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Property-based stocks: SHNG, POPI, LAND etc


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Apr. UPDATE: Following SHNG and TLT upturns?

Time: v.TLT: SHNG, pct: ROCK, pct: MEG, pct:  CPG, pct.:  ... Ytd: 10d: 
04.25: 87.78: 3.53, 4.0%: 1.44, 1.6%: 1.80, 2.1%: .275, .31%:  
02.24: 92.63: 3.72, 4.0%: 1.50, 1.6%: 1.97, 2.1%: .300, .32%: 
Ye’23: 98.88: 3.67, 3.7%:  1.41, 1.4%: 1.97, 2.0%: .280, .28%: 
Ye’22: 100.7 : 2.54, 2.5%: 1.40, 1.4%: 2.00,2.0%: .385, .38%: 
Ye’21:  148.2:  2.61,  1.8%: 1.48, 1.0%: 3.15, 2.1%: .400, .27%: 
====

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MEG vs SHNG: 2.14 vs 3.38. Gap: 1.24, Ratio: 157.9%/ from 3/'20: 6/'22: 10d:

3.28: 2.02 vs 2.71. Gap: 0.69, Ratio: 134.2%

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3/'20:

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===: SHNG: MEG: Ratio: GAP: BV,S: BV,M: Ratio: dvS : dvM: Ratio  
mar28 2.71 : 2.02: 134%: 0.69: 7.83e 6.24e 125.% .250: .062: 403%
Ye’22: 2.54: 2.00: 127.%: 0.54: 7.83e 6.24e 125.% . ??
Ye’21: 2.61 : 3.15 : 82.9% (0.54) 7.83: 6.24: 125.%: .124: .043: 288%
Ye’20: 2.71 : 4.08: 66.4% (1.37) 7.50: 5.81 : 129.%:  .157: .037: 424%
Ye’19: 3.20 : 4.01: 79.9% (0.81) 7.35: 5.84 : 126.%: .180: .070: 257%
====

Smaller company, trading 80% below BV of 0.1418 > 75% below BV of 0.1386. no trading >'Oct

BHI - Boulevard Holdings, Inc. ... fr.2012: All: 5yr: 2yr: 1yr: 6mo: 10d /.              0.051;   Updated Jan.2023

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OLD: 7.2020: 0.028, YrL: 0.023, +21.7%

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Boulevard Holdings sales report as of December 2022

The consolidated sales of products and services of Boulevard Holdings, Inc. for the month ended December 2022 and for the seven-month ended December 2022 as compared to same period last year are shown below: Period Covered: For the month ended December 31 2022: P 2,105,407.70 2021: P 3,445,542.34 % Increase (Decrease): (38.89%) Period Covered: For the seven-month ended December 31 2022: P 9,208,221.87 2021: P 9,367,872.19 % Increase (Decrease): (1.70%) The above amounts pertain only to operations from Friday's Puerto Galera Beach Resort, which had increased its monthly sales by 123.64% in December 2022 as compared to November 2022.

Boulevard Holdings sales report as of November 2022

The consolidated sales of products and services of Boulevard Holdings, Inc. for the month ended November 2022 and for the six- month ended November 2022 as compared to same period last year are shown below: Period Covered: For the month ended November 31 2022: P941,413.63 2021: P1,863,331.77 % Increase (Decrease): (49.48%) Period Covered: For the six-month ended November 31 2022: 7,102,814.17 2021: 5,923,277.06 % Increase (Decrease): 19.91% The above amounts pertain only to operations from Friday's Puerto Galera Beach Resort, which had increased its monthly sales by 209.12% in November 2022 as compared to October 2022.

===

C02950: Boulevard Holdings business update - 2 / OLD NEWS

The maximum transportable ration of 50 sacks was delivered to the Mayor on April 16, 2020, represented by BHI-Puerto Azul engineer Romy Natividad & security head Blas Austria, as well as by Binibining Pilipinas Candidate #1 Miss Cavite, Samantha Panlilio. BHI’s Cavite business is still good to go: our managers met online with Robbie Antonio’s Revolution Precrafted, Inc. people; and we are all confident the villa-condo & beach lots project, where BHI has a 15% stake, will resume when the lockdown is over. Let’s see how far the Philippine property business has crashed, with effects of Corona & disappearance of POGOs.

> website: https://www.boulevardholdings.com/ourCompany.do?catID=18334

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VREIT vs. VLL. fr.July'22: All: 1yr: 10d / VLL:1.67 / P1.57= 106.4% at 8.08.23

1.09.23:  VLL:1.69 / P1.65= 102.4% (range:  VLL R: 1.39 to 2.35)/ (Vreit R: 1.47 to 1.76)

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VLL (P1.69, 102.4%), VREIT (P1.65)... vreit/ TLT ($105.18)= 1.57% :  from 12.11.2007: 1yr: 6mo: 10d

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Here's a chart that made me want dig deeper.   B.V. 8.61         ... Update: Oct.'22 > Jan.'23

VLL/ Vista Land. ALL: 10yr: 5yr /1.96 >P1.69. PER: 3.52 > 2.96x... 52 Wk. range: (1.85 - 3.88 ) > 1.39 to 3.55

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OLD: 3.20... "But it is not a low yet, and I see more downside for Property co's"

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==

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Q: How will moving back in partial Lockdown impact the PHL market today?
“Lower probably.  Since some may not have anticipated this.  I think Property shares will go lower”
Was Right on both:
+ PSEI.  : 5,716 -212.5, -3.58%
Big three Props
+ ALI     : 31.30 -2.000, -6.01%
+ SMPH: 28.55 -1.450, -4.83%
+ MEG. : P2.90 -0.100, -3.33%
And These
+ VLL.   : P2.66 -0.260, - 8.33%
+ FLI.    : P0.82 -0.050, - 5.75%
+ FDC.  : P8.21 -0.480, - 5.52%
+ RLC   : 0.140 - 0.009, - 6.04%

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  • 1 year later...

Re-Visiting "The City" (two quoted Cityland companies)

CDC / Cityland Dev’l Corp owns 49.73% of: LAND / City & Land Dev’lopers

Divs: LAND> P22.3M, .0317 > CDC > P103M, .0222  (net payout: P80.7M/ 56= us$1.44M goes to CI, etc

Cityland Co's ... update: LAND-0.00, CDC-0.00, SHNG-0.00, SMC-0.00

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Company/Symbol: BkV.: YrE.’17: YrE.’21 : ---range--: xPrice: -MktCap / USD@56
Cityland --  CDC- : 1.75: 3,938M: 4,624M: 0.65-0.96: P 0.67 : P 3,098M = $55.3M
City&Land- LAND : 1.67:  1,299M: 1,432M: 0.69-1.70 : P 0.72 : P 1,031 M = $18.4M
Total Market Cap Value>  ————————-----------———>  P 4,129 M = $73.7M -22.5%
Total Value, prev.2018  > at 0.97, 0.94: YyE’18 BV: 1.83. 1.50> P 5,041 M = $95.1M

Company/Symbol : YE'2021 : xPrice : MktCap. / USD@56: %-C.I.: P-Value
City&Land - LAND: 1,432 Mn : P 0.72 : P1,032M = $18.4M : 29.54% P304.M
Indirect LAND shs: ----------------> P1,032M = $18.4M : 25.33% P261Bn
Direct&Indirect, LAND shs> ----------------------------> 54.87% P565Bn =$10.1M

CI / Cityland, Inc. (private group)
 v owns 29.54% of:   50.98% of:     Sub-Total: 80.52%
       (LAND Direct)    CDC / Cityland Dev’l Corp
                                      v  owns 49.73% of LAND:   ...54.89%
LAND / City & Land Dev’lopers

ADDED: CI Group’s share of LAND: 49.73% +29.54% +0.87% +0.52%= 80.66%

"Loose" shares= 19.34% x1,435M= P 277M / 56= US$4.95M only

LAND, DIV. FLOW: assume 1,432M LAND sh., and P 0.0317, 2022
Total.          100.0%, 1,432M = P 45.8M, $818.k (at /56)
CDC:         49.73% :    712M = P 22.6M, $403k rec'd from LAND
CI/parent: 29.54% :   423M = P 13.4M, $239k
affiliate:       0.87% :  12.5M =  P 395.k, $7,052
affiliate:       0.52% :  7.45M =  P 236.k, $4,217

CDC, DIV. FLOW: assume 4,624M CDC sh., and P 0.022, 2022
Total.          100.0%,  4,624M = P 103.M, $1,833k
CI/parent: 50.98% : 2,357M = P 52.3M,  $ 935k
affiliate:       0.06% :   2.77M = P 61.6.k, $1,099k

LAND> P22.3M > CDC > P103M  (net payout: P80.7M/ 56= $1.44M goes to CI-private

> source: about: https://www.cityland.info/

Cityland Development press release : July 2021

"TOPPING-OFF CEREMONY CITYLAND'S PIONEER HEIGHTS 1 Pioneer Heights 1, a 24-storey office, commercial and residential condominium in Mandaluyong has completed the structural construction with a topping-off ceremony held recently. Developed by Cityland Development Corporation (Cityland), Pioneer Heights 1 is located along Pioneer St.. Barongay Highway Hills, Mandaluyong. With the completion of the Kalayaan Bridge of the Bonifacio Global City (BGC) - Ortigas link road project, travel time to City of Pasig, Makati and Mandaluyong has drastically reduced, thus making Pioneer St. a booming, bustling for commercial and residential area

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  • 2 weeks later...

PROPERTY Stocks are Still Falling

FLI/ Filinvest Land, LAND/ City&Land, SHNG/ Shang ... All5yr: 10d/ FLI-0.93/ SHNG-2.58 = r-36.0% , LAND-0.71.. w/ALI

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VLL/ vista land, MEG/ megaworld ... fr.xx: All: 10yr: 5yr: ... 10d/ VLL-1.96 / MEG-2.22 = r-88.2% ... w/ALI

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Stock/  Company  : Price: BkVal.: P/BV: PER :  Div. : Yield :
FLI.   / Filinvest Ld: 0.930: 3.62 : 25.7%:  7.64 : 0.047: 5.00%
LAND/ City&Land : 0.710:  1.67 : 42.5%:  4.36 : 0.032: 4.46%
SHNG/ ShangPrp.: 2.580:  7.83 : 33.0%: 5.55 : 0.114 : 4.42%
CDC / Cityland Dv : 0.690: 1.75 : 39.4%:  5.27 : 0.022: 3.22%
RLC  / Robinson.Ld: 16.70: 24.3: 68.7%: 13.17: 0.500: 2.99%
FDC  / Filinvest Dv: 6.870: 14.3 : 48.0%: 12.23: 0.070: 1.02%
==  (No dividends):
MEG  / Megaworld: 2.230: 6.24 : 35.7%: 4.98 : 0.000: 0.00%
VLL.  / Vista Land : 1.960:  8.61 : 22.8%: 3.52 : 0.000: 0.00%
ROCK/ Rockwell.  : 1.300 : 3.81 : 0.00%: 4.84 : 0.000: 0.00%
=====

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CDC/ Cityland Development Corp. (PHS). ... All: 10yr: 5yr: 3yr: 1yr: 10d/ Last: 0.69 vs. yrL: 0.65

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BOTH: from.2018: 2021: 5yr: 2yr: 1yr: YTD:

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CDC Divs.
Year :  Profit :  Cash: Record: YrE-:C-%: Stock: Date: Total

2014:  = ?? =: 0.0700: 06.30 : 1.21: 0.0%: 10.% : 07.10:  0.0%
2015:  = ?? =: 0.0190: 07.03 : 0.97: 0.0%: 10.% : 07.09:  0.0%
2016:  = ?? =: 0.0180: 06.30 : 1.05: 0.0%: 5.0% : 06.30: 0.0%
2017: 0.1009:  0.0130: 06.27 : 1.00: 1.3%: 5.0% :  07.13:  6.3 %
2018: 0.1098: 0.0294: 06.04 : 0.81: 3.6%: 5.0% : 07.13:  8.6 %
2019: 0.1227:  0.0417: 06.24 : 0.77: 5.4%: 5.0% : 07.11:  10.4%
2020: 0.0730: 0.0292: 09.18 : 0.73: 4.0%: 0.0% : === :  4.0 %
2021:  0.1218:  0.0139: 07.02 : 0.85: 1.6%: 5.0% : ?? .??:  6.6 %
2022: = ?? =:  0.0317: 06.22 : 0.70e 0.0%:
====
’17-21: .6360: 0.1623= 25.5%: 0.79: 4.1%: 5.0% : ====:  9.1%
BkVal.: P1.71- ye'17 vs. P1.75- ye'21: +2.3%

LAND / City & Land Developers Inc. (PHS). ... All: 10yr: 5yr: 3yr: 1yr: 10d/ Last: 0.72 vs. yrL: 0.69

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LAND Divs.
Year :  Profit :  Cash: Record: YrE-: C-% : Stock: Date : Total

2014:  = ?? = : 0.0700: 06.30 : 1.21: 5.8%: 10. % : 07.10: 15.8%
2015:  = ?? = : 0.0190: 07.03 : 0.97: 2.0%: 10. % : 07.09: 12.0%
2016:  = ?? = : 0.0180: 06.30 : 1.05: 1.7%: 5.0%  : 06.30:  6.7 %
2017: 0.1009 : 0.0130:  06.27 : 1.00: 1.3%: 5.0% :  07.13:  6.3 %
2018: 0.1098 : 0.0294: 06.04 : 0.81: 3.6%: 5.0% : 07.13:  8.6 %
2019: 0.1227 : 0.0417 : 06.24 : 0.77: 5.4%: 5.0% : 07.11: 10.4%
2020: 0.0730: 0.0292: 09.18 : 0.73: 4.0%: 0.0% : ====:  4.0 %
2021: 0.1218 :  0.0139: 07.02 : 0.85: 1.6%:  5.0% :  ??.??:  6.6 %
2022:  = ?? = : 0.0317: 06.22 : 0.70: 4.5%:
====
’17-21: .5282: 0.1272= 24.1%: 0.83: 3.1%: 4.0% : =====: 7.1%:
BkVal.: P1.49- ye'17 vs. P1.67- ye'21: +12.1%

press release -  "ONE TAFT RESIDENCES READY FOR OCCUPANCY". - 05/23/2022

Cityland Group of Companies has recently concluded the successful early turn-over of its project in Alabang known as One Premier last April this year. In keeping up with its commitment to investors, another early turn-over of its condominium in Manila - ONE TAFT RESIDENCES will start this May.

ONE TAFT RESIDENCES, is a 40-storey residential, office and commercial condominium which is located at 1939 Taft Ave., Malate, Manila. It is a few steps away from the university belt with easy access to various transportation hubs, shopping centers, businesses, commercial and government offices. With comfort and security as Cityland's priority, ONE TAFT RESIDENCES is equipped with amenities such as swimming pool, gym, multi-purpose function hall, movable children's playset, view deck, CCTV, and 24-hour association security. Carefully-designed commercial, office, and residential units of studio, 1-bedroom and 2-bedroom are now available at affordable and flexible payment schemes. Cityland, the Leading Condominium Developer National Awardee, has 40 years of proven track record in the delivery of its projects and in building spaces where people can live, work, play, invest their hard- earned money, or earn through rental. At Cityland, we commit, we deliver.

For more information, please call Cityland: Makati- 8812-2222, Ortigas- 8687-3333, Vito Cruz- 8567-3333, Manila- 8242-1212, Cellphone No. 0919-9991999 or visit us at www.CITYLAND.net.

 
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  • 5 months later...

POISED?  Shang could be set for a breakout above P2.60 resistance soon.    Feb.20, 2023 Update

SHNG looks set to "JUMP the creek at P2.60" - vs. P7.83 B.V.
Right Now, Seven Sellers are protecting 2.60:
SHNG: 2.59 -0.01., Vol.: 43k
 #.     Vol.    BID : OFFER   Vol.  #
 4     38K,  2.56 : 2.60, 890K,  7
 3      16K,  2.55 : 2.61,    20k,  1
 2      34K, 2.53 : 2.62,    15K,  1

With the SHNG chart the way it looks,
It sees, that there are buyers who jump in now
On every Dip.

SHNG / Shang Properties... 3yr: 1yr: 10d / Last: 2.58  PER: 4.45. Yield: 6.40% / NAV: 7.83, -67% disc.

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SHNG-2.59, Versus: ALI (28.95, 11.2x), LAND (0.88, 34.0%), CDC (0.72, 27.8%) .. All: 2012: 2.19.23

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===

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  • 2 months later...

Possible Breakout in SHNG

Big Jump in Dividend!
At 2.60 is from (0.165) 6.35% > (0.25) 9.62%

Yr.: Div.    : ex.Date : Pay.Date :
’23: 0.155: 04.03.23, 04.21.23,
’22: 0.095: 09.12.22, 09.27.22,
’22: 0.070: 04.05.22, 04.20.22,
’21: 0.044: 09.21.21 , 09.30.21,
== * announced 3.22.23
 

SHNG: 4yr: 2yr: Ytd: 10d / Last: 2.66 +0.06

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SHNG could rise to 3.50-3.60, to bring div. Yield down to about 7%

Sym.: Price: BkVl: PER : Yield: ’17BV: >’2021: nD/Eq.
ALI. : 28.50: 15.83 22.6: 1.00%  11.32 : +39.8%: 0.98
FLI.  : P0.71: P3.62 6.57: 6.55% P2.61 : +38.7%: 0.74
MEG  P2.07 P6.24 4.85: 2.97% P4.38: +42.5%: 0.25
ELI   : P0.19: P1.85  3.42: 0.00% P1.72:  +  7.6%: 0 debt
GERI: P0.89: P2.73 5.43: 0.00% P2.22: +23.0%: 0.14
VLL : P1.66 : P8.61  2.91: 1.78 % P6.41: +34.3%:  1.48
====
CDC : P0.75: P1.75  3.78: 2.96% P1.71 : + 2.3%:  0.03
LAND P0.80: P1.67  2.95: 3.77% P1.49 : +12.1%: 0 debt
ROCK: P1.38: P3.81 3.82: 3.89% P2.80: +36.1%:  1.06
SHNG P2.70: P7.83 4.66: 9.26% P6.40: +22.3%: 0.17
====

The DATA for me really highlight the attractions of low-debt MEG, and low-debt, high div. SHNG.

SHNG vs. MEG, etc: update: MEG may follow SHNG higher, if div. & breakout fuels further rise.=
Price :  =  2.70/ 2.07 = 130%
Bk.Val. =  7.83/ 6.24 = 125%. Earnings: .580/ .427= 136%.  Dividend: .250/ .061 = 409%

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In 2011, GERI changed its name to its present form and changed its focus towards the development of integrated tourism estates following the acquisition by Alliance Global Group of a majority stake in the company. The company was eventually consolidated under Megaworld in 2014.

===

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MEG vs SHNG: 2.02 vs 2.71. Gap: 0.69, Ratio: 134.2%/ from 3/'20: 6/'22: 10d:

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3/'20:

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===: SHNG: MEG: Ratio: GAP: BV,S: BV,M: Ratio: dvS : dvM: Ratio  
mar28 2.71 : 2.02: 134%: 0.69: 7.83e 6.24e 125.% .250: .062: 403%
Ye’22: 2.54: 2.00: 127.%: 0.54: 7.83e 6.24e 125.% . ??
Ye’21: 2.61 : 3.15 : 82.9% (0.54) 7.83: 6.24: 125.%: .124: .043: 288%
Ye’20: 2.71 : 4.08: 66.4% (1.37) 7.50: 5.81 : 129.%:  .157: .037: 424%
Ye’19: 3.20 : 4.01: 79.9% (0.81) 7.35: 5.84 : 126.%: .180: .070: 257%
====

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  • 3 months later...

RLC -etc: RCR (5.29) vs RLC (14.96): Ratio: 35.4%.  psei (6,479). Mreit(14.00) /RCR: r-264.7%

7.20.23: RCR (5.58) vs RLC (14.70): Ratio: 38.0%.  psei (6,638). Mreit(14.30) /RCR= r256%

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old

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===

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  • 3 weeks later...

ROCK is following SHNG higher...  MEG: 2.10 / SHNG: 3.37 = 62.3%, Disc. P1.27  .  2.93%, per: 4.55

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UPDATE: MEG: 2.10 + 0.06. / SHNG: 3.37 -0.01 = 62.3%, Discount P1.27  .  2.93%, per: 4.55

Looks like MEG has finally broken above the down trendline! Vol. 35.6M

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UPDATE: FLI : 0.68 UNCH. / SHNG: 3.37 -0.01 = 20.18%, S/F RATIO 4.96 . 5.29%, per: 5.58

FLI is still below the down trendline! Vol. 712,000

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UPDATE: VLL : 1.59 +0.02. / SHNG: 3.30 -0.07 = 48.18%, S/F RATIO 2.08 . 1.84%, per: 3.12

VLL is headed into a Pinch point. Vol. 100,000 ?

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UPDATE: CPG : 0.35 +0.01. / SHNG: 3.30 -0.07 = 10.61%, S/F RATIO 9.43 . 3.46%, per: 5.6

CPG is still below the down trendline! Vol. ???

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Sym.  Price. Yield, PEratio
SHNG 3.30, 7.58%,  3.65
ROCK  1.53, 4.92%,  3.94
MEG:   2.10, 2.93%,  4.55
FLI  :    0.68, 5.29%,  5.58
VLL :    1.59, 1.84%,   3.12
CPG:    0.35, 3.46%,  5.61
ALCO:  .485, 2.47%,  4.47

Some of these PHL Property stocks may be cheap enough to Buy now.                     

ROCK is following SHNG higher, by raising its dividend.  Will other Developers do same?

C05792: Rockwell Land declaration of cash dividends

Ex-Date: Aug 17, 2023 Type of Securities: Common Cash Dividend Date of Approval by Board of Directors: Jul 28, 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: Php 0.0752 per share to all common shareholders Record Date: Aug 23, 2023 Payment Date: Sep 18, 2023

Source of Dividend Payment: 20% previous year's net income after tax of 2,302M

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VREIT vs. VLL. fr.July'22: All: 1yr: 10d / VLL:1.67 / P1.57= 106.4% at 8.08.23

1.09.23:  VLL:1.69 / P1.65= 102.4% (range:  VLL R: 1.39 to 2.35)/ (Vreit R: 1.47 to 1.76)

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  • 3 weeks later...

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%

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CPG / Century is testing LOWS ... Last: 0.34, vol. 100k.  (52 Week Range: 0.33 to 0.41)

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ROCK-etc1.35,-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

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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

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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

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  • 2 months later...

CPG vs. TLT: from 20162019: 0.305 / 87.99 = 0.34%

== chart ==

Earns :  2021 : 2022 : 2023 : chg.
12 mo.   0.95B 0.90B:   > >  - 5.3%
shares    11.6b  11.6b
E.P.S.  :  0.065 0.060  0.112 ?
Yr.End :  0.400 0.390  0.305
PEratio    6.19x 6.38x  4.3x?
9 mos.   ====   1.1 b:   1.3 b:   + 13.%
Per sh.              .095:   0.112 :
Divs.       0.01 :  0.00:  .0101 :   % EPS   15.4%   N/A :   

"Century Properties Group's 9M 2023 revenue rises to P9.7 B"

First-Home business segment buoys 10% revenue growth Century Properties Group Inc. (PSE: CPG) maintained a solid performance in the first nine months of 2023 (9M 2023) as it recorded consolidated revenues at P9.7 billion, up 10% from P8.7 billion in the same period last year (9M 2022). The higher revenues for 9M 2023 were anchored on the steady rise in the contribution of CPG's First-Home Residential Developments (First-Home) segment amounting to P5.3 billion or 55% of total revenues, an increase of 28% from P4.2 billion in 9M 2022. CPG's In- City Vertical Developments and Commercial Leasing segments contributed 30% or P2.9 billion and 10% or P1 billion, respectively. The remainder came from its Property Management segment which contributed P376 million.

"The economic recovery of the country fully supports the growing demand of Filipinos for quality and affordable first homes. This translated into a strong sales take-up for our First-Home products and has put CPG on track to surpass its pre-pandemic performance despite the persisting headwinds," explained Ponciano S. Carreon, Jr., Chief Finance Officer of CPG.

The company's earnings before interest, taxes, depreciation, and amortization (EBITDA) for 9M 2023 surged by 30% to P2.5 billion from P1.9 billion in the same period last year as a result of the higher contribution from the high-margin First-Home segment and improved operating efficiencies of the other business segments. The company also posted a healthy gross profit margin for 9M 2023 of 45%, higher than 41% in 9M 2022. CPG's net income after tax for 9M 2023 reached P1.3 billion, a 13% growth from P1.1 billion in 9M 2022.

P 1.3B / 11.6B sh. = 0.112 per sh.

"We remain resolutely dedicated to our role in nation-building, diligently addressing the aspirations of Filipinos for high-quality, affordable, and strategically positioned homes. As we forge ahead, we will intensify our business efforts to meet the soaring demand in this sector, driven by the unmet housing backlog in our nation," stated Marco R. Antonio, President and CEO of CPG. CPG previously announced its board approval to acquire Mitsubishi Corporation's stake in PHirst Park Homes, Inc., paving the way for the company to gain full ownership. The planned acquisition has already received the green light from the Philippine Competition Commission in August.

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LAND: 5yr: Ytd: 0.76 +0.01  (Range 0.6857 to 1.09 ) PER: 5.57, Yield: 11.44% BV: 1.83, 41.5%

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CDC: 5yr: Ytd: 0.67 -0.03  (Range 0.6341 to 0.80 ) PER: 3.86, Yield: 4.30% + 2.5% stock div, BV; 1.94, 34.5%

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C08725: Cityland Development press releaseimage.png

"CITYLAND'S PIONEER HEIGHTS 1- MOVE IN NOW"

Cityland Development Corporation is proud to announce the turn-over of its latest project - Pioneer Heights 1, a 24-storey office, commercial and residential condominium located along Pioneer St., Barangay Buayang Bato, Mandaluyong City. With the completion of the Kalayaan Bridge of the Bonifacio Global City (BGC) - Ortigas Link road project, travel time to the cities of Pasig, Makati and Mandaluyong has been reduced drastically, thus making Pioneer St., a bustling hub for commercial and residential establishments. Carefully planned amenities such as swimming pool, clubhouse, gym, multi­purpose I event area, viewing deck and 24 hour association security are provided to make condo living enjoyable and comfortable. Meticulously designed residential units in studio, studio deluxe, 1- bedroom deluxe, 3-bedroom, commercial and office units are now available in cash and easy installment terms on a first-come, first­ served basis.

An ongoing promo for installment downpayment payable up to 20 months with 0% percent interest is currently being offered. Cityland, a trusted name in the real estate industry is constantly developing condominium units at strategic places around the city to provide good investment for every client. At Cityland, we commit, we deliver.

 

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LOW PER developers, In rising order of PE Ratios, at 1.19.24:

Stock : Last: Bk.V.: %BV: PER: E.Yld : D.Yld: DEPd: LastD: ex-Dv<
NEW Jan'24
VLL    : 1.77 :  9.07:  19.5%: 3.02: 33.1%: 3.50%: 10.6% .0620 : 10.13
SHNG: 3.90 : 8.43: 46.3%: 3.05: 32.8%: 7.42%: 22.6% .1344 : 09.07
ROCK: 1.43 :  4.16: 34.4%: 3.10: 32.3%: 5.26%: 16.3%: .0752 : 08.17
ALCO: .420 : 1.90:  22.1%: 3.41: 29.3%: 2.86%: 9.76%: .0120 : 07.12
MEG. : 1.99 : 6.64: 30.0%: 3.63: 27.5%: 3.32%: 12.1%: .0660 : 10.26
CPG. : .280 : 1.85:  15.1%:  3.98: 25.1%: 4.33%: 17.2%: .0061: 09.28
FLI.   : .670 : 3.69:  18.2%: 4.88: 20.5%: 5.37%: 26.2%: .0360: 05.09
==
Average of 7: 26.5%: 3.58=27.9%: 4.58%: 16.4% >@01.19.24<
==
Prev.Ave of 7: 27.0%: 4.20=23.8%: 4.19%: 17.6% >@Sep’23 <

CLI   :  2.64: 3.90: 67.7%: 2.72: 36.8%: 6.82% 18.5%: .1800: 04.13
DD   :  7.80: 19.15: 40.7%: 3.66: 27.3%: 3.36% 12.3%: .2624: 06.05
CDC : .710: 1.94: 36.6%: 4.09: 24.4%: 4.05% 16.6%: .0295: 06.27
LAND: .770: 1.83: 42.1%: 5.65: 17.7%: 11.29% 63.8%: .0913: 07.04
====
Aver. of 4 : 46.8%: 4.03=24.8% 6.38%: 25.7%: ====
====
Aver. of 11: 33.9%: 3.74=26.7% 5.23%: 20.5%: ====

Higher PERs
RLC  : 15.86: 25.6: 62.0%: 6.62:  15.1%: 3.28%: 21.7%: 0.520: 05.26
ALHI :  6.04:  8.83: 68.4%: 12.4: 8.06%: 0.47%: 5.83%: .0300: 05.29
ALI   : 32.35:  17.3: 187.%: 20.4:  4.90%: 1.15%: 23.5%: .2231: 11.10
Smph 32.75:  12.6: 260%: 24.7: 4.04%: 0.72%: 17.8%: .2370: 07.04
====  
Aver. of 4 : 145.%: 16.1=6.23% 1.41%: 22.6% =====

==== Aver. of 15: 63.4%: 7.02=14.2% 4.21% 29.6% =====

No Divs
ELI   : 0.125: 1.91:  6.54%: 2.30=43.5% 0.00%: 00.0%: Nil :
GERI: 0.84 : 2.90: 29.0%: 5.36=18.7%  0.00%: 00.0%: Nil :
SLI   : 3.41:  2.78: 122.%:  7.60=13.2%  0.00%: 00.0%: Nil :
====
Aver. of 3 : 52.5%: 5.09=19.7%  0.00%: 00.0% =====

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  • 4 weeks later...

CPG rallying - Last: 0.295 +0.01

CPG. 3yr: 1yr : .295 : P1.85bv: 15.9%: PE: 4.20: 23.8%: Y:4.11%: 17.2%: Div.0061: ex. 09.28

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NEWS / "CENTURY PROPERTIES GROUP LISTS P2Bn PREFERRED SHARES" / Financing two new Projects

Adheres to prudent financial stewardship and targets sustained growth Property developer Century Properties Group, Inc. (CPG:PM) completed its Php2 billion perpetual, cumulative, non-participating, non-voting, redeemable, non-convertible Series B Preferred Shares ("CPGPB") follow-on offering with the bell-ringing at the Philippine Stock Exchange (PSE) today... "The proceeds of this fundraising will help the company to fortify its commitment to prudent financial management and facilitate sustained expansion efforts," he added.

Last month, CPG announced two projects for the first half of 2024 under its Premium In City Line: "The Hotel Residences at Acqua" in Mandaluyong City, offering move-in ready suites, and a mid-rise residential development at Azure North in San Fernando, Pampanga, with the first tower offering 375 units. The development will offer multi-feature water-park amenities, giving a unique and appealing dimension to resort living. CPG has successfully diversified into the First-Home market to serve the unmet housing demand and further strengthen its position in key destinations within the country.

PHirst, now fully owned by CPG, is expanding geographically to achieve a nationwide presence with sustainable product delivery. Recently, PHirst successfully launched PHirst Park Homes Bacolod, fueling its expansion in the Visayas region. With plans to open at least 6 new subdivisions this year, PHirst aims to close 2024 with 26 active First-Home developments.

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Following SHNG and TLT upturns?

Time: v.TLT: SHNG, pct: ROCK, pct: MEG, pct:  CPG, pct.: 
04.25: 87.78: 3.53, 4.0%: 1.44, 1.6%: 1.80, 2.1%: .275, .31%:  
02.24: 92.63: 3.72, 4.0%: 1.50, 1.6%: 1.97, 2.1%: .300, .32%: 
Ye’23: 98.88: 3.67, 3.7%:  1.41, 1.4%: 1.97, 2.0%: .280, .28%: 
Ye’22: 100.7 : 2.54, 2.5%: 1.40, 1.4%: 2.00,2.0%: .385, .38%: 
Ye’21:  148.2:  2.61,  1.8%: 1.48, 1.0%: 3.15, 2.1%: .400, .27%: 
====

vLxMcIF.gif

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