A director at Ayala Land Inc bought 385,000 shares at 26.437PHP and the significance rating of the trade was 78/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clear...
AYALA LAND (PH), a company active in the Real Estate Holding & Development industry, is favoured by a more supportive environment. The independent financial analyst theScreener has confirmed the fundamental rating of the title, which shows 4 out of 4 stars, as well as its unchanged, moderately risky market behaviour. The title leverages a more favourable environment and raises its general evaluation to Slightly Positive. As of the analysis date February 11, 2022, the closing price was PHP 37.15 ...
Synergy Grid & Development Phils (SGP) aims to raise up to US$350m in its Philippines (Phil) IPO. The company has been listed on the Phil Stock Exchange (PSE) for over a decade but has been more of an empty shell for most of its listed history. SGP’s two main shareholders, Henry Sy, Jr and Robert G. Coyiuto, recently entered into a share swap agreement leading to SGP indirectly controlling over 60% of National Grid Corporation of the Philippines (NGCP). SGP now aims to list at least 20% of its...
MREIT, sponsored by Megaworld, aims to raise up to US$475m in its Philippines listing. It will be a 100% secondary shares offering. MREIT’s initial portfolio will consist of 10 PEZA-accredited Grade A commercial assets, located in Metro Manila, primarily in Taguig City and Quezon City, and Iloilo City, outside of Metro Manila. We have looked at various aspects of the REIT in our previous notes: MREIT Pre-IPO - Mediocre performance, convoluted lease, low asset yield RL Commercial REIT and M...
RL Commercial REIT (RREIT), sponsored by Robinsons Land Corporation (RLC), aims to raise up to US$484m in its Philippines listing. It will be a 100% secondary shares offering, where the Sponsor will be selling part of its stake. RREIT is a commercial REIT and its initial portfolio will consist of 14 PEZA-accredited commercial real estate properties located in CBDs across Metro Manila and key cities outside Metro Manila, namely, Naga, Tarlac, Cebu and Davao. We have looked at various aspects...
RL Commercial REIT (RREIT), sponsored by Robinsons Land Corporation (RLC), aims to raise up to US$491m in its Philippines listing. In addition, MREIT, sponsored by Megaworld, aims to raise up to US$540m in its Philippines listing. Both will be a 100% secondary shares offering. We have looked at both the REITs individually in our earlier notes: RL Commercial REIT Pre-IPO - Motley crew of assets has weathered COVID well MREIT Pre-IPO - Mediocre performance, convoluted lease, low asset yield ...
MREIT, sponsored by Megaworld, aims to raise up to US$540m in its Philippines listing. It will be a 100% secondary shares offering. MREIT’s initial portfolio will consist of 10 PEZA-accredited Grade A commercial assets, located in Metro Manila, primarily in Taguig City and Quezon City, and Iloilo City, outside of Metro Manila. The portfolio will have a total GLA of 224,430.8 sqm and was valued at PHP49.3bn as of Mar 21. The Properties had 93.2% portfolio occupancy as at 9M21 (fiscal year en...
RL Commercial REIT (RREIT), sponsored by Robinsons Land Corporation (RLC), aims to raise up to US$491m in its Philippines listing. It will be a 100% secondary shares offering, where the Sponsor will be selling part of its stake. RREIT is a commercial REIT and its initial portfolio will consist of 14 PEZA-accredited commercial real estate properties located in CBDs across Metro Manila and key cities outside Metro Manila, namely, Naga, Tarlac, Cebu and Davao. The properties will have a total ...
Full Article at IIR has reaffirmed its Recommended rating for PIA after undertaking a review post the appointment of a new Portfolio Manager, Harding Loevner. The full report can be found on the IIR website. On 26 July 2021, Pengana International Equities Limited (PIA) announced a fully franked dividend of 1.35 cents per share for the June quarter. This represents an 8% increase on the March quarter dividend and takes the total dividends declared for FY21 of 5.1 cents per share, fully franked....
Filinvest REIT (FREIT), a subsidiary of Filinvest, aims to raise up to US$240m in its Philippines listing. FREIT’s initial property portfolio consists of 16 office towers located in Northgate Cyberzone, Alabang, and one office tower in Cebu City with an aggregate office space GLA of 299,158 sqm and 2,204 sqm of retail GLA. The portfolio will have a weighted average lease expiry (WALE) of 3.8 years with an occupancy of 89.7% as of Mar 2021. The Properties were valued at PHP48,547.4m (US$965m). ...
Filinvest REIT (FREIT), a subsidiary of Filinvest, aims to raise up to US$240m in its Philippines listing. FREIT’s initial property portfolio consists of 16 office towers located in Northgate Cyberzone, Alabang, and one office tower in Cebu City with an aggregate office space GLA of 299,158 sqm and 2,204 sqm of retail GLA. The portfolio will have a weighted average lease expiry (WALE) of 3.8 years with an occupancy of 89.7% as of Mar 2021. The Properties were valued at PHP48,547.4m (US$965m). ...
DDMP REIT (DDMPR), a subsidiary of DoubleDragon Properties Corp (DDP), aims to raise up to US$275m in its Philippines listing. DDMPR will be the second REIT listing in the Philippines. DDMPR’s investment strategy is to invest in income-generating real estate located in either Metro Manila or key provinces in the Philippines. It aims to acquire primarily Grade A commercial properties, but may acquire other related real estate as well. It will have an initial portfolio of three commercial buildi...
DDMP REIT (DDMPR), a subsidiary of DoubleDragon Properties Corp (DDP), aims to raise up to US$300 in its Philippines listing. DDMPR will be the second REIT listing in the Philippines. DDMPR’s investment strategy is to invest in income-generating real estate located in either Metro Manila or key provinces in the Philippines. It aims to acquire primarily Grade A commercial properties, but may acquire other related real estate as well. It will have an initial portfolio of three commercial buildin...
DDMP REIT (DDMPR), a subsidiary of DoubleDragon Properties Corp (DDP), aims to raise up to US$300 in its Philippines listing. DDMPR will be the second REIT listing in the Philippines. DDMPR’s investment strategy is to invest in income-generating real estate located in either Metro Manila or key provinces in the Philippines. It aims to acquire primarily Grade A commercial properties, but may acquire other related real estate as well. It will have an initial portfolio of three commercial buildin...
AREIT, a subsidiary of Ayala Land, aims to raise up to US$270 in its Philippines listing. AREIT will be the first REIT listing for the Philippines. AREIT’s investment strategy is to invest in income-generating real estate located in either Metro Manila, key provinces in the Philippines, or other attractive locations. It aims to acquire properties with a primary focus on commercial properties, but may be related to other types of real estate as well like retail, residential, hospitality, indus...
AREIT, a subsidiary of Ayala Land, aims to raise up to US$270 in its Philippines listing. AREIT will be the first REIT listing for the Philippines. AREIT’s investment strategy is to invest in income-generating real estate located in either Metro Manila, key provinces in the Philippines, or other attractive locations. It aims to acquire properties with a primary focus on commercial properties, but may be related to other types of real estate as well like retail, residential, hospitality, indus...
Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind...
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