Stock News 2011: Alveo H1 sales up 80%

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Alveo Land, the middle-income residential unit of Ayala Land Inc., posted an 80 percent jump in reservation sales to 1,200 during the first half of the year from 685 units in the same period in 2010.

In an interview, Alveo chief operation officer Robert Lao said that the firm is aiming to sell about 3,000 units this year – more than double its first half reservation sales.

He said growth will be due to more projects launched in the market this year with about 12 new projects to be introduced to the market in 2011 compared to about 5 last year.

http://mb.com.ph/node/325291/alveo-h1-

Stock News: Rustans Expanding to Middle and Working Class Markets

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The Rustan’s group of the Tantoco family is reaching out to a bigger market by expanding its middle-market Shopwise store network outside Metro Manila by with the planned opening of at least four stores at a cost of over P1 billion.

Shopwise president Bienvenido Tantoco III said the firm wants to devote its internal cash to the development of new stores. He said each store will cost P250 million to P350 million to build.

"This year, we got two and then we've signed deals for two that we will develop next year but we'd like to do more. Aside from Shopwise, we feel there is opportunity for Rustan’s Fresh and also Rustan’s Express,” Tantoco said.

He explained that “now we are multi-format. Shopwise is for middle class Rustans Fresh is for upper middle to affluent. And Rustan’s Express is for working class. We want to expand towards those three types of customers using the three formats"

http://www.mb.com.ph/articles/277267/rustans-expanding-middle-and-working-class-markets

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