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PSE Stock: PAL HOLDINGS INC. (PAL)

Archcavalier · 12 · 5925

Archcavalier

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on: Mar 08, 2012, 07:22 PM
crap its going down for some reason...

Should I sell or wait a few more months...
If  I sell i can take migrate to another company...
« Last Edit: Aug 11, 2012, 10:50 PM by FutureGizmo »


vgal0579

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Reply #1 on: Mar 19, 2012, 01:35 PM
PAL expects 12% growth in passenger volume

FLAG CARRIER Philippine Airlines (PAL) expects its passenger volume to grow by more than a tenth this year as it aims for uninterrupted operations after outsourcing ground crew work in 2011.

"We are looking at 10-12% growth. The load factor of the flights is expected to improve," PAL President Jaime B. Bautista told reporters late Thursday at the sidelines of the company's 71st anniversary celebration.

"Last year, there were interruptions," Mr. Bautista said, referring to the cancelled flights in late 2011 as the firm transitioned from laying off over 2,000 employees in charge of ticketing, baggage handling and catering to outsourcing the work to an affiliated service firm instead.

"Also the market is growing. That's why there are new airports being developed because of the growth in market," he added.

He declined to comment on ongoing talks between San Miguel Corp. and PAL majority shareholder Lucio Tan for a takeover deal.

According to Mr. Bautista, PAL's passenger traffic in 2011 stood at "less than 10 million," while the carrier is looking to close the year with about 10 million passengers.

Mr. Bautista said that the airline would also be acquiring two 777-33ER aircraft and four A320 airbuses this year to support the rise in passenger numbers.

He added that the company is also studying the possibility of mounting flights between Cebu and Darwin, Australia.

PAL Holdings Inc., the operator of flag carrier Philippines Airline, posted P3.628 billion in nine-month losses so far according to its latest financial statement, a reversal from P3.236 billion total comprehensive income recorded in the same period the year previous.

Shares of PAL Holdings, Inc. rose by 2.98% or 21 centavos to P7.26 apiece when the stock market closed on Friday. -- Cliff Harvey C. Venzon


vgal0579

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Reply #2 on: Apr 18, 2012, 11:04 AM
PAL Holdings official resigns to make way for San Miguel

AT LEAST one PAL Holdings, Inc. director has resigned to give way to the new stockholder San Miguel Corp.

In a text message to BusinessWorld yesterday, PAL Holdings director Wilson T. Young said he had tendered his resignation last week.

“It is to give way to new investors to appoint their nominees,” Mr. Young said.

He claimed, however, that “nobody” in Philippine Airlines, Inc., a subsidiary and operator of the flag carrier, has resigned.

“Maybe when the new investors have made their management team, that is the right time,” Mr. Young said.

A San Miguel unit has acquired a minority stake in Trustmark Holdings Corp. and Zuma Holdings and Management Corp., the holding firms of PAL and Airphil. -- Cliff Harvey C. Venzon


vgal0579

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Reply #3 on: Jul 03, 2012, 02:33 PM
PAL to buy 100 planes, offer more int’l flights

CEBU CITY -- Philippine Airlines (PAL) plans to acquire 100 more aircraft within the next five years and open additional international routes as part of its aggressive expansion program, a company executive said.

Chris Lebumfacil, PAL passenger sales manager for the Visayas, said this will be in addition to their existing 38 planes, three of which are recently acquired modern Boeing 777-300 units.

PAL’s new routes and programs are in support of the growing number of international travelers going to the Philippines, he added.

Mr. Lebumfacil gave an update of PAL plans during Thursday’s Tourism Congress 2012 in Cebu organized by the Cebu Chamber of Commerce and Industry.

He said PAL has flights to 15 East Asian destinations including Korea, India, Macau, Hong Kong but will be adding 17 more cities to its destinations.

He added that it already flies to Beijing, Shanghai, and Xiamen and plans to operate more flights in other cities there.

PAL is also expanding its existing itinerary in Australia from the two cities of Sydney and Melbourne to add three more destinations.

It will also open flights to New Zealand, he revealed.

The airline also serves six cities in North America and Europe.

Once the Philippines gets an upgraded safety rating from the United States, the flag carrier plans to offer flights to Chicago, New York, San Diego, and Seattle in as well as Toronto in Canada in its destinations, Mr. Lebumfacil added.

“We’re working hand in hand with different government agencies to get out of that category. Once this is done, we can add more flights,” he said.

According to him, PAL used to have a flight to London and wants to resume this as well as add the cities of Frankfurt, Paris, Rome, and Madrid. “We would like to bring tourists… to visit to the Philippines,” he said. -- Marlen D. Limpag


vgal0579

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Reply #4 on: Jul 23, 2012, 12:52 PM
PAL Holdings says losses fell as of June

PAL HOLDINGS, Inc., the operator of flag carrier Philippine Airlines (PAL), expects to have narrowed its losses in the first quarter of its fiscal year due to the drop in fuel prices, an official said.

“It appears that [losses fell by] by 25-30%,” Lucio K. Tan, Jr., the son of PAL Chairman Lucio C. Tan who also sits in the company’s board, told reporters in a chance interview last Friday, referring to the net loss for April to June.

PAL Holdings last year recorded losses of P383.80 million for the first quarter of its fiscal year, earlier reports show.

Global jet fuel prices have fallen 9.9% to $119.6 per barrel as of July 13, data from International Air Transport Association showed.

Already, the flag carrier has moved to slash the P50-P100 fuel surcharge fee it charges for domestic flights.

For its fiscal year ending in March 31, PAL Holdings posted P3.63 billion in losses attributable to equity holders of the parent company, a reversal from P2.533 billion income realized last year.

Consolidated revenues were slightly lower at P74.053 billion from P74.607 million in year-ago levels, filings show.

“The decrease in total revenues was primarily brought about by the effect of the appreciation of the Philippine peso versus the US dollar in converting the US dollar-based figures to Philippine peso,” its bourse filing had read.

Consolidated expenses jumped by 10.93% to P79.39 billion from P71.567 billion due to higher cost of flying operations.

The cost of flying operations rose by 16% and attributable mainly to higher fuel expenses and aircraft lease rentals, PAL Holdings said.

For the full year, the airline’s losses is expected to narrow if fuel price will continue to go down, Mr. Tan said.

PAL President Ramon S. Ang, who also heads San Miguel Corp., earlier said that he would make PAL profitable this year by launching more flights abroad.

In April, San Miguel Corp. acquired 49% of PAL and its low-cost sister carrier Air Philippines Corp. for $500 million.

The investment is expected to assist the airline in its plan acquire 100 planes for refleeting in the next five years.

Shares of PAL Holdings fell by 0.41% to P7.72 apiece on Friday. -- Cliff Harvey C. Venzon   


Senyor

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Reply #5 on: Nov 25, 2012, 06:02 AM



vicces

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Reply #6 on: Nov 25, 2012, 01:36 PM
Thanks for the share senyor. :cool2:

Btw, I noticed you have a 60-day target period for this trade.. But isn't PAL up for delisting by end of 2012 or has RSA changed his mind?


Senyor

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Reply #7 on: Dec 02, 2012, 01:17 AM
atin atin lang to hah  

if you're going to do an airport, you need at least 1 to 2 billion dollars equity.

only 2-3% being floated. PaL may consider the Public as source of funds.

If I were a bank Id rather lend or syndicate loans to a conglomerate with a clear cashflow projection and solid business plan.

pag de listed na yung PAL - apply the chart on CYBR..same behavior Jan 2012 of PAL is Jan 2011 of CYBR onwards.

Tuloy ang trabaho ng Hinete
 
« Last Edit: Dec 02, 2012, 01:23 AM by Senyor »


Richard4

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Reply #8 on: Dec 02, 2012, 06:56 AM
 :thankyou: Senyor for the insight and chart.
First of all I am one of your fan in terms of charting analysis
With all do respect I just want to comment about this particular chart



Based on your MA indicators and RSI
Green lines on RSI are break outs and the black line is a don't buy yet signal,waiting for confirmation
I cant see any buy signals as of now and may even continue the dead drop started when confidence level swoop down a day after this article http://www.philstar.com/business/2012/09/29/854017/pal-delist-within-year


Senyor

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Reply #9 on: Dec 03, 2012, 12:30 AM
Dec. 3, 2012

Hi Richard,

PAL @ 5.00 closed 11.29.12 Thursday

Appreciate your Gekko insights. You're right, my chart must cost -3.8% float loss to those who followed it. Tolerate 60days.
 
And it looks like RSA would not want to bail out major investors at current price levels going downhill.
News on de listing and new routes+birds do not make an impact to share price.

Playbook of another Gekko

Richard: Mr Ang... Id like to pull out my investment from your airline

RSA    : Sure sell it at Market or let me buy it.

Richard: I may have to cut a loos if if do that. I invested with you @ 8.20Pesos it's now @ 5.00

RSA : Ah ok .. Do not worry I have new investors coming in that will pump the price in 3 months.

Richard : Great Ill gracefully exit @ cost or at least pump it 4% higher .

RSA : Sure just hold on to your shares. And wait for the ascent or price bottoming out....

Richard: When will that be?

RSA : We've already started when price reached @ 4.50Pesos last week. That's a new base of investors.

Richard : Great so I can buy now and double up to get out earlier instead of waiting to hit 8.20Pesos

RSA : Well, there are others who would like to get out sooner too. :watchuthink:


Richard4

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Reply #10 on: Dec 03, 2012, 01:58 AM

RSA : Well, there are others who would like to get out sooner too. :watchuthink:


I will be waiting for this :applause:

Till then previous bounce is still considered a dead cat bounce IMHO

:thankyou: Senyor for the info 


wilch23

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Reply #11 on: Sep 29, 2017, 10:32 AM
PAL owes the govt over 7B in unpaid fees!

Si DU30 mismo nag-announce nyan!


 


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