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PSE Stock: ABS-CBN (ABS)

wandawoman · 59 · 16733

wandawoman

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on: Jan 14, 2010, 11:52 PM
would you think it will go up until election time?
« Last Edit: Jun 15, 2012, 11:18 AM by FutureGizmo »


bauer

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Reply #1 on: Jan 15, 2010, 11:26 AM
it's possible to increase by 10 to 15% more but i think abs is over valued at more than 30 plus per share in the short term.  long term outlook please check fundamentals.

i have no position on this stock.


vgal0579

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Reply #2 on: Apr 16, 2012, 10:56 AM
ABS-CBN increases capex to P5B in 2012

Despite posting lower profits, ABS-CBN Corp. has set a higher budget for expansion this year as it diversifies its revenue stream to ensure future growth.

A top company official said the group’s capital expenditures (capex) would increase by at least 19 percent this year to P5 billion, with the bulk to be invested in subsidiary SkyCable’s Internet and cable television business.

“Last year, the capex for SkyCable was P1.3 billion. This year, it will be P2 billion,” ABS-CBN chief financial officer Ronaldo Valdueza said in an interview.

He said ABS-CBN would also allot more money for the acquisition of film rights. Last year, the company launched a total of 16 films, six of which grossed more than P100 million each to reach “blockbuster” status in Philippine standards.

Most notable of the movies launched last year was “Praybeyt Benjamin,” which grossed P342 million, making it the country’s highest-selling movie. Valdueza said about P1 billion would be spent for the acquisition of film rights.

He said that about P1.2 billion would be earmarked for the expansion of ABS-CBN’s network reach. This was lower than the P1.5 billion spent last year, but Valdueza said this was because the company would focus more on the growth of its digital television network.

The government has plans to order television industry players to start broadcasting on digital frequencies and replace inefficient and unreliable analog technology. ABS-CBN said it would spend P700 million for its digital TV rollout.

Valdueza said the company would invest more once the government chooses the digital TV standard to be used in the country. The National Telecommunications Commission (NTC) is choosing between Japan’s Integrated Services Digital Broadcasting and the second-generation Digital Video Broadcasting platform from Europe.

Last week, ABS-CBN reported that its net profit fell to P2.4 billion for 2011, down 24 percent from P3 billion during the 2010 election year. - P. Montecillo


vgal0579

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Reply #3 on: Apr 17, 2012, 11:45 AM
DIVIDEND ANNOUNCEMENT

Cash - PhP 0.80 per share
Ex Date - April 20, 2012
Record Date- April 25, 2012
Payment Date - May 22, 2012


vgal0579

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Reply #4 on: Jun 13, 2012, 10:51 AM
Recommendation: Buy on weakness

BROKERAGE FIRM A&A Securities has advised investors to buy shares in ABS-CBN Corp., but at a cheaper price, given the company’s downside potential.

“Investors should buy on weakness. The formation of the chart shows it is close to a point wherein the share price will go down before going up again,” analyst Jeng T. Calma said in a phone interview.

Ms. Calma noted that trading volume has been thin and the stock’s price has been consolidating at P35.50-P36 per share. Shares in ABS closed at P35.50 apiece last Friday.

In a recent disclosure, the Lopez-led broadcaster said it had purchased rival Destiny Cable and expects an additional P350 million in income every year from it. ABS-CBN, Ms. Calma said, has to keep up with rivals GMA Network, Inc. and TV5.

Ms. Calma pegged the stock’s support at P35 apiece and resistance at P36.80. “A good entry-point would be below P35,” she added. — K.M.P. Tubadeza


prnd32

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Reply #5 on: Aug 29, 2012, 02:11 PM
this might be a bargain too,  considering the forthcoming mid-term elections... watutink?


bauer

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Reply #6 on: Aug 30, 2012, 11:57 AM
il try to check its FS next week to validate if its a buy


mikoangelo

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Reply #7 on: Aug 30, 2012, 12:06 PM
^d pwedeng this week or bago matapos ang trading bukas??  :-[     


bauer

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Reply #8 on: Aug 30, 2012, 12:15 PM
^hehehe... wala naman sana ko balak mag share ng findings eh even if i can do it this week (still unlikely).


daphne

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Reply #9 on: Aug 30, 2012, 12:52 PM
 :gun1: mamilit  bah??? @siR miko


mikoangelo

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Reply #10 on: Sep 05, 2012, 09:35 PM
sir bauer wla pa?....  :laugh:

---

konting muni muni at hype lang... :hihi:



Will history repeat itself??





^gets nyo  :hihi:

Caveat emptor..
« Last Edit: Sep 05, 2012, 10:38 PM by mikoangelo »


EngrjEEpoy

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Reply #11 on: Sep 05, 2012, 10:06 PM
Pwede na bang mamili ngayon? =)


bauer

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Reply #12 on: Sep 06, 2012, 05:29 AM
sir bauer wla pa?....  :laugh:

short take on latest first half financial report of abs

quick book value analysis is 11 to 14 per share, maximum if i do not made any safety allowance on declared fixed assets

fundamentally, the stock price target as a good buy at 12 but since our pse index is bullish, i will raised it to 19

what i find interesting:

the global reached of ABS seems at its peak already, growth in subscriber base is loosing steam (a lot)

total debt increased by another 4B (quite heavy but not alarming).  Further debt is a downside so careful debt management must be in order with a long term aim to reduce it.

operation cost in terms of personnel is quite high versus contracted third party cost i'm concerned about the long term cost impact of this strategy.

in the news is the plan for a theme park.  This is a good project venture but carrying another debt load is a negative sign. internal cash must be use instead.

skycable's absorption of destiny is a good upside on its revenue but it is shortlived if there is no good strategy to expand its subscriber base.

over all, it is not a BUY for me. 


prnd32

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Reply #13 on: Sep 06, 2012, 10:23 AM
historically, more than 70% of campaign budget of national candidates are allocated in media advertisement.. and i don't think the 2013 election is any different.. question is how much will the candidates spend this time around..


mikoangelo

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Reply #14 on: Sep 06, 2012, 02:27 PM
Based on our trying hard analysis  :hihi: (thanks to moks and yr),  I think that the media industry will benefit in the upcoming election..

From bloomberg,est. EPS  (12/2012) for ABS is 1.6770 and COL 2012f is 1.68

Using 1.6770..

@20xPE=20x1.6770= P33.34/share

@25xPE =P41.675


From BPI Asset Management Stock Evaluation  

EPS 2012F= 2.25

@20xPE=P45/share

@25XPE=P56.25/share

Using the average of both....( 2.25+1.667)/2= 1.9585

@20xPE=39.17/share

@25XPE=48.9/share

Based on current price, ABS is at 12PE and GMA7 is at 28PE...

So id rather choose ABS because its more way cheaper than GMA7
« Last Edit: Sep 06, 2012, 03:36 PM by mikoangelo »


 


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