Andrew
Tan-led Alliance Global Group (AGI) has been named one of the best
listed companies in Asia-Pacific by Forbes Asia magazine.
Forbes Asia's Fabulous 50 is an annual list that recognizes the best performing listed companies in the Asia Pacific region.
Tan's company was a newcomer on the Fab 50 list, which also included two other Philippine companies - fast food giant Jollibee Foods Corp. and Ayala Corp.
Forbes Asia said it chose the 50 out of 1,220 companies which had at
least $3 billion in annual revenue or market capitalization.
Forbes Asia cited AGI's strong revenue growth last year, on the back of
healthy financial performance of Megaworld, Emperador Distillers, Golden
Arches Development Corp., Travellers International Hotel Group, Inc.
and Global-Estate Resorts, Inc..
"This award affirms our
commitment to excellence and best practices. This is a result of the
consolidated efforts of all employees of the companies under AGI who
have been working hard throughout the years to help us become what we
are today. We are very honored to be recognized by the world’s most
admired and credible business magazine," Kevin L. Tan, Alliance Global
Group, Inc. executive director and Megaworld’s first vice president and
head of commercial group, said.
Forbes Asia held an award ceremony at the Regent Hotel in Beijing, China, which was attended by top Asian CEOs and businessmen.
AGI's total revenues surged 63% to P102.72 billion in 2012. For the
first nine months of the year, AGI said its consolidated revenues grew
19% to P93.4 billion.
ABS-CBNnews.com
Posted at 11/20/2013 1:09 PM
http://www.abs-cbnnews.com/business/11/20/13/andrew-tans-agi-named-one-asias-top-listed-companies
Jollibee
Foods Corp. (JFC) hopes to topple Japan’s Zensho Holdings Co. Ltd. in
two years to become Asia’s largest restaurant and fast-food company, a
top executive of the Philippine fast-food giant said last week.
The target of Jollibee, whose homegrown chain gained popularity selling
American fast-food staples adjusted to local tastes, to dominate
the region comes faster than initially thought, and may be achieved
even without major acquisitions, Jollibee chief financial officer Ysmael
Baysa told reporters.
“If we enter a new market or make
another acquisition, our chances [of becoming the top fast-food company]
are even bigger,” Baysa said at the sidelines of the Asia CEO Awards
last week.
Established in the 1970s, Jollibee now has a global
network of 2,671 stores, mainly in the Philippines and China. It is
Asia’s second-biggest fast food/restaurant company, according to Baysa,
who cited data from Euromonitor International.
The biggest is still Zensho, with 4,700 restaurants, mainly through the Sukiya chain, which sells gyudon or beef rice bowls.
“Jollibee can be the biggest” in all of Asia, Baysa said. It can [happen] “in the next two years.”
The company is now focusing on the expansion of its organic stores, Baysa said.
Jollibee is on track to open about 100 stores in the Philippines this
year, he said. In 2014, it will likely exceed that expansion count.
Despite mounting competition, sales in the Philippines grew by 10.5
percent in the last quarter. But its units outside the country have been
growing faster, he noted.
We are growing by a double-digit pace everywhere, Baysa said.
In the third quarter, total sales of foreign businesses were up by 22.1 percent.
Jollibee is keen on expanding via acquisitions. But Baysa noted this
would be on a smaller scale moving forward, given its dominant position.
“Our acquisitions most likely will not be as frequent as before,” Baysa
said. “We have already established our foundation in China—we have
three brands [in China] plus one joint venture. And we are already in
the largest categories in the Philippines.”
The company’s
brands in the Philippines include the Greenwich pizza chain, grilled
chicken chain Mang Inasal, Burger King and Chinese-themed Chowking. In
China, it operates Yonghe King, Hong Zhuang Yuan and San Pin Wang.
It said revenues during the period rose by 12.3 percent to P57.83 billion, while profit was up 26.7 percent to P3.12 billion.
Philippine Daily Inquirer
3:56 am | Monday, November 18th, 2013
http://business.inquirer.net/152819/jollibee-hopes-to-topple-japan-firm-as-asias-largest
PGOLD (Puregold Price Club, Inc.)
November 19, 2013
"Potentially found the bottom"
PGOLD may have bottomed out today as it forms a Bullish Hammer candlestick pattern, a reversal pattern.
It potentially found a convergence of supports at the following:
1) Five months uptrend support line - a rebound from this level may
trigger a retracement towards the recent high near 47/48. However, a
breakdown from this level may send the price towards 35.
2) Support provided by the 200 SMA line (around 40).
3) Support around the 61.8% Fibonacci Retracement which historically provided similar support of the previous low at 35.5.
4) S1 = 40.4, the Support 1 of the classic pivot level.
RSI is now at OVERSOLD level.
Analyst/Broker's Ratings
------------------------------
COL:
- Rating = BUY
- TP = 51
HSBC:
- Rating = Overweight
- TP = 55
FT:
- Rating = OUTPERFORM
(5 Buy|1 Outperf|1 Sell)
- TP(low/avg/high) = 34/49/55
MarketWatch:
- Rating = BUY
- Avg TP = 49
Firstmetrosec:
- Rating = HOLD
- TP = 44.6
- Recent earnings result slightly below estimate as margins
disappoints. However, a stronger than usual 4Q 2013 may arise from
demand for relief goods for typhoon Haiyan victims.
Source: PSE Stocks
