What’s next for Double Dragon Properties (DD)?

James Ryan Jonas

Without a doubt, property developer Double Dragon Properties (DD) is the latest darling of investors in the Philippine Stock Exchange. In just 6 weeks, the stock has skyrocketed to a high of P10.96 per share — roughly a 450% increase from its P2.00 IPO price.

Many investors who were able to join the DD craze surely were happy with such gains. Who wouldn’t — because had you invested P100,000 during Double Dragon’s initial public offering and are still holding the stock until now, your money is now worth P550,000.

Deliriously delightful, indeed.

But what’s next for DD? Is it now overpriced? Or is the past weeks’ rally just the beginning?

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Special Report on Double Dragon

PinoyInvestor, a stock resource for Filipino investors, has issued a Special Report on Double Dragon, which contains comprehensive analysis and recommendation of DD by three top stockbrokers in the country.

The special report compiles the outlook on DD of three (3) PinoyInvestor’s expert partner brokers — Unicapital Securities, Regina Capital, and DA Market Securities.

A report that is exclusively published by PinoyInvestor and cannot be found anywhere else, the DD Special Report highlights the following:

  • update on DD’s financial performance in the past 1st Quarter 2014;
  • comparative valuation analysis of DD versus other real estate companies; and
  • recommendation whether to Buy, Sell or Hold the DD stock.

This Special Report is available for download to Premium Access members of PinoyInvestor.

Here is an excerpt from the Special Report, cited from the analysis of stockbroker Regina Capital:

“DoubleDragon needs at least PHP 10 billion worth of assets to generate its net profit target of PHP 1 billion by 2016, assuming DD has a Return on Assets (ROA) of 10%. Last year, DD’s ROA was 12%, but this was mostly from the sale of condominium units…

If Double Dragon were into mining precious metals or drilling for oil or natural gas, the prospect of discovery and commercial production can easily lead to exponential increases in price. However, DD is into mall operations and condominium sales, where revenues are predictable and dependent on the size of its assets.”

— From Regina Capital Development Corp.

Get this Double Dragon (DD) Premium Special Report by signing up in PinoyInvestor.

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James Ryan Jonas teaches business management, investments, and entrepreneurship at the University of the Philippines (UP). He is also the Executive Director of UP Provident Fund Inc., managing and investing P3.2 Billion ($56.4 Million) worth of retirement funds on behalf of thousands of UP employees.