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drbubb

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  1. PRECIOUS Decade: Metals, Stocks & the Long View

    in NEWS Commentary, 2021 & Beyond

    Posted

    SHOCKING: a $2 Trillion deficit.  Ruinous to the US economy and markets probably. RECESSION Ahead?

    2rhVL3k.png

    THIS is a good interview. Steph says so much of value in relatively few words - a Must Listen : 

    Stephanie Pomboy: The Fed ‘Manufactured Data’ Ignores The Buried American Workers   

    https://rumble.com/v3fd482-stephanie-pomboy-the-fed-manufactured-data-ignores-the-buried-american-work.html

    She says: "We are at a Turning point, about to Tip over into Recession." 

    "Big Question is : Why does the Fed rely on flawed data?"  "The cure for ALL of this, is to go back to the policies of Trump... High inflation for over regulation at rising oil.." Is NOT EASY to fix, with Biden's policies in place.

  2. Gaming Capital? POGOs & Transformation of Manila & PH

    in Makati Prime.com's Philippines Forum

    Posted

    BEL restored its DIV at P0.06 in Mar.   
    That is 4.92% Yield on BEL's P1.22 price.

    BEL (1.22) versus PLC (0.61) - and  PSEI (6,176). ratio-2.00x,  vs. YE-2022: 1.22 / 0.475 = r-2.57

    2VFyTf6.gif

    My calc shows :  24.9B PLC shs. x 0.05 = 1.245B received, / 9.76B
    = worth 0.127 incoming PLC divs per BEL share.  
    BEL can easily Double its dividend.
    Since BEL has other earning assets.
    (Pls feel free to FactCheck my #)

  3. Philippine REITS & Div. Yields

    in Makati Prime.com's Philippines Forum

    Posted

    DDMPR - DDMP REIT : P 1.34 +0.04, vol. 4.2M (DD:7.25)

    EowKggd.gif

    DD : 3yr: 7.25 ( Range: 5.50 to 8.19 )

    qNustR9.gif

    C06443: DDMP REIT press release - 1.     Aug. 16th

    "Today: 15,100 square meters or 1.51 Hectares of New Office Space Lease"

    The new office space lease take up is expected to form part of the goal of DDMP REIT Inc to achieve 95% occupancy by the end of 2023 Today, August 17, 2023 DDMP REIT Inc receives payment of P55.26 million as rental deposits for 15,100 square meters or 1.51 hectares of new office space lease with total lease value of P798.81 million. The new office space lease take up is expected to form part of the goal of DDMP REIT Inc to achieve 95% occupancy by the end of 2023.

    DoubleDragon Plaza at DD Meridian Park is positioned as a mini central business district (CBD) in the Bay area given its prime landmark double corner location of EDSA, Roxas Boulevard and Macapagal Avenue in the Bay Area, Pasay City, Metro Manila. DoubleDragon Plaza is LEED Gold certified and currently houses two government agency headquarters namely PEZA (Philippine Economic Zone Authority) and TIEZA (Tourism Infrastructure Economic Zone Authority) and expects to soon welcome an additional third government agency to relocate their headquarters in the complex, in addition to many private corporate head offices in the complex.

    DoubleDragon Plaza at DD Meridian Park as a complex brings undeniable advantage to a variety of office tenants whether corporations, government agencies or BPO companies, given its very prime landmark location with various top food chain brands in the Ground Floor such as Jollibee, Mang Inasal and many others.

    DD Meridian Park is like a mini-CBD in the Bay Area being the only complex in the area that has 8 commercial banks (Landbank, RCBC, PNB, BPI, AUB, Unionbank, Chinabank, and BDO) making it uniquely convenient for office tenants to complete their banking transactions all within their proximity. These dining and banking options are further complemented by a full-sized supermarket, MerryMart Grocery, located at the Ground Floor of DoubleDragon Plaza. The complex also houses thousands of parking slots, with a separate conveniently located large parking area at the basement solely dedicated for outside customers who visit DD Meridian Park either for business meetings or leisure.

  4. ETHE, Ethereum at a Discount. +HIVE, RIOT (Miners)

    in Gold, FX, Stocks / Diaries & Blogs

    Posted

    CRY3:  BTC: $25,760, Riot ($11.04, 42.9ks), Mara ($12.00, 46.6ks), Hive ($3.47, 13.5ks)
    EO0kjqB.gif
     
    BlackRock is a major shareholder in 4 of the 5 largest Bitcoin miners
    BlackRock (NYSE: BLK) — one of the largest investment companies in the world — is positioning itself in the Bitcoin (BTC) mining industry.     Aug 28, 2023 

    BlackRock (NYSE: BLK) — one of the largest investment companies in the world — is positioning itself in the Bitcoin (BTC) mining industry. The investment giant is already the second-largest shareholder in four out of the five biggest Bitcoin miners by market capitalization.

    According to the CompaniesMarketCap Index, the five largest Bitcoin miners sum up to $5.4 billion in market capitalization, and have registered massive losses in the last 30 days:

    1. Riot Platforms Inc. (NASDAQ:RIOT):                      $1.92 billion market cap
    2. Marathon Digital Holdings Inc (NASDAQ:MARA): $1.83 billion market cap
    3. Cipher Mining Inc (NASDAQ:CIFR):                       $0.74 billion market cap
    4. Hut 8 Mining Corp (NASDAQ:HUT):                      $0.50 billion market cap
    5. Terawulf Inc (NASDAQ:WULF):                              $0.41 billion market cap

    ... Interestingly, the struggles for small and medium miners can also pose an opportunity for larger companies with easier access to capital, that are able to survive and grow in challenging times. An opportunity that seems to have been spotted by BlackRock, which continues to increase its position as a major shareholder among the largest four mining companies in the United States.

    > https://finbold.com/blackrock-is-a-major-shareholder-in-4-of-the-5-largest-bitcoin-miners/
    compare:
           Hive (NASDAQ:HIVE):  $3.47 x 85.6M*                    $0.30 billion market cap

    Data retrieved by Finbold from CNN shows that BlackRock Fund Advisors increased their position in these Bitcoin miners on June 30, consolidating their second place as the largest shareholders position, as follows:

    1. RIOT:   10,749,369 shares (6.14%), for a total value of $199.08 million (at $18.52);
    2. MARA: 10,938,032 shares (6.44%), for a total value of $190 million.    (at $17.37);
    3. CIFR:    2,200,654 shares (0.88%), for a total value of $8.36 million.    (at $ 3.80);
    4. WULF:  4,831,312 shares (2.28%), for a total value of $14.10 million.    (at $ 2.92)

    Notably, the built position suming to a total value of around $411.54 million, equals to a small share of 0.35% of the $117.6 billion in assets that BlackRock holds, as reported in 2022.

    This current position also makes the BlackRock Funds Advisors a major member of the Bitcoin Mining Council, a lobbying group for the Bitcoin mining industry in the US.

    ===
    * Blackrock had shares in HIVE too.  But reduced its holdings by 200k shares ...
    From 282k shares (worth $406k at ye'22) to 82k shs ($381k at $4.63, 6.30.23)
    > source: https://stockzoa.com/ticker/hive/ownership/blackrock/
     

  6. Property-based stocks: SHNG, POPI, LAND etc

    in Makati Prime.com's Philippines Forum

    Posted

    ROCK-etc: 1.35,-VLL: 1.64: (P0.29), 93.8% FLI 0.56=34.1% VLL, at 12.18.23

    Previous   : 1.50,-VLL: 1.60: (P0.10), 93.8% FLI 0.65=40.6% VLL

    SVK6jmt.gif

    LOW PER stock Builders look attractive. May follow SHNG higher

    MEG discount to SHNG stays Large, at -P1.59 discount.

    Low PERs suggest room for big DIV. rises in all these stocks

    MEG-etc.:2.02-SHNG:3.61:-P1.59, 56.0% CPG 0.34=16.8% MEG

    ENgU8OB.gif

    Stock : Last: Bk.V.: %BV: PER:  E.Yld : D.Yld : Div.%: LastD: ex-Dv
    MEG. : 2.01 : 6.64: 30.3% 4.06: 24.6% 3.06% 12.4%: .0614 : Oct’22
    SHNG: 3.61 : 8.43: 42.8% 4.00: 25.0% 8.02% 32.1%: .1344 : 09.07
    CPG. : .340 : 1.85 : 18.4%: 5.45: 18.3% 3.56%: 19.5%: .0061 : 09.28
    ROCK:  1.50 : 4.16: 36.1%: 3.59:  27.9% 5.01%: 18.0%: .0752 : 08.17
    VLL.  :  1.60 : 9.07:  17.6%: 2.62: 38.2% 1.83%: 4.79% .0292: Oct’22
    FLI.   :  .650 : 3.69: 17.6%:  5.13: 19.5%  5.45% 27.0%. .0360: 05.09
    ALCO: .495 : 1.90 : 26.1%: 4.56: 21.9% 2.42%:  11.1%. .0120:   07.12
    ==  Average of 7 : 27.0% 4.20=23.8% 4.19% 17.6% =====
    ALHI:   5..98 : 8.83: 67.7%:  12.5: 8.00% 0.50% 6.25% .0300: 05.29

  7. MANILA Property Price Databank

    in Makati Prime.com's Philippines Forum

    Posted

    LOW PER stock Builders look attractive. May follow SHNG

    MEG discount to SHNG stays Large, at -P1.59 discount

    Low PER suggests room for DIV. rises

    MEG:2.02-SHNG:3.61: (P1.59), 56.0% CPG 0.34=16.8% Meg

    vZ7RseH.gif

    Stock : Last: Bk.V.: %BV : PER: E.Yld : D.Yld : Div.%: LastD: ex-Dv
    MEG. : 2.01 : 6.64: 30.3%: 4.06: 24.6% 3.06% 12.4% .0614 : Oct’22
    SHNG: 3.61 : 8.43: 42.8%: 4.00: 25.0% 8.02% 32.1%: .1344 : 09.07
    CPG. : .340 : 1.85: 18.4%: 5.45: 18.3% 3.56%: 19.5%: .0061 : 09.28
    ROCK: 1.50 : 4.16: 36.1%: 3.59:  27.9% 5.01%: 18.0%: .0752 : 08.17
    VLL.  :  1.60 : 9.07: 17.6%: 2.62: 38.2% 1.83%: 4.79% .0292: Oct’22
    FLI.   :  .650 : 3.69: 17.6%: 5.13: 19.5%  5.45% 27.0%. .0360: 05.09
    ALCO: .495 : 1.90 : 26.1%: 4.56: 21.9% 2.42%: 11.1%. .0120:  07.12
    ==  Average of 7 : 27.0% 4.20=23.8% 4.19% 17.6% =====
    ALHI:   5..98 : 8.83: 67.7%:  12.5: 8.00% 0.50% 6.25% .0300: 05.29

  8. Philippine REITS & Div. Yields

    in Makati Prime.com's Philippines Forum

    Posted

    LOW PER stock Builders look attractive. May follow SHNG higher

    MEG discount to SHNG stays Large, at -P1.59 discount.

    Low PERs suggest room for big DIV. rises in all these stocks

    MEG-etc.:2.02-SHNG:3.61:-P1.59, 56.0% CPG 0.34=16.8% MEG

    ENgU8OB.gif

    ROCK-etc: 1.50,-VLL: 1.60: (P0.10), 93.8% FLI 0.65=40.6% VLL

    EGOQTvK.gif

    Stock : Last: Bk.V.: %BV: PER: E.Yld : D.Yld : Div.%: LastD: ex-Dv
    MEG. : 2.01 : 6.64: 30.3% 4.06: 24.6% 3.06% 12.4% .0614 : Oct’22
    SHNG: 3.61 : 8.43: 42.8% 4.00: 25.0% 8.02% 32.1%: .1344 : 09.07
    CPG. : .340 : 1.85: 18.4%: 5.45: 18.3% 3.56%: 19.5%: .0061 : 09.28
    ROCK: 1.50 : 4.16: 36.1%: 3.59:  27.9% 5.01%: 18.0%: .0752 : 08.17
    VLL.  :  1.60 : 9.07: 17.6%: 2.62: 38.2% 1.83%: 4.79% .0292: Oct’22
    FLI.   :  .650 : 3.69: 17.6%: 5.13: 19.5%  5.45% 27.0%. .0360: 05.09
    ALCO: .495 : 1.90 : 26.1%: 4.56: 21.9% 2.42%: 11.1%. .0120:  07.12
    ==  Average of 7 : 27.0% 4.20=23.8% 4.19% 17.6% =====
    ALHI:   5..98 : 8.83: 67.7%:  12.5: 8.00% 0.50% 6.25% .0300: 05.29

  9. Megaworld and AGI (parent) thread

    in Makati Prime.com's Philippines Forum

    Posted

    LOW PER stock Builders look attractive. May follow SHNG higher

    MEG discount to SHNG stays Large, at -P1.59 discount.

    Low PERs suggest room for big DIV. rises in all these stocks

    MEG-etc.:2.02-SHNG:3.61:-P1.59, 56.0% CPG 0.34=16.8% MEG

    ENgU8OB.gif

    ROCK-etc: 1.50,-VLL: 1.60: (P0.10), 93.8% FLI 0.65=40.6% VLL

    EGOQTvK.gif

    Stock : Last: Bk.V.: %BV: PER: E.Yld : D.Yld : Div.%: LastD: ex-Dv
    MEG. : 2.01 : 6.64: 30.3% 4.06: 24.6% 3.06% 12.4% .0614 : Oct’22
    SHNG: 3.61 : 8.43: 42.8% 4.00: 25.0% 8.02% 32.1%: .1344 : 09.07
    CPG. : .340 : 1.85: 18.4%: 5.45: 18.3% 3.56%: 19.5%: .0061 : 09.28
    ROCK: 1.50 : 4.16: 36.1%: 3.59:  27.9% 5.01%: 18.0%: .0752 : 08.17
    VLL.  :  1.60 : 9.07: 17.6%: 2.62: 38.2% 1.83%: 4.79% .0292: Oct’22
    FLI.   :  .650 : 3.69: 17.6%: 5.13: 19.5%  5.45% 27.0%. .0360: 05.09
    ALCO: .495 : 1.90 : 26.1%: 4.56: 21.9% 2.42%: 11.1%. .0120:  07.12
    ==  Average of 7 : 27.0% 4.20=23.8% 4.19% 17.6% =====
    ALHI:   5..98 : 8.83: 67.7%: 12.5: 8.00% 0.50% 6.25% .030 : 05.29

  10. Gaming Capital? POGOs & Transformation of Manila & PH

    in Makati Prime.com's Philippines Forum

    Posted

    BEL (1.22) owns about 80% of PLC (0.61)

    BEL is lagging PLC; getting cheaper.  If ratio was 2.57 again, BEL would be P1.62.

    BEL: P1.24, Compare: NAV: 3.62 (34.3%, vs. 39.4% of 3.10, ye'21) :

    Liquid NAV: 2.08 (59.6%, vs 75.8%, of 1.61)

    BEL (1.24) / PLC (0.63) = ratio-1.96x,  vs. YE-2022: 1.22 / 0.475 = r-2.57

    5sRDBzF.gif

    BEL (1.22) owns 79.8% of PLC (0.61) - PLC holdings are worth P1.556,  127.6% of BEL MktCap

    WWJMSwl.gif

    BELLE Corp. Investments.                               9.3.23. Value:    Ye'22 : Value:
    PLC  : Prem. Leisure Corp: 79.78% : 24.9B x0.63= 15.69B / 0.475: 11.83B
    LOTO: Pacific Online Sys. : 50.10% : .449B x4.00=  1.80B  / 1.650:   0.74B
    APC  : APC Grp, .021 BkV : 48.80% :  3.7 B x.255=  0.94B / 0.260:  0.96B
    Smph: SM Prime Hldgs.    : < 1%.    : 61.8M x30.0=  1.85 B / 35.50:  2.19B
    ====  Four Traded Co’s. : ===== :  ====  ===  = 20.28B /. === : 15.72B
    ====  (at 9.3.23 )             : 20.28B  / 9.76= P2.08 / BEL sh / P1.61 :
    =                    change from.  :                                +40.5% in 1 yr. / +29.2%
    ====  ( at 9.7.22):             : 14.43B  / 9.76= P1.48 / BEL sh.

    BEL : Belle Corp.              :  100%.  : 9.76B  x1.24 = 11.61 B / P1.22 at ye'22
    * PLC pays .0502 div.  x 24.9B = P2.00B
    Other investments
    + City of Dreams Resort :
    + LAND for development
    + Premium Leisure amusements
    + Tagaytay Club shares
    ================  = value: 16.B ?
    - Debt Outstanding ??
    - Total NAV, ye'22:  3.49 x 9.76B = 34.1B : Ye'21: 3.10 x 9.76B = 30.2B

  11. PRECIOUS Decade: Metals, Stocks & the Long View

    in NEWS Commentary, 2021 & Beyond

    Posted

    ANOTHER VIEW:

    Philippine Stocks Wipe Out $20 Billion in Value as Growth Slows

    1200x799.jpg

    > https://www.bloomberg.com/news/articles/2023-09-01/philippine-stocks-wipe-out-20-billion-in-value-as-growth-slows#xj4y7vzkg

    (from Viber chat):

    Every start of the year, and I believe without fail, local stock analysts have habitually forecasted new PSEI record highs. And yet in early 2018, my forecast was a “multi-year bear market” for PSEI (see screen shot below).

    And true enough, since that forecast, PSEI peaked and never made any new record highs.  On the contrary, it had proceeded to more lows from the high of February 2018.   That was in line with the rolling over from a bullish global picture    (which started in 1982) into a more challenging environment leading to a bearish 2020 globally as COVID gripped the world starting Nov. 2019.

  12. PRECIOUS Decade: Metals, Stocks & the Long View

    in NEWS Commentary, 2021 & Beyond

    Posted

    PSEI may be have made a Cyclical Low (about 6,142)

    v9NH0Ly.png

    Compare: SPX: 4,516, UKX: 7,465 1.65x, PSEI: 6,181 1.37x

    Vwj55VJ.gif

    PSEC-to SPX ratio: 6,181 / 4,516 =r-1.37x - New Low!

    rHtnSL9.png

    "My Bearish friends may Not agree with this assessment, but I think it is possible that we have seen an important Cyclical LOW in PSEI this past week near 6,150 ( a little below the "about 6,200" support level, that I had identified.). A break of the trend line I show above may still happen.  But if we get a good rally from here, it may bring a multi-week or eve multi-month Rally.  Possibly driven by slow inflation, and some decline in US and PHL interest rates."

    - From my Markets Chat on Viber

  13. PRECIOUS Decade: Metals, Stocks & the Long View

    in NEWS Commentary, 2021 & Beyond

    Posted

    F/T CYCLICAL INDICATOR - Identifying Highs (H). Next in Jan'24?

    F/Y w/VIX: VIX-etc: '23: 10d: (VIX: 13.75, FAZ: 11.37, TZA: 19.87 at 2.23.24)

    EXcQqJh.gif

    13.09 ( 12.73 to 34.88): R-22.15 pts, 1.6%, 9.6.23

    O6ExaKd.gif

    F-T: FZA: 17.71 (15.14 to 31.74), TZA: 25.07 (21.98 to 47.87)

    fRbwl8V.gif

    SPX: 9.01.23: 4,516 (R: 3,492 to 4,607: +1,115 pts); 92%

    ow8Hj2N.gif

    ==

    LOOKING BACK - from prior page...

    The melt-up is underway. Gold & silver poised for some catch-up.

    My 2021 targets are gold $2500, silver $45-$50, GDX $60, GDXJ $100, SIL $75 & SILJ $35. Big upside ahead."

    > https://twitter.com/DaveHcontrarian : DanPopescu:  MacroAlf: Kobeissi:

    Updated: Gold:$1980, GLD:$184 (/10.76), UGL:$64, AGQ:$27, SLV:$21, GDX:$30.6 ETC:

    iPNVRcX.gif

    STOCKS: BULLISH Set-up for 2023. update: SPX: 3,999 (12 mo: 3,492-4,665)

    EARLY 2023 SET-UP: "Bullish set-up now for US stocks: Possible Reverse Head-and-Shoulders, with downtrend about to break.  Bearish sentiment, with BIG CASH on the sidelines" - Comment, at 1.13.23

    r94uXmN.gif

    ===

  14. PRECIOUS Decade: Metals, Stocks & the Long View

    in NEWS Commentary, 2021 & Beyond

    Posted

    SELLING WINDOW AHEAD?   QQQ Below: 2023:

    eiUMTRc.gif

    image.png

     I have been waiting for this Seasonal opportuniity. 

    At the beginning of 2023 I said:  "STOCKS: BULLISH Set-up for 2023.." (SPX: 3,999, now 12.7% higher at 4,508. Ytd, QQQ is up 42.1% from 266 to 378.) Along the way, I resisted - rightly, it turns out - the temptation to get Bearish.  Because I thought stocks could hold uo until late AUG.  We are now in the Timeframe where it could make sense to Sell.  Ideally, the QQQ might continue to Rally to 400 or so.  Current level is 378. So that would be perhaps 6% higher.  It may not get that far, so STAY ALERT NOW. 

    (Given that PSEI is well off its 2023 high of 7,138, Fri's close of 6,181 was -13.5% off that level.  It may make sense to hedge PSEI with QQQ or SPY puts since the downside in the US indices appears much bigger in a global stock market slide, if we see that.)

    - from a post on my Viber market chat, 9.1.2023

    VIX at 13.50 : 2023: 10d:

    image.png

    VIX at 13.50 suggests the level of complacency is very high. And you will see level like that when SPX is putting in a Top

    IWM / Russell-2000 vs. SPX, TLT/ Bonds ... 2000: 2009:

    uzUYCHR.gif

    image.png

  15. PRECIOUS Decade: Metals, Stocks & the Long View

    in NEWS Commentary, 2021 & Beyond

    Posted

    SELLING WINDOW AHEAD?   QQQ Below

    image.png

     I have been waiting for this Seasonal opportiniity.  At the beginning of 2023 I said:  "STOCKS: BULLISH Set-up for 2023.." (SPX: 3,999, now 12.7% higher at 4,508. Ytd, QQQ is up 42.1% from 266 to 378.) Along the way, I resisted - rightly, it turns out - the temptation to get Bearish.  Because I thought stocks could hold uo until late AUG.  We are now in the Timeframe where it could make sense to Sell.  Ideally, the QQQ might continue to Rally to 400 or so.  Current level is 378. So that would be perhaps 6% higher.  It may not get that far, so STAY ALERT NOW.  (Given that PSEI is well off its 2023 high of 7,138, Fri's close of 6,181 was -13.5% off that level.  It may makes sense to hedge PSEI with QQQ or SPY puts since the downside in the US indices appears much bigger in a global stock market slide, if we see that.)

    - from a post on my Viber market chat, 9.1.2023

  16. Philippine REITS & Div. Yields

    in Makati Prime.com's Philippines Forum

    Posted

    RXI calculation, based on 0.730 Div./7.60%= 96.12

    Four Large REITS, 8.31.23
    ==== : Last :  /TLT : PER :  Div.: Yield:  BkVal:  Pr/BV
    MReit : 13.52: 0.142: N/A.: .982: 7.26%: 19.56:  69.1%
    RCR   : P4.86:.0567: N/A.: .391: 8.04%: P5.26:  92.4%
    M/R.  : r-2.78
    AReit : 33.25: 0.343: 16.5: 2.06: 6.20%: 39.81:  83.5%
    Filrt.  : P3.36: 0.034: 14.2: .301:  8.96%: P1.09: 308.%
    Ave4: P96.12<1.003 : == .730E  7.60%: =ave.: 138%
    TLT. : $95.80 : 1.000 : N/A : == : 3.22%:
    TYX. : 42.04 : ==== : === === 4.204%. Prem. 3.42%
    ====

    Recreating RXI:

    RXI idx. Last :   Shs. : Pvalue : Div.: D.pmt.
    MReit : 13.52:  1,800: 24,336 : .982:  1,768
    RCR   : P4.86: 4,800: 23,328 : .391:   1,877
    AReit : 33.25:    750:  24,938 : 2.06:  1,545
    Filrt.  : P3.36:  7,000: 23,520 : .301:  2,107
    ====: 96.12:  1,000 : 96,122: 7.59%: 7,297

     

  19. PHL Sugar Producers, History & Prices

    in Makati Prime.com's Philippines Forum

    Posted

    DOWNTREND could be breaking...  BIG Volume a sign of a Turn?

    RCI : w/ROX:  0.45 +0.02 on 2.3M shs

    gJNA5Eh.gif

    The PER is just unbelievable - at just 1.73x.  But the Income is from WRITING UP property values

    Maybe Mgmt is finally READY to do something about the severe mismatch between PRICE and BOOK VALUE

    RCI VALUATION MATRIX
    ===== YE’20: YE’21: YE’22:  %chg: 8.31.23
    RCI    :  P1.29: P0.65:  P0.47: - 37.7%:  P0.47:
    BkVal.:  P3.38: P3.37:  P3.78: +12.2%: P3.78E
    Pr/BV : 38.2%: 19.3%:  12.4%:  ==== :  12.4% > Low Price to Book!
    Sh.OS 2195M 2222M: 2239M + 0.8%: 2250E
    MkCap.2.83B. 1.44B.  1.05B.:  - 27.1%:  1.05B
    ROX   :  P1.81:  P1.04:  P0.77:  - 26.0%: P0.70:
    x356M: 0.64B. 0.37B.  0.27B.: =====. 0.25B
    % RCI. : 22.8%: 25.7%: 25.7%: =====.  23.8%
    NonRX:  2.18B: 1.07B:  0.78B:  =====.  0.80B
    PerSh. : P0.99: P0.48: P0.35:  =====.  P0.36
    % BkV.: 29.4%: 14.2%:   9.2%:  =====.   9.4% > relies on RCI assets

    Subtract ROX Mkt.Cap from RCI Mkt.Cap. and what is left is...
    The Reliance (as % of Book.Value) on RCI's other assets

    ROXAS AND COMPANY, INC. (RCI) INCOME SURGES ON STRONG REALTY AND INVESTMENT PROPERTY PERFORMANCE

    [May 18, 2022]-Manila

    Roxas and Company, Inc. (RCI) recorded full year Net Income of P238 million in 2021, reversing its P1.2 billion loss in 2020. 2021 Revenues doubled to P1 billion as real estate sales and higher budget hospitality room nights bucked the pandemic and offset lower coconut product exports. Gross profit grew more than seven-fold vs. 2020, absorbing higher operating expenses as various businesses started to recover from reduced local government restrictions as a result of rising Covid-19 vaccinations. The surging demand for staycation options and lower Taal volcano alert level boosted occupancy in its high-end Anya Hotel in Tagaytay.

    The Group’s investment properties rose for the fourth straight year with a P766 million appraisal gain in 2021 mainly on land appreciation from tollway and power infrastructure plans near its Nasugbu, Batangas landbank portfolio. This offset the P183 million equity loss from its minority shareholding in the First Pacific-controlled Roxas Holdings, Inc. (RHI).

  21. ETHE, Ethereum at a Discount. +HIVE, RIOT (Miners)

    in Gold, FX, Stocks / Diaries & Blogs

    Posted

    GREYSCALE had Big News. HIVE was a big gainer too.

    GBTC etc. ($20.56, +16.9%), ETHE ($11.68, +12.3%), HIVE ($3.99, +15.4%)

    BkUMslL.gif

    Ideal time BUY HIVE would have been on Tue.Opening: at 0.012% of BTC ($26,106) = $3.42

    HIVE-to-Bitcoin Ratio: 0.00014 +0.00001 = 0.014%= TUE. Close: $3.99, +15.4%/ $27,653, +5.93%

    TBeLIBz.png

    Grayscale ETF decision sparks Bitcoin price rally, altcoins follow

    (Kitco News) - Cryptocurrency prices surged higher on Tuesday after the U.S. Court of Appeals ruled that the Securities and Exchange Commission (SEC) must review Grayscale’s application to convert its Grayscale Bitcoin (BTC) Trust product into an exchange-traded fund (ETF) after the regulator previously rejected the application.

    Stock prices also trended higher after the latest Job Opening and Labor Turnover Survey (JOLTS report) showed that the number of open jobs in the U.S. fell to the lowest level in more than two years last month. Investors took this as a favorable sign heading into Friday’s August jobs report, which bolstered equities and led to a positive close for the S&P, Dow and Nasdaq, which finished up 1.45%, 0.85%, and 1.74%, respectively.

    Data provided by TradingView shows that after struggling below $26,000 in the early hours on Tuesday, Bitcoin’s price charged higher near midday after the Grayscale decision was announced, spiking to a daily high near $28,200 with bulls now looking to push its price back above resistance at $29,000.

  23. Property-based stocks: SHNG, POPI, LAND etc

    in Makati Prime.com's Philippines Forum

    Posted

    SHNG increased its Dividend again

    C06447: Shang Properties declaration of cash dividends

    Ex-Date: Sep 07, 2023 Type of Securities: Common Cash Dividend Date of Approval by Board of Directors: Aug 17, 2023 Other Relevant Regulatory Agency, if applicable: N/A Date of Approval by Relevant Regulatory Agency: N/A Type (Regular or Special): REGULAR Amount of Cash Dividend Per Share: P0.1344 Record Date: Sep 8, 2023 Payment Date: Sep 22, 2023 Source of Dividend Payment: From the unrestricted retained earnings as reflected in the unaudited financial statements of the Issuer as of 30 June 2023.

    Prev. xx ... now : xx = + xx%

  25. Manila BAY - Will it become the Tourist & Financial Center?

    in Makati Prime.com's Philippines Forum

    Posted

    No one reading THIS thread should be surprised by THIS NEWS....

    OVER SUPPLY problem will hit MANILA BAY the hardest.
    MANILA  -Residential tower vacancies in Metro Manila are set to rise in 2024 as property investors banking on the once-thriving demand from China-focused Philippine Offshore Gaming Operators (Pogo) find few takers amid an ongoing exodus.

    “These were launched prepandemic in 2018 and 2019 during the height of the Pogo demand,” Colliers research director Joey Bondoc told the Inquirer. Data from Colliers Philippines showed around 5,900 condominium units will be completed in the Manila Bay Area next year, bringing its total supply to 44,1000 units.

    “Colliers estimates that the Bay Area will have the largest condominium supply in Metro Manila in 2024, surpassing the Makati central business district and Fort Bonifacio,” the property consultancy said.

    By end-2024, the Bay Area will likely cover about 27 percent of Metro Manila’s total condominium supply followed by Fort Bonifacio’s 26 percent and the Makati CBD’s 18 percent, it added.  

    > More:  https://business.inquirer.net/417540/pogos-decline-set-to-hit-condo-market

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