Investing Stocks in Philippines: Willie Revillame

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Monday, June 3, 2013

Stock News 2013: Vista Land hikes capex to P20 billion

English: Manny Villar was seen on Tinalak/T'nalak Fiesta Street Parade and Street Dancing taken on South Cotabato SMRAA, Koronadal City during T'nalak Festival on July 18,2009. (Photo credit: Wikipedia)

The real estate unit of the Villar family is jacking up its capital spending to as much as P20 billion this year to take advantage of the robust demand.

Vista Land & Lifescapes Inc. will roll out more residential projects in the provinces in the next two to three months, its top official said.

“We are prepared to spend more than P18.5 billion....We might spend up to P20 billion,” Vista Land chairman and founder Sen. Manuel B. Villar said on the sidelines of the topping off ceremony of the first building of Wil Tower Mall.

Villar said Vista Land is looking to increase its capital expenditures to take advantage of increasing demand for house and lot units.

“We are going to launch 14 new projects in the next two to three months,” Villar said.

For this year, Vista Land will launch residential projects in 12 new locations. As of the first quarter, Vista Land had a presence in 31 provinces and 63 cities and municipalities around the country.

“We are going to open in Marbel in South Cotabato, Sta. Maria in Bulacan, Kalibo in Aklan, Silang in Cavite and Roxas City [in Capiz],” Villar said.

For 2013, Vista Land will launch P30 billion worth of projects offering 15,000 residential units, up from P25 billion and 12,000 units last year.

Villar said the bulk of Vista Land’s sales will come from the house and lot units given the strong demand from end-users and first time home owners.

Vista Land targets to grow its reservation sales by 15 to 20 percent to as much as P50 billion this year from P40.09 billion in 2012.

In terms of high-rise projects, Vista Land has nearly sold out units in the first building of the 42-storey Wil Tower Mall in Quezon City.

The project, in partnership with variety show host and celebrity Willie Revillame, includes a four-storey shopping mall.

Villar said the second tower that will require P1.5 billion in capital spending will be launched when the first building is sold out.

Villar said adjacent lots can also be developed to complement the Wil Tower Mall, which sells units at P3 million to P6 million each.

Vista Land will also expand its portfolio of shopping malls.

“Vista Land has four right now and we are putting up another four,” Villar said.

Specifically, the listed property firm will put up the new phases of Vista Mall in Presidio in Sucat and Evia in Daang Hari. It will also build a Vista Mall in San Fernando in Pampanga and in Antipolo.

http://www.philstar.com/business/2013/06/03/949378/vista-land-hikes-capex-p20-b

Tuesday, January 1, 2013

Stock News 2013: TV5 braces up for more losses

Logo used from August 9, 2008 to April 3, 2010. Now as a secondary logo. (Photo credit: Wikipedia)

Pangilinan-led Associated Broadcasting Corp. (ABC), operator of television network TV5, will continue to post heavy losses in 2013 as the company struggles to compete with rivals that corner the lion’s share of industry ad revenues.

TV5 chair Manuel V. Pangilinan said the company had also struggled to keep costs down amid efforts to complete the network’s program lineup and hire talents.

“TV5 will continue to struggle,” Pangilinan told reporters at a recent briefing. “It will take longer than expected to make profits,” he said.

“There’s a lot of cost-cutting and we still have to finalize our program grid,” he said, adding that production costs would still rise as the company continued creating more shows.

TV5 earlier said it was targeting 2014 as its first year of profitability under the Pangilinan group, which took control of the network in 2009.

Earlier this year, TV5 president and CEO Ray C. Espinosa said the company’s profit target was under review due to factors that had not been identified when the goals were first set. One of the factors was the debt crisis in Europe, which led to a cut in advertising spending by multinational companies operating in the Philippines.

TV5’s bigger rivals, GMA Network Inc. and ABS-CBN Corp., have seen their revenues trimmed this year due to an industry-wide drop in advertising spending.

In the first half of 2012, TV5 lost P2.8 billion and this would likely be matched in the second half of 2012, Pangilinan said. This means the whole-year loss would exceed the P4.1 billion it lost in 2011.

While losses would remain big in 2013, TV5 aims to increase revenues with better programming during the primetime slot, when ad minutes are most expensive, said Pangilinan.

“The key variable when we were starting was Willie Revillame. We needed someone like him to give the first boost for TV5 … to anchor the primetime,” he said.

He said that since the gameshow host had agreed to move his show to the noontime slot, the primetime slot was freed for more shows that the company could sell to advertisers.

http://business.inquirer.net/99963/more-airlines-flying-to-ph-if-govt-scraps-carriers-tax-ftip-official