Monthly Archives: February 2016

COMPANY UPDATE: MELCO CROWN PHILIPPINES RESORTS (MCP)

MCP 4Q15 results COMPANY UPDATE: MELCO CROWN PHILIPPINES RESORTS (MCP) PRICE: PHP2.05 4Q15 gaming and non-gaming revenues up significantly on full operation of CoDM; EBITDA at US$15.5m; 4Q EV/EBITDA of 10.5x now closer to domestic peers and also discount to … Continue reading

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DAILY REPORT FOR TUESDAY 23 FEBRUARY 2016

February 23, 2016 HIGHLIGHTS: Personal remittances grow 4.9% in December to US$2.72bn SMPH posts 2015 recurring net income of PhP20.9bn, up 14% ALI to pull out investments from China  

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COMPANY UPDATE: AYALA LAND, INC. (ALI)

ALI 2015 Results COMPANY UPDATE: AYALA LAND, INC. (ALI) PRICE: PhP31.35 2015 net income up 19% to PhP14.8bn on solid property sales and leasing business; share of recurring income rises, premium valuation below five-year average.

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COMPANY UPDATE: Universal Robina Corp (URC) FY1Q16 Results

URC FY1Q16 Results FY1Q16 net income up 47% to PhP4.8bn y-o-y on revenues, consolidation of Griffin’s unit; margins are healthy as stock trades at premium.

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Daily Report for Thursday, 11 February 2016

February 11, 2016 HIGHLIGHTS: Foreign direct investments rise to US$464m in November last year SECB 2015 net income up 7% to PhP7.7bn on interest and fee-based income IMI 2015 net income dips to US$28.8m as revenues slide on weak China, … Continue reading

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COMPANY UPDATE: JOLLIBEE FOODS CORP (JFC) 2015 Results

JFC 4Q15 results 2015 net down 10% on one-time costs related to expansion; may see normalized expenses and return to profit growth in 2016 and beyond.

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Daily Report for Thursday, 4 February 2016

February 4, 2016 HIGHLIGHTS: 8990 and SM-Waltermart joint venture ends VLL completes capital raising needed for 2016 CIC says 2015 sales and profits rises on demand for aircon units CPG and Mitsubishi Corp lays ground work for Forbes Media Tower … Continue reading

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Daily Report for Wednesday, 3 February 2016

February 3, 2016 HIGHLIGHTS: Moody’s forecasts 6.0% GDP growth for Philippines this year EDC wins partial arbitration case against contractor for Bac-Man plant RFM 2015 net income up 9% to record PhP908.4m HOUSE 2015 net income up 22% to PhP4.05bn … Continue reading

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Daily Report for Tuesday, 2 February 2016

February 2, 2016 HIGHLIGHTS: Outstanding loans of commercial banks expands at slower rate in December AP subsidiary’s Davao Baseload Power Unit 2 to operate commercially RLC to launch up to eight projects in 2016 Semiconductor and electronic exports to rise … Continue reading

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