support of D&L’s management. We have the utmost respect for our minority shareholders and will continue our efforts to maintain an IR program that is engaging, informative and transparent.”


source: http://edge.pse.com.ph/openDiscViewer.do...oVKFh.dpbs
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...this is a good company

D&L seeks PEZA perks for new facility

D&L INDUSTRIES, Inc. is seeking incentives from the Philippine Economic Zone Authority (PEZA) for its planned manufacturing facilities in Batangas, as the company aims to grow its export business in the next few years.

In a disclosure to the stock exchange on Thursday, D&L said its units D&L Premium Foods Corp. (PFC) and Natura Aeropack Corp. submitted applications with PEZA for the registration of the manufacturing facilities to be built on a 26-hectare property inside the First Industrial Township. The First Industrial Township is designated as a special economic zone in Batangas.

“This initiative is part of the group’s strategic direction to grow the export business and focus on higher value and higher margin products,” it said.

Natura’s facility will manufacture coconut oil fractions, coconut-based surfactants, and consumer products for health care, personal care and home care.

If approved by PEZA, D&L will be entitled to incentives such as income tax holiday for a certain number of years, and tax and duty-free importation of raw materials and capital equipment. It will also have to comply with the 50% required export sales required for Filipino corporations in economic zones.

The listed food, chemical and aerosols manufacturer targets to complete construction and commissioning of the Batangas facility by 2021.

ROOM TO GROW 
“We have room to grow. Our utilization now is 70%. So say in the next two or three years, we can still use our existing facilities for growth. But one consideration is it takes us time to build a new plant, so it’s now good to start planning and constructing, because we don’t want bottleneck,” D&L President and Chief Executive Officer Alvin D. Lao said in a briefing on Wednesday.

Mr. Lao said the company’s expansion program will also accommodate the demand from new contracts it could potentially sign in the future.

“Expanding to the new site will help our export business. So 50% of our business coming from exports, it will be something we will be able to achieve not just with our existing business, but also with our expansion,” he said.

To date, Mr. Lao said D&L’s export business comprises 25% of overall revenues.

He expects increased export sales as the company enters new markets in the Asia-Pacific region, such as China, Hong Kong, Japan, and Indonesia.

D&L booked a 15% increase in earnings in the July to September period to P771 million, as revenues likewise increased 27% to P7.2 billion for the three-month period.

This year, the company is tracking a 10% profit guidance boosted by robust growth across its food, oleochemicals, specialty plastics, and aerosols businesses.


source: http://bworldonline.com/dl-seeks-peza-pe...-facility/
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...this is a nice stock to hold on to

D&L unit’s facility gets green light from PEZA

A SUBSIDIARY of D&L Industries, Inc. secured the approval from Philippine Economic Zone Authority (PEZA) to set up a manufacturing facility in Batangas.

D&L, in a disclosure to the stock exchange on Thursday, said Natura Aeropack Corp. (NAC) received a certificate of registration as an ecozone export enterprise from PEZA.

The PEZA approval means D&L will be entitled to incentives such as income tax holiday for a certain number of years, and tax and duty-free importation of raw materials and capital equipment. It will also have to comply with the 50% required export sales required for Filipino corporations in economic zones.

The facility, slated to be commercially operational in 2021, will be located at the First Industrial Township-Special Economic Zone in Batangas.

NAC will engage in the manufacturing of coconut oil fractions and coconut-based surfactants and downstream consumer products.

“The NAC facility is part of the expansion plans of the D&L Group, which will position the group to grow in the next 20 years,” the listed company said.

The construction of new manufacturing plants in Batangas is part of the D&L Group’s strategic direction to grow the export business and focus on higher value and higher margin products.

D&L’s export business comprises 25% of overall revenues.

The expansion program will also accommodate the demand from new contracts.

“Expanding to the new site will help our export business. So 50% of our business coming from exports, it will be something we will be able to achieve not just with our existing business, but also with our expansion,” D&L President and Chief Executive Officer Alvin D. Lao had said.

D&L expects increased export sales as the company enters new markets in the Asia-Pacific region, such as China, Hong Kong, Japan, and Indonesia.

D&L booked a 15% increase in earnings in the July to September period to P771 million, as revenues likewise increased 27% to P7.2 billion for the three-month period.


source: http://bworldonline.com/dl-units-facilit...ight-peza/
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6-5

D&L seeks more partnerships, to pay P1.86-B cash dividend

D&L Industries the country’s largest specialty foods ingredients, plastics and oleochemicals firm, is aiming to seal more partnerships with large multinational firms seeking to establish a presence in Asia.

In an interview after the firm’s annual stockholders’ meeting, D&L President Alvin D. Lao said solid partners like Ventura Foods will allow the company to grow its export business faster than its rapidly expanding local business.

Lao explained that, three years ago, D&L had set a goal deriving half of its revenues from its overseas business and they have so far reached 22 percent with seven years to go.

However, he said reaching this goal has been a challenge since their Philippine business has also been posting strong growth as it rides on the strong domestic economy.

“There are large multinational food companies who want to have a presence in, or plan to expand to, Asia but they do not want to invest in putting up manufacturing plants or maintain local offices,” said Lao.

He pointed out that, “we can represent them. We can be the distributor for their products in Asia or we can manufacture their products for them.”

Lao said D&L’s partnership with Ventura has allowed it to export products to China, Hong Kong, Japan and other countries in the Asia Pacific region. Its other partnerships also export to the US and Europe in addition to Asia.

Meanwhile, D&L declared a regular cash dividend of P0.205 per share plus a special cash dividend of P0.055 per share to shareholders of record as of June 20. Ex-date is on June 15 and payment will be made on July 9, 2018.

In total, shareholders will receive P0.26 dividends per share, or a dividend yield of 2.4 percent based on June 1’s closing price of P10.94.

This year’s dividend, amounting to P1.86 billion or an increase of 11 percent from last year’s P1.68 billion, is equivalent to 64 percent of last year’s recurring income.

In 2017, D&L Industries’ recurring net income reached P2.9 billion, up 11 percent year-on-year, on the back of higher sales volume and margin expansion in the high margin specialty products segment.


source: https://business.mb.com.ph/2018/06/05/dl...-dividend/
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8-10

...buy! Tongue

D&L recurring profit jumps 14% in Q2

D&L Industries, Inc. (DNL) expanded its recurring income by 14% to P784 million in the three months ending June, driven by higher volumes for the high margin specialty product (HMSP) segment of its food business.

The listed manufacturer of customized food ingredients and specialty raw materials said in a statement on Thursday that this pushed the first-half recurring income 13% higher to P1.53 billion. Revenues, meanwhile, stood at P13.2 billion, four percent higher year-on-year.

The earnings for the first half translate to an earnings per share of 21 centavos.

DNL attributed the profit growth to the 14% increase in volumes from the food unit’s HMSPs, which accounted for 63% of total revenues. The company noted the segment’s growth for the period is twice its historical average increase of seven percent.

“The pick-up in HMSP is encouraging as it represents the side of the business that is recurring and sticky,” the company said. This allowed a two percent year-on-year increase for the food ingredients segment.

The commodity business meanwhile contributed 37% of total revenues. Blended commodity margins climbed to 9.7% for the second quarter alone, versus four percent in the previous quarter, pushing overall gross profit margin to 18% in the first half, one percentage point higher year-on-year.

Exports accounted for 21% of DNL’s revenues, indicating a five percent drop due to the higher base it recorded in the same period a year ago. Oleochemical products — which are chemicals processed from coconut oil — were the top contributor to exports at 35%, as the company saw strong demand for high margin coconut-derived oleochemicals from developed countries.

The company earlier said it targets to have its export business contribute half of its total revenues by 2025, as it prepares to enter new markets in the Asia-Pacific region.


source: http://www.bworldonline.com/dl-recurring...-14-in-q2/
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8-13

...ok din 'tong businness model ni DNL

D&L starts building 26-ha plant in Batangas  

CHEMICALS manufacturer D&L Industries, Inc. has commenced the construction of a new manufacturing plant in Batangas, which is expected to help grow its export business.

In a news conference last week, D&L President Alvin Lao said the initial phase of the new facility, to be located in a 26-hectare area in First Industrial Township-Special Economic Zone, was expected to be operational by 2021.

The new plant is expected to help D&L meet its target of 50 percent exports, 50 percent domestic sales in two years’ time and also allow it to focus on higher value and higher margin products.

“D&L Premium Foods and Natura Aeropack will be required to meet the 50 percent export sales requirement for Filipino enterprises,” D&L said.


Lao said the capacity has yet to be determined as the group is still finalizing the master plan.
The new plant is expected to generate 700 new jobs.

“This expansion can easily be financed by our cash flow and debt since we have a lot of room in our balance sheet to borrow,” Lao said.

To complement its diversification, D&L’s parent firm Jadel Holdings, Inc. broke ground on its new research and development facility in Quezon City to explore new products and technologies for D&L. Jadel Research Center (JRC) is envisioned to house new research initiatives in areas that are outside of D&L’s current fields of research.
 
While D&L’s own R&D department is focused on existing products and the needs of its current clientele, JRC’s focus will be on the exploration of new fields to ensure D&L’s long-term growth by creating a new research pipeline.

“We are very excited to embark on this strategic project. We recognize that R&D is at the core of our business and represents the biggest source of earnings growth and margin expansion,” Lao said.

Jadel will shoulder 100 percent of the expenditures for the construction of the R&D facility, due for completion in 2021.


source: https://www.manilatimes.net/dl-starts-bu...as/429739/
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8-22

DNL units lead ‘green chemistry’ using coconut-derived products

UNITS of listed chemical firm D and L Industries Inc. (DNL) said they will lead the way toward what they called “green chemistry,” mainly tapping coconut oil, it called the healthiest oil in the world.

“Green chemistry is a new discipline in designing products and processes that optimizes the use of resources and minimizes the generation of waste. We are guided by the principles of green chemistry in the engineering and formulation of our products,” Chemrez Technologies Inc. Managing Director Dean Lao Jr. said.

Chemrez is a unit of DNL.

Lao, also the president of the United Coconut Association of the Philippines, said Chemrez will show how the company responds to this call through its various coconut-derived products, including surfactants, oleochemical intermediates, functional ingredients, cocopure or sulfate free system and petroleum-free bases and coco health and nutrition. “As a vertically integrated partner, Chemrez is competitive at any point of the value chain in maximizing the benefits of the coconut in order to preserve our fragile environment and improve the quality of life,” Lao said.

“Our green initiative is embedded all the way—from coconut-oil refining, oleochemicals manufacturing, concept formulations and private-label manufacturing.”

DNL’s other unit Oleo Fats Inc. is also the market leader in food solutions using coconut-based products and said it is capitalizing on the demand for healthy food.

“With the rising global trend of healthy lifestyle-conscious consumers turning their attention to the nutritive value of that they consume, Oleo Fats has a definite competitive advantage as our company manufactures a variety of coconut-based specialty fats, oils and ingredients,” Oleo Fats Managing Director Vincent Lao said.

He said medium-chain triglycerides or MCTs, for instance, are good oils found in coconut oil and other food since it is more easily absorbed by the body and used as energy, without getting stored as body fat. The company is producing MCT oils.

Both Chemrez and Oleo Fats featured their various coconut-based products during the first World Coconut Congress.

The Philippines is the world’s largest coconut producer and DNL outsources all of its products domestically.


source: https://businessmirror.com.ph/dnl-units-...-products/
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