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PSE Stock: CENTURY PROPERTIES GROUP INC. (CPG)

Archcavalier · 197 · 53561

Archcavalier

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Is real estate really that blooming?
Long term how does the outlook well look?

How many lights are turn on in all the building they have?
its a really good sign to know that people are actually buying the condos.

I honestly dont want a housing bubble to pop.
« Last Edit: Aug 11, 2012, 10:42 PM by FutureGizmo »


vgal0579

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DIVIDEND DECLARATION

Cash - PhP 0.0097 PER SHARE
Ex-Date - APRIL 24, 2012
Record Date - APRIL 27, 2012
Payment Date - MAY 24, 2012


vgal0579

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Century Properties aims to match 2011 pace

LISTED DEVELOPER Century Properties Group, Inc. aims to match this year the number of units it launched in 2011 to keep up with foreign demand, an official yesterday said.

“We are targeting roughly the same as last year: P16 billion roughly or 3,100 units -- most of them in the central business district,” Jose Carlo R. Antonio, the company’s chief financial officer, told reporters after the company’s stockholders meeting.

A bulk of those units will be housed in the Century City Azure and Aqua projects, he said.

This comes as the developer has been successful in marketing its portfolio to the international market, he claimed.

“Demand is pretty robust. Majority of our efforts is to the international sales,” he added. “We are not competing with the many real estate companies here in the Philippines.”

The company has offices in 20 countries. Some two-thirds of its sales are to international markets such as the United Kingdom, Middle East, and the United States, he said.

The company has projects for various segments, with the Trump Tower Manila and the Milano Residences catering to luxury buyers, while middle-income buyers get the Gramercy Residences, Knightsbridge Residences and Aqua Private Residences. The company also offers even more affordable projects such as its Azure Urban Resorts and Residences and upcoming developments in Quezon City, including one near Commonwealth Avenue with “roughly 2,000 units.”

As of 2011, 76% of 543 units of The Milano Residences have been sold with turnover scheduled for 2014.

For the Trump Tower Manila, the company has sold 67% of the 220 residential units being offered as of May 2012 with turnover slated for 2015.

Over 1,400 units at the Gramercy Residences, meanwhile, are set to be turned over this year according to its annual report. For the Knightsbridge Residences, the company has sold 99% of the 1,310 units that will be turned over by 2015.

For the Aqua Private Residences, the company has sold 54% of the 2,819 units that will be turned over starting 2014.

For the Azure Urban Resort residences, the company has sold 59% of the 5,511 set to be turned over this year.

Century Properties hiked its first-quarter net income by 382% to P866 million from P180 million in the same period last year. as total sales grew by 53% to P4.7 billion.

For the full year, Century Properties expects to book higher revenues from completed and ongoing projects, translating into a likely 2012 income of at least P1.73 billion, compared to a 2011 net income of P866 million, earlier reports said.

Shares of Century Property rose by 1.4% to P1.45 apiece yesterday. -- Cliff Harvey C. Venzon


stockbreaker

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drecstimes

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cpg on a consolidation period


Post Merge: 1341326554
i think it needs more catalyst to gain investors confident, and to show movements


http://www.pse.com.ph/resource/disclosures/2012/pdf/dc2012-5050_CPG.pdf
« Last Edit: Jul 03, 2012, 10:42 PM by drecstimes »


pmtmember

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CENTURY PROPERTIES GROUP INC.

CPG’s second attempt to breakout from the triangle. Its previous attempt was last July 13 when it close 4.86% to 1.51 Today it close 3.45% to 1.50 Comparing the volume of the two breakouts, today is 2 times higher. Prepare for take off.. if it will

Caveat emptor


decapolis

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pmtmember

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vgal0579

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Century Properties details plans for QC condo

LISTED DEVELOPER Century Properties Group, Inc. plans to spend P4.1 billion to build an eight-tower condominium complex near Commonwealth Ave. in Quezon City, as it adds budget housing to its portfolio.

The project dubbed The Residences at Commonwealth will rise near Don Antonio Heights subdivision and will feature 2,300 residential units.

It is expected to rake in P10 billion in total sales upon completion, Century Properties said.

“We believe that Quezon City is ready to receive a new breed of residents who will truly appreciate the great value of the Commonwealth by Century home. The location is very accessible, being situated in one of the few cities in the metropolis that is less congested,” said Jose Marco R. Antonio, Century Properties managing director and co-chief operating officer.

Moreover, the development is also seen to establish the company’s portfolio in the affordable market, a departure from its typical upscale projects.

“By entering the affordable price category we would like to tell home buyers that there is a Century [Properties] home for each budget and preference for location within Metro Manila,” Mr. Antonio said.

The project’s eight residential towers will be named after Commonwealth-era politicians, with the first 11-storey building, dubbed Osmeña West set to be turned over by 2015.

The units will be offered as 21- to 49-square-meter (sq. m.) one-bedroom and 64- to 72- sq.-m., two-bedroom configurations, with each unit costing between P2 million to over P5 million.

The residential project will also feature amenities such as gardens, full-size basketball and badminton courts, an athletic boot camp area, club house, gym, yoga deck, and multipurpose hall.

In terms of safety and security, The Residences at Commonwealth will include perimeter fences, lighting systems, smoke detectors, fire sprinklers and exits, among other features.

Century Properties, established in 1986, is a high-end developer with over 40 projects in its total portfolio as of last year.

It debuted on the Philippine Stock Exchange last September by way of backdoor, replacing dormant energy firm East Asia Power Resources Corp.

The company has programmed a capital expenditure of P8.3 billion for this year, more than three times higher than its P2.6 billion budget last year.

Nearly a bulk of this year’s capex figure may be bankrolled by bank borrowing, earlier reports stated.

In addition, Century Properties is looking to enter the growing local tourism sector via a development on a 142-hectare prime lot in Nasugbu, Batangas, which it plans to turn a into a resort estate in joint venture with Group Developers, Inc., Caylaway Development Corp. and Batulao Bio-loop Farms, Inc.

As of end-2011, the developer had already completed 4,128 units in 20 condominium buildings, all with a total gross floor area (GFA) of 548,262 sq. m.

This portfolio is expected to grow upon the completion of four master planned communities in Metro Manila and Cavite that will add a combined estimated GFA of 1.19 million sq. m.

For the full year, Century Properties expects to double its bottom line versus 2011 levels as it looks to book higher revenues from completed and ongoing projects, translating into a likely 2012 income of at least P1.73 billion, compared to a 2011 net income of P866 million, earlier reports said.

Century Properties recorded a 310% surge in its January to March net income to P453.50 million from P110.50 million in the same period last year on the back of revenue growth from its residential property projects despite unit oversupply fears.

Total revenues climbed by 121% to P2.48 billion versus P1.12 billion, year on year.

Costs and expenses, meanwhile, were said to have nearly doubled to P1.85 billion from P964.75 million last year.

Century Properties shares fell by 2.67% to P1.46 apiece at the end of trading on Friday from P1.50 at its previous close. -- Franz Jonathan G. de la Fuente


pmtmember

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Ano kaya ang pwede pang gawin maliban sa mga praise releases para tumaas naman ang price ng cpg :)


bajoyjoy

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As of 9Aug 2012, UBS Securities has given CPG a BUY RATING , with a 12-month price target of P2.2/share

Link to their 56-page report, is found below (please be mindful of their disclosure of conflict of interest):

UBS INVESTMENT RESEARCH


decapolis

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tibaktrader

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Thanks for sharing the UBS Report, Bajoyjoy.

I really like that report. :) 


pmtmember

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ano pa kaya ang pwede na praise release sa dragon na ito para gumising?


Senyor

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Oversupply ata ng mga condo sa manila. bagsakan pa mga presyo.
Masarap umakyat at mag tripping - kaka sindak mga disenyo.
Kulay pula downhill chart nito. Mura sya.
Pag yung piso pumalo ng 44 sold out lahat to.
100% sakto binagsak since August 2011.

Pwede
Pwedeng pwede!


 


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