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Makati Coworking Spaces (per Google maps, etc) + 1D Coworking Space, 6539 E.Ramos / 24hrs + 107 Workhub. 107 Exchange corner. / 630pm + A Space Manila, 110 Legaspi St. / 24hrs + Acceler8 (3 loc.) 111 Paseo de Roces / + AltShift Coworking, 7912 Makati Ave. / 9pm + ARCH Off., 131 Tordesillas +Pac.Star / 6?7pm? + AtWorkSpaces, Robinson Sum., Ayala / 24hrs + Bitspace, 6F PDCP Ctr, Leviste/ Ruffino / 7pm ? + Booth & Ptrs. BDO Twr, 8741 Paseo dR. / <6pm ? + Cerebro Labs, Univ.Re, 106 Paseo deR. / 6pm? + Clock-In, Ayala (x2): ANE, Stk.Exch. / 5pm? + CoSY Coworking. 92, Gil Puyat / 24hrs + Common Space, BSA, 103 Palanca / ?? + FlatPlanet Wksp., 196 Salcedo St. / <6pm + Foxhole Bus.Ctr, 1223 Chino Roces / 24hrs? + Impact Hub, LevisteSt, 2285 ChinoR / 6pm + KMC/ Armstrong Cp.Ctr, Dela Costa / 24 hrs + Loft Spaces, AIA Twr. 8767 Pase dR / 6pm + MyOffice, 170 Salcedo St. Legs. / 7pm + O2 Space, RCI Bldg, 105 Rada St. / ?? + One Asia Ctr, 158 Jupiter St. / 7pm + Pondr, Adamson Ctr, Leviste St. / 6pm + Penbrothers, OPL Bldg. Palanca St / ? + Regus : various locations / 24rs? + TOP/ Office Proj. AlphaSalcedo Condo / 10pm + Vibe Makati, Batikan cnr. Chino Roces / 6pm + Warehouse Eight, 2241 Chino Roces / 8pm + WeWork, RCBC Plaza, 6819 Ayala / 6pm + WorkFolk, M1 Tower, Dela Costa St. / 6pm + WRKSPCE, the. 8F, Lepanto Bldg. / 6pm + XentralHub, 126 Leviste St. / ??? ==> a source: https://workplays.ph/coworking-space-manila/

CHECKing... QBO Update... QBO Innovation Hub Located in: DTI International Address: 375 Sen. Gil J. Puyat Ave, Makati, 1209 Metro Manila Hours: Open ⋅ Closes 6 PM “Take Part in the Philippine Startup Ecosystem Engage with a network of entrepreneurs, innovators, and investors” Founding Partners; DTI Phl., Ideaspace, JPMorgan, Community Parters include: AIM, Draper Startup, VentureWell, Ye! > JOIN thru website: https://www.qbo.com.ph/about ( BUT.., the most recent EVENT they show on the Website is Oct.2021! ) === more recently.... QBO teamed up with US Embassy in Aug.2022: Manila, August 26, 2022—On August 19, the U.S. Embassy in the Philippines and QBO Innovation Hub concluded a short course program designed to guide aspiring Filipino entrepreneurs in developing their ideas into tech startups that contribute to achieving UN Sustainable Development Goals (SDGs) in the Philippines. “BOOTQAMP: From Idea to Impact, a Sustainable Development Goals Innovation Challenge” was a 14-week program which trained ten participating teams in concepts related to techno-entrepreneurship, including customer identification, problem-centric ideation, social impact measurement, and the lean startup method. Participants also received one-on-one mentorship from industry specialists and attended virtual workshops facilitated by leading tech experts in the Philippines. “The United States is committed to pursuing SDGs locally and internationally. Last year, we also worked with QBO on incubating Filipino startups working on technological responses to the COVID-19 pandemic,” said U.S. Embassy in the Philippines Deputy Public Engagement Attaché Pauline Anderson. “We are very pleased to continue our partnership to support social impact entrepreneurs delivering on SDGs through technology.” “We are grateful to the U.S. Embassy for entrusting us with this project. This is the first program we conducted that is geared towards supporting startups addressing the SDGs,” said QBO Head of Startup Development Alwyn Joy Rosel. “Our startups worked so hard in validating their products and services, taking into account the learnings and insights they received from their mentors.” > https://ph.usembassy.gov/u-s-embassy-qbo-philippines-support-filipino-startups-towards-achieving-sdgs/

TFHI (85.0) /SMC (103.0)= 85%, BV: P305, 75.77, PER: na, na, Yield: na, 1.36% / PSEI: 6,619 =1.3%, 1.55% ===

ABOITIZ CLUSTER, AEV owns 52% AP, and 50% UBP AEV: 5yr /39.70; AP (37.25, 94%); UBP (39.40, 99%) /BV: 48.39, PER: 9.48, EPS: 4.19, DIV: 1.40, Yield: 3.53% AP: 5yr /37.25; FGEN (19.36, 52%); ACR (0.52, 1.4%): /BV: 25.00, PER: 8.24, EPS: 4.52, DIV: 2.30, Yield: 6.17% === VALUATIONS : ABOITIZ CLUSTER, AEV owns 52% AP, and 50% UBP =TABLE, Bank Metrics Sym: Last : BkVal: %-BV : PER : EPS : Div.: Yield : BDO: 143.6: 96.75: 148.%: 10.10: 13.82 3.00, 2.09% BPI : 125.0: 72.23: 173.%: 11.71: 10.45 3.36, 2.69% CHIB 38.15: 55.80: 68.4% 4.665: 8.20, 2.20, 5.77% EW: P9.11: 29.86: 30.5%: 3.370: 2.70, 0.54, 5.93% MBT: 70.00: 79.33: 88.2%: 7.451: 9.39, 5.21, 7.45% PNB: 19.36 122.98: 15.7%: 1.644: 11.78, 0.00, N/A : RCB: 22.85: 56.86: 40.2%: 4.131: 5.07, 1.01, 4.44% UBP: 41.00: 58.95: 69.6%: 13.40: 3.06, 0.80, 1.95%

ROY: At $5.43, SAND could be the Top ROY pick of early MAY, at 7.1% of UGL ($76.70) ROY: Sand: $5.43, 7.1%; Tfpm: $16.32, 21.3%; Rgld: 122.3, 159%; FNV: 123.3, 161% /UGL $76.7 @5.3.24 SAND ($5.43) to TFPM.to (C$22.28): R-24.4%. SAND ($5.43) to TFPM ($16.32): R-33.3% ==

ROY: At $5.43, SAND could be the Top ROY pick of early MAY, at 7.1% of UGL ($76.70) ROY: Sand: $5.43, 7.1%; Tfpm: $16.32, 21.3%; Rgld: 122.3, 159%; FNV: 123.3, 161% /UGL $76.7 @5.3.24 SAND ($5.43) to TFPM.to (C$22.28): R-24.4%. SAND ($5.43) to TFPM ($16.32): R-33.3% ==

The "Unfavored Two" (VLL and MEG) remain under pressure VLL-etc (1.49) /R0CK: (1.49)= 100%, MEG (1.75, 117%), CDC (0.72, 48.3%); Shng (2.75, 184.5%) Shng (2.75, 184.5%) ===

The "Unfavored Two" (VLL and MEG) remain under pressure VLL-etc (1.49) /R0CK: (1.49)= 100%, MEG (1.75, 117%), CDC (0.72, 48.3%); Shng (2.75, 184.5%) Shng (2.75, 184.5%) ===

NEM-vsGold-etc: $40.66 /UGL-76.70= 53.0%; GOLD-$16.46, 21.5%, GDX-$33.44, 43.6% @ 5.03.24 Analyst: Pr.: BkVal: BoS-HuS= Cs, High-Low: Ave: /Price: Q1-Qtr2: OptVol ARMN $ 4.12: $4.54: (6-0-0-0-0) B 8.74-4.75: $6.78: 165%: 0.09 0.19: NoOp GOLD $16.46 13.36 (13–4–6-0-0) O 26.2- 17.8: 21.59: 131%: 0.25 0.30: 30.% NEM : $40.66 25.06: (9-5-8-2-0) O 54.0-38.3: 47.14: 116%: 0.55 0.67: 32.% AEM : $65.04 39.43: (16-2-1-1-0) B 98.3-57.0: 76.76: 118%: 0.76 0.81: 28.% KGC : $ 6.59: $4.95: (10-1-6-1-1) O 9.78-5.50: $7.97: 121%: 0.06 0.09: 38.% RGLD $122.3: 39.48: (5-1–6-1-0) O 168.- 129.: 151.2: 124%: 0.92 1.09: 28.% FNV : $123.3: 30.26: (3-1-4–1-0) H 175.- 127.: 141.6: 115%: 0.79 0.84: 28.% WPM: $52.69 15.42 (13-1–3-0-0) B 70.0- 40.4: 58.66: 111%: 0.30 0.29: 32.% TFPM: $16.32: $8.99 (10-1-0-0-0) B 23.2-15.0: 18.78: 115%: 0.11 0.11 : 48.% SAND: $ 5.43: $4.79: (9-1-2-0-0) B 11.0- 5.50: $7.54: 139%: 0.02 0.02: 38.% GROY: $ 1.90: $3.58: (5-0-2-0-0) O 5.75- 2.50: $3.56: 187%:-0.01-0.01: 72.% MUX : $11.76: 10.16: (5-0-0-0-0) B 13.5- 10.0: 11.88: 101%: -0.14 -0.11: 66.% MAG : $12.28: $4.92: (9–2-2-0-0) B 17.5-12.53; 14.97: 122%: 0.13 0.12: 44.% CDE : $ 4.88: $2.55: (7-1-1-0-0) B 6.00-4.50: $5.46 112%: -0.01 0.03: 68.% EQX : $ 5.38: $7.68: (7-0–0-4-0) O 8.79-4.93: $7.02 130%: -0.07-0.01: 52.% ====> source: Y-stats:

Aboitiz-led UnionBank sets stock rights offering at P30.57 per share to fuel digital expansion cc

Note, above: xx Lance Gokongwei strengthens commitment to Robinsons Land shareholders with record cash dividend Robinsons Land Corporation (RLC), led by bilyonaryo Lance Gokongwei, has declared its highest ever regular cash dividend per share. The company’s board of directors approved the distribution of over P3.15 billion in regular cash dividends, translating to P0.65 per outstanding common share. RLC : 2yr: Last: 15.20 -0.12 Two-Tier Market, in Phl. Builders : Sym. : Price : B.V. : %BV : PER : Yield: E-Yld : ALI : 27.10: 21.33: 127.%: 16.54: 1.58%: 6.05% SMPH 27.55: 13.72: 201.%: 19.87: 1.26%: 5.03% ==== Ave,2 > : 164%: 18.20: 1.42%: 5.55% RLC : 15.22: 28.00: 54.3%: 6.173: 3.42% 16.2%

Bad investment: Owners of Andrew Tan’s Megaworld, Empire East properties bare construction defects, unjust terms BILYONARYO.COM October 24, 2022 Hundreds of Megaworld and Empire East property owners have signed an online petition demanding action from bilyonaryo Andrew Tan for construction defects and unjust payment terms that have made them regret making the investment. A Facebook group called “Megaworld Pissed Buyers” started a petition on Change.org detailing the litany of problems in Megaworld and Empire East properties. These include leaking ceilings and balconies, long delay in turnover of units, and gaps in documentation and financing. > https://bilyonaryo.com/2022/10/24/bad-investment-owners-of-andrew-tans-megaworld-empire-east-properties-bare-construction-defects-unjust-terms/business/

Take out the Magnificent 7, and the SPX has gone sideways SPX vs. IWM, PSEI: PSEI is even "less Magnificent" than the IWM/ Russell 2000 ===

MAJOR PROPERTY PAIR = Back to "Parity" - possible Pairs Trade? SMPH (27.55, 0.41%) vs. ALI (27.10, 0.41%), / PSEI-6,633. > 2017: 2018: 2020: Ytd: 2017: Timing ALI : SMPH : A-toS : /Psei : A% , S % : ye’19 : 45.50: 42.10 : 108.%: 7,815 : .58%, .54% : ye’20 : 40.90: 38.50: 106.%: 7,140 : .57%, .54% : ye’21 : 35.65: 35.50: 100.%: 7,335: .49%, .48% : ye’22 : 30.80: 35.50: 86.8%: 6,566: .47%, .54% : ye’23 : 34.45: 32.90: 105.%: 6,450: .53%, .51% : 05.02.: 27.10 : 27.55: 98.4%: 6,633: .41%, .42% : ===== Two-Tier Market, in Phl. Builders : Sym. : Price : B.V. : %BV : PER : Yield: E-Yld : ALI : 27.10: 21.33: 127.%: 16.54: 1.58%: 6.05% SMPH 27.55: 13.72: 201.%: 19.87: 1.26%: 5.03% ==== Ave,2 > : 164%: 18.20: 1.42%: 5.55% RLC : 15.22: 28.00: 54.3%: 6.173: 3.42% 16.2% MEG : P1.77 : P7.30: 24.2%: 3.176: 3.73% 31.5% SHNG P3.68: P9.31: 39.5%: 2.631: 7.87% 38.0% ROCK P1.53: P5.28: 29.0%: 3.001: 4.92% 33.3% VLL : P1.46: 10.46: 14.0%: 1.987: 4.25% 50.3% FLI : P0.74: P3.81: 19.4%: 4.765: 6.76% 21.0% CLI : P2.70: P4.75: 56.8%: 2.616: 6.67% 38.2% CDC : P0.72: P1.73: 41.6%: 4.283: 4.00% 23.3% ==== Ave,8 > : 34.9% 3.579: 5.20% 31.5% ==== Ave,10 > : 60.7% 6.50: 3.28% 26.3% SHNG "uber alles" (including Beating > ALI, SMPH) MEG (1.77) vs. SHNG (3.68) : -1.91, R-48%. Can anything catch up with the Div. Winner? (SHNG) === MEG / Mar. 2023 article - targeted a PER of 5.8. (now 3.18x), and at 5.8x xx = xx Financial Adviser: 5 Things to Know About Andrew Tan's Megaworld Corporation and How to Profit from It A close look at MEG.... "This year, MEG’s stock price continued to weaken after being removed from the PSE Index last February. The removal of MEG from the index could result in decreased demand for the stock. ... MEG's stock price has fallen to its lowest level in 52 weeks, reaching P1.98 per share. If selling pressure persists, the stock could decline even further to its pandemic low in 2020, which was P1.86 per share"

Barrick Gold sees slightly slower production as higher gold price drives a 143% increase in Q1 earnings (Kitco News) - Higher gold prices in the first quarter of 2024 continue to drive profits as Barrick Gold (NYSE: GOLD, TSX: ABX), reported slightly weaker gold production in the first quarter but said it was still on track to meet its annual target. May 01, 2024 - 9:06 AM

In addition to big positions in most of the Phl. REIT stocks, I own all of these... MEG-etc (1.78) etc., can follow SHNG (3.65) > updated: 5.2.24 : old. 1.5.24 : MEG was 2.05. SHNG was 3.61

"People are pulling back on buying cheap Fast food" MCD ($273) - does not look so cheap vs. these PHL. Restaurant chains./ (R: 245.73 to 302.39 ) It is the WAGE costs, which are rising faster (in the US) than menu prices, so higher sales don't mean higher prices FAST FOOD TROUBLE! Even McDonalds IS SUFFERING! You know the economy is not great when even McDonald's is starting to complain that business is not up to par. They released a statement on Tuesday this week about how the economy is weaker than anticipated and sales are dropping.

MAXS may be in a Buying Window... MAXS: since xx: Ytd: 10d. : P 3.17 +0.01 MAXS Group is cheap enough to BUY imho. < P3.20. Look at these metrics... P3.17, BV: 6.87, PER: 5.083, EPS: 0.624, Div: 0.169, Yield: 5.33%. I own it now. My average cost is near P3.50. So you can get it cheaper than me now. Haha. Again, no gtee you will make money.

ARMN at $4.06 (Fri) as wtB expire: C$5.56 ($4.064) -2.21= C$3.35 / 1.368 = US$2.448 ===

Reviewing the WINNERS & LOSERS of 2023-24: Since Jan.2022, GLD/ Gold has massively outperformed PSEI, TLT, and Reits (like RCR) ==== : ye’20 : ye'21 : ye'22 : ye'23 : Apr25 : '21>'24 Gold : 1,877. : 1,828.: 1,828.: 2,063.: 2,332.: +27.6% GLD : 178.36: 170.96: 169.64: 191.17: 216.62: +27.7% TLT : 157.70: 148.20: 99.56: 98.88: 88.24: -40.5% PSEI : 7,140.: 7,335.: 6,556.: 6,450.: 6,629.: -9.63% RCR : N / A : P7.60 : P5.85 : P4.89 : P5.14 : -30.4% ==== : EXPECTED RETURNS in Property (REVISITED) Investment: “Expected” : Notes Buy-Build-Sell: 30%+: what Risks? Builder Stocks: 25%+: Per PER=4.0* Stock Trades : 13%+: +PSEI gains Land (lots?). : 10% ?: Long term? REITS, phil. : 8% +: +Cap.Gains 2nd-H.Bargain: 6% +: Mgmt. Issues New Condos. : 3% +: +Cap.Gains ( This was a jumping-off point for the discussion That I led on Sat. morning, Oct. 20th.) TRADE SELECTION: A very brief SUMMARY of my technique: I aim to utilize ALL of the following in my trade selections: + I prefer LOW PER stocks, like <5x + I prefer HIGH DIV Yield stocks, 4% and up + I prefer to BUY BELOW BOOK Value, + I want to see Leverage falling, as Total Borrowing declines and Shareholder equity is rising + I want a chart which shows signs of a bottoming process being underway, rather than a “falling knife” Since Oct.'23, RESULTS were Great! : My Portfolio up +52.6% vs. 11% for PSEI WATCH Portfolio, 10.31.23/ 4.26.24 Mvalue APX. 2.58 40,816: 105,305/ 3.39 138,366 BEL. 1.18 86,957: 102,609/ 1.98 172,175 FILRT 3.00 33,557: 100,671/ 2.70 90,604 LTG 8.85 11,123: 98,439/ 9.90 110,118 MAXS 4.00 25,062: 100,248/ 3.13 78,444 Mreit 12.18 8,210: 99,998/ 13.0 106,730 RCI .460 196.08k 90,197/ 2.62 513,730 ROCK 1.32 71,429: 94,286/ 1.47 105,001 VLL. 1.60 59,880: 95,808/ 1.53 91,616 ====. ====. 887.6K/ ==== 1406.8k Cash* ==== ==== 100.0K/ ==== 100.0k Watch ==== ==== 987.6K/ 1506.8k +52.6% Vs. PSEI 5,974. 6,629. +11.0% ======

Update, INFRA and Tony Teo's companies. Green and ANI, xx ANI-etc : P0.59, / GREEN: P0.24 = 246% from 2018: Sym: Last : BkVal.: PER : EPS : Div., Div.Y% ( Range ) INFRA P0.51, 39.55, 0.931x 0.540: 0.000, N / A ( 0.42- 0.88 ) GREEN P0.24, P0.97, N / A -0.010: 0.000, N / A ( .205- 1.39 ) ANI : P0.59, P4.46, N / A -0.010: 0.000, N / A ( 0.45- 7.60 ) == INFRA: x

UROY /Uranium Royalties (2.27)=URC (3.12) / CCJ (49.16)=4.62%, URA (29.18), uroy.wt (x) Ratio: UROY (2.27) /CCJ (49.16)=4.62% x

MARC's bottom may be in place, near 0.75 MARC, Last 0.85 ===

CDC : 0.70, / BV: 1.73 =40.5%, PER: 4.164, EPS: 0.168, Div.: 0.029, Yield: 4.11% LAND: 0.80, / BV: 1.75 =45.7%, PER: 8.105, EPS: 0.099, Div.: 0.087, Yield: 10.9% CDC vs.LAND : 0.70 / 0.80= 87.5%

ARIS Mining has been a solid winner. One of the very few Gold miners able to keep up with UGL (2x Gold) and even beat it! ARIS.t (C$5.38) / UGL ($78.13)= 6.89%, Gdxj ($41) .. 5.5/86= 6.4%. 2020: '22: My largest position, though I am downsizing a bit now, at these levels. The expiration of WtB on Friday, may clean out some of the stale longs in the wts., who don't want to exercise, paying C$2.21 per warrant B. Last chart of WtB here maybe? wtB: w/o trendlines ===