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Robinson/ JG Summit Group, PHL. (JGS, RLC, RCR, URC, RRHI)


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Robinson / JG Summit Group, PHL. (JGS, RLC, RCR, URC, RRHI)

JGS is backed by its 26%+ holding in MER and 56% in URC; worth more than its share price 10d :

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>Oct.2014: ye'23> JGS (x, y> z):xx%,  URC (x, y> z):xx%, MER (x, y> z): xx% :10d: 11.25.24

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Summit Group / Robinson Group companies

/JGS (24.10), RLC (13.88, 57.6%), RCR (5.95, 24.7%), URC (85.15, 3.53x), RRHI (36.70, 1.52x)  '19: '21: 10d: 11.26

: JGS ( 27.50), RLC (16.30, 59.3%), RCR (6.17, 22.4%), URC (101., 3.67x), RRHI (40.50, 1.47x) - at 10.17.24xLf0WEg.gif

2019:

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Sym. Last: Target:   Rise:  BkVal:  %BV : PER:  EPS:  Div.: Yield :     
JGS   27.50: 41.00:  49.6% 47.66: 57.1%  8.44: 3.26: 0.42:  1.53% >Oct.4th     
RLC   16.00: 27.00:  68.9% 28.00: 57.1%  5.73:  2.79: 0.65:  4.06%     
RRHI 40.20: 64.00: 59.2% 51.65: 77.8%  6.43: 6.25: 2.00:  4.98%    
URC P102.:  P150.:  47.1%  54.09: 189.%  18.5:  5.51:  3.78:   3.71%     
RCR P6.05: P6.70:   10.7% P5.95:  102.%  6.64: 0.91: 0.39:  6.51%     
=== ====  Aver.: +46.3% ===    106.%  8.95: ===: ===:  4.16%     
=== ====  Aver.: +46.3% ===    106.%  9.08: ===: ===:  4.82%

Sym. Last:  BkV >E12m:  '22:  ’23:  Q1’4:  Q2’4:  Q3’4: Q4’4:  Div.: Yield : %Eps  
JGS  27.50: 47.66: 3.26 0.08: 2.66:  1.45:   0.52:  ===   ===   0.42: 1.53%  12.9%   
RLC   16.00: 28.00: 2.79: 1.91: 2.46:  0.84:  0.66:  ===   ===   0.65: 4.06% 23.3%   
RRHI 40.20: 51.65: 6.25: 3.93: 2.78:  3.49:  1.18:   ===   ===   2.00: 4.98% 32.0%
RCR :  6.05: P5.95: 0.91: 0.43: 0.41:   0.10 :  0.11 :  ===   ===  .394: 6.51%  43.3%

 

===  JG Summit Group companies & Investments

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JG Summit Group profile: https://www.jgsummit.com.ph/our-company/company-profile

Sym. Company   : shOS:  Pct.: MktCap: JG'MV: 10.18: ye’23: ye’22: ye’21: ye’20:   
JGS: JGSummitGp: 7.52B: 100.%: 196.B:  196.B:  26.10: 00.00: 00.00: 71.60: 71.60:    
Affiliates           
URC: Univ.Robina:  2.16B: 55.9%: 213.B.:  119.B: 98.50: 00.00: 00.00: 152.5: 152.5: 
RLC: Rob.Land.Cp: 4.84B: 65.4%: 79.0B: 51.7B: 16.32: 00.00: 00.00: 21.20: 21.20: 
+++ Investments :  below:    v v  : 1.78Tr: 268B: 
                                 ====   ===    2.07Tr: 439B

“ole” JG Olefins    :  Priv. : 100% :  Losing money? 
jgdev JG Digit.Eqt:  Priv. : 100% :  Venture Cap. Arm 
Davi  DataAnalyV:   Priv. : 44.5%:   
“log” DHLsum.Sol:  Priv. :  50.0%:
“luz” LuzonIntlDv :  Priv. :  33.0%:
“got” Gotyme Bnk:  Priv.  : 22.7%:

INVESTMENTS   :  shOS:  Pct.: MktCp: JG'MV:  10.18:  ye’23: ye’22: ye’21: ye’20: :   
BPI   Bank Phl Isl. : 5.27B: 3.60%: 754B:   27.1B:  143.1:  103.8:  102.0: 95.60:  81.35:    
CEB: Cebu Air Inc: 624M: 65.5%: 21.8B:  14.3B: 35.00: 32.50: 38.30: 42.90:  50.50:    
MER: MERALCO  :   1.13 B: 26.4%: 564B:  149B: 499.4: 399.0: 298.8: 300.0: 292.0:    
> JGS as %MER  >                                                  5.2%  9.6%  16.8%  18.3% 24.5%    
Uo6.* Sing.Land.adj 62.8B 37.1%:  113 B:  41.9B:  S1.80: S1.99: S2.25: S2.62: S2.33:    
TEL:  PLDT Inc.    :   216M:  11.1%:  324B:  36.0B: 1,500:  1,279: 1,317:  1,870:  1,340:    
                                 ====   ====  1.78Tr:  268B  
===    
RRHI Rob.Retail H:  1.43B:  ??? %:   57.2B: ====: 40.00: 39.65: 53.86: 67.40: 65.00:    
===    
*SGland (U06:SG): 1.43B.shOS xPhp43.9= 62.8B adj.sh

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  • webmaster changed the title to Robinson Group, PHL. (RLC, RCR, URC, RRHI)

/ JGS (26.40), RLC (16.74, 63.4%)  2019: Oct'22: 2024: 10d: / PER: 8.11, EPS: 3.26, Div.0.41: Yield: 1.59%

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2019:

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JG Summit Holdings, Inc. is one of the largest conglomerates in the Philippines with business interests in air transportation, banking, food manufacturing, hotels, petrochemicals, power generation, publishing, real estate and property development, and telecommunications. Wikipedia
JG Summit Holdings, Inc. (JGS), which is controlled by the Gokongwei family, was incorporated in November 1990 as the holding company for a group of companies with substantial business interests in foods; agro-industrial and commodities; real estate and hotel; air transportation; banking; and petrochemicals. The Company also has core investments in telecommunications and power generation and distribution. The Company was listed on the Philippine Stock Exchange in 1993.

The Company conducts its businesses throughout the Philippines, but primarily in and around Metro Manila and in the regions of Luzon, Visayas, and Mindanao. JGS, through its subsidiaries, also have branded foods businesses in the People's Republic of China, ASEAN, and Oceania (New Zealand and Australia regions), and a core investment in a property development company in Singapore.

JGS' subsidiaries include JG Summit Olefins Corporation; CP Air Holdings Inc.; Universal Robina Corporation; and Robinsons Land Corporation. The Company also holds 11.2% interest in PLDT Inc. and 26.4% interest in Manila Electric Company.
Founder:   John Gokongwei
President: Lance Gokongwei
Headquarters: Pasig
Founded: November 23, 1990
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  • webmaster changed the title to Robinson/ JG Summit Group, PHL. (JGS, RLC, RCR, URC, RRHI)

MER Earnings Estimate revisions

jTfEGW2.jpeg : '24est: 8.51 +11.40+ 10.0E +10.0E = 39.91E

Sym. Last:  BkVl >E12m:    '22:   ’23:   Q1’4:  Q2’4:  Q3’4: Q4’4:  Div:  Yield %Eps   PER:   q1>2  q2>3
MER 499.4: 100.0: 37.80 25.23 33.74: 8.51:  11.40:  10.0E   ===   21.52 4.31% 56.9% 13.21 +34% +??%
JGS   26.10: 47.66: P3.26  0.08:  2.66:  1.45:  0.52:  0.39E  ===   0.42: 1.51%   12.9%  8.01  -64%

Q2: 11.40 x 1.13B shs x 26.4%= P3.40B / 7.52B sh= 0.45 Eps for JGS (87% of reported!) 

 

Who is the biggest shareholder of MERALCO?
Ownership
  • Beacon Electric Asset Holdings, Inc.: 34.96%
  • JG Summit Holdings, Inc.: 29.56%
  • Others/Public stock: 21%
  • Metro Pacific Investments Corporation: 10.5%
  • First Philippine Holdings Corporation: 3.94%
  • First Philippine Utilities Corporation: 0.01%

JGS BUYS and Sells MER shares

JG Summit made its initial Meralco investment in 2013, when it acquired a 27.1-percent stake from conglomerate San Miguel Corp. and its affiliates for P72 billion, which was about P236 per share. Four years later, JG Summit increased its stake in Meralco to over 29.5 percent.Jul 30, 2022

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JGS buys MER shares from San Miguel Group at P237 per Share.   Oct. 1, 2013

Based on the disclosure from JGS below, we crunched the numbers to compute how much RSA and JG was pricing their deal and we came up with P236.6/share - That's about 20% discount from yesterday's closing price. If the numbers are correct, this is a pretty good deal for the Gokongweis if you ask me.
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PSE Stocks - JG Summit raises stake in Meralco ...

JG Summit raises stake in Meralco /  *Acquired 27.5 million MER shares at P250 per share.

---

MANILA, Philippines - JG Summit Holdings has acquired more shares in Manila Electric Co.

In a filing with the Philippine Stock Exchange, JG Summit said it acquired 27.5 million shares of Meralco at P250 per share.  The transaction was done on June 14.

As a result, the company’s stake rose by 2.44 percent to 29.56 percent.

In terms of number of shares held, JG Summit now has 333.19 million shares as of June 30 this year.

It was in 2013 when the company first acquired ownership in Meralco after buying San Miguel Corp.’s stake in the power utility firm.  This marked the Gokongwei family’s foray into the lucrative power sector.

Last year, JG Summit entered Global Business Power Corp. by acquiring GT Capital Holdings’ 22 percent stake.

JG Summit acquired another eight percent stake in GBPC from Meralco Power Gen (MGen),  bringing its total shareholdings to 30 percent and further strengthening its partnership with the MVP Group beyond Manila Electric Co. and PLDT Inc.

GBPC is one of the leading independent power producers in the Visayas region and Mindoro island with a combined gross maximum capacity of 704 megawatts comprising 696.5 MW of power supplied to the Visayas grid and 7.5 MW of power supplied within Mindoro island.

Meralco PowerGen Corporation entered into an agreement to acquire additional 30% stake in Global Business Power Corporation from JG Summit Holdings, ...
 
Dec 23, 2020  JG Summit Holdings, Inc. (“JGSHI”) entered into a share purchase agreement with Meralco PowerGen Corporation. (“MGen”) for the sale by JGSHI  ...
Jan 4, 2021  In Meralco, MPIC holds a 45.46 percent stake while JGS holds a 29.56 percent interest. As a result of the transaction, MGen will own 100 percent ...
Jul 31, 2022  METRO Pacific Investments Corp. (MPI) has acquired most of the Manila Electric Co. (MER) shares which were sold by JG Summit Holdings Inc.
Jul 30, 2022  JG Summit raised P12.384 billion from the sale of 36 million Meralco shares for P344 apiece, six percent lower than the July 28 closing price of P366 per share.  (x94%= P344;  P 2Bn gain.)
Mar 26, 2024  2 billion gain on sale of Meralco shares that was recognized in. 2022, JG Summit's consolidated core net income surged 218% year-on-year (YoY) ..
 
 
???
 
this does not take into account JGS' lower stake in MER. Recall that. JGS sold 30m old MER shares to Metro Pacific (MPI PM) for PHP344/sh, reducing its stake ...
Mar 27, 2024  2 billion one-off gain it recognized in FY22 on the sale of its Meralco [MER 361.00, up 0.2%; 56% avgVol] shares. On a segmented basis ...
 
COL Financial     https://ph10.colfinancial.com › 2017-06-23-PH-D
 
JGS: JGS increases stake in MER. JGS increases stake in MER. Based on JGS' disclosure to the PSE, JGS acquired an additional. 27.5Mil shares of MER at Php250 ...
 
GGS Boost from MER stake.
 
Aug 13, 2024  JG Summit saw a mixed performance across its core investments. The share of JG Summit in Meralco's income rose by 26% to P5. 8 billion led by ...
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RRHI / Robinson Retail Holdings

Sym. Last:  BkV >E12m:  '22:  ’23:  Q1’4:  Q2’4:  Q3’4: Q4’4:  Div.: Yield : %Eps  
JGS  27.50: 47.66: 3.26 0.08: 2.66:  1.45:   0.52:  ===   ===   0.42: 1.53%  12.9%   
RLC   16.00: 28.00: 2.79: 1.91: 2.46:  0.84:  0.66:  ===   ===   0.65: 4.06% 23.3%   
RRHI 40.20: 51.65: 6.25: 3.93: 2.78:  3.49:  1.18:   ===   ===   2.00: 4.98% 32.0%
RCR :  6.05: P5.95: 0.91: 0.43: 0.41:   0.10 :  0.11 :  ===   ===  .394: 6.51%  43.3%

RRHI : All: 2019: 20202024: 10d: P40.20:  (R: 34.60 to 46.85 )

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All:

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=

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1H 2024 Earnings :

First-half consolidated revenue rose by 15% to P187.8 billion from P163.4 billion last year on rising demand for tourism and recreation, along with increased petrochemical operations, as well as higher food and beverage sales volumes, JG Summit said in a statement to the stock exchange on Monday.

JG Summit doubled its core net income after taxes to P18.1 billion.

“We continue to post overall top line growth despite the lingering effects of inflation which dampened consumer sentiment. We have seen a divergence of results from our operating units with the strong demand for travel and leisure benefiting our air transport and real estate businesses,” JG Summit President and Chief Executive Officer Lance Y. Gokongwei said.

Core Investments:  ( JGS vs.=> BPI +CEB + MER +SG-Land +TEL )

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JG Summit saw a mixed performance across its core investments.

The share of JG Summit in Meralco’s income rose by 26% to P5.8 billion led by higher sales volume on commercial activities and residential demand due to higher temperatures.

Equity earnings from Singapore Land Group grew by 15% to P1.3 billion as the hotel business posted a robust performance, led by the full operations of the Pan Pacific this year, along with increases in the company’s rental income.

Dividends received by JG Summit from PLDT Inc. for the first half declined by 22% to P1.1 billion on the lack of special dividends declared in 2023.

https://www.bworldonline.com/corporate/2024/08/13/613660/jg-summit-sees-43-profit-surge-on-margins-equity-earnings-merger-gains/

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  • 2 weeks later...
  • 2 weeks later...

JGS finally got a Bid!: 24.30 +2.40, +10.96%, on 11.9M shares! .. 10d: 6m vol. bar in last 30 min!

/ JGS (24.30 +10.96% ); URC (82.15, -1.0%), MER (496.8, +2.2%), BPI (131.1, -2.4%)

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=== the old story...  Mar. 27, 2024

 
MORE - just went in...

Yet is MAKING MONEY!  "JG Summit Holdings Inc. (JGS) grew its nine-month profit by 16 percent to P17.9 billion on the back of a double-digit topline expansion coupled with the gains realized from the merger of Robinsons Bank with the Bank of the Philippine Islands."

JG Summit, AGI post higher earnings in January-September period

 
 
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SWAP: (5.93, 6.70%Y) > RLC (13.86, 4.69%Y) : ratio: 2.34x (-30%Y): 2019: '20: '22:

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sym:  Last:  BkV: %BV PER: 9m’3: 9m’4 +chg: Q3’3: Q3’4: +chg: Div: Yield: 
RLC:  13.86: 30.8: 45% 5.07: 1.79:  2.07:  +16%  0.63: 0.58: -7.9% 0.65: 4.69% 
ALI :  30.10: 23.9 126% 16.4: 1.22 : 1.42:  +16%  0.46: 0.54: +17%: 0.50: 1.65% 
MEG P2.09: 7.50:  94% 3.49: 0.39: 0.44:+13.% 0.13 : 0.16 : +23%: 0.08: 3.91% 
RCR: P5.93: 6.28: 94%  5.11 : 0.31 : 0.41: +32% 0.09: 0.19: +111%: 0.40: 6.70% 
Areit 40.00: 35.1:  114%  15.6: 1.68: 1.82: +12%: 0.52: 0.61:  +17%: 2.32:  5.80% 
Mreit 13.28: 18.7:   71%  327.: 0.80: 0.78: -2.5% 0.26: 0.26: + 0%: 0.23:  7.44% 
JGS: 24.30: 48.8:  50% 8.11: 2.04: 2.38:  +17%: 0.66: 0.41:  -38%: 0.42: 1.73% 
AC  : 648.5: 653.:  99% 10.6: 50.0: 52.8: +5.5% 21.4: 18.2:  -15%:  0.08: 1.23% 
AGI : P8.72: 32.8:  27% 3.94: 1.46: 1.48: +1.4% 0.42: 0.48: +14%: 0.15:  1.72% 
===

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/ RRHI (36.40); MRSGI (1.19, 3.27%), MM (0.60, 1.65%), AllDy (0.138, 0.38%) ... 10d:

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sym:  Last:  BkV: %BV  PER: 9m’3 9m’4 +chg: Q3’3 Q3’4  +chg:  Div.: Yield:  exDiv.dt  
RLC:  13.86: 30.8: 45% 5.07: 1.79:  2.07: +16.% 0.63: 0.58: -7.9%  0.65: 4.69% 05.30.24  
RCR: P5.93: 6.28: 94%  5.11: 0.31 : 0.41: +32% 0.09:  0.19: +111%:  0.40: 6.70% 02.19.24*  
RRHI 36.40  51.6:  71% 5.67:  1.75: 5.38 +207% 0.53  0.70: +32.% 2.00:  5.49% 05.24.24 
Mrsgi  1.19: 2.81:  42% 6.80: 0.08: 0.06: -25.% 0.04: 0.02: -50.%  0.16 :  5.04% 04.19.24  
MM : 0.600 0.39 154% 11.7 : 7.4M 7.8M: +00% 5.2M 2.9M -44%  0.00: - n/a-   No Div. 
AllDy 0.138 0.31:  45% 8.85: 253x 224x +00% 82.0x 55.4x -11.% 0.00: - n/a-  11.26.24  
STR   P1.68 6.11:  27%  1.55:  0.74: 0.21:  -72.%  0.21:  0.32:  +52% 0.03: 1.82% 11.27.24  
VLL   P1.67 11.62  14%  2.15:  0.57: 0.63:  +11.%  0.16:  0.18:   +13%  0.11 :  6.71% 11.27.24  
===

NEWS:

RRHI ramping up store opening to boost revenue

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