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Philippine Educational Stocks: CEU, FEU. STI, etc


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Philippines, School Stocks: CEU, FEU. STI, IPO etc

Centro Escolar University (PSE: CEU) : All: 10yr: 5yr: 2yr: 1yr: 6mo: 10d/ Last: P6.32

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Far Eastern University, Incorporated (PSE: FEU) : All: 10yr: 5yr: 2yr: 1yr: 6mo: 10d/ Last: xx

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iPeople, Incorporated (PSE: IPO) : All: 10yr: 5yr: 2yr: 1yr: 6mo: 10d/ Last: xx

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STI Education Systems Holdings, Inc. (PSE: STI) : All: 10yr: 5yr: 2yr: 1yr: 6mo: 10d/ Last: xx

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Education and School Stocks in the Philippine Stock Exchange

Centro Escolar University (PSE: CEU) is a higher learning institution in the Philippines established in 1907 (incorporated on March 31, 1932) that offers comprehensive training through flagship courses such as Dentistry, Medical Technology, Nursing, Education, Nutrition, Pharmacy, and other sciences across its campuses in Mendiola (Manila), Malolos (Bulacan) and Makati.  Subsidiaries include Centro Escolar University Hospital, Inc. (CEUHI) and Centro Escolar Integrated School (Source: SEC Form 17-A -2016).

Far Eastern University, Incorporated (PSE: FEU) is a private non-sectarian educational institution founded in 1928 that offers a wide array of higher education programs including Arts and Sciences, Business and Finance, Architecture and Fine Arts and Education. Corporate affiliates and subsidiaries include FEU Institute of Technology, FEU Diliman, FEU Cavite, and FEU High School, Inc., and Roosevelt College, Inc. (Source: SEC Form 17-A-2016).

iPeople, Incorporated (PSE: IPO) serves a holding company within the Yuchengco Group of Companies with a portfolio involved in education and technology sector. Its operating subsidiaries include Malayan Colleges, Inc. (MCI), Malayan Colleges (Laguna), Malayan High School of Science, and Pan Pacific Computer Center, Inc. (Source: SEC Form 17-A-2016).

STI Education Systems Holdings, Inc. (PSE: STI) is a holding company within the Tanco Group that derives investment in its education business through STI Education Services Group, Inc. (STI ESG) with a total of 76 schools nationwide, and STI West Negros University. Other subsidiaries include Information and Communications Technology Academy, Inc., Attenborough Holdings Corporation, and Neschester Corporation (Source: SEC Form 17-A-2016).

> https://www.signedmarco.com/education-school-stocks-philippine-stock-exchange/

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- Christina Mendez, Conrado Diaz Jr. () - July 12, 2002 - 12:00am
 
A new group of investors, led by newspaper publisher Emilio Yap, has taken control of publicly-listed Centro Escolar University (CEU).

Yap, who also owns listed firms Manila Bulletin and Euro-Med Laboratories, as well as the Manila Hotel, was elected chairman of the CEU board, replacing long-time chairperson Lourdes Echauz, who was subsequently elevated to chairman emeritus.

In the special meeting of the board of directors, three CEU directors (Victoria Tamayo, Jose Ledesma and Antonio Picazo) also resigned from their respective posts to pave the entry of Yap and two other noted academicians: former UP chancellor Emil Javier and former Education Secretary Bro. Andrew Gonzalez of the De La Salle University.

Last July 3, the Philippine Stock Exchange (PSE) grossed around P560 million worth of CEU shares to effect the buy-in of the new investor group.

CEU, one of two listed academic institutions (the other is Far Eastern University), has a market capital of P2.123 billion, with total outstanding shares of over 372 million priced at P5.70 each.

The Mendiola-based school was put up in 1932 and has expanded its campus in Malolos, Bulacan. Strong in field of medical sciences, the university relies mainly on cash generated by operations, through tuition fees and other income, using these to pay dividends and provide for capital expenditures.

In early 2000, another academic institution, the Mapua Institute of Technology, was taken over by the Yuchengco group through listed firm iPeople Inc. (formerly Petrofields).
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CEU Buildings, mostly owned

CEU has 372.4 Million share OS

Today, the university has three campuses, the main campus is the Mendiola Campus in Manila, the Malolos Campus established in 1978 is in the northern suburb of Malolos City in Bulacan province, and the newly established Makati Campus in 2005, is in the Makati Central Business District. Originally, its Parañaque Campus was part of the university's system until it was phased out in the early 1990s.

Malolos campus

Juedralceumalolos.jpg
 
CEU Malolos Campus.

Build on 1978, the campus is located in a 7-hectare property along MacArthur Highway in Malolos, Bulacan. The campus consists of air-conditioned classrooms, laboratories, the university library, cafeterias, an open-air basketball court, a mini-hotel called Ada's (named after the founder, Librada Avelino, who was nicknamed "Ada") for its Hotel and Restaurant Management students, and a 5,000-seater gymnasium called The Centrodome. The administration building is called the Pilar Hidalgo Lim Hall. The campus will have a dormitory and swimming pool soon.

Makati campuses

220px-Centro_escolar_university_makati_c
 
CEU Makati-Gil Puyat Campus

Sen. Gil J. Puyat Avenue Unit

CEU's first Makati campus is housed in the Philtrust Bank Building in 259 Sen. Gil Puyat Avenue, in the Makati Central Business District. The science and the law courses are here. The campus consists of air-conditioned classrooms, laboratories, a library and lecture halls equipped with audio-visual facilities, and a car park.

In June 2009, Centro Escolar University opened its law school under the School of Law and Jurisprudence, offering the Juris Doctor program. The CEU School of Law and Jurisprudence is headed by Honorable Senior Associate Justice Josue N. Bellosillo as its dean and Atty. Rita Linda Jimeno as its associate dean (the position was formerly held by former Court Administrator Zenaida Elipano). They invited some of the most famous law professors to be members of their faculty: Court Administrator Jose Midas Marquez, Associate Court of Appeals Justice Manuel Barrios, Atty. Salvador Panello, etc.[citation needed]

Legaspi Village Unit (Makati)

220px-CEUMAKATI-LV.JPG
 
Makati-Legaspi Village Campus.103 Esteban St.

The Centro Escolar University Legaspi Village Unit, the extension of the Sen. Gil Puyat Avenue unit, is located along Esteban-Bolanos Streets, in Legaspi Village, Makati City. The unit opened on June 2007...

The non-science and the Dentistry (DMD) programs are here. This building has centralized air-conditioned classrooms, computer laboratories, a helipad, and a library with audio-visual facilities. The new addition is the Dental facility inside the building.

Las Piñas campus

The Las Piñas campus is the now acquired Las Piñas College and it is named as Centro Escolar Las Piñas. The campus underwent significant renovations in the school year 2015–present. Total consideration is P196,000,000. more or less. (196M / 372.4 M shs = xx ) That the property is clean and free from any lien and encumbrance.  Acquisition approved by CEU board:Sep 2, 2015 / Full payment until March 31, 2016. Source of funds: Internally generated cash fund.

> Wiki: https://en.wikipedia.org/wiki/Centro_Escolar_University

Item 2. Properties

CEU’s main campus site, which houses 13 buildings, is located on a two-hectare prime real estate in Mendiola, Manila. Its campus in Malolos, Bulacan is located on a seven-hectare property along McArthur Highway. The properties in Manila campus are covered by TCT Nos. 11919, 69761, 76251, 76252, 76253, 92437, 99602 and 171233. The Malolos property is covered by TCT No. T87162. The University has no property that is subject to any mortgage, lien or encumbrance. In connection with the establishment of CEU-Makati Campus, the University has been leasing the Philtrust Bank Building since 2004 for ₱2M fixed rental per month for 25 years plus a percentage of the annual income for its CEU-Makati, Gil Puyat Campus. Pursuant to the authority granted by the Board of Directors and as part of the University’s expansion program for CEU-Makati Campus, the University purchased on July 5, 2006 Seaboard Centre Condominium on Esteban Street, Legaspi Village, Makati City on installment basis through internally generated funds. The CEU-Makati, Legaspi Village Campus is covered by CCT Nos. 99424, 99167, 99410, 99425, 99426, 99427, 99411, 99428, 99429, 99430, 99431, 99432, 99168, 99408, 99169, 99170, 99433, 99434, 99435, 99436, 99437, and 99438.

> http://corporate.ceu.edu.ph/static/media/CEU17A-07152019.pdf

 

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CEU Enrollment DROP School Year 2016-2017 Student Enrolment

The University had an enrolment of 17,532 for the first semester and 16,632 for the second semester of school year 2016-2017. The total enrolment for the three campuses for both the first and second semester decreased by 20.51% and 20.77%, respectively compared to that of SY 2015-2016. The total first year (freshmen, transferees) enrolment decreased by 91.18% as compared to the enrolment of the previous school year due to the K-12 transition. Foreign Student EnrolmentForeign student enrolment for SY 2016-2017 stood at 500 and 461 for the first and second semesters, respectively. A decrease of 23.08% for the first and 19.97% for the second semester was noted compared to the enrolment of the previous school year. The programs where most of the foreign students enrolled are in Dentistry and Graduate School.

School Year 2018-2019 Student Enrolment The University had an enrolment of 12,270 for the first semester and 11,344 for the second semester of school year 2018-2019. The total enrolment for the three campuses for both the first and second semesters decreased by 5.10% and 5.83%, respectively compared to that of SY 2017-2018. The school year 2018-2019 was the start of the regular offering of first year after the K-12 transition. Foreign Student Enrolment Foreign student enrolment for SY 2018-2019 was 239 and 214 for the first and second semesters, respectively. A decrease of 35.41% and 32.06% for the first and second semesters, respectively, was noted compared to that of the previous school year. Dentistry and Graduate School are the programs where most of the foreign students enrolled.

Tuition Fee Increase There was a 5% increase in tuition fees and other fees for SY 2016-2017, 2017-2018 and 4.17% in SY 2018-2019. Effect of Government Regulation with Respect.    Commission on Higher Education (CHED) promulgates guidelines to be followed by Higher Educational Institutions (HEIs) intending to increase their tuition and other fees. The guidelines provide, among others: “A Certificate of Intended Compliance (COIC) stating that (70%) of the proceeds to be derived from the tuition fee increase shall be used for the payment of the salaries, wages, allowances and other benefits of its teaching and non-teaching personnel and other staff x x x. “The 20% shall go to the improvement of the following: 1. Modernization of buildings 2. Equipment 3. Libraries 4. Laboratories 5. Gymnasium and similar facilities and 6. Payment of other cost of operations. “Only 10% is left for return on investment.” The University has consistently distributed 70% of the increase in tuition fees to its employees on a semestral basis. The 70% increase in tuition fees is distri...

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  • 3 weeks later...

I looked at STI. Because it was cheap versus book. and the chart looked like it was bottoming...

STI / STI Education Systems ... YTD: 5yr: 2yr: 1yr: 10d / Last: P 0.310  / Book Value Per Share 0.83

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STI Education clarification of news reports - 1

Source: Manila Standard (Online Edition) Subject of News Report:

"Low enrollment forces STI to close 12 schools" Date of Publication: Sep 28, 2020

“STI Education Services Group Inc., which owns one of the largest networks of private schools in the Philippines, closed down seven schools and suspended the operations of five others on low enrollment turnout caused by the pandemic. STI-ESG said in a disclosure to the Philippine Dealing & Exchange Corp. it suspended the operations of four company-owned schools for school year 2020-2021, including STI Cebu, STI Iloilo, STI Quezon Ave. and STI Tuguegarao. It also ceased the operations of STI Pagadian, another company- owned school effective SY 2020-2021. ‘STI ESG determined that continuing the operations of these schools was no longer viable due to low enrollment turnout and the high cost of facility rental,’

STI Education Systems Holdings traces its roots to the Philippine branch office of Theo H.Davies & Co., a Hawaiian corporation, which was established in 1928. The company wasre-incorporated as a domestic corporation in 1946. In 1973, the Hawaiian parent was acquired by James Matheson & Co. of Hong Kong,.....JDI once again experienced a change in control and management in 2010 after CapitalManagers and Advisors, Inc. , led by businessman Eusebio H. Tanco, acquired the stakeof PRCI in the company. In 2011, the company became the holding company within theTanco Group that drives investment in its education interests. Its corporate name waschanged to its present form in 2012.

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