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PSE Stock: ALSONS CONSOLIDATED RESOURCES (ACR)

tibaktrader · 21 · 16325

tibaktrader

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News on ACR. Not good at all.

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Alsons 1H net income down nearly half
By: Krista Angela M. Montealegre, InterAksyon.com
August 13, 2012 9:41 AM

"MANILA - Alsons Consolidated Resources Inc. on Monday said its earnings dropped by nearly half in the first semester in the absence of extraordinary gains.

In a disclosure to the Philippine Stock Exchange, Alsons said its net income attributable to the parent fell 43 percent to P163.3 million in the first half from P289 million in the same period last year.

Revenues hit P1.49 billion, 9 percent higher than the P1.36 billion last year on the back of the better contribution of its power and real estate businesses.

Consolidated non-core net income dropped 28 percent to P485.1 million from the previous year's P676.3 million in the absence of insurance claim payments made to the company last year. Consolidated core net income was up 1.04 percent year-on-year.

Alsons expects to hit its full year target of P4.752 billion in revenues, up 62 percent from P2.94 billion last year, and match the previous year's net income attributable to the parent of P456 million because of the additional income from the operation of the 100-megawatt Iligan power plant before the end of the year.

Power generation and power plant management subsidiaries with facilities based in Sarangani and Zamboanga generated P1.067 billion in revenues in the first six months this year, 4 percent higher than the P1.026 billion last year.

Lima Land Inc., Alsons' real property development and management subsidiary, raised its contribution by a quarter to P426.6 million from P341.3 million in 2011.

The Alcantara group is also engaged in aquaculture and agribusiness, real property development and services."

http://www.interaksyon.com/business/40262/alsons-1h-net-income-down-nearly-half
« Last Edit: Feb 01, 2013, 12:04 AM by FutureGizmo »


pmtmember

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Reply #1 on: Oct 14, 2012, 05:44 PM
Looks like ACR will go sideways for now as candlestick doesn't show any bullish nor bearish sentiment. Its price last Friday went to touch the 50% Fibonacci Retracement level but bounce back to close halfway within the nearest resistance and support. Cup and Handle formation looks dim as the cup is more of a V shape than a U shape.

Caveat!


ALSONS CONSOLIDATED RESOURCES




pmtmember

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Reply #2 on: Feb 07, 2013, 05:52 PM
Last January 22 we thought we saw Double Bottom on ACR? which prompted us to take position. Yesterday and today it rallied but it looks like it is about to reverse following the Shooting Star candlestick pattern. Although our candlestick today is green and Shooting Stars have a low reliability, we still need to be careful. Some of us should have already took profit yesterday or this morning. There is a gap betweeen yesterday and today, let us see if it will be closed immediately.

The Shooting Star tells us that the market opened near its low, then prices strongly rallied up and finally prices moved down to close near the opening price. In other words, the rally of the day was not sustained.

Caveat!

Shooting Star on ACR



pmtmember

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Reply #3 on: May 22, 2014, 10:27 PM
ACR is showing some bullish sentiment via Engulfing Pattern. The 38.2% Fibonacci Retracement level is today's support as price close above it. Another back up support is the Kijun Sen line which is moving horizontally at 1.74. Will it resume its climb now?

Caveat!

Engulfing pattern on ACR



pmtmember

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Reply #4 on: Jun 06, 2014, 12:29 AM
No bearish signal from the candlestick yet for ACR which means there is greater chance it will continue to go up and may try to break the resistance at 2.04 which is our high last May. Current support is at 1.88 per share. The weak bearish signal from Tenkan Sen / Kijun Sen Cross few days ago is still there but this will be negated if we will have break from the resistance.

Notice that ACR has found support at 32% Fibonacci Retracement level. This could lead to a sharp rally upward with the same length when we saw ACR rise from 1.38 to 2.04.

RSI or Relative Strength Index is at 72

Caveat!

ACR to go beyond 2.04 and beyond?



pmtmember

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Reply #5 on: Jun 12, 2014, 06:36 PM
ACR was able to stay in green yesterday and closed at 2.15 per share. Is it enough to counter the Bearish Meeting Line we've seen last two days ago or this is just one of the spikes as ACR will continue to dip?

Caveat!

Resistance slope quite strong for ACR



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Reply #6 on: Jun 17, 2014, 09:38 PM
ACR is trying to make a comeback but since the last time we saw ACR having a Bearish Meeting line (Resistance slope quite strong for ACR), it continues to show some weaknesses. Will it soon kiss the Kijun Sen line?

Caveat!

Kijun Sen line keep pulling the price on ACR



vicces

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Reply #7 on: Jun 17, 2014, 09:41 PM

durog ang kita...


bauer

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Reply #8 on: Jun 18, 2014, 12:11 PM
UP UP UP


vicces

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Reply #9 on: Jun 19, 2014, 07:18 AM
UP UP UP
:scratch:  arawwwwooouchhhhh.....


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http://bworldonline.com/content.php?section=Corporate&title=Alsons-Consolidated-planning-shift-to-renewable-energy&id=89408

ALSONS Consolidated Resources, Inc. (ACR) said it is planning a shift to renewable energy projects over the next five years.

Joseph C. Nocos, ACR vice-president for power development, said: “Our investments are driven by what we believe is needed by the market.”

The swing to renewables marks a significant turn for the Mindanao-focused company, whose projects are mostly coal or diesel-based and are thus highly dependent on imported fuel.

Mr. Nocos, who was speaking on the sidelines of the Power & Electricity World Philippines 2014 conference in Pasay City, said ACR is developing a 210-megawatt (MW) coal-fired power plant in Sarangani. It also plans to undertake a 105-MW coal project in Zamboanga City.

“Over the next five years, we see that we will have to shift focus to renewable energy,” he said.

“We actually signed hydropower service contracts with the Energy department for three project sites of around 40-50 MW. We are set to sign several more hydropower service contracts for other sites,” said Mr. Nocos.

Besides hydropower development, Mr. Nocos said ACR is also exploring a possible solar power project with capacity yet to be finalized.

“We are now in discussions with solar power developers for the undertaking of a solar project also in Mindanao,” he added.

Asked if the company has plans to invest in biomass projects, Mr. Nocos cited the challenge of securing sustainable fuel sources for such plants.

“That’s the main challenge that we see. We struggle to find sources of biomass that we can consistently rely on over the long-term,” said Mr. Nocos.

“As of the moment, based on what we’ve seen, there’s very few biomass sources that we can feasibly develop into power projects.”

Last month, ACR officials said the company is looking at capacity of more than 100-MW for various hydropower projects.

To jump-start its investment in renewable energy, the company will work on a 17-MW hydro plant that will be built along the Siguil River in the municipality of Maasim in Sarangani.

According to the Energy department showed that apart from the Siguil project, ACR -- through Alsons Energy Development Corp. -- already has service contracts for a 4-MW plant in San Carlos City and 10-MW plant in Don Salvador Benedicto, both in Negros Occidental; as well as for the 12-MW Kalaong 1 plant in Maitum, Sarangani.

ACR also has pending applications for the following projects: an 11-MW plant in Bago City, Negros Occidental; an 8-MW plant in Siayan, Zamboanga del Norte; a 23-MW plant in Lupon, Davao Oriental; the 6-MW Kalaong 2 and 4-MW Kalaong 3 in Maitum, Sarangani; and the 8-MW plant in Bayugan, Agusan del Sur.

Through Western Mindanao Power Corp. and Southern Philippines Power Corp., the firm operates a 100-MW diesel plant in Zamboanga City and 55-MW diesel plant in Sarangani province, respectively.

Mapalad Power Corp., another unit, owns and operates the 103-MW Iligan diesel plant in Lanao del Norte.

ACR profit grew 2.66% to P228.88 million in the first quarter.

Revenue more than doubled to P1.18 billion, while expenses more than tripled to P861.34 million.

ACR shares shed seven centavos or 3.35% to close at P2.02 yesterday.


mokongboy

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Reply #10 on: Jun 19, 2014, 08:28 AM
Pansin ko lang... less interested ang madlang people sa power business (in case of a company having other businesses)

TA <--- umarangkada dahil sa speculation ng oil drilling at dvd  :harhar: Hindi sa power business
ACR <--- speculation din ng dvd at hindi ung power business

Bakit kaya?



vicces

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Reply #11 on: Jun 19, 2014, 08:38 AM

ang alam lang nilang power, MER. :)


mikoangelo

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Reply #12 on: Jun 19, 2014, 10:46 AM
Pansin ko lang... less interested ang madlang people sa power business (in case of a company having other businesses)

TA <--- umarangkada dahil sa speculation ng oil drilling at dvd  :harhar: Hindi sa power business
ACR <--- speculation din ng dvd at hindi ung power business

Bakit kaya?



magiging interesado sila pag pumutok na....sila bibili ng benta ng mga nakauna...

ang alam lang nilang power, MER. :)

ang alm kong POWER ung CPG
« Last Edit: Jun 19, 2014, 10:59 AM by mikoangelo »


spidermannn

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Reply #13 on: Jun 19, 2014, 01:50 PM
MERON ako yang dalawa na yan,, TA and ACR.. kaso nagbawas ako sa ACR ng malake para makabili sa mababa,, after weeks lang biglang lumipad,, sayang..talaga...



spidermannn

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Reply #14 on: Jun 19, 2014, 01:52 PM
MERON ako yang dalawa na yan,, TA and ACR.. kaso nagbawas ako sa ACR ng malake para makabili sa mababa,, after weeks lang biglang lumipad,, sayang..talaga...
 
kelangan ng toma para makalimot



 


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